- Tuesday, 03 July 2018
- Daily Technical Analysis
GBP/USD Daily Forecast - 4 July
As we head into the US holidays, the pound is solid against the 200-1hr SMA at 1.3193 and just of day's highs at 1.3207 with the DXY on the backfoot between the range of 94.5620-94.9780, -0.28% at 1.3192. GBP/USD is ending the North American session +0.23% with a range of 1.3116-1.3207 with a hawkish BoE's Saunders eyeing gradual hikes, adding that U.K. policymakers may need to hike rates faster.
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- Tuesday, 03 July 2018
- Daily Technical Analysis
AUD/USD Daily Forecast - 4 July
The AUD/USD pair advanced all the way up to 0.74 on Tuesday and made a small correction before going into a consolidation phase as trading volume thins out with American traders wrapping up the day early ahead of the Independence Day holiday. As of writing, the pair was trading at 0.7383, adding 0.6% on the day.
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- Monday, 02 July 2018
- Daily Technical Analysis
EUR/USD Daily Forecast - 3 July
Euro spent yesterday’s session in decline going all the way to 1.16 handle, where it managed to find some amount of support and rebounded in order to finish the session slightly above 1.1630 level. We expect similar session tomorrow, with focus on developments from Germany. The broader range remains between 1.1500 and 1.1850 with 1.1720 as first pivot to target through 1.1680. Thereafter, 1.1755 comes as the 23.6 per cent retracement fibo of the 1.2556 to 1.1508 2018 fall guarding the 30-day upper Bollinger band currently at 1.1819. 1.1855 guards territory to 1.20/1.21.
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- Monday, 02 July 2018
- Daily Technical Analysis
GBP/USD Daily Forecast - 3 July
The GBP/USD pair remains in negative territory for the day and near YTD lows on a stronger US Dollar across the board and amid risk aversion. The pair bottomed earlier at 1.3094 and then bounced to the upside. The recovery was capped by 1.3145 and it pulled back again following US data. The intraday tone remains bearish in line the dominant trend.
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