DAILY MARKET OUTLOOK on Major Update Time: 07 July 2020 03:30GMT EUR/USD – 1.1312 Although the single currency has retreated after yesterday's rally to 1.1345 and minor consolidation would be seen in Asia, as said move signals a re-test of previous resistance at 1.1348 is forthcoming, upside bias remains and above 1.1348 would extend…
AUD/USD pulls back from session highs, confirming a bearish divergence of RSI. The pair risks a deeper drop to the 50-hour SMA support. AUD/USD has failed to take out resistance at 0.70 ahead of the all-important Reserve Bank of Australia (RBA) interest rate decision. The pair is currently trading near 0.6970, having hit highs above…
Partner Center Find a Broker Ack! I may have spoken too soon about early exits snapping up gains for this strategy, as a bunch of new crossovers yielded tiny losses this time. If this is the first time you’re reading about the SMA Crossover Pullback system, make sure you look at the trading rules and risk management adjustments first.…
AUDUSD Sideways between 0.6810 to 0.7065 from last Three weeks. Ahead of RBA is the next key risk event for AUD Pairs. The trend of AUD/USD pair currently narrow sideways channel Soon expecting to Break out. The trend of AUD/USD pair movement was controversial as it took place in a narrow sideways channel, the market showed signs of instability. The…
AUD/USD Current Price: 0.6973 The Reserve Bank of Australia is expected to keep the cash rate unchanged at 0.25%. Soaring global equities underpinned the Aussie against its American rival. AUD/USD neutral-to-bullish in the short-term and heading towards 0.7063. The AUD/USD pair traded as high as 0.6987, finding support in an improved market’s mood that sent…
Partner Center Find a Broker AUD/NZD has been a snoozer since my trade idea, but I’ve got a little profit. With the RBA rate statement coming very, very soon, I’ve adjusted my trade to reduce event risk and create a near “risk-free” trade. Check it out! AUD/NZD Trendline Break? AUD/NZD 4-Hour Forex Chart In early…
EUR/USD Current Price: 1.1310 EU Sentix Investor Confidence plunged to -18.2 in July, missing the market’s expectations. The US ISM Non-Manufacturing PMI jumped to 57.1 in June from 45.4 in the previous month. EUR/USD is holding on to higher ground but faltered around a strong static resistance area. The EUR/USD pair has reached an intraday…
EUR/USD Current Price: 1.1322 The financial world started the week with an upbeat mood in hopes of an economic bounce. US ISM Non-Manufacturing PMI, seen up in June to 50, could further boost optimism. EUR/USD is bullish in the short-term, needs to clear the 1.1330 price zone. The EUR/USD pair is trading near the upper…
EUR/USD has been advancing toward 1.13 as China encourages a bull market. Optimism about Europe joins the bullish case while US coronavirus cases and uncertainty about data may weigh. Monday's four-hour chart is showing the pair is hitting resistance. After a long US weekend, bulls have returned with rage – kicking it off in China. The…
