EURUSD: With continued downside pressure seen, EURUSD targets the 1.1059 support zone . This leaves the pair targeting its key support located at the 1.1059 level. However, immediate support lies at the 1.1100 level with a cut through there opening the door for more weakness towards the 1.1050 level and then the 1.1000 level. A … “EURUSD Targets The 1.1059 Support Zone”
Category: Forex Bits
GOLD Weakens On Corrective Pullback
GOLD: Having continued to decline following its Friday downside pressure after price failure, more weakness is now envisaged in the days ahead. On the downside, support comes in at the 1210.00 level where a break will turn attention to the 1200.00 level. Further down, a cut through here will open the door for a move … “GOLD Weakens On Corrective Pullback”
EURGBP Bull Momentum Stalls Ahead Of 0.8000
EURGBP- Although the cross remains biased to the upside, it faces a move lower on correction on loss of upside momentum. However, with a loss of upside momentum seen on Friday (see daily chart) Support comes in at 0.7700 level. Further down, support lies at the 0.7650 level where a violation will turn focus to … “EURGBP Bull Momentum Stalls Ahead Of 0.8000”
EURUSD: Faces Further Bullish Offensive Short Term
EURUSD: Having taken back all of its intra day losses to close flat on Wednesday and following through higher during Thursday trading session , EURUSD faces further bullish offensive short term. Support lies at the 1.1250 level. Further down, support lies at the 1.1200 level where a violation will aim at the 1.1150 level. A … “EURUSD: Faces Further Bullish Offensive Short Term”
ABX – first global institutional exchange for precious metals
Allocated Bullion Exchange made a soft launch today as the world’s first electronic exchange for precious metals allocated physically. Here are more details from the official press release: 10 February 2016: Allocated Bullion Exchange (ABX) has today launched as the world’s first global institutional electronic exchange for allocated physical precious metals, which will provide market participants … “ABX – first global institutional exchange for precious metals”
EURUSD: Looks To Pullback Ahead Of Key Resistance.
EURUSD: With EUR pulling back (see daily chart) ahead of its key resistance following its rally above its declining trendline the past week, EURUSD looks to pullback ahead of key resistance. On the downside, support is located at the 1.1100 level and if violated, expect more weakness to happen towards the 1.1050 level. Further down, … “EURUSD: Looks To Pullback Ahead Of Key Resistance.”
AUDUSD Extends Bullish Price Strength
AUDUSD rallied through its key resistance at the 0.7140 level on Wednesday and followed through higher on Thursday. This leaves risk of more strength on the cards. On the downside, support resides at the 0.7200 level where a breach will aim at the 0.7150 level. Below that level will set the stage for a run … “AUDUSD Extends Bullish Price Strength”
EURUSD Looks To Test Is Falling Trendline
EURUSD: With EUR taking back more than half of its Friday losses on Monday and following through higher on Tuesday, it looks to test is falling trendline at 1.0971. But be cautious ahead of the mentioned declining trendline. Support lies at the 1.0850 level. Further down, support lies at the 1.0800 level where a violation … “EURUSD Looks To Test Is Falling Trendline”
cTrader Web undergoes a significant update
The cTrader web platform is not sitting on its hands. It underwent a significant update. All the details are here in the press release: Spotware Systems announce the completion of cTrader Web updates for all supporting brokers. These exciting features are now available to all traders inside cTrader Web next time they visit the application. “We … “cTrader Web undergoes a significant update”
GBPUSD Reverses Gains, Eyes More Strength
GBPUSD: With the pair reversing its Friday losses to close higher on Monday, further recovery is now envisaged in the days ahead. It must trade and hold above range to create scope for more strength. Support lies at the 1.4400 level where a break will turn attention to the 1.4350 level. Further down, support lies … “GBPUSD Reverses Gains, Eyes More Strength”