UD/USD clings to 0.6930 as politics at EU/UK entertain traders.
Although failure to cross mid-month low questions AUD/USD buyers, the Aussie pair is taking the rounds near 0.6930 during early Monday.
The quote has been on the bids off-late as the soft greenback and positive signals from the EU and the UK politics favored global risk sentiment despite the...
USD/JPY continued its rise yesterday and during today’s Asian session, clearly breaking the 111.40 (S1) resistance level (now turned to support). We could see the pair remaining sensitive to safe have flows, as well as the US employment report later today. Should the bulls maintain control over the pair’s direction we could see it breaking the 112.00 (R1)...
Cable dropped yesterday testing the 1.3175 (S1) support line, yet failing to clearly break it and remaining above it during today’s Asian session.
We could see the pair maintaining a sideways movement, yet Brexit developments along with financial releases, could keep the pound under pressure, providing for some bearish tendencies for the pair today.
Should...
EUR/USD rallied yesterday, breaking the 1.1390 (S1) resistance level (now turned to support) and tested the 1.1430 (R1) resistance line, stabilising during the Asian session below it.
We could see the pair correcting lower today as the RSI indicator is over the reading of 70 in the 4 hour chart, implying a rather overcrowded long position for the pair. Also...
We called this our yesterday, already 200 pips + in profit now.
Today has been the worse day for there German DAX since February 7th (1.6%) where now we will see a decline all the way to the 11,500 region.
USD/JPY maintained a sideways motion yesterday and during the Asian session today, staying close yet above the 111.40 (S1) support line. We expect the pair to retain a bound range motion today, yet the pair could have some bullish tendencies today, should the BoJ governor maintain a dovish tone during his press conference and speech today and should the financial...
Well done if you are still holding the GBP/USD pair, already over 150 pips profit, we have now seen the breakout where we will continue to see the pair decline before we find a correction before the pair goeS back up
The pair has gone up over 500 pips alone in the last 2 - 3 weeks, there is a lot of a volatility especially right now with all the uncertainty Brexit fundamentals.
The pair has reached it's point where we will see a pull back of up to 300 pips taking the pair back to the 1.295 zones.
Brent crude oil futures are holding slightly below the three-month high of 64.80 after the aggressive bullish run above the ascending sloping channel.
Oil has broken it's up trend line and we have seen it now super pass the 56.00 mark, our plan now is to short OIL again, US oil of what we are projecting and forecasting is for OIL to hit rock bottom. We have nice...
Brent crude oil futures are holding slightly below the three-month high of 64.80 after the aggressive bullish run above the ascending sloping channel.
Crude Oil has hit its full support, with a successful up trend broken, we can now expect OIL to go down back to the 53.00 region which will lead and break to the 52.00 region.
