Archive for Technical Analysis – Page 2

GBPUSD remains in the downtrend from 1.3267

GBPUSD remains in the downtrend from 1.3267, the bounce from 1.2841 is likely consolidation of the downtrend. Near term resistance is at top trend line of the price channel on its 4-hour chart. As long as the price is in the channel, the downside movement could be expected to continue and next target would be […]

EUR/USD Still Bought On Dips

By Admiral Markets The EUR/USD has been bought on dips exactly from the zone I showed during Live trading webinar. Major weekly L5 support is still keeping the pair within the bullish range with a potential to break above 1.1790. If the pair drops to POC zone (W L5, D L4, trend line, ATR low) […]

Daily Market Report – USD/CAD bears in action August 18, 2017

By USD/CAD Rejected By Static Resistance USD/CAD slips lower on the daily chart as the bears have taken control again. Price drops as the dollar index failed to close above the 93.81 horizontal resistance, signaling that another drop is favored on the short term. Technically the USD/CAD is expected to decrease further on the […]

Daily Market Report – EUR/JPY Downside Confirmed August 18, 2017

By EUR/JPY On The Way Down EUR/JPY is trading in the red and look too heavy to be stopped on the short term. Has managed to drop below the 128.04 previous low confirming a further drop in the upcoming period. The Yen appreciates versus all its rivals as the Nikkei plunged aggressively in the […]

The White House Rumors And Barcelona Attack Weigh On Market Sentiment 18-8-2017

By Dollar Slips Vs Yen As Risk Sentiment Wobbles. Risk-aversion sentiment pushed gold and the Japanese yen to their highest level since 11 August. The dollar inched lower versus the yen on Friday, hampered by renewed investor concerns over the Trump administration’s ability to push forward its economic policy agenda. The dollar fell 0.2 percent to […]

ECB pours cold water on Euro

Article by ForexTime The Euro has been swinging heavily over the last few days as the markets continue to go through some unpleasant motions. This has been brought on by some schizophrenic USD movements as of late, but also by the EU itself, which had its monthly ECB minutes released today. Overall, it was mostly […]

Daily Market Report – USD/CHF Under Lot Of Bearish Pressure August 18, 2017

By USD/CHF Drops Like A Rock Dropped sharply on Thursday and resumed the Wednesday’s bearish candle as the USDX failed once again to close above the 93.81 static resistance. USDX stays also below a dynamic resistance, signaling a minor drop in the upcoming days. The index dropped despite the mixed US economic data and […]

UK retail sales data fails to pack the punch

Article by ForexTime Sterling bulls were hesitant to make an appearance during Thursday’s trading session, despite U.K retail sales exceeding market estimates by rising 0.3% in July. July sales were largely driven by the biggest increase in food buying in almost two years, which offset a decline in the purchase of other goods. However, in […]

Ichimoku Cloud Analysis 17.08.2017 (AUD/USD, NZD/USD, USD/CAD)

Article By AUD USD, “Australian Dollar vs US Dollar” The AUD/USD pair is trading at 0.7940; the instrument has broken the downside border of Ichimoku Cloud and right now is moving inside it, which means that it is trading sideways. We should expect the price to test the upside border of the cloud at […]

EURUSD: Forex Technical Analysis – Weak economic reports bearish for euro

By IFCMarkets Weak economic reports bearish for euro Expected fall in euro-zone inflation is bearish for euro. Will the euro continue the decline against the greenback? Recent data from euro-zone were weaker than expected, weighing on euro. European Union statistics agency reported on Monday industrial production in the euro-zone fell 0.6% in June compared with […]

Forex Technical Analysis & Forecast 17.08.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

Article By EUR USD, “Euro vs US Dollar” The EUR/USD pair has completed the ascending correctional structure of the previous five-wave descending structure. Possibly, today the price may consolidate at the lows and reach 1.1791. After that, the instrument may form fall towards 1.1731, break it downwards, and then continue falling with the target […]

Daily Market Report – GBP/USD Holding The Minor Gains August 17, 2016

By GBP/USD Needs A Spark Price decreased today and tries to resume the downside movement. Technically was somehow expected to decrease in the upcoming period, but the fundamental factors have taken the lead in the yesterday’s session. Stays much below the 1.3000 psychological level, signaling that the bears are still in the game. GBP/USD […]

EURUSD: correction expected after growth to 1.1816

By Gabriel Ojimadu, Alpari Previous: On Wednesday the 16th of August, trading on the euro closed in the black. The single currency was under intense pressure leading up to the release of the FOMC minutes. It first fell against the dollar after a report from Reuters that ECB president Mario Draghi wasn’t planning any significant monetary […]

US politics continue to drive volatility

Article by ForexTime US political turmoil has been a massive driver for market movements as of late, and even US data has been getting a second look over the current Trump administration antics. Comments from the Trump administration and the closing of the manufacturing council today have once again cast a rather dark shadow on […]

Greenback Weakens On The Back Of FOMC Meeting Minutes

By Orbex Blog Daily Forex Market Preview, 17/08/2017 The US dollar gave up some of the gains on Wednesday following the release of the FOMC meeting minutes. The minutes showed that Fed officials were divided on the course of interest rates. They also raised concerns about the underlying inflation with some members expecting inflation to […]

GBPUSD stays below a falling trend line on the 4-hour chart

GBPUSD stays below a falling trend line on the 4-hour chart. As long as the price is below the trend line, the downtrend from 1.3267 could be expected to continue and next target would be at 1.2750 area. On the upside, the pair is facing the bullish support trend line on the daily chart. As […]