Archive for Technical Analysis – Page 2

Forex Technical Analysis & Forecast 08.12.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

Article By RoboForex.com EUR USD, “Euro vs US Dollar” The EUR/USD pair has formed the consolidation range around 1.1792 and right now is trading to break it downwards. Possibly, the price may reach the local target at 1.1723 and then form another consolidation range. If later the instrument breaks this range to the upside, the […]

EURUSD: euro falling under pressure from the crosses

By Gabriel Ojimadu, Alpari Previous: On Thursday the 7th of December, trading on the euro/dollar pair closed down. The euro hit a low of 1.1776 on the back of a decline on the euro/pound cross. The GBPUSD pair dropped to the 1.3320 mark before mounting a 165-pip recovery to reach 1.3485. As the pound’s surge gained […]

November payrolls to set the tone for the markets

By Orbex Blog Daily Forex Market Preview, 08/12/2017 The U.S. dollar was seen strengthening off the back of investor optimism, due to the fact that the tax benefits could help boost the economy. The U.S. dollar index rose to a one-month high ahead of the payrolls report that is due to be released later today. […]

GBP/USD Bullish Momentum aims for 1.3563 as the First Target

By Admiral Markets The GBP/USD is enjoying positive momentum, and bullish trend after Foster negotiated border issue with UK PM May through the early hours. It looks like the GBP/USD is aiming for the 1.3550-63 zone. Close above 1.3565 is needed for the continuation of the bullish trend towards 1.3640. Don’t forget that today NFP […]

GBPUSD Failed To Break Below Trend Line Support

The GBPUSD pair failed in it attempt to break below the bullish support trend line on the 4-hour chart and rebounded strongly from 1.3319, suggesting that the pair remains in the uptrend from 1.3039. As long as the price is above the trend line, the price action from 1.3549 could be treated as consolidation of […]

Pound jumps on EU commissioner comments

Article by ForexTime The UK government continues to find itself under pressure as of late as the Brexit debacle continues and the ability to start trade talks becomes all the more stretched. The market was buoyed this afternoon though by the EU commissioner saying that talks were positive and making progress. It’s unlikely though that […]

Sterling struggles to keep afloat; Gold tumbles

Article by ForexTime This is certainly shaping up to be a painful trading week for the British Pound, as fears mount over the lack of progress in Brexit talks. The lingering disappointment from Prime Minister Theresa May’s failure to secure a Brexit deal on Monday, is still reflected in Sterling’s depressed price action today. With […]

USD Index: Forex Technical Analysis – Rate hike expectations support USDIDX

By IFCMarkets Rate hike expectations support USDIDX Healthy economic growth and rate hike expectations support US dollar. Will the USDIDX continue advancing? The US economic growth accelerated to 3.3% in the Q3 from 3.1% in second quarter. And Senate passed its tax overhaul bill last Saturday. While Senate version of the tax bill differs from […]

Ichimoku Cloud Analysis 07.12.2017 (AUD/USD, NZD/USD, USD/CAD)

Article By RoboForex.com AUD USD, “Australian Dollar vs US Dollar” The AUD/USD pair is trading at 0.7540; the instrument is still moving below Ichimoku Cloud, which means that may continue falling. We should expect the price to test Tenkan-Sen and Kijun-Sen at 0.7560 and then continue moving downwards to reach 0.7470. However, the scenario that […]

Japanese Candlesticks Analysis 07.12.2017 (EUR/USD, USD/JPY)

Article By RoboForex.com EUR USD, “Euro vs. US Dollar” After reaching the support level, the EUR/USD pair has formed several Hammer and Inverted Hammer patterns. These reversal patterns are very unlikely to make the price reverse. However, they may result is a slight correction, which may later be followed by a further decline towards the […]

EURUSD: buyers edging towards the 135th degree

By Gabriel Ojimadu, Alpari Previous: On Wednesday the 6th of December, trading on the euro/dollar closed down. The greenback made gains against most of the majors after significant progress was made in Congress regarding tax reform. Senate Republicans have agreed to talks with the House of Representatives to discuss the new legislation. Markets expect the two […]

MultiBank Obtains BaFin License and Expands Its Business through Acquisition and Aggressive Growth

By Mexgroup.com December 5, 2017 (Hong Kong) – MultiBank Exchange Group (“MultiBank Group”) announced today that is has secured the German Financial Regulator’s approval to acquire 100% shares of MEX Asset Management GmbH and is now in the process of establishing its European headquarters in Frankfurt, Germany. The new European headquarter of MultiBank Group in […]

Fibonacci Retracements Analysis 06.12.2017 (GBP/USD, EUR/JPY)

Article By RoboForex.com GBP USD, “Great Britain Pound vs US Dollar” As we can see at the H4 chart, the GBP/USD pair is being corrected to the downside and has already reached the retracement of 38.2%. The closest downside targets are the retracements of 50.0% and 61.8% at 1.3305 and 1.3249 respectively. However, if we’re […]

Ichimoku Cloud Analysis 06.12.2017 (AUD/USD, NZD/USD, USD/CAD)

Article By RoboForex.com AUD USD, “Australian Dollar vs US Dollar” The AUD/USD pair is trading at 0.7576; the instrument is still moving below Ichimoku Cloud, which means that may continue falling. We should expect the price to test the broken border of the loud at 0.7585 and then continue moving downwards to reach 0.7510. However, […]

EURUSD: sitting below the trend line

By Gabriel Ojimadu, Alpari Previous: On Tuesday the 5th of December, trading on the euro/dollar pair closed down. I still can’t understand why the euro dropped from 1.1874 to 1.1801 against the dollar. At the time, US bond yields were trading down. This drop gathered pace during the US session. The US’s services PMI for November […]

U.S. dollar maintains gains for a second day

By Orbex Blog Daily Forex Market Preview, 06/12/2017 The U.S. dollar was seen strengthening for a second day fueled by the optimism from the tax cuts. The dollar maintained gains despite the ISM’s non-manufacturing PMI coming out weaker than expected. Non-manufacturing activity was seen falling to 57.4 in November which was below forecasts and weaker […]