What does todays action in the currencies mean for tomorrows trade? Here are a few things we are keeping a close eye on as we approach the mid-point of the week.
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With the pair weakening further during Tuesday trading session, more decline is envisaged with eyes on its psycho support at 1.1700
Elliott wave analysis on AUDUSD and GBPUSD.
Import prices increased .7% in September from a month earlier, which is the largest monthly rise since an increase of .7% in June 2016.
EUR weighed down further by weak technicals, cross selling. GBP cant hold bid from in-line UK CPI. USDCAD up on rising US yields.
AUDUSD is correcting cycle from 10/6 low as a zigzag and while bounces stay below 0.7897, it could see another leg lower to end the zigzag correction
The USD/CHF simply consolidated yesterday, but a rise in momentum is expected any time this week. Soon, price would either go above the resistance level at 0.9850; or
What was moving in the currency markets today? Here are some of the things we took note of.
Momentum is getting stronger
Bullish trend is present in EUR/USD currency pair, 15 minutes chart. As I have suggested via my Elliott Wave Analysis few hours ago, during my daily Forex Live Trading Room session, the price of...
The pair continues to see price hesitation below its key resistance at 1.3337 level.
S&P 500, Dow Jones and NASDAQ futures advanced to new record highs with gains linked to better than expected corporate earnings, the relatively low global interest rate environment and optimism about global...
The broader USD starts the week mixed Austria elects non-establishment Kurz over the weekend EUR net long extends to highest since 2011 as longs add
Good day traders! Today let's look at Gold and Crude oil.
The EUR/USD is bullish both in the long-term and the short-term. However, the outlook on this pair is bearish for this week, and so it is for other EUR pairs.
Good evening traders! Let's take a look at AUDUSD and its daily price movement.
With the pair taking back its previous week losses at the end of the week, more recovery could be seen
With the pair closing marginally lower on rejection candle on Friday, it now looks to recover further higher.
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