EURUSD is still bought on dips
After a strong bounce from 1.0800 the EURUSD is still bought on dips. The lack of important data today and US bank holiday will probably keep the pair within the range, but it will also give us the...
View ArticleGBPUSD is short on rallies
After yesterday's BOE Governor mr.Mark Carney comments where he stated there was no timetable for raising interest rates, GBPUSD fell heavily from POC as suggested  on last Live webinar and in the...
View ArticleEURUSD PRE ECB Analysis - Important Levels to watch for
Today, there will be an important ECB meeting where ECB should announce a minimum bid rate which is expected to remain on hold. But as always, ECB conference is very important as investors are actually...
View ArticleEURUSD still down within the channel
The EURUSD has completed its first swing within he channel and on intraday chart we can see a range with bearish bias. POC comes within 1.0850-60 zone (H4, EMA89, EQ channel top, previous breakout...
View ArticleUSDJPY PRE FOMC Outlook
Today's focus is on FOMC meeting and that is the reason why the market has been calm all day long. We should expect FED to focus on China slowdown, market volatility and weak US data. At the present...
View ArticleNZDUSD has broken through ascending trend line
NZDUSD December trade balance showed much smaller deficit as exports beat the expectations but due to RBNZ dovish stance on the currency, the pair has been sold on rallies. RBNZ governor Wheeler stated...
View ArticleUSDJPY momentum suggesting bullish continuation
BoJ's dovish move to introduce negative rates was in response to poor inflation in Japan and a strengthening JPY, which the later, has the potential to cause a negative impact on its economy and its...
View ArticleNZDUSD flat top ascending triangle breakout
The NZDUSD bounced following better than expected NZD employment data – jobs report. Investors started to disregard latest RBNZ gov. Wheeler’s comments re further rate cuts as he implied that the...
View ArticleAUDUSD look for bearish patterns in the POC zone
The AUDUSD surged heavily to the upside straight towards 0.7150-80 as I have shown on FXstreet AUDUSD poll. My guess is that RBA is not so happy with recent AUD strength as divergence between commodity...
View ArticleGBPUSD making bearish swings
The GBPUSD has spiked above 1.4600 zone and as I have shown in the latest AUDUSD coverage very often a retracement is mistaken for a trend change which is wrong. Similarly to AUDUSD (which has...
View ArticleAUDUSD triple top holding the price
The light volume and lower volatility made AUDUSD possible trade bidirectionally. The initial rebound from 0.7050 made 30 pips initially as suggested on previous Session Recap webinar followed by a...
View ArticleUSDJPY further downside exposed
USDJPY has tanked breaking important patterns and supports clearly showing risk-off sentiment. Purely risk off sentiment across markets is the cause for Yen to appreciate against the G10 currencies....
View ArticleUSDCAD multiple patterns suggest sell on rallies
We have heard many times before "Buy the dips, sell the rips". Recently we had some USD gains and there were some rumours that OPEC may cut production, so Oil price went up. If OPEC cuts production...
View ArticleGBPUSD could bounce from support zone towards POC
GBPUSD is currently around 1.4276 but I expect a bounce. Good Claimant Count Change numbers ( the first indication of the employment situation ) along with good Unemployment numbers could spike the...
View ArticleEURUSD Extended V bottom on daily time frame
EURUSD has made the Extended V Bottom on daily chart. The characteristic of this pattern is that the price of the V bottom will form a reversal that is followed by a down-sloping trend line or channel...
View ArticleAUDUSD ascending channel provides buying opportunities
As we know AUDUSD is a hard commodity currency.Basically, when its risk-on environment, commodities prices tend to increase, and traders go long AUD due to that factor. When commodities prices go up,...
View ArticleAUDJPY Bearish equities support the drop
I have explained it many times during webinars- AUDJPY is a great pair to trade in correlation with equities. Today we have a risk off sentiment as 29 of the 30 Germany DAX companies are down in price....
View ArticleEURGBP time for a correction?
Fear of Brexit has weakened the GBPUSD tanking the pair below 2010 lows and getting close to 2009 historical lows. As I have shown in the previous GBPUSD coverage the pair successfully broke through...
View ArticleEURUSD Rising wedge supports bearish trend
Negative CPI numbers fueled another drop in exchange rate. Bad CPI German and France data should be counteracted by ECB and bad CPI should be discussed on next ECB meeting so we could possibly expect a...
View ArticleEURAUD is in 'risk on' phase
EURAUD shows a good trend and we might align both technical and fundamental reasoning behind it. EUR is under a QE programme and is accepted as a safe heaven despite the European turmoil whilst AUD is...
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