EURUSD looking to target 1.3800
EURUSD broke above an important level at 1.3620 and it seems that it is
currently looking to target 1.3800 level. The zone between 1.3800 and 1.3850
levels is important because once EURUSD manages to break above that zone,
then we will be looking at EURUSD heading towards 1.4000 level.
The current momentum seems to be technically with buying at [...]
EURUSD could break resistance and head towards 1.3780
EURUSD is currently looking to test some important level at the moment. A
good resistance can be seen at 1.3670 and EURUSD touched it once yesterday
and might look to test it once again.
If EURUSD managed to continue the current upward momentum and managed to
break that level, then we will be looking EURUSD heading towards 1.3780
level and [...]
GBP/USD quickly advancing on new 9-month low…
The GBP is rapidly falling and soon to approach a fresh, 9-month low against the USD dollar which was set yesterday at 1.5189.
This downward fall is due to the pair (GBP/USD) recently breaking through the 1.5240 support.
We can report that Valeria Bednarik who is an independent analyst for FXStreet.com that:
“The pound remains under selling pressure, [...]
EURUSD takes a dip, but for how long?
EURUSD took a good extended dip during this week and the momentum seems to
run into next week as well. Although the RSI is on getting very low but
EURUSD seems to managing quite nicely by taking retracements which also is
providing traders with opportunities.
Keeping the current moment into mind, we might see EURUSD taking retrace
from here towards [...]
EURUSD getting ready for a dip
EURUSD was traded sideways with low volume for couple of days and its RRI was also on lower side and with sideways movement, RSI has opened up a bit and have created some space for downward move towards 1.3550 level.
A good selling level is present just around 1.3680 and EURUSD already touched it one today [...]
USDJPY looking to break the tight range
USDJPY is being traded in a tight, sideways trend and it seems that it is
approaching a point where it is ready to break to a side and form a trend.
The first focus level is at 90.40 and break of this will take USDJPY towards
93.00 level but it seems that it might not be able [...]
USDJPY being traded in tight range
USDJPY seems to stay in tight range and being traded in the same manner during this week. USDJPY is getting towards 90.00 level and we might see USDJPY going sown from there towards 89.00 level. Intra-Day traders will more be interesting in buying USDJPY around 89.00 level for short intra-day target. If USDJPY manages [...]
USDCHF looking to complete its retracement
USDCHF seems to be completing its retracement and is looking to do so just
around 1.0530 level. USDCHF is expected to resume its upward trend again
from 1.0530 level. If USDCHF manages to continue its downward trend and
break of 1.0530 will mean that its next target will be somewhere around
1.0450 level.
On the upper side, its initial target [...]
Aussie slides on unchanged interest rates
The Australian Dollar slid today in forex trading on account of the Australian central bank deciding to maintain the benchmark interest rates at their current levels. The RBA avoided changing interest rates to maintain economic recovery in the country. The Australian dollar fell to the lowest level in nearly 6 weeks, against all 16 of [...]
USDCHF might look to take some retrace by end of US session
USDCHF is moving nicely in an upward trend but we might see USDCHF taking a
dip by the end of US session for monthly closings. Traders looking to buy
USDCHF might hold back a bit and let USDCHF take a dip today before buying
USDCHF for next week.
The dip might go towards 1.0430 and might even extend below [...]
