EURGBP April 24, 2018 Analysis Long-Term View EURGBP April 24, 2018: The pair has been aggressively rising since June 2015 from as low as 0.6943 to as high as 0.9305. Indeed a superb move for the buyers in terms of profit. The previous double top resistance area the 0.9305 forced the pair to weaken the first […]
CHFJPY April 23, 2018 Analysis Long-Term View CHFJPY April 23, 2018: The price was trading since January 2015 from as high as 151.15 to as low as 101.32 late June 2016. The 101.32 was indeed a strong support area as the pair was able to retrace to as high as 118.55 while dropping again to 110.51. […]
Weekly Trading Strategy on EURCHF The EURCHF has finally reached the psychological level 1.2000 where both the buyers and the sellers will likely place superb pressures. If the price trades above the 1.1860 and the 1.1840 levels then the next resistance will be the 1.2080 area. Should the price aim even higher the next zone […]
Weekly Trading Strategy on USDJPY The USDJPY approached February’s high at 107.90. If the pair breaks this level then the 108.30 (January’s Low) will likely be the major resistance area ahead. On the other hand, the price might find support at the 106.91 (55 days MA) and the 105.62 (April low) respectively.
Weekly Trading Strategy on Gold From the beginning of 2018, GOLD is trading between the range of 1310 (support) and 1366 (resistance). Since the start of last week, the precious metal is once again trading above the 55 day moving average while remaining above the 200 day moving average too. This is an indication that […]
Weekly FX Strategy on GBPUSD In an interview, BOE’s Governor, Mark Carney appeared hesitated about a probable rate hike in May. Following this data release, the sterling lost strength thus dropping from its latest highs. Furthermore, Carney highlighted that the Brexit negotiations are progressing slower than expected. Another unsolved factor is the Irish-border matter where […]
NZDJPY April 20, 2018 Analysis Long-Term View NZDJPY April 20, 2018: The pair was trading since 2016 within a swing pattern between the range of 84.00 and 75.60. Both the buyers and the sellers were able to make great profits. The recent stabilisation of the price at the 75.60 and the upside momentum at the […]
Weekly FX Strategy on NZDUSD RBNZ announced that it kept the monetary policy unchanged as expected in March. Furthermore, the New Zealand’s Q4 GDP rose 2.9% YoY, higher than in the previous quarter. Also the rally in milk supported the NZD. The kiwi rebounded from 0.7180 (Feb low) and is now looking at its previous […]
GBPUSD April 19, 2018 Analysis Long-Term View GBPUSD April 19, 2018: The sterling and the U.S. dollar trade higher since 2016 where the price climbed from as low as 1.1474 to as high as 1.4373. This is indeed a superb move indicating that the buyers were the absolute gainers. On the other hand, the sellers […]
Weekly Strategy on Gold Gold is facing strong bearish pressures at 1362.00-1380.00. This scenario is strengthened by the 2016 high (1375.00). Of course, the recent geopolitical uncertainty (China-USA-Syria) already had a considerable impact. Alternatively, the precious metal may remain supported around 1322.00.