The well known hedge fund manager Lex van Dam is introducing new trading tools via Tradable apps. Here are more details via the official press release: Concerned by the fact that ‘information overload’ and expensive platforms are alienating people from trading, he has simplified access to the markets by devising a series of trading apps covering all … “Lex van Dam introduces trading app tools to a mass”
Category: Forex Bits
GOLD: Halts Recovery, Vulnerable Below 1,147/50 Zone
GOLD: GOLD looks to has capped its recovery strength at 1,147.87 level following the formation of a rejection candle on Tuesday. This price action suggests bear pressure could be developing. On the downside, support comes in at the 1,120.00 level where a break will aim at the 1,110.00 level. A cut through here will open … “GOLD: Halts Recovery, Vulnerable Below 1,147/50 Zone”
EURGBP Closes In On Key Resistance At 0.7421 Level
EURGBP: With the cross extending its bullish offensive on Tuesday, it faces the risk of a move further higher towards its Aug 2015 high at the 0.7421 level. On the upside, resistance lies at the 0.7450 level where a violation if seen will turn risk towards the 0.7500 level. Further out, the 0.7550 level comes … “EURGBP Closes In On Key Resistance At 0.7421 Level”
USDJPY Slumps On Further Bear Pressure
USDJPY: With the pair experiencing a second day of weakness on Tuesday, risk of a move further lower is expected. On the downside, support comes in at the 119.00 level where a break will target the 118.50 level. Below here if seen will aim at the 118.00 level followed by the 117.50 level. Its daily … “USDJPY Slumps On Further Bear Pressure”
CRUDE OIL Sees Further Bullishness Offensive
CRUDE OIL: Having the commodity extended its bullish offensive on Monday, further strength is envisaged. Resistance is located at the 49.00 level where a break will expose the 50.00 level. A break below here will aim at the 51.00 level and then the 52.00 level. Above here if seen will open the door for a … “CRUDE OIL Sees Further Bullishness Offensive”
GBPUSD: Key Support To Cap Downside Pressure
GBPUSD: GBP sold off strongly the past week leaving risk of more declines. However, we think while its key support at the 1.5329 level holds as support a move higher on recovery should occur. On the downside, support lies at the 1.5300 level where a break if seen will aim at the 1.5250 level. A … “GBPUSD: Key Support To Cap Downside Pressure”
EURUSD: Bias Remains To The Downside
EURUSD: EUR lost its upside momentum to close lower the past week leaving further downside pressure on the cards in the new week. However, note that a consolidation with a pullback higher may occur. Support lies at the 1.1100 level where a violation will aim at the 1.1050 level. A break of here will aim … “EURUSD: Bias Remains To The Downside”
EURJPY: Halts Weakness, Eyes More Recovery
EURJPY: The pair recovered on Thursday and followed through on Friday though marginally to put in a temporary bottom. This development could suggest a move further higher on more recovery as we enter a new week. In such a case, support comes in at the 135.50 level where a break will aim at the 135.00 … “EURJPY: Halts Weakness, Eyes More Recovery”
GBPJPY Looks To Build On Its Recovery
GBPJPY: GBPJPY has halted its weakness to close higher on Thursday, leaving eyes on further upside. On the downside, support comes in at the 186.00 level where a violation will aim at the 185.00 level. A break below here will target the 184.00 level followed by the 183.00 level. Its daily RSI is bullish and … “GBPJPY Looks To Build On Its Recovery”
EURUSD Weakens Further, Targets Key Support
EURUSD: EUR declined sharply on Wednesday and was seen weakening further during Thursday trading today. This development leaves the pair targeting its key support located at the 1.1128 level. Immediate support lies at the 1.1200 level where a violation will aim at the 1.1150 level. A break of here will aim at the 1.1100 level … “EURUSD Weakens Further, Targets Key Support”