Daily Fundamental Analysis
- Thursday, 14 June 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast - 14 June
The EURUSD currency pair was seen closing bearish on Tuesday as price action fell back to the support level of 1.1730. With the daily chart signaling a hidden bearish resistance, a break down below the support level could signal further…
- Wednesday, 13 June 2018
- Daily Fundamental Analysis
AUD/USD Daily Forecast - 13 June
The Aussie dollar edged higher on Wednesday after extension of four-day descend found footstep at 0.7553 (30SMA) and profit-taking on Tuesday’s 0.5% fall pushed the price higher. Near-term action holds in a downtrend from 0.7676/73 double-top and remains pressured by…
- Tuesday, 12 June 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast - 12 June
I had no directional bias yesterday as the price was right in a middle of a wide range, giving no short-term clues either as to direction as London opened. The price has eased down over the past day but still…
- Monday, 11 June 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast - 11 June
The Euro fell initially during the trading session on Friday, reaching down towards the 1.1725 level before bouncing enough to form a hammer. The hammer is in direct competition with the shooting star that was formed on Thursday, and it…
- Friday, 08 June 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast - 8 June
The British pound went back and forth during the trading session on Thursday, perhaps in reaction to word getting out that the United Kingdom was going to leave the custom union as well as the European Union.
- Thursday, 07 June 2018
- Daily Fundamental Analysis
BTC/USD Daily Forecast - 7 June
Bitcoin rallied slightly against the United States dollar during the trading session on Thursday, turning around to form a bit of a shooting star. We had previously formed a hammer, and it now looks as if the 20 SMA is…
- Wednesday, 06 June 2018
- Daily Fundamental Analysis
AUD/USD Daily Forecast - 6 June
I wrote previously that I would be bullish if the price could bounce convincingly at 0.7621. I thought it would be a bearish sign if the price broke below that level. I was proven wrong when the price bounced strongly…
- Tuesday, 05 June 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast - 5 June
As US traders returned to their desks this morning, the dominant theme was US dollar weakness. The US Dollar Index, which had rallied to above 95.00 to approach its highest level in over 10 months last week, was hit by…
- Monday, 04 June 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast - 4 June
GBP/USD bounce from 1.3254 (01/06/2018 low)continues, approaching the 1.3380 range. Theshort-term bearish trend started in mid-April2018 is maintained. Key support and resistanceare given at 1.3062 (13/11/2017 low) and 1.3613(03/01/2018 low). The technical structuresuggests short-term upward moves.
- Friday, 01 June 2018
- Daily Fundamental Analysis
AUD/USD Daily Forecast - 1 June
The Australian dollar try to rally initially on Thursday but turned around. By doing so, we have formed a shooting star at the 0.76 level, and it looks like we are ready to roll over and perhaps go looking towards…- Popular
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