FX Daily Outlook | 25-10-16
Posted on October 25, 2016 at 9:20 am GMT[..]
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Technical Analysis – USDCAD Daily makes 7-month high as its breaks out of 1.27-1.33 range
Posted on October 25, 2016 at 7:55 am GMTUSDCAD daily has managed to break out of the 5-month old range of 1.27-1.33 during the previous sessions, as it tested 1.34 by trading up to 1.3396 (Monday’s high and the highest since March). The pair is looking positive as it is trading above the 200-day average (1.3134) and the Relative Strength Index is also bullish at 60. Performing a Fibonacci analysis on the down move from 1.4690 (January high) to 1.2460 (March low), the pair is currently around the [..]
FX Daily Outlook | 24-10-16
Posted on October 24, 2016 at 9:04 am GMT[..]
Technical Analysis – EURUSD ‘death cross’ could lead to fresh 13-year low
Posted on October 24, 2016 at 8:51 am GMTA significant technical development for EURUSD today has been the crossing of the 50-day average below the 200-day. This is often called the ‘death cross’ by technicians as it can be a bearish signal that can have medium- to long-term implications. The violation of 1.0950 on Thursday, which held during the past 7 months was already a negative development. The short-term low for EURUSD has been 1.0858, which has already been tested a couple of times; today and on Friday. [..]
FX Daily Outlook | 21-10-16
Posted on October 21, 2016 at 10:14 am GMT[..]
Technical Analysis – USDCAD bullish above cloud
Posted on October 21, 2016 at 8:15 am GMTUSDCAD has been on a shallow uptrend since bottoming out at a 10-month low of 1.2460 in early May. The pair has been making higher highs and higher lows and hit a 7-month high of 1.3312 on October 7. Prices are currently above the Ichimoku cloud and the 50- and 200-day moving averages, underlining the bullish outlook in the medium term. However, the flat-lining tenkan-sen and kijun-sen lines suggest the positive bias is tilting towards a neutral one. In the [..]
FX Daily Outlook | 20-10-16
Posted on October 20, 2016 at 9:29 am GMT[..]
Technical Analysis – USDMXN 4-hourly bearish but looks oversold for now
Posted on October 20, 2016 at 8:17 am GMTFollowing USDMXN’s rally from 18.25 to 19.91 back in September when Donald Trump’s chances of winning the US election looked good, the dollar peaked versus the peso in late September. The pair has recently hit a 6-week low at 18.45 following a disappointing performance by Trump in the final US presidential debate. Dollar / peso has for now rebounded after hitting the 18.45 low and currently price is right at the Tenkan-sen line at 18.55. The rebound could lead to [..]
Technical Analysis – EURJPY short-term bearish after failure to breach 116.35
Posted on October 19, 2016 at 8:31 am GMTEURJPY hit a 3½ -year low in the immediate aftermath of Brexit, but it has since been in a range of 110.81 to 118.45. On the day of the referendum result announcement, the market was very volatile and possibly illiquid, therefore the low we shall use for our analysis will be 110.81 (July 6) instead of the June 24 spike down to 109.36. Despite the consolidation that has taken place since Brexit, the trend is still bearish as price action lies [..]
FX Daily Outlook | 18-10-16
Posted on October 18, 2016 at 9:33 am GMT[..]
