AUDUSD: AUDUSD may be biased to the downside but faces a recovery threat while holding above the 0.7037 level. However, we should see a move higher if the mentioned support remains unbroken. On the downside, support resides at the 0.7050 level where a breach will aim at the 0.7000 level. Below that level will set … “AUDUSD: Broader Bias Remains Lower But With Caution.”
Category: Forex Bits
GBPJPY Recovers, Turns Higher On Price Reversal
GBPJPY: GBPJPY may have turned sharply lower on Monday but it now sees a reversal of that weakness with eyes on the 192.25 level. This present recovery is driven by its failure to follow through lower on the back of its Monday losses. On the downside, support comes in at the 189.00 level where a … “GBPJPY Recovers, Turns Higher On Price Reversal”
GBPUSD: Reinforces Its Bullish Offensive
GBPUSD: GBP continues to face upside pressure following its corrective recovery bullish offensive. With the pair trading above its cluster of resistance at the 1.5689/77 zone, more strength is envisaged. Further out, resistance resides at the 1.5800 level followed by the 1.5800 level. A turn above here will open the door for a run at … “GBPUSD: Reinforces Its Bullish Offensive”
USDCAD: Resumes Medium Term Uptrend
USDCAD: Having followed through higher on the back of its Friday gains, further bullishness is envisaged. In such a case, USDCAD will aim at the 1.3350 level where a break will target the 1.3400 level. Further out, resistance comes in at the 1.3450 level where a turn lower may occur. But if further recovery is … “USDCAD: Resumes Medium Term Uptrend”
EURJPY: Bullish, Maintains Short Term Uptrend
EURJPY: The cross extended its recovery on Thursday leaving risk of additional strength on the cards. While the 137.05 level remains as support, its short term uptrend remains intact. Resistance lies at the 139.50 level. Further out, resistance resides at the 140.00 level where a break if seen will threaten further upside towards the 140.50. … “EURJPY: Bullish, Maintains Short Term Uptrend”
Orbex Announces Financial Seminars in Malaysia
Cyprus based forex broker Orbex is expanding its reach and reaching out to financial investors in Malaysia. Here are details about these webinars from the official press release: Orbex is hosting the exclusive Malaysia Financial Investments Seminar 2015 taking place in Kuala Lumpur and Johor Bahru on the 6th and the 12th September respectively. The event … “Orbex Announces Financial Seminars in Malaysia”
Admiral Markets launches Trading Calculator
Traders often lack the data they real need to calculate their trades. Forex Broker Admiral Markets addresses this with a new trading calculator. Here is more information from the official press release: Admiral Markets is pleased to announce, the long awaited Trading Calculator, which will be available on our website on the 21st of August. The Forex & … “Admiral Markets launches Trading Calculator”
GBP/JPY: Bear Pressure Builds Up On The 191.93 Level
GBPJPY may be consolidating within its broader range but looks to weaken further towards the 191.93 zone. On the downside, support comes in at the 192.00 level where a violation will aim at the 191.00 level. A break below here will target the 190.00 level followed by the 189.00 level. Its daily RSI is bearish … “GBP/JPY: Bear Pressure Builds Up On The 191.93 Level”
GOLD: Rallies, Resumes Short Term Uptrend
GOLD: The commodity rallied strongly on Wednesday leaving risk of further upside on the cards. This price development leaves bulls on the offensive towards the 1,147.00/1,150.00 area. Support comes in at the 1,126.00 level where a break will aim at the 1,110.00 level. A cut through here will open the door for move lower towards … “GOLD: Rallies, Resumes Short Term Uptrend”
EURJPY: Set To Weaken Further Towards 136.50
EURJPY: The cross remains weak and vulnerable to the downside with eyes on its support located at the 136.50 level. On the downside, support comes in at the 136.50 level where a break will aim at the 136.00 level. A turn below here will target the 135.50 level with a breach turning spotlight on the … “EURJPY: Set To Weaken Further Towards 136.50”