GBPUSD: GBP has halted its weakness to close on a rejection candle on Thursday. This development has set the tone for a recovery higher threats. Support lies at the 1.4550 level where a break will turn attention to the 1.4500 level. Further down, support lies at the 1.4500 level. Below here will set the stage for more weakness towards the 1.4450 level. Its daily RSI is bearish and pointing lower supporting this view. Resistance stands at the 1.4700 levels with a turn above here allowing more strength to build up towards the 1.4750 level. Further out, resistance resides at the 1.4800 level followed by the 1.4850 level. On the whole, GBP faces the risk of further downside pressure following a rejection candle print.
Markets began 2016 in a sour mood, and this resulted in a “risk off” sentiment”. US Crude Oil Inventories, Australian Employment data, ...
GBPUSD: GBP has halted its weakness to close on a rejection candle on Thursday. This development has set the tone for a recovery higher threats. ...
Analysis for January 8th, 2016 GBP USD, “Great Britain Pound vs US Dollar” GBP USD, Time Frame Daily. Indicator signals: Tenkan-Sen and Kijun-Sen are ...
GBPUSD, MonthlyGBPUSD has been falling for several months as markets have been adjusting to changing interest rates landscape that has lately been favouring the USD ...
EUR/USD Short-term bullish EUR/USD is pushing higher. The road is still wide open to hourly support at 1.0524 (03/12/2015 low). Hourly resistance may be ...
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish From Monday till Wednesday, this pair went south. However, it ...
First, about the forecast for the past week: the forecast for EUR/USD was fully implemented during the first half of the week. According to ...
Resistance Hinders Further Upside Movement. Effects of the NFP Still Not Done EUR/USD Forex News: The jobs situation in the United States improved ...
EUR/USD Forex News: Trading was mostly bearish yesterday after the pair made an unsuccessful attempt to break resistance. Price briefly climbed above 1.0945 but the ...
EUR/USD 4 hour The EUR/USD remains in a narrow price range since the beginning of December. A bearish breakout below support (green) could see ...
DAILY GBP/USD TECHNICAL OUTLOOKLast Update At 13 Jan 2016 00:18GMTTrend Daily Chart Down Daily Indicators Falling 21 HR EMA 1.4453 55 ...
USDA report came out The USDA released the grains report where revised down the corn and soy harvest estimated and the wheat planting acreage. Will ...