The long held view of upside into the end of Dec, back to the Oct high at 1.3830 (and even above), continues to play out and with lots of positives still seen. Note that technicals remain bullish (see buy mode on the daily macd at bottom of chart below), the
EUR/USD Today’s support: – 1.3723, 1.3702 and 1.3680(main), where correction is possible. Break would give 1.3657, where correction also may be. Then follows 1.3635. Break of the latter would result in 1.3613. If a strong impulse, we would see 1.3590.
The EURUSD didn’t make significant movement yesterday but overall still able to maintain its bullish bias. The bias remains bullish in nearest term testing 1.3850. Immediate support is seen around 1.3740. A clear break below that area could lead price to neutral zone in nearest term testing 1.3700 or lower
The Reserve Bank of New Zealand is expected to leave interest rates alone at its final monetary policy meeting of the year. The RBNZ hasn’t moved the official cash rate since March 2011 but that is expected to change in the first half of next year as the bank attempts
Dollar has managed to recoup some of its loss from its lows as Euro (1.3752) is showing some hesitation after reaching to the sniffing distance of the old major resistance zone of 1.3850 and Yen (102.80) retreating from the strong supply zone of 103.55-75 once again.
The rally extended to 2 points above 1.6463 followed by the correction to the low end of the 1.6420-40 support. From there a rally has developed to 1.3457 and should now see a correction and I suspect to around 1.6434. This should allow one final rally to either 1.6485 or
There are various scenarios possible for the EURUSD: the uptrend could either be corrective (magenta) for more downside, corrective for more upside (blue) or might be part of a wave 1-2 start (green).
The memorial service for Nelson Mandela has seen an outpouring of emotional and tributes per-haps unrivalled since the assassination of U.S. President John F. Kennedy 50 years ago, ahead of a week of public events in South Africa that has already seen U.S. President Barack Obama deliver a moving and
NZD/USD continues to rise in line with the following trade opportunity alert that was generated by Autochartist for this currency pair last Friday. At the time this alert was generated the price was expected to break the upper resistance trendline of the daily Down Channel that was earlier identified by
Machine Order in Japan rebounded during October’s reading, where the increased led by orders for personal computers and communications machines from the finance and insurance sector as well as those for construction and transportation machinery from builders.
Japanese ruling party plans to lower the maximum deductible sales tax amount on high-income salaries within two stages, which could help low-income earners.
The ASX 200 has lost over 4.5% of its value in the last month, making it one of the worst performing major equity markets in the world over that period. The index is now testing a key support zone and a break here could see it make a push for
Precious metals came to life today after gold prices spiked higher at lunchtime. It came after a large number of gold future contracts traded in one second just before 13:08 GMT (08:08 ET). That sent prices soaring by $10 and triggered circuit breakers which halted trading for 10 seconds. Given
Not the best night on global stock markets and a downright terrible night for the ASX with the SPI 200 continuing the very weak close we saw yesterday afternoon. It seems that with just a few trading days until the FOMC decision next week that the short term topside momentum
Last Friday’s reaction to the NFP showed a failed bearish attempt in EUR/USD, which was followed by bullish continuation. This week, the market continued higher, and after consolidating to start the European session, the pair started to rally again during the US session. Price action is riding the 20 and