EUR/GBP Poised For A Rebound After 440 Pips Decline
Short-term technical outlook on EUR/GBP Key Levels (1 to 3 days) – advertisement – Pivot (key support): 0.8615 Resistances: 0.8695 & 0.8790/8810 Next support: 0.8550/8470 (key medium-term pivot) Directional Bias (1 to 3 days) The EUR/GBP cross pair is now...
Euro Waiting on Brexit, ECB Meeting, and PMIs
Once again the major fx markets are relatively subdued today as we wait and see if there is going to be a Brexit vote by Parliament in the UK today. If the vote passes today, the most likely overcome for...
AUD/USD Outlook: Bulls Face Strong Headwinds And See Risk Of Pullback
The Australian dollar eases on Tuesday after double failure at daily cloud top (0.6879) which could be initial signal that bulls are exhausted, as overbought daily stochastic and fading bullish momentum add to negative signals. On the other side, optimistic...
GBP/USD Following Massive Uptrend, Brexit Deadline Looms
Key Highlights In the past few days, GBP/USD rallied above the 1.2750 and 1.2950 resistance levels. A crucial ascending channel is forming with support at 1.2940 on the 4-hours chart. The People´s Bank of China kept the interest rate at...
Precious Metals Update: Silver Breaking Out
While gold continues to frustrate the bulls and the bears alike, with its ongoing consolidation and false break out and break down attempts, silver is taking its lead from copper and palladium as it tries to break higher today. Gold...
AUD/USD Outlook: Extended Bulls Crack Daily Cloud Top And Look For Further Advance As Trade Tensions Ease
The Australian dollar hit five-week high on Monday as strong rally extends into fourth straight day and broke above 100DMA (0.6858), to crack daily cloud top (0.6879). Bulls eye another strong barrier at 0.6894 (12 Sep high), with sustained break...
EURUSD More Price Strength Envisaged
EURUSD with the pair retaining its recovery threats after closing higher the past week, more gain is expected. Support comes in at the 1.1100 where a break will turn risk to the 1.1050 level. A breach below here will target...
Weekly COT Report: Yen Traders Flip To Net-Short
As of Tuesday 15th October: Traders increased net-long exposure on USD by $2.1 billion to $20.4 billion, their most bullish stance in 17 weeks (up $2.1 billion to $23.3 billion against G10) Large speculators flipped to net short on the...
Mind the Gap after Brexit Vote
According to Investopedia, “a gap is an area of a chart where a security’s price either rises or falls from the previous day’s close with no trading occurring in between.” Let’s look at the logic behind this: traders don’t perceive...
XAU/USD Squeezed By Moving Averages
On Thursday, the XAU/USD exchange rate reversed south from the upper boundary of the medium-term descending channel at 1,497.30. During today’s morning, the rate was testing the support formed by the 55- and 100-hour SMAs at 1,489.29. From a theoretical...
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