SUPPORT AND RESISTANCE INDICATOR, The indicator’s essential details would be definitely the service and resistance value zones observed foreign dealers, financial …
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Partner Center Find a Broker U.S. markets may be out today but that doesn’t mean we can’t see explosive price action before the week ends! Check out what’s up on GBP/JPY and GBP/CHF‘s charts. Are you also seeing these reversal opportunities? GBP/JPY: 1-hour GBP/JPY 1-Hour Forex Chart Breakout alert! GBP/JPY has recently broken above a…
EUR/USD has been unable to sustain gains following the upbeat US jobs figures. Concern about America's rising coronavirus cases is central amid the long US weekend. Friday's four-hour chart is showing the currency pair is trading in a wedge. What should markets focus on – upbeat three-week-old figures or tentative signs of a downturn? The…
EUR/USD witnessed an intraday pullback from 1.1300 mark on Thursday amid a modest USD uptick. Surging COVID-19 cases overshadowed the recent optimism and benefitted the safe-haven greenback. Traders eye final Eurozone Services PMI for some impetus amid holiday-thinned liquidity conditions. The EUR/USD pair failed to capitalize on the overnight uptick to the 1.1300 mark and…
AUD/USD stays above 0.6900 after upbeat Aussie Retail Sales, China Caixin PMI. 21-day SMA offers immediate support ahead of the weekly low. 0.6975/80 acts as an additional upside barrier beyond the immediate resistance line. Bearish MACD, multiple resistances keep the buyers cautiously optimistic. AUD/USD extends recovery moves from 0.6913 to trade around 0.6925, intraday high…
Partner Center Find a Broker Guppy caught three winning trades for the week, making up for the tiny dent on USD/JPY. Take a look at the latest plays! If this is the first time you’re reading about this forex strategy, I suggest you take a look at the system rules before reading on. Also, this version makes…
AUD/USD Current Price: 0.6923 Australian trade surplus rose 2% to $8.03 billion in May, missing the market’s expectations. China Caixin Services PMI seen back to contraction territory in June. AUD/USD holding on to the upper end of the weekly range, downside limited. The AUD/USD pair surpassed its previous weekly high by a couple of pips,…
Partner Center Find a Broker Well, that was quick! GBP/NZD bears took control much sooner than expected, pushing the pair down not too long after I posted. With the market now testing the previous support area and the holiday weekend ahead, I decided to close the trade for a very nice short-term return-on-risk. Here’s a…
The US economy gained 4.8 million jobs in June, better than expected. Data is from early June when the US economy was reopening at a rapid pace. A raging second wave of coronavirus cases is set to hit employment, including in the long term. “The US never got the virus under control before reopening” –…
