Forex News


23 Apr 17:30 - The pair is trading weakly as the technical catalysts didn't change since yesterday, whereas the pair is stable above 38.2% correction at 1.3780 levels showing on graph. Stability above the referred to level is positive especially with achieving the positive crossover on Stochastic and RSI stabilizing above line 50.


23 Apr 17:30 - The pair is fluctuating around the resistance connecting the descending tops shown on graph and that resides at 172.60. The pair must breach this level to confirm the general uptrend that depends mainly on trading within the main ascending channel. Therefore, the bullish scenario remains in favor targeting 174.80 and


23 Apr 16:47 - Tonight, a report of the Chinese manufacturing showed that all previous efforts of the government to halter the further cooling of the economic growth remained restrained. Also the HSBC Purchasing Managers’ Index validated this development and was at 48.3 this month, a rate conforming to the estimates by Bloomberg economists


23 Apr 16:40 - The single currency bounced after yesterday's attempt at near-term range floor left marginally lower low at 1.3784. Cracking important resistance at 1.3830, 21 Apr high main bear-trendline off 1.3904 peak Fibonacci 61.8% retracement of 1.3863/1.3784 downleg, confirms base at 1.3790 zone and brings the price back to the


23 Apr 15:40 - On Tuesday Pound/Dollar increased with 40 pips. The Cable appreciated from 1.6783 to 1.6840 yesterday, in line with the positive money flow sentiment at around +16%, closing the day at 1.6789. Today the British Pound is trading quietly, with movements at the upper half of yesterday's range for the time being.


23 Apr 15:38 - Although the monthly pivot point has been recently breached, the bearish tendency did not gain traction and EUR/USD returned to 1.3815. If this resistance is overcome, we will be looking at the down-trend line at 1.39 as the next most likely target. However, if the supply proves to be sufficient


23 Apr 15:36 - GBP/USD's foray into the zone above the February high yesterday was not fruitful and the resistance at 1.6822/14 still remains intact. But the sell-off did not ensue and most of the technical indicators are currently bullish, meaning this level could be eroded in the nearest future regardless of its resilience


23 Apr 15:33 - The currency pair is currently retreating from the resistance zone consisting of the monthly PP and 100-day SMA. The immediate support is represented by the 20 and 55-day SMAs, but USD/JPY is likely to decline deeper, to the weekly PP and 38.2% Fibo at 102.20. Should the bears push the


23 Apr 15:32 - Apparently, the bullish impetus USD/CHF received near the monthly S1 two weeks ago was not enough to throw the pair over the one-year down-trend. This would result in an upside break-out from the falling wedge. However, now the risks are even more heavily skewed to the downside. Accordingly, the U.S.


23 Apr 13:38 - The EURUSD had another indesicive movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term. Important intraday range to be closely watched is seen between 1.3780 – 1.3850. A clear break below 1.3780 could trigger further bearish pressure testing 1.3750 – 1.3700. On

 





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