EURGBP- Having continued to weaken, the cross looks to extend that weakness. On the downside, support lies at the 0.6900 level where a break will expose the 0.6850 level. Further down, support comes in at the 0.6800 level where a violation will turn attention to the 0.6750 level. On the upside, resistance lies at the … “EURGBP- Declines Further”
Category: Forex Bits
Orbex Launches New Affiliate Dashboard
Cyprus based forex broker Orbex launches a new innovative affiliate dashboard, expanding its B2B business that has been with us since 2010. Here are more details from the official press release: Orbex investment firm and an international forex broker has updated its Partners Area, bringing the new technology to affiliates from around the world. Orbex has … “Orbex Launches New Affiliate Dashboard”
Euro Slides as Sellers Control
Talking Points Euro failed to digest Greece outcome and was seen trading lower against the US Dollar. Germany Consumer Price Index released by the Statistiches Bundesamt Deutschland posted a decline of -0.1% in June 2015, compared with the preceding month. Italian Consumer Price Index released by the Italian National Institute of Statistics registered an increase … “Euro Slides as Sellers Control”
USDJPY: Bullish, Faces Further Upside Threats
USDJPY: H With a follow through higher on the back of its Friday gain seen during Monday trading session, more strength is envisaged. On the upside, resistance resides at the 124.00 level with a turn above here aiming at the 124.50 level. A break will target the 125.00 level. Further out, resistance comes in at … “USDJPY: Bullish, Faces Further Upside Threats”
AUDUSD: Strengthens, Maintains Recovery Tone
AUDUSD: With AUDUSD triggering a recovery higher, further bullishness is envisaged. On the upside, resistance resides at the 0.7500 level where a breach will aim at the 0.7550 level. Below that level if seen will set the stage for a run at the 0.7600 level with a cut through here targeting further downside towards the … “AUDUSD: Strengthens, Maintains Recovery Tone”
GBPUSD: Targets Further Downside
GBPUSD: Despite its present price hesitation, it faces downside pressure. On the downside, support lies at the 1.5400 level where a break if seen will aim at the 1.5350 level. A break of here will turn attention to the 1.5300 level. Further down, support lies at the 1.5250 level. Its daily RSI is bearish and … “GBPUSD: Targets Further Downside”
USDCAD: Sets Up To Weaken On Correction
USDCAD: With USDCAD strengthening further on Tuesday , it faces further upside risk. However, having lost a lot of those gains on Tuesday, we could see a correction lower in the days ahead. It was seen declining as at the time of this analysis. On the upside, resistance is seen at the 1.2800 level followed … “USDCAD: Sets Up To Weaken On Correction”
Mickey Winitsky appointed CEO of MarketsPulse
MarketsPulse, a provider of binary options solutions, has made a change in the top: Mickey Winitsky replaces co-founder Rachely Esman. Here is the official press release which also includes new plans for the future: MarketsPulse Appoints New CEO to Lead Next Phase of Corporate Growth Mickey Winitsky is appointed MarketsPulse’s new CEO and will execute company’s … “Mickey Winitsky appointed CEO of MarketsPulse”
AFXANTS launches algorithm for trading forex, other instruments
A new European startup based in Cyprus has launched a new algorithm using AI. Here are the details from the official press release provided by the company: A new start-up from Europe is disrupting how Trading is done and is picking up a lot of attention from retail traders and large institutional clients. AFXANTS developed the … “AFXANTS launches algorithm for trading forex, other instruments”
GBPUSD: Continues To Face Downside Threats
GBPUSD: With GBP extending its weakness the past week, further downside pressure is likely. As at the time of this analysis, it was seen pressuring the downside suggesting more weakness. On the downside, support lies at the 1.5500 level where a break if seen will aim at the 1.5450 level. A break of here will … “GBPUSD: Continues To Face Downside Threats”