GBPUSD: GBP has revered its Tuesday losses and looks to resume its short term uptrend. On continued upside offensive it should target its nearby resistance at the 1.5400 level. On the upside, resistance resides at the 1.5450 level. Further out, resistance resides at the 1.5500 level followed by the 1.5550 level. A cut through here … “GBPUSD Takes Back Losses, Sets Up For More Strength”
Category: Forex Bits
EURUSD: Risk Points Lower Below The 1.1459 Level
EURUSD: With EUR continuing to trade below the 1.1396 level and its major resistance at the 1.1459 zone, our bias remains to the downside. This suggest its upside risk is now limited while maintaining below the 1.1459 level and downside threat remains the immediate bias. On the downside, support lies at the 1.1300 level where … “EURUSD: Risk Points Lower Below The 1.1459 Level”
USDCAD Builds Up On Strength, Recovers Higher
USDCAD: USDCAD remains on the offensive on the back of its long-tailed candle print triggering corrective recovery on Monday. This price action development leaves risk higher in the days ahead. On the upside, resistance resides at the 1.3100 level where a break will target the 1.3100 level. Further out, resistance comes in at the 1.3150 … “USDCAD Builds Up On Strength, Recovers Higher”
Orbex sponsors Run in Colour charity event
Cyprus based forex broker Orbex gives back to the community and specifically the Children Cancer unit of Makarios Hospital in Nicosia. Here is more information from the press release: 12 October, 2015 | Limassol, Cyprus Orbex international investment firm is celebrating their 5 years of active operations in Cyprus on the 21st of October 2015 with the … “Orbex sponsors Run in Colour charity event”
AUDUSD Climbs Above The 0.7279 Zone, Looks For More
AUDUSD: AUDUSD closed strongly higher the past week leaving risk of further strength in the new week. While it can trade and hold above its broken resistance turned support at 0.7279 level, we think more gain should occur. On the upside, resistance lies at the 0.7400 level. A cut through here will turn attention to … “AUDUSD Climbs Above The 0.7279 Zone, Looks For More”
EURUSD: Threats Builds Up Pressure On The 1.1459 Zone
EURUSD: Having EUR closed strongly higher the past week, it now looks to extend that strength towards its key support zone at 1.1459. We may see price hesitation at this level or even a pullback. Support lies at the 1.1300 level where a violation will aim at the 1.1250 level. A break of here will … “EURUSD: Threats Builds Up Pressure On The 1.1459 Zone”
EURUSD: Bull Pressure Leaves Risk Towards Key Resistance.
EURUSD: EUR rallied strongly during Friday trading session leaving risk on further upside. It faces a bigger overhead resistance standing at the 1.1433 level, representing its September 18 2015 high. However, immediate resistance resides at the 1.1400 level. On the upside, resistance is seen at 1.1450 level with a cut through here opening the door … “EURUSD: Bull Pressure Leaves Risk Towards Key Resistance.”
GBPJPY: Turns Lower Ahead Of Key Resistance at 184.42,
GBPJPY: The cross now faces further weakness after turning lower ahead of its key overhead resistance at 184.42 level during Thursday trading session. Our bias remains lower as long as that level remains unbroken. On the downside, support comes in at the 182.50 level where a violation will aim at the 182.00 level. A break … “GBPJPY: Turns Lower Ahead Of Key Resistance at 184.42,”
GBPUSD Sees Further Bullish Offensive, Targets 1.5336 Region
GBPUSD: GBP extended its recovery during Wednesday trading session leaving risk of more strength to occur. However, watch out for its overhead resistance located at the 1.5336 zone. This level is significant on the weekly chart. Price hesitation ahead or at that level cannot be ruled out. The pair current bullish price action leaves risk … “GBPUSD Sees Further Bullish Offensive, Targets 1.5336 Region”
AUDUSD Recovers Higher, Sets Up To Extend Strength
AUDUSD: The pair rallied strongly on Tuesday leaving risk of more strength on the cards. This is coming on the back of its recent corrective recovery offensive triggered from the 0.6936 level, its Sept 29 2015 low. On the downside, support resides at the 0.7100 level where a breach will aim at the 0.7050 level. … “AUDUSD Recovers Higher, Sets Up To Extend Strength”