Forex Live
Daily Pivots: (S1) 1.4018; (P) 1.4089; (R1) 1.4187; More… Outlook in GBP/USD remains unchanged and intraday bias stays on the upside. Rise from 1.3668 is in progress for retesting 1.4240 high. Firm break there will resume larger up trend from 1.1409 low for 1.4376 long term resistance next. On the downside, break of 1.4008 resistance […]
May 11, 2021 – Written by John Cameron STORY LINK Pound Australian Dollar (GBP/AUD) Exchange Rate Heads Higher as England’s Lockdown Easing is Confirmed for May GBP/AUD Exchange Rate Rises Ahead of May’s Easing of UK Lockdown Measures The Pound Australian Dollar (GBP/AUD) exchange rate rose today after Prime Minister Boris Johnson confirmed that England’s […]
In this technical blog, we’re going to take a quick look at the Elliott Wave charts of EURJPY pair, published in the members area of the website. EURJPY is showing bullish sequences in the cycle from the 05/07 (114.474 ) low. As our members know, we’ve been calling rally in this forex pair. We recommended […]
Daily Pivots: (S1) 0.8975; (P) 0.9035; (R1) 0.9064; More…. A temporary low is formed at 0.8984 and intraday bias in USD/CHF is turned neutral first. Some consolidations could be seen but outlook will stay bearish with 0.9163 resistance intact. Below 0.8984 will resume the fall from 0.9471 to retest 0.8756 low. In the bigger picture, […]
Spot gold is consolidating under three-month high ($ 1845) taking a breather after last week’s 3.5% advance (the biggest one-week rally since late July 2020). Weaker dollar after downbeat US jobs data keeps the metal’s price underpinned. Weekly close above psychological $ 1800 barrier generated fresh bullish signal, which was boosted by repeated daily close […]
May 11, 2021 – Written by John Cameron STORY LINK GBP/USD Forecast: Pound to US Dollar Exchange Rate Mixed on UK Lockdown Easing The Pound to US Dollar (GBP/USD) exchange rate has been mixed for much of the day as Sterling continues to be supported by England’s roadmap out of lockdown. At the time of […]
EURCHF quickly recovered yesterday’s losses after touching an eleven-week low of 1.0921. The rebound helped the currency to surpass the 20- and 40-period simple moving averages (SMAs) on the four-hour chart. The RSI jumped above the neutral threshold of 50 but it is currently pointing down, whereas the stochastic is moving towards the overbought region. In the positive scenario, […]
The Euro regained traction after brief pullback on Monday and rose new marginally higher multi-week high on Tuesday, inflated by upbeat German data. Monday’s close in red with minor negative reaction seen from bearish signal from red daily candle with long upper shadow. Bulls continue to focus Fibo target at 1.2197 (76.4% of 1.2349/1.1704), violation […]
During late Monday’s trading hours, the EUR/USD currency exchange rate declined to the support of the 55-hour simple moving average below the 1.2150 mark. On Tuesday, the currency exchange rate had recovered, as it once again approached the resistance of the 1.2175/1.2180 zone. In the case the rate passes the resistance of the 1.2175/1.2180 zone, […]
Daily Pivots: (S1) 108.53; (P) 108.79; (R1) 109.11; More… No change in USD/JPY’s outlook as further decline is expected to 107.47 support first. Break of 107.47 will resume whole decline from 110.95 for 100% projection of 110.95 to 107.47 from 109.68 at 106.20 next. Risk will remain on the downside as long as 109.68 resistance […]