EURJPY: With EURJPY bulls on the offensive, further price strength should build up towards the 130.75/99 zone. This corrective recovery is coming on the back of its recent weakness. Support comes in at the 129.50 level where a break will aim at the 129.00 level. A turn below here will target the 128.50 level with … “EURJPY Bulls On The Offensive On Recovery”
Category: Forex Bits
USDCAD Ended The Week Slightly Higher
USDCAD: Having printed a rejection candle ahead of its key resistance located at 1.3435/56 zone, USDCAD ended the week slightly higher. This leaves risk of a pullback in the new week on continued price failure. Its key resistance standing at the 1.3435/56 levels comes in as the next upside target. Further out, resistance comes in … “USDCAD Ended The Week Slightly Higher”
EURUSD Looks To Retarget The 1.0519 Zone
EURUSD: With the pair closing slightly lower the past week, its broader risk points lower to the 1.0519 level. EURUSD looks to retarget the 1.0519 zone which is consistent with its long term downtrend bias. However, a recovery may occur especially now that is approaching its key supports. Support is located at the 1.0500 level … “EURUSD Looks To Retarget The 1.0519 Zone”
GOLD: Eyes More Bear Pressure, Targets 1064.23
GOLD: Having remained weak and vulnerable, GOLD eyes more bear pressure. It looks to move lower towards its key support located at the 1064.23 level. Price hesitation or a recovery may occur ahead or at that level if it remains unbroken. On the upside, resistance resides at the 1081.00 level where a break will aim … “GOLD: Eyes More Bear Pressure, Targets 1064.23”
GBPUSD Targets Further Price Build Up
GBPUSD: GBPUSD targets further price build up following its temporary bottom on Wednesday. It looks to extend its recovery towards the 1.5196/99 zone. leaving risk of further move higher. On the downside, support lies at the 1.5100 level where a break will turn attention to the 1.5050 level. Further down, support stands at the 1.5000 … “GBPUSD Targets Further Price Build Up”
NZDUSD Targets Further Strength On Correction
NZDUSD: With the pair reversing its Monday losses to close higher on Tuesday, NZDUSD targets further bullishness. This view is in line with its loss of downside momentum on the weekly chart the past week. Support lies at the 0.6500 level where a break will aim at the 0.6450 level. Further down, the 0.6400 level … “NZDUSD Targets Further Strength On Correction”
GBPUSD Declines With Eyes On 1.5026 level
GBPUSD: Having GBP extended its weakness during Monday trading session, it looks for further decline in the days ahead towards the 1.5026 level. This is consistent with its downside pressure triggered off the 1.5309 level, its Nov 20 2015 high. Support lies at the 1.5100 level where a break will turn attention to the 1.5050 … “GBPUSD Declines With Eyes On 1.5026 level”
EURUSD Maintains Bear Pressure
EURUSD: With the pair failing to follow through higher on the back of its previous gains the past week, further downside pressure is likely in the new week. This development now leaves EUR eyeing its key support located at the 1.0519 level. However, immediate risk comes in at 1.0600 level where a break will expose … “EURUSD Maintains Bear Pressure”
Orbex presents forex certification course Scientific FX Training Series
Cyprus based forex broker Orbex is starting a forex certification course. Here is more information from the official press release: Limassol, November 20, 2015– Orbex, a recognized FX Broker and a leader in online trading education, is in constant pursuit of optimal way to deliver financial investments knowledge to our traders. We are happy to … “Orbex presents forex certification course Scientific FX Training Series”
USDCHF Targets Bear Pressure On Pullback
USDCHF: With USDCHF triggering a correction on Thursday, it looks to extend that weakness further. While its resistance at the 1.0201/19 zone caps, it looks to break below the 1.0100 level. On the downside, support lies at the 1.0100 level. A turn below here will open the door for more weakness towards the 1.0050 level … “USDCHF Targets Bear Pressure On Pullback”