12.08.2016
The pair has reached another maximum and looks overbought. Correction in EURGBP can be expected amid GBP recovery. Open a SELL order from 0,86000 level.
Stop/Loss: 0,86460.
Take/Profit: 0,85270 – 0,84750.
12.08.2016
USDJPY
The pair is consolidating and forming a triangle pattern amid the release of the US retail sales data. If the numbers are higher than expected it will push the pair up. If the numbers are lower than expected the pair will fall to the lower range of the triange, …
09.08.2016
In recent days the pair has reached yet another maximum, despite the interest rate decrease by the Bank of Australia. It can be assumed that a correction will take place prior to the Reserve bank of Australia's head speech, which we can indirectly confirm looking at the three peakes on …
09.08.2016
GBPUSD
The pair has breached the 1.3000 support level and if the today's data on the British economy is weaker than expected, the price will most probably fall further.
The price is lower than the middle Bollinger band, lower than SMA5 and SMA14. RSI resides in the oversold zone. Stoch …
08.08.2016
EURUSD
The pair has been trading with slight changes since its return to the 1.1020-1.1155 range awating for the ECB decision on monetary policy. It can be assumed that since the Bank of England eased the monetary policy, the ECB can also go for the additional stimulus, which will have …
05.08.2016
EURUSD
The pair is consolidating above 1.1120 level while waiting for the US Nonfarm Payroll July data release. If the numbers are higher than expected the pair will fall under pressure.
The price is lower than the middle Bollinger band, higher than SMA5 but lower than SMA14. RSI is moving …
04.08.2016
GBPUSD
The pair is falling prior to the announcement of the Britain's Central Bank decision on the interest rates and stimulus. The market assumes that the interest rate will be lowered to 0.25% and and the volume of asset purchases will be increased up to 50 bln pounds. If it …
03.08.2016
USDCAD
The pair is breaching 1.3130 resistance level. Should the fall in oil prices continue, as well as growth in US oil supply and positive data from ADP will provide the pair with additional support.
The price is higher than the missle Bollinger band, higher than SMA5 and SMA14. RSI …
02.08.2016
USDCAD
The pair encountered resistance at the 1.3130 level and is now lowering amid the correction in oil prices. If the API data fromt he US shows the reduction of gasoline and crude oil supply in the US, then the price can fall, while their growth will start pushing the …
02.08.2016
After a significant fall in oil prices that is taking place prior to the publication of the Crude Oil inventories in the US (03-08-2016), we can expect a correction to step in. In USDCAD we expect the Canadian Dollar to gain strenghth amid the recent weak statistical data on the …
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