EURJPY Analysis: Falling Wedge Pattern
Downside risks dominated the EUR/JPY currency pair on Thursday. The common European currency ended Thursday’s session with about 58 points declined against the Japanese Yen. The exchange rate is trading near the bottom boundary of a falling wedge pattern and...
AUDUSD Analysis: Descending Channel Likely To Prevail
The Australian Dollar has continued to trade in a descending channel against the US Dollar. The currency pair tested the lower boundary of the channel pattern at 0.7020 during the Asian session on Friday. Everything being equal, it is likely...
GBPUSD Outlook: Bears Resume after Brief Pause
Cable accelerated to new seven-week low after broader bears ended narrow recovery during Asian/European trading, with fresh weakness of Euro, pulling sterling lower. Also, the greenback was higher across the board on strong Wall St start on Thursday, adding to...
EURUSD Outlook: The Euro Extends Weakness after Unchanged ECB/Draghi
The Euro dipped to new nine-week low at 1.1370, maintaining strong bearish bias and lacking stronger excitement as unchanged ECB was in line with expectations and balanced comments of President Mario Draghi offered nothing new. The single currency accelerated lower...
NZDUSD Holds Steady Below Downtrend Line In Near Term
NZD USD has been flattening today after the strong rebound on the 0.6500 psychological level earlier in the day. The pair remains under selling pressure as it still stands below the short-term moving averages and beneath the near-term falling trend...
AUDUSD Outlook: Bears Could Be Further Delayed While 0.7055 Support Holds
The Aussie dollar bounces after repeated rejection at strong 0.7055 support today, as downside attempts in past two days stalled here. (if you want to make money in the financial market use our forex signal robot) Momentum broke into positive...
Gold Remains Supported as Yields and Stocks Struggle
Thanks to a pullback in bond yields and an equity market sell-off, yesterday saw gold climbed to its best level since July to reach a critical resistance level around $1238-40. The metal is now up for the fourth consecutive week...
USDCAD Outlook: Loonie Rallies after BoC Raised Interest Rates and Signaled Further Hikes
The USD CAD dipped below 1.30 support in over a hundred-pips fall after Bank of Canada raised interest rates by25 basis points to 1.75%, in line with expectations. The BoC also said that more rate hikes would be needed to...
BOC Rate Hike Looms But How Will CAD React?
The Bank of Canada is due to increase interest rates to 1.75% at the conclusion of its meeting today. This will be an easy decision thanks to an improving economy and the fact that Canada finally secured a trade deal...
Daily Forecast: EURUSD, GBPUSD, USDJPY, USDCHF
EURUSD Forecast The EUR USD was indecisive yesterday. The bias is neutral in nearest term. Overall price is still in a bearish phase after printed two important bearish pin bars at the EMA 200 and 1.1610/20 resistance area as you...
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