markets technical analysis forecast update Last week we saw strong movements in the indices, starting with declines at the beginning of the week, which intensified on Thursday when the Dow Jones reached 23500 points. But that day the index reversed and returned strongly to the upside, which continued to close the trading weekend on Friday after the release of unemployment…
USD CAD PRICE TRADE IDEA Canadian dollar made some recover moves due Dollar Index broke above the key 92.00 level, the biggest spike since Dec 2016 – to its highest level since mid-January. With net speculative positioning at extreme shortsSome of the pairs in the forex market are facing critical junction points for a further move against the dollar in…
EUR USD TECHNICAL ANALYSIS FORECAST EUR/USD dropped since February last record sharply below 1.21 last week.Only strong break down of 1.1960 key support confirmed medium term topping.The upside of recovery should be broken up by 1.2340 resistance to bring another record.break down Below last lows last week 1.2054 will target 1.1960.The ECB will need to inform the markets by June–July…
FOREX MARKET TECHNICAL ANALYSIS FORECAST Forex market Step Forward Two Back Scubido”Dollar Index broke above the key 90.00 level, the biggest spike since Dec 2016 – to its highest level since mid-January. With net speculative positioning at extreme shortsSome of the pairs in the forex market are facing critical junction points for a further move against the dollar in the world.I…
FOREX MARKET TECHNICAL ANALYSIS EUR USD ANALYSIS EUR/USD traded narrow strip since JanuaryFailed to take out 1.2560 resistance and retreated, break up again on daily basis 1.2560 price level will confirm medium term rally resumption and target next key Fibonacci level at 1.2860However, sustained price below will extend the consolidation pattern from 1.2091 with another decline through 1.1760 support.It’s still…
GBP USD TECHNICAL ANALYSIS GBP USD jumps sharply above the last record on 25.1.2018 barrier boosted by expectations that the Bank of England will raise interest rates and positive vibes from Brexit negotiations Technical analysis:Long-term chart is showing to us that As long as GBP USD will stay above 1.360+_ Key support the trend is up, the medium-term outlook in…
Turkish lira Analysis News When the blood flows through the streets, it is time to check the arteries and veins The Turkish lira collapses to an all-time high – we have seen it over the years – until when? Turkey’s lira sank to fresh record lows against the dollar today Turkish lira hit an all-time low of 4.1520 against the…
USD CAD TECHNICAL ANALYSIS Trump is pushing for a NAFTA deal as early as next week, the NAFTA renegotiation fears are dying down, it’s also reported that in the latest US proposal regarding the car, parts are grouped into five categories. In addition, some of which could have a lower requirement for North American contents or none at all, expect…
EUR USD TECHNICAL ANALYSIS FORECAST EURUSD is currently stranded between two strong barriers 1.2070-1.2560, the US Dollar might still be weakened by US-China trade tensions that could actually put additional upward pressure on the Euro, but don’t forget that we have this week non-farm payroll data us, this event could cause large movements on forexYou can clearly see the long…
Turkish lira analysis forecast A lot happens with Turkish lira last month, Turkish lira weakness against us dollar to a new record above 4 and drop at the end of the month – last day to 3.96+_ below 4, the economy is vulnerable to external shocks since it relies on foreign capital inflows to finance its current account deficit.Erdogan has clearly…