AUD/USD above strong support, time to buy

Price is testing major support at 0.7567 (Fibonacci retracement, horizontal overlap support) and we expect to see a bounce above this level to at least 0.7632 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (21,5,3) is seeing strong support above our 5.8% level and we expect price to bounce up as stochastic approaches this level. Read more about AUD/USD above strong support, time to buy[…]






AUD/JPY profit target reached again, prepare to sell

Price has shot up and reached our profit target perfectly. We prepare to sell below 84.53 resistance (Fibonacci extension, horizontal swing high resistance) for a push down to at least 83.90 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is seeing strong resistance below 93% where we expect a drop from. Correlation analysis: We’re expecting Read more about AUD/JPY profit target reached again, prepare to sell[…]






Technical analysis of USD/JPY for June 16, 2017

USD/JPY is expected to trade with a bullish bias. The pair is trading above the rising 20-period and 50-period moving averages, which play support roles and maintain the upside bias. The relative strength index is bullish and calls for a further upside. Therefore, as long as 110.70 is not broken, look for a new rise Read more about Technical analysis of USD/JPY for June 16, 2017[…]






Technical analysis of USD/CHF for June 16, 2017

USD/CHF is expected to advance further. The pair is holding on the upside and is trading above the rising 50-period moving average, which plays a support role. The relative strength index is mixed with bullish bias. The downside potential should be limited by the key support at 0.9720. To sum up, as long as this Read more about Technical analysis of USD/CHF for June 16, 2017[…]






Intraday technical levels and trading recommendations for NZD/USD for June 16, 2017

Daily Outlook The NZD/USD pair has been trending-up within the depicted bullish channel since January 2016. In November 2016, early signs of bullish weakness were expressed on the chart when the pair market failed to record a new high above 0.7400. Bearish breakout of the lower limit of the channel took place in December 2016. Read more about Intraday technical levels and trading recommendations for NZD/USD for June 16, 2017[…]






Daily analysis of GBP/JPY for June 15, 2017

Overview The GBP/JPY pair held higher above the support at 138.75. However, the ongoing formation of a barrier by the moving average 55 at 141.70 might support sideways fluctuations in the near-term period. Therefore, we recommend monitoring the price behavior and wait for surpassing one of the mentioned levels to detect the true targets in Read more about Daily analysis of GBP/JPY for June 15, 2017[…]






Technical analysis of USD/JPY for June 14, 2017

As it was predicted in the yesterday analysis, USD/JPY has moved is same direction and both our take profits targets have been hit. USD/JPY is still under pressure and expected to post further losses. The pair broke below the 20-period and 50-period moving averages. In addition, the 20-period moving average is turning down and is Read more about Technical analysis of USD/JPY for June 14, 2017[…]






Fundamental analysis of EUR/GBP for June 14, 2017

EUR/GBP has recently rejected the resistance at 0.8850 in a non-volatile bullish trend. GBP is likely to extend gains on the back of positive CPI report which was published at 2.9% versus the expected level at 2.7%. Along with CPI report, Core CPI, RPI and HPI reports were also positive which provided support to GBP. Read more about Fundamental analysis of EUR/GBP for June 14, 2017[…]






Daily analysis of GBP/JPY for June 13, 2017

Overview The GBP/JPY pair managed to reach 139.00 levels yesterday achieving the previously expected negative target and ending negative trading by facing old support at 138.60. According to the chart, the price forms a positive rebound that might be the beginning of new bullish bias in case this support line remains intact during current trading. Read more about Daily analysis of GBP/JPY for June 13, 2017[…]