something interesting

<  BACK TO Market Analysis

Forex Tech Targets

Bulls-and-Bears_Forex_FXPIG_24.05.2019

EUR/USD:

24-HOUR VIEW: Rebound in EUR has scope to extend but 1.1210 is expected to offer solid resistance. Expectation for EUR to trade sideways was incorrect as it dived to 1.1106 before rebounding strongly. While the rapid recovery appears to be running ahead of itself, there is scope for it to extend higher. That said, any further advance in EUR is expected to face solid resistance at 1.1210 (next resistance is at 1.1230). On the downside, 1.1130 is likely strong enough to hold any intraday pull-back (minor support is at 1.1160).

1-3 WEEKS VIEW: EUR is likely to trade sideways. While we indicated yesterday (23 May, spot at 1.1155) that the “risk of a break of 1.1130 has increased”, we were of the view “it is too soon to expect EUR to crack last month’s low at 1.1110”. Expectation for a “break of 1.1130” was correct but the move below 1.1110 (low of 1.1106) and the subsequent sharp rebound that hit an overnight high of 1.1187 came as a surprise (the 81-pips range registered yesterday is the largest 1-day range in a month). The price action yesterday has clouded the outlook even though the manner of which EUR rebounded ahead of 1.1000 suggests we may have seen a short-term bottom at 1.1106. That said, it is premature to expect a sustained rebound. For the next couple of weeks, EUR is more likely to consolidate and trade sideways, likely within a 1.1130/1.1230 range.

GBP/USD:

24-HOUR VIEW: Short-term bottom in place, GBP is expected to trade sideways to slightly higher, likely within a 1.2630/1.2710 range. Yesterday, we expected GBP to “retest the 1.2625 level but oversold conditions suggest a drop below 1.2600 is unlikely”. In line with expectation, GBP touched 1.2605 before staging a surprisingly robust recovery (NY close of 1.2657). The combination of oversold conditions and dissipating downward momentum suggests 1.2605 is likely a short-term bottom (GBP is not expected to move below this level for today). That said, it is too soon to expect an extended recovery. GBP is more likely to consolidate and trade sideways to slightly higher, likely within a 1.2630/1.2710 range.

1-3 WEEKS VIEW: Weakness is severely oversold but 1.2600 is beckoning. There is not much to add to the update from yesterday (see reproduced update below). GBP came very close to 1.2600 as it touched 1.2605 before staging a robust recovery. After yesterday’s price action, the beckoning call of 1.2600 has softened.While we indicated on Tuesday (21 May, spot at 1.2735) that the “focus is at 1.2670”, we were of the view “oversold conditions suggest the prospect for further extension to the next support at 1.2630 is not high”. However, GBP extended its decline as it plummeted to 1.2625 during NY hours before recovering. Despite the relatively large drop, we still have doubts on whether the current ‘negative phase’ that started in mid-April (see annotations in chart below) could extend further. From here, the next support is at 1.2600 but once below this level, the next significant support is another 100 pips lower at 1.2500. On the upside, only a move above 1.2760 (‘key resistance’ previously at 1.2840) would indicate that the ‘negative phase’ has ended. Meanwhile, the round number support of 1.2600 is beckoning.

AUD/USD:

24-HOUR VIEW: Room for AUD to advance but lackluster momentum suggests any up-move could be limited to 0.6925. AUD traded between 0.6865 and 0.6900 yesterday, right within our expected range of 0.6865/0.6900. The firm daily closing in NY (0.6899) suggests there is room for AUD to advance from here. That said, lackluster momentum indicates that any up-move is likely limited to a test of 0.6925. The next resistance at 0.6945 is a solid level and is unlikely to be challenged. Support is at 0.6885 followed by the 0.6865 low. The latter level is acting as a very strong support now.

1-3 WEEKS VIEW: Prospect for a move to 0.6835 has diminished. There is no change to our latest narrative from Tuesday (21 May, spot at 0.6925) wherein the “prospect for a move to 0.6835 has diminished”. We added on Wednesday (22 May), “AUD has to ‘punch’ below last week’s 0.6865 low and accelerate lower or the risk of a short-term bottom would increase quickly”. It is worth noting that AUD touched 0.6865 yesterday (23 May) before rebounding strongly. While it appears increasingly likely that the ‘negative phase’ in AUD that started in late April (see annotations in chart below) is close to ending, confirmation of a short-term bottom is only upon a move above the ‘key resistance’ at 0.6945 (no change in level).

NZD/USD:

24-HOUR VIEW: Further up-move would not be surprising but a move beyond 0.6545 appears unlikely. Expectation for NZD to “drift lower to 0.6465” did not materialize as it rebounded strongly after touching 0.6482. The rapid rise is running ahead of itself and while further up-move would not be surprising, a move beyond 0.6545 appears unlikely (there is another strong resistance at 0.6560). On the downside, the 0.6482 low is not expected to come into the picture (minor support is at 0.6505).

1-3 WEEKS VIEW: NZD could be close to making a short-term bottom. NZD dipped to 0.6485 yesterday (23 May) before rebounding strongly to end the day higher by +0.36% at 0.6519 (largest 1-day gain in 3 weeks). The price action is not surprising as we indicated on Wednesday (22 May) that “NZD could continue to edge lower but 0.6465 is expected to offer solid support”. The combination of waning momentum and oversold conditions suggests the ‘negative phase’ that started earlier this month is close to completion. In other words NZD could be close to making a short-term bottom even though confirmation is only upon a move above the 0.6560 ‘key resistance’ (no change in level). From here, unless NZD can ‘punch’ below 0.6485 within these 1 to 2 days, a breach of 0.6560 would not be surprising. Looking ahead, a move above 0.6560 would indicate that NZD has moved into a ‘sideway-trading phase’.

USD/JPY:

24-HOUR VIEW: USD could dip below the strong 109.40 support but last week’s low near 109.00 is unlikely to come under threat. While we highlighted yesterday “upward pressure has dissipated”, we expected USD to “trade sideways within a 110.00/110.50 range”. The ease of which USD cracked 110.00 and the subsequent plunge to 109.45 came as a surprise. The sharp decline is running too fast, too soon but the weakness is not showing sign of stabilizing just yet. From here, barring a move above 110.00 (minor resistance at 109.75), USD could dip below the strong 109.40 support but last week’s low near 109.00 is unlikely to come under threat.

1-3 WEEKS VIEW: USD has moved into a sideway-trading phase. We have held the same view since Tuesday (21 May, spot at 110.05) that USD has “moved into a sideway-trading phase”. USD subsequently came close to the top of our expected 109.40/110.80 sideway-trading range (high of 110.67) before diving yesterday to an overnight low of 109.45, just above the bottom of our expected range. For now, there is no change to our view but we are not ruling out a dip below 109.40. That said, only a break of 109.00 would indicate that the current ‘sideway-trading’ phase has morphed into a ‘negative’ one.

Source: efxdata

EUR/USD:

24-HOUR VIEW: Rebound in EUR has scope to extend but 1.1210 is expected to offer solid resistance. Expectation for EUR to trade sideways was incorrect as it dived to 1.1106 before rebounding strongly. While the rapid recovery appears to be running ahead of itself, there is scope for it to extend higher. That said, any further advance in EUR is expected to face solid resistance at 1.1210 (next resistance is at 1.1230). On the downside, 1.1130 is likely strong enough to hold any intraday pull-back (minor support is at 1.1160).

1-3 WEEKS VIEW: EUR is likely to trade sideways. While we indicated yesterday (23 May, spot at 1.1155) that the “risk of a break of 1.1130 has increased”, we were of the view “it is too soon to expect EUR to crack last month’s low at 1.1110”. Expectation for a “break of 1.1130” was correct but the move below 1.1110 (low of 1.1106) and the subsequent sharp rebound that hit an overnight high of 1.1187 came as a surprise (the 81-pips range registered yesterday is the largest 1-day range in a month). The price action yesterday has clouded the outlook even though the manner of which EUR rebounded ahead of 1.1000 suggests we may have seen a short-term bottom at 1.1106. That said, it is premature to expect a sustained rebound. For the next couple of weeks, EUR is more likely to consolidate and trade sideways, likely within a 1.1130/1.1230 range.

GBP/USD:

24-HOUR VIEW: Short-term bottom in place, GBP is expected to trade sideways to slightly higher, likely within a 1.2630/1.2710 range. Yesterday, we expected GBP to “retest the 1.2625 level but oversold conditions suggest a drop below 1.2600 is unlikely”. In line with expectation, GBP touched 1.2605 before staging a surprisingly robust recovery (NY close of 1.2657). The combination of oversold conditions and dissipating downward momentum suggests 1.2605 is likely a short-term bottom (GBP is not expected to move below this level for today). That said, it is too soon to expect an extended recovery. GBP is more likely to consolidate and trade sideways to slightly higher, likely within a 1.2630/1.2710 range.

1-3 WEEKS VIEW: Weakness is severely oversold but 1.2600 is beckoning. There is not much to add to the update from yesterday (see reproduced update below). GBP came very close to 1.2600 as it touched 1.2605 before staging a robust recovery. After yesterday’s price action, the beckoning call of 1.2600 has softened.While we indicated on Tuesday (21 May, spot at 1.2735) that the “focus is at 1.2670”, we were of the view “oversold conditions suggest the prospect for further extension to the next support at 1.2630 is not high”. However, GBP extended its decline as it plummeted to 1.2625 during NY hours before recovering. Despite the relatively large drop, we still have doubts on whether the current ‘negative phase’ that started in mid-April (see annotations in chart below) could extend further. From here, the next support is at 1.2600 but once below this level, the next significant support is another 100 pips lower at 1.2500. On the upside, only a move above 1.2760 (‘key resistance’ previously at 1.2840) would indicate that the ‘negative phase’ has ended. Meanwhile, the round number support of 1.2600 is beckoning.

AUD/USD:

24-HOUR VIEW: Room for AUD to advance but lackluster momentum suggests any up-move could be limited to 0.6925. AUD traded between 0.6865 and 0.6900 yesterday, right within our expected range of 0.6865/0.6900. The firm daily closing in NY (0.6899) suggests there is room for AUD to advance from here. That said, lackluster momentum indicates that any up-move is likely limited to a test of 0.6925. The next resistance at 0.6945 is a solid level and is unlikely to be challenged. Support is at 0.6885 followed by the 0.6865 low. The latter level is acting as a very strong support now.

1-3 WEEKS VIEW: Prospect for a move to 0.6835 has diminished. There is no change to our latest narrative from Tuesday (21 May, spot at 0.6925) wherein the “prospect for a move to 0.6835 has diminished”. We added on Wednesday (22 May), “AUD has to ‘punch’ below last week’s 0.6865 low and accelerate lower or the risk of a short-term bottom would increase quickly”. It is worth noting that AUD touched 0.6865 yesterday (23 May) before rebounding strongly. While it appears increasingly likely that the ‘negative phase’ in AUD that started in late April (see annotations in chart below) is close to ending, confirmation of a short-term bottom is only upon a move above the ‘key resistance’ at 0.6945 (no change in level).

NZD/USD:

24-HOUR VIEW: Further up-move would not be surprising but a move beyond 0.6545 appears unlikely. Expectation for NZD to “drift lower to 0.6465” did not materialize as it rebounded strongly after touching 0.6482. The rapid rise is running ahead of itself and while further up-move would not be surprising, a move beyond 0.6545 appears unlikely (there is another strong resistance at 0.6560). On the downside, the 0.6482 low is not expected to come into the picture (minor support is at 0.6505).

1-3 WEEKS VIEW: NZD could be close to making a short-term bottom. NZD dipped to 0.6485 yesterday (23 May) before rebounding strongly to end the day higher by +0.36% at 0.6519 (largest 1-day gain in 3 weeks). The price action is not surprising as we indicated on Wednesday (22 May) that “NZD could continue to edge lower but 0.6465 is expected to offer solid support”. The combination of waning momentum and oversold conditions suggests the ‘negative phase’ that started earlier this month is close to completion. In other words NZD could be close to making a short-term bottom even though confirmation is only upon a move above the 0.6560 ‘key resistance’ (no change in level). From here, unless NZD can ‘punch’ below 0.6485 within these 1 to 2 days, a breach of 0.6560 would not be surprising. Looking ahead, a move above 0.6560 would indicate that NZD has moved into a ‘sideway-trading phase’.

USD/JPY:

24-HOUR VIEW: USD could dip below the strong 109.40 support but last week’s low near 109.00 is unlikely to come under threat. While we highlighted yesterday “upward pressure has dissipated”, we expected USD to “trade sideways within a 110.00/110.50 range”. The ease of which USD cracked 110.00 and the subsequent plunge to 109.45 came as a surprise. The sharp decline is running too fast, too soon but the weakness is not showing sign of stabilizing just yet. From here, barring a move above 110.00 (minor resistance at 109.75), USD could dip below the strong 109.40 support but last week’s low near 109.00 is unlikely to come under threat.

1-3 WEEKS VIEW: USD has moved into a sideway-trading phase. We have held the same view since Tuesday (21 May, spot at 110.05) that USD has “moved into a sideway-trading phase”. USD subsequently came close to the top of our expected 109.40/110.80 sideway-trading range (high of 110.67) before diving yesterday to an overnight low of 109.45, just above the bottom of our expected range. For now, there is no change to our view but we are not ruling out a dip below 109.40. That said, only a break of 109.00 would indicate that the current ‘sideway-trading’ phase has morphed into a ‘negative’ one.

Source: efxdata

lastest Articles

Market Analysis
Gold climbs to weekly tops, around $1338 level
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 13.06.2019
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
UK PM Candidate Javid: My absolute priority is to deliver a Brexit deal
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
US: Damage already done from the Mexico tariff threat? – ABN AMRO
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY -12.06.2019
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Preview: Draghi’s speech at ECB conference on CESEE in Frankfurt
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
OPEC+ and global supply risks to put a floor in crude markets - TDS
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold slips to 1-week low, below $1325 level amid fading safe-haven demand
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
FOREX Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY -11.06.2019
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Obsessed
This Time It's Different
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EU Commissioner Moscovici: EU still has risks to monitor, including Brexit and Italy’s finances
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold drops to multi-day lows, around $1325 level
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 10.06.2019
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/CAD Canadian Dollar Higher After US and Canadian Jobs Report
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
ECB's Vasiliauskas: Inflation outlook is 'not bad'
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
BOJ: Expect further easing in September – JP Morgan
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD flirting with daily lows near 1.1260
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
ECB and Eurozone GDP amongst market movers today – Danske Bank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD: Downtrend eroded? - Commerzbank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
FOMC: July meeting priced in for 21bps of cuts – Deutsche Bank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD firmer, approaches 1.1300 ahead of US ADP
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
ECB: Tweak in policy rate forward guidance?
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD: Further selling? – Danske Bank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold jumps to over 3-month tops, around $1330 area
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/GBP could move towards 0.9 – Danske Bank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Market Death by Tariffs; Safe-Havens Reign Supreme
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD holds steady near 1.1135 amid falling German yields
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 31.05.2019
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold technical analysis: Bulls challenge 100-hour SMA/38.2% Fibo. confluence resistance
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
BoE's Ramsden: Little more pessimistic about the GDP growth that the latest BoE forecasts
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 30.05.2019
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/JPY climbs to 1-week tops, 110.00 mark back on sight
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD Technical Analysis: Rising bets for another test of 2019 lows near 1.1100
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 29.05.2019
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold rallies to session tops, around $1285 level amid reviving safe-haven demand
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD remains under pressure around 1.1180
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 28.05.2019
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/JPY treads water near 109.50 amid negative Treasury yields
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/JPY technical analysis: Hangs near multi-month lows, bears eyeing a break below mid-138.00s
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/CAD ticks higher to mid-1.3400s amid weaker Oil prices
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD unable to gather traction above 1.1200
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
May’s Resignation means Brexit is Back to Square One
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 24.05.2019
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD clings to modest recovery gains, 1.2700 mark back on sight post-UK data
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD Technical Analysis: Interim resistance emerges at the 55-day SMA at 1.1236
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold in search of a firm direction, holds steady near $1275 area
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD remains under pressure near 1.1150 post-German GDP
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 22.05.2019
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
FOMC Minutes to portray a cautious tone
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD technical analysis: Hammered down to 4-1/2 lows, vulnerable to test 1.2600 mark
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY -21.02.2019
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
RBA: Rate cut in June and August?
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD resumes the downside near 1.1150 ahead of ECB, data
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
ECB's de Cos: European financial system remains fragile
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/JPY remains sidelined below the 123.00 handle
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD seen at 1.15 in 6-month – Danske Bank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/CAD Canadian Dollar Lower Despite Reaching Tariff Agreement With US
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 17.05.2019
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold drops to session lows, retreats further below $1300 mark
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD: Short-term consolidation?
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
JPY futures: room for further depreciation
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/TRY edging higher, approaches the 6.10 area
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
AUD/USD technical analysis: Bears flirting with 1-week old descending trend-channel support
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 14.05.2019
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD keeps the red below mid-1.2900s, 2-week lows post-UK jobs data
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD Technical Analysis: Recent tops and the 55-day SMA keeps limiting extra gains
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD: Balance of risks still favour 1.10 in 2Q19
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY -13.05.2019
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
BoE's Broadbent: Doesn't know which way rates would go in case of a messy no-deal Brexit
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Dollar falls as the US-China trade war intensifies
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 10.05.2019
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Central Banks: Space to deliver more easing, if required – Standard Chartered
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/JPY fails to extend attempted recovery beyond 110.00 mark
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 09.05.2019
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
AUD finds little relief in RBA steady hand
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/JPY Technical Analysis: Door open for extra losses to 128.40
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
US Dollar Index probes daily tops near 97.60
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold eases from near 2-week tops, focus remains on US-China trade talks
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/JPY in search of a firm direction, stuck in a range below 111.00 mark
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD Technical Analysis: Near term bearish below the 55-day SMA at 1.1268
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Australia: Lowest real retail growth since 2012
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 06.05.2019
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD: Short term downtrend eroded - Commerzbank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Dollar softens on wage focus; RBA and RBNZ easing eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 03.05.2019
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD: Techs lean bearish ahead of US non-farm payrolls
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Asia: Material improvement in external positions
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold Technical Analysis: Falls to over 1-week lows, further slide to $1260 area now looks a distinct possibility
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY -02.05.2019
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Dollar rally stalls ahead of FOMC, NFP, Trade Talks, and Earnings
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Big Earnings, Rate Decisions and US GDP once markets return from holiday
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
AUD/USD inches higher to 0.7160, but lacks follow-through
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/JPY frozen near 111.90 ahead of US housing data
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Yen ignores BOJ operation, Good Friday quiet trading to extend
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD consolidates the slide near 1.1250, US retail sales eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY-18.04.2019
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Company News
Easter Trading Schedule
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD is holding steady
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD: Recovery towards 1.3100 on its way ahead of UK CPI
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
FX Today: Antipodeans rescued by strong China data; focus on UK/ Eurozone CPI
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613