EURUSD: With a reversal of almost all of its previous week seen the past week, EURUSD bear pressure builds up on 1.0795 level. On the down, support is located at the 1.0795 level and if violated, expect more weakness to happen towards the 1.0750 level. Further down, support lies at the 1.0700 level where a … “EURUSD Bear Pressure Builds Up On 1.0795 Level”
Category: Forex Bits
GBPJPY Faces Downside Pressure On Continued Bearishness
GBPJPY: Having continued to maintain its broader weakness, GBPJPY faces downside pressure on continued bearishness. This view remains valid as long as the cross trades holds below its key resistance zone at 180.22/82. On the downside, support comes in at the 176.00 level where a violation will aim at the 175.00 level. A break below … “GBPJPY Faces Downside Pressure On Continued Bearishness”
2016 Global Forex Trends
2016 is shaping up to be another interesting year in the forex sector. While nothing is certain, of course, the following projections can help investors stay abreast of what to expect in the next year. • United States: It’s expected that US Federal Reserve chair, Janet Yellen, will raise the country’s federal funds rates. While … “2016 Global Forex Trends”
GBPUSD Faces Downside Pressure On Recovery Failure
GBPUSD: Having failed to follow through higher on the back of its Friday strength on Monday, GBPUSD faces downside pressure on recovery failure. While the 1.4949/44 zone caps any strength, we look for the pair to weaken. Support lies at the 1.4850 level where a break will turn attention to the 1.4800 level. Further down, … “GBPUSD Faces Downside Pressure On Recovery Failure”
Euro Establishes Defined Range
The world of forex has had a somewhat subdued year in 2015, with most of the market’s attention being placed on only a few currencies. This ultimately shows that the market is focusing on central bank policy rather than external market events, and this creates some interesting trading implications for 2016. Most of the … “Euro Establishes Defined Range”
EURUSD Faces Price Consolidation Risk In The New Week
EURUSD: Having taken back almost all of its previous week losses to close higher on Friday, EURUSD faces price consolidation risk in the new week. This development if triggered could see trade between the 1.1466 and the 1.0818 range. On the downside, support resides at the 1.0900 zone. A cut through here will open the … “EURUSD Faces Price Consolidation Risk In The New Week”
GBPJPY Faces Downside Pressure Medium Term
GBPJPY: Having continued to maintain its broader weakness, GBPJPY faces downside pressure medium term. This view remains valid while the cross trades and holds below its key resistance zone at 183.36. On the downside, support comes in at the 179.00 level where a violation will aim at the 178.00 level. A break below here will … “GBPJPY Faces Downside Pressure Medium Term”
MahiFX short-listed in FSTech Awards List
Christchurch and London based forex broker MahiFx is on the short list for the Most Disruptive Financial Sector Technology Award for their institutional product, MFX Compass. Here is more information from the official press release: Straightforward to implement into systems, MFX Compass provides small banks and brokers fast access to a scalable eFX trading business while … “MahiFX short-listed in FSTech Awards List”
EURUSD Remains Bearish Below 1.1059 Zone
EURUSD: Except the pair sees a reversal of its past week losses, EURUSD remains bearish below 1.1059 zone, representing its Dec 15 2015 low. On the down, support is located at the 1.0800 level and if violated, expect more weakness to occur towards the 1.0750 level. Further down, support lies at the 1.0700 level where … “EURUSD Remains Bearish Below 1.1059 Zone”
USDCHF Looks For More Strength On Recovery
USDCHF: Having halted its weakness to close higher the past week, USDCHF looks for more strength on recovery. This is coming on the back of its price halt at 0.9786 level on Dec 14 2015. A build up on that strength should call for a run at 0.9990 level where a break will set the … “USDCHF Looks For More Strength On Recovery”