Forex Market Analysis EUR/USD dropped to 1.1830 last week and recovered a bit. Euro – resistance at 1.2070+_ only closed above this level will confirm more up moves while failing to hold above this level will bring for more down moves to 1.1670+_ In the long term, the chance of long-term bullish reversal is going down as long as the…
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…
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…
USD/JPY Price Technical Analysis Forecast USD/JPY strengthens last week due to a good NFP report, In addition, knowing the possibility of holding talks and meeting the President of the United States with the North Korean ruler, that news are reducing tension and negative pressure on the jpyBut the trend is still bearish, USD jpy stay below 109.60+_ resistance. Considering bullish…
EUR/USD Price Technical Analysis Forecast Update EUR/USD failed to stay above 1.085, closed last week at 1.0564. Break down 1.050 will target 1.0460 key support zone, break of 1.0461 will confirm the bearish case will continueECB stepped up to the plate on Thursday, at the same time prepared the markets for a tapering of bond purchases by embedding the decline…
AUD/USD Price Technical Analysis The Australian dollar couldn’t have managed to stay above 0.77 we could see the resistance line and bands at this area .it wasn’t bullish breakout, Since August aud/usd has been trading in a relatively narrow corridor between 0.7460 and 0.7750.We can see in charts the resistance line since 2000, the aud/usd broke this line, and can’t…
Turkish lira (USD/TRY) Technical Analysis Turkish lira down tonight to a new record low, what the next move? I wrote here all this scenario from the beginning Turkish Lira Usdtry taking decline in the past year to almost 10 per cent, now after we saw the Hugh spike this night after the us elections ,we need to be more focus…
GBP/USD The Never Ending Story ,Or….. Well for all my readers its was written on my wall ,now after “Fat Finger” on the gbpusd tonight ,im going out from my short position The all story since the brexit and even before noted here before. GBP/USD fall from 1.3444 extended last week and initial bias is on the downside for 1.2865 support.for the…