USDJPY: Having followed through higher on the back of its Thursday gains on Friday, further bullishness is expected. On the downside, support comes in at the 117.50 level where a break if seen will aim at the 117.00 level. A cut through here will turn focus to the 116.50 level and possibly lower towards the … “USDJPY Builds Up On Bull Pressure”
Category: Forex Bits
EURUSD Faces More Downside Pressure Below Key Resistance
EURUSD: Having remained weak and vulnerable to the downside, EURUSD faces more downside pressure below key resistance. Support lies at the 1.0800 level. Further down, support lies at the 1.0750 level where a violation will aim at the 1.0700 level. A break of here will aim at the 1.0650 level. Its daily RSI is bearish … “EURUSD Faces More Downside Pressure Below Key Resistance”
Orbex launches new financial trading instruments
Cyprus based forex broker Orbex introduces new trading instruments: indices, exotic pairs and more. Here is all the data from the press release: Limassol, January 19, 2016– Orbex constantly strives to provide flexible trading solutions in order to fulfil the particular trader’s needs. The company is happy to introduce two sets of new instruments that will … “Orbex launches new financial trading instruments”
GBPUSD Targets Further Downside Pressure Medium Term
GBPUSD: Having continued maintain its long term bearishness, GBPUSD targets further downside pressure. Support lies at the 1.4200 level where a break will turn attention to the 1.4150 level. Further down, support lies at the 1.4100 level. Below here will set the stage for more weakness towards the 1.4050 level. Its daily RSI is bearish … “GBPUSD Targets Further Downside Pressure Medium Term”
How Does Spread Betting Really Work?
Spread betting, forex trading and contracts for difference trading (CFD) are leveraged products. These are alternatives to traditional trades, with tax benefits. Traders seeking long-term yields are turning to spread betting and forex trading! Why are Spread Betting and Forex Trading so Popular Today? Traders are turning to forex trading and spread betting as alternatives … “How Does Spread Betting Really Work?”
EURUSD Remains Vulnerable Below Falling Trendline
EURUSD: With Having trade flat (weekly chart) the past week on price reversal, EURUSD remains vulnerable below falling trendline. However, we may see price hesitation initially. On the down, support is located at the 1.0850 level and if violated, expect more weakness to happen towards the 1.0795 level. Further down, support lies at the 1.0750 … “EURUSD Remains Vulnerable Below Falling Trendline”
GBPUSD Broader Bias Remains Lower
GBPUSD: With the pair continuing to target further weakness, GBPUSD broader bias remains lower. Support lies at the 1.4300 level where a break will turn attention to the 1.4250 level. Further down, support lies at the 1.4200 level. Below here will set the stage for more weakness towards the 1.4150 level. Its daily RSI is … “GBPUSD Broader Bias Remains Lower”
GOLD Remains Weak And Vulnerable To The Downside
GOLD: Having followed through lower strongly on Tuesday GOLD remains weak and vulnerable to the downside on more weakness. On the downside, support comes in at the 1070.00 level where a break will turn attention to the 1060.00 level. Further down, a cut through here will open the door for a move lower towards the … “GOLD Remains Weak And Vulnerable To The Downside”
EURUSD: Risk Remains Lower On Bear Pressure
EURUSD: With EUR remaining weak and vulnerable to the downside, risk remains lower on bear pressure. This view remains valid as long as the 1.0969/1.0000 resistance zone remains unbroken. Support lies at the 1.0800 level. Further down, support lies at the 1.0750 level where a violation will aim at the 1.0700 level. A break of … “EURUSD: Risk Remains Lower On Bear Pressure”
GBPUSD Looks To Recapture The 1.4400 Zone
GBPUSD: Having sold off during early trading today, GBPUSD looks to recapture the 1.4400 zone. While the 14603 level caps any recovery, our bias remains lower. Support lies at the 1.4400 level where a break will turn attention to the 1.4350 level. Further down, support lies at the 1.4300 level. Below here will set the … “GBPUSD Looks To Recapture The 1.4400 Zone”