EUR/USD, D1 EUR/USD in an Uptrend (currently in a correction mode) Yesterday, there interest rate remained unchanged and Draghi’s statement didn’t have any major impact on the price either. Currently, we’re observing mild price action retracing toward the immediate short-term support at 1.1098. Scenario 1: As previously dicussed a potential entry point around 1.1098 (after
Browsing category Technical analysis
Calendar time: U.K. time, GMT+1 Technical Commentary for Thursday, June 8 Topic of the Day: All eyes on the U.K. and Europe EUR/USD, D1 Currency pair is in an Uptrend Today we have a crucial number coming out at 12:45 p.m. GMT+1 with the interest rate decision directly linked to the common currency of
Calendar time: U.K. time, GMT+1 Technical Commentary for Wednesday, June 7th EUR/USD, Daily timeframe The euro dollar pair has temporalily stalled around the 1.1265 level. This is quite normal and if you’re already in a long-term trade, you’d just have to wait for the next catalyst to take place and hold the position.
Calendar time: U.K. time, GMT+1 Technical Commentary for Tuesday, June 6th Topic of the Day: Interest Rate Decision for Australia EUR/USD, Daily timeframe Currency pair is in an Uptrend The pair didn’t move much on Monday in terms of Daily price change and is currently at the short –term resistance level at 1.1265 as
Calendar time: U.K. time, GMT+1 Technical Commentary for Monday, June 5th Topic of the Day: U.K. and U.S. to create volatiltity today EUR/USD, H4 Currency pair continues to move in line with the Uptrend The pair closed the week into positive territory and 117 pips ahead of the previous week. The price action shot
Daily Technical commentary 06/01/2017 AUD/USD, Daily timeframe Bias for AUD/USD: Short Price action of the pair moves in line with the forecasted short bias. During the Asian Session, AUD/USD continued to fall and lost 53 pips as of 05: 25 a.m. GMT+1. We’re likely to see price testing 0.7418 at some point during the day.
AUD/USD, Daily time frame Long-term bias for the AUD/USD is short. The pair found a Resistance level at 0.7505 and formed a bearish engulfment on the Daily timeframe. Selling opportunities are present,looking to place a stop loss above the 0.7505 level and targets around Supports, namely, 0.7324 Target 1 and 0.7169 Target 2. If
Monday, May 29th, 2017 Good morning, Traders! Today, we’ll take a look at GBP/NZD and GOLD, S&P 500, NASDAQ, GBP/NZD Now, for you currency traders, next chart is a perfect example of clear price action during the last couple of months. When trading based on technicals, you should always look for clarity. That means no