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EURUSD Daily Forecast: March 07 2016 EURUSD Forecast The EURUSD failed to continue its bearish momentum last week topped at 1.1043 after formed two Dojis as you can see on my daily chart below. The bias is neutral in nearest term but as long as stays above 1...
GBPUSD Daily Forecast: March 07 2016 GBPUSD Forecast The GBPUSD had a bullish momentum last week topped at 1.4248. The bias is bullish in nearest term testing 1.4300 area. Immediate support is seen around 1.4175...
USDJPY Daily Forecast: March 07 2016 USDJPY Forecast The USDJPY was indecisive last week formed a Doji on weekly chart. The bias is neutral in nearest term but overall price is still in a bullish phase since formed a double bottom formation as you can see on my daily chart below...
USDCHF Daily Forecast: March 07 2016 USDCHF Forecast The USDCHF was indecisive last week. The bias is neutral in nearest term but as long as stays below 1.0000/35 I still prefer a bearish scenario at this phase targeting 0.9820 area. Immediate resistance is seen around 0.9955...
GOLD: With GOLD closing higher the past week (see weekly chart), further strength is expected. However, while it trades below the 1263.00/1279.00 resistance zone, risk of a move lower is likely. On the downside, support comes in at the 1250.00 level where a break will turn attention to the 1240...
The Bank of Canada doesn’t target the exchange rate. But it has in the past year set down some fairly significant goalposts. At its last meeting, in January, a key reason why Governor Poloz didn’t cut was how far and fast the currency had weakened...
Data in this report cover up to Tuesday Mar 1 & were released Friday Mar 4. IMM data for the week through March revealed the first pick up in aggregate long USD positioning since mid-January and the first meaningful jump in overall USD bullish positioning since mid-January...
Here’s the market outlook for this week:: Content courtesy of Tallinex Limited (https://www.tallinex.com) EURUSD Dominant bias: Bearish As previously mentioned, EURUSD has been making some bullish attempts, but were not significant enough to render the bearish bias invalid...
EUR: Risk Events Galore – EU + ECB. Bearish. We remain bearish on EUR and are seeing rising political risks as providing further evidence for the currency to weaken. Near term, the risk rally will add to downward EURUSD pressure, supported further by foreign corporate borrowing in EURs...
To make it short and painful: there is no perfect trading strategy and how well you can deal with losses will determine your future success as a trader – more than your actual trading strategy will...
A British decision to leave the European Union would be “poison” for the UK, European and global economies that would last for years, the German finance minister has said...
EUR/USD: Wave analysis and forecast for 04.03 – 11.03: Uptrend continues. Estimated pivot point is at the level of 1.0820. Our opinion: Buy the pair from correction above the level of 1.0820 with the target of 1.15 – 1.16...
Forecast of movement of currency indexes next week 07.03 -13.03.2016. 1.GBP index strengthened to 39 and almost walked right up to the Japanese, second target after the Japanese will USD. GBPJPY buy, GBPUSD buy. 2. Strangely behaved Pacific Fleet AUD NZD, instead of falling...
The week ahead is dominated by the Reserve Bank of New Zealand’s (RBNZ) rate meeting on Wednesday March 9. The central bank has the highest base lending rate in the G10 at 2.50%, which makes it a target for carry traders, seeking yield...
The uncertainty surrounding the 2016 EU referendum has resolved itself into a downside bias for the UK currency and those watching markets should be aware that the exchange rate is susceptible to poll results either way until the referendum...
EAs can assist traders and here are the results to prove it. It was Non Farm Payroll on Friday but our EA did not know that. As traders, we avoid trading during high volatile news but our EA may not be smart enough to avoid the news...
This is the article "Forex Ranking and Rating list" for the coming week, the article Currency Score has also been published this weekend...
EURUSD: Having EUR closed higher the past week, it now looks to strengthen further in the new week. On the downside, support is located at the 1.0950 level and if violated, expect more weakness to happen towards the 1.0900 level. Further down, support lies at the 1...
The US dollar fell against all the major and most of the emerging market currencies last week. Risk appetites have been rekindled, and the yen has gone from the best performer in recent weeks to the worst over the past week. Major equity markets advanced for the third week...