- Wednesday, 04 July 2018
- Daily Technical Analysis
EUR/USD Daily Forecast - 5 July
Looking at a daily chart, EUR/USD continues consolidating in a familiar range since last month’s ECB monetary policy announcement. It is confined by resistance which is around 1.1718 (November/December 2017 lows) and support at 1.1507 which is also the 38.2% Fibonacci extension. However, downside momentum is ebbing as indicated by RSI which shows positive divergence. This warns that there may be a push higher ahead if not more consolidation.
Read more...
- Wednesday, 04 July 2018
- Daily Technical Analysis
GBP/USD Daily Forecast - 5 July
GBP/USD is trading near its daily highs above the 1.3200 level. GBP/USD is trading in a small range as Independence Day in the US see limited volumes in the forex market. As a result, GBP/USD is unlikely to have a strong breakout in either direction due to the US holiday.
Read more...
- Wednesday, 04 July 2018
- Daily Technical Analysis
AUD/USD Daily Forecast - 5 July
The AUD/USD pair failed to hold to gains and it was about to end the day flat. Earlier today, rose to 0.7423 supported by Australian economic data, reaching the highest level since June 25. It failed to hold on top of 0.7400 and pulled back. The retreat found support at 0.7370/75 and during the last hours it has been moving in a range between 0.7390 and 0.7370, near the same level it closed on Tuesday.
Read more...
- Tuesday, 03 July 2018
- Daily Technical Analysis
EUR/USD Daily Forecast - 4 July
The EUR/USD pair is about to end the day with modest gains, recovering most of yesterday’s losses. The euro is moving in a range between 1.1640 and 1.1665, holding a modest bullish bias. Price action remains limited as the US enters in a holiday mode. Wall Street is already closed and won’t open tomorrow. EUR/USD is consolidating in a triangle pattern that can potentially lead to a breakout in either direction.
Read more...- Popular
-
UK still likely to leave the EU with a negotiated agreement, says Number 10
A successful deal with the European Union remains the “most… -
Sentix Investors Confidence rose to 14.7 in August
The summer heat in Europe is also causing economic temperatures… -
German factory orders -4.0% seasonally adjusted on the previous month
Based on provisional data, the Federal Statistical Office (Destatis) reports… -
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
China's exports are expected to have maintained solid growth in…