Technical analysis of EUR/USD for Mar 23, 2017

When the European market opens, some Economic Data will be released, such as Consumer Confidence, Belgian NBB Business Climate, ECB Economic Bulletin, and GfK German Consumer Climate. The US will release the Economic Data, too, such as Natural Gas Storage, New Home Sales, and Unemployment Claims, so, amid the reports, EUR/USD will move in a Read more about Technical analysis of EUR/USD for Mar 23, 2017[…]






Technical analysis of USD/JPY for Mar 23, 2017

In Asia, today Japan will not release any Economic Data, but the US will release some Economic Data, such as Natural Gas Storage, New Home Sales, and Unemployment Claims. So, there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 112.03. Resistance. 2: 111.81. Read more about Technical analysis of USD/JPY for Mar 23, 2017[…]






Daily analysis of major pairs for March 23, 2017

EUR/USD: This currency trading instrument has been going upwards since the beginning of this week; in continuation of the bullishness that began last week. The price is currently active around the support line at 1.0800. It has tested it several times and it is bent on moving above it, going towards the resistance lines at Read more about Daily analysis of major pairs for March 23, 2017[…]






Daily analysis of USDX for March 23, 2017

The index isn’t having volatile action and it’s headed to test the 100.15 level, as the 200 SMA is approaching that territory. The overall structure remains bearish and as long as USDX continues to consolidate below the 100.00 handle, further declines toward 99.26 are expected to happen in the near-term. H1 chart’s resistance levels: 100.15 Read more about Daily analysis of USDX for March 23, 2017[…]






Daily analysis of GBP/USD for March 23, 2017

The pair continues to follow the upside bias above the 1.2400 handle across the board, as the resistance zone of 1.2512 still provides a nice barrier to cap further gains. However, if GBP/USD breaks below 1.2391, then it can plunge to test the 1.2292 level, which is below the 200 SMA at H1 chart. MACD Read more about Daily analysis of GBP/USD for March 23, 2017[…]






NZD/USD Intraday technical levels and trading recommendations for March 22, 2017

The NZD/USD pair was trapped within the depicted price range (0.6860-0.6990) until a bullish breakout occurred. A bullish breakout above 0.6960-0.7000 allowed the pair to head toward the price level of 0.7100 (the key level) which failed to provide sufficient bearish pressure on the pair. Bullish persistence above 0.7100 allowed further advance toward 0.7250-0.7350 (Sell-Zone) Read more about NZD/USD Intraday technical levels and trading recommendations for March 22, 2017[…]






USD/CAD intraday technical levels and trading recommendations for March 22, 2017

Since April 2016, the USD/CAD pair has been trending upward within the depicted ascending channel. In December 2016, a bullish breakout above 1.3300 (50% Fibonacci level) was expected to allow a further advance toward 1.3700-1.3750 (the upper limit of the depicted channel). However, significant bearish rejection was expressed around 1.3580 (recently established top). During the Read more about USD/CAD intraday technical levels and trading recommendations for March 22, 2017[…]






Daily analysis of major pairs for March 22, 2017

EUR/USD: This currency trading instrument has been going upwards since the beginning of this week; in continuation of the bullishness that began last week. Price is currently above the support line at 1.0800, going towards the resistance lines at 1.0850 and 1.0900. Since the initial targets for this week have already been exceeded, the aforementioned Read more about Daily analysis of major pairs for March 22, 2017[…]






Daily analysis of GBP/USD for March 22, 2017

GBP/USD is following the overall bullish bias across the board with a consolidation above the 200 SMA on the H1 chart. If the pair manages to break above 1.2512, then it can test the 1.2570 level, as the Cable is strengthening its structure in the short term. On the other side, if the Cable plunges Read more about Daily analysis of GBP/USD for March 22, 2017[…]