USDCHF: The pair continues to look vulnerable after closing marginally lower the past week. If a follow through lower is seen in the new week, further weakness will follow On the downside, support comes in at the 0.9300 level. A turn below here will open the door for more weakness to occur towards the 0.9250 … “USDCHF: Risk Points Lower On Price Failure”
Category: Forex Bits
6 Factors That Influence Exchange Rates – Infographic &
What factors move currencies? There are quite a few factors causing the swings and in volatile times like these, perhaps all of them are at play at all times. The infographic and video below explain 6 factors that influence the exchange rates. The inforgraphic was first published here.. Please see the explanation video below as well:
EURGBP- Vulnerable, Loses Upside Momentum
EURGBP- With EURGBP seen struggling at higher level prices, it faces the risk of a move lower if failed to surpass its intra day high at 0.7383 level. On the downside, support lies at the 0.7300 level where a break will expose the 0.7250 level. Further down, support comes in at the 0.7200 level where … “EURGBP- Vulnerable, Loses Upside Momentum”
FxPro expands CFD offering
FxPro, a UK regulated and Cyprus based forex broker, has announced a wider offering for clients: more CFDs. FxPro and FXStreet recently kicked off a new advertising model. For more on the new offering, here is the official press release: Here is more from the official press release: 01 June 2015, London. Award winning FX broker … “FxPro expands CFD offering”
USDJPY: Faces Pullback Threats
USDJPY: The pair still remains weak and vulnerable on corrective pullback though seen hesitating during early trading on Wednesday. However, except it returns above the 125.04 level, risk continues to point lower. On the upside, resistance resides at the 125.00 level with a turn above here aiming at the 126.00 level. A break will target … “USDJPY: Faces Pullback Threats”
AUDUSD: Turns Higher On Strength
AUDUSD: With the pair halting its weakness and strengthening, more gain is envisaged. On the downside, support resides at the 0.7650 level where a breach will aim at the 0.7600 level. Below that level if seen will set the stage for a run at the 0.7550 level. A cut through here should target further downside … “AUDUSD: Turns Higher On Strength”
USDCHF: Pulls Back, Loses Upside Momentum
USDCHF: Price weakness saw USDCHF declining the past week with risk of more weakness on the cards. Resistance resides at the 0.9500 level with a breach targeting the 0.9550 level. A breather may occur here and turn the pair lower but if taken out, expect a push higher towards the 0.9600 level. Conversely, on the … “USDCHF: Pulls Back, Loses Upside Momentum”
EURUSD: Closes Flat With Eyes On The Upside
EURUSD: With EUR closing flat the past week, it faces the risk of a move higher in the new week. Resistance is seen at the 1.1050 level with a cut through here opening the door for more upside towards the 1.1100 level. Further up, resistance lies at the 1.1150 level where a break will expose … “EURUSD: Closes Flat With Eyes On The Upside”
USDJPY: Sets Up To Correct Lower
USDJPY: Having capped its strength at the 124.45 level to close marginally higher on a rejection candle on Thursday, further weakness is expected. On the upside, resistance resides at the 124.50 level with a turn above here aiming at the 125.00 level. A break will target the 125.50 level. Further out, resistance comes in at … “USDJPY: Sets Up To Correct Lower”
GBPUSD: Sees Weakness, Eyes Key Support
GBPUSD: With the pair weakening further on Tuesday, further bearishness is envisaged possibly towards the 1.5290 level. On the downside, immediate support lies at the 1.5300 level where a break if seen will aim at the 1.5250 level. A break of here will turn attention to the 1.5200 level. Further down, support lies at the … “GBPUSD: Sees Weakness, Eyes Key Support”