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AUD/USD Outlook May 28 – June 1

posted by Avatar forexcrunch 3 hours ago in USD, AUD, Technical made popular 1 hour ago

The Australian dollar managed to hold steady this week, but has still lost around six cents against the US dollar in the month of May. The upcoming week is quite busy, with nine releases. Here is an outlook for the Australian events, and an updat read more
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Daily Summary on USD, Euro, GBP, JPY, CAD, AUD and NZD

posted by Avatar peppercorn 1 day 16 hours ago in USD, EUR, JPY, GBP, CAD, AUD made popular 1 day 15 hours ago

Risk aversion has continued to support the USD in its role as "safe-haven" asset with the ongoing fears that the Eurozone remains on shaky ground. Meanwhile, the outlook for the US economy continues to improve with consumer confidence far surpassing ... read more
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Flash: EUR/USD Gexit might even affect the euro negatively Commerzbank

posted by Avatar delioncourt 1 day 16 hours ago in EUR made popular 1 day 16 hours ago

Should this development be confirmed EUR-USD might lose considerable ground in the run-up to the elections". Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work ... read more
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USD/CAD Trading in an Ascending Triangle

posted by Avatar FXTimes 1 day 22 hours ago in USD, CAD, Technical made popular 1 day 22 hours ago

The USD/CAD continues to tap at the 1.03 handle. The 1.0280 and 1.0315 levels are previous resistance pivots. The 1H chart shows the market in an ascending triangle. There is also a sign of bullish momentum bias as the RSI failed to break below 4 read more
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EUR/USD Cracks 1.25; 1.2330-1.2350 is the Next Key Support

posted by Avatar FXTimes 1 day 23 hours ago in USD, EUR, Technical made popular 1 day 21 hours ago

The EUR/USD continues to hold below 1.26. We can see in the 1H chart that the attempt to break it in the 5/24 US session was quickly rejected even though 1.26 was cracked. After a bounce from the week’s low near 1.2510, there was another test of read more
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EUR/JPY and GBP/JPY at Declining Channel Support

posted by Avatar FXTimes 2 days ago in EUR, JPY made popular 1 day 23 hours ago

Basically in both the EUR/JPY and GBP/JPY, we are ready for some corrective rally. However, there is still further downside before some more key support factors come in play. So without confidence for the bullish outlook from the current support, read more
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Daily Technical Strategist: GBPJPY

posted by Avatar FXTechstrategy 2 days ago in GBP, Technical, Daily made popular 1 day 22 hours ago

GBPJPY – Having continued to hold on to its broader downside GBPJPY looks to target the 124.63 level. read more
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EUR/JPY-Down trend strong, 99.25 first support

posted by Avatar forexlover 2 days ago in EUR made popular 2 days ago

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your ... read more
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USD/JPY: Worth a medium-term long play?

posted by Avatar penpip 2 days ago in USD, AUD made popular 2 days ago

Reports from prime brokers suggest that the market is heavily short EUR/JPY and I'm guessing that there are similar shorts in risk-aversion plays like AUD/JPY as well. I'm thinking that the trade which is most likely to surprise could be a USD/JPY ... read more
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Spike of EUR/USD Leads to Speculation About SNB Intervention

posted by Avatar commodityblog 2 days ago in USD, CHF, Fundamental made popular 2 days ago

The Swiss franc fell after a spike of the EUR/USD currency pair lead to speculations that the Swiss National Bank may take additional measures to erode the role of the franc as a safe haven read more
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GBP/USD Trading at the February/March Consolidation Support

posted by Avatar FXTimes 2 days ago in USD, GBP, Technical made popular 2 days ago

The GBP/USD has been very bearish since the BoE inflation report and Mervyn King’s testimony revealed that QE is still on the table. Inflation has been checked, and recent inflation data confirmed the trend of stabilizing prices. Lower commodity read more
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Daily Chart Art - May 24, 2012

posted by Avatar EJSuratos 2 days ago in Technical, Daily made popular 2 days ago

If you're hungry for more piptastic setups, then gather 'round playas! Feast your eyes on these charts on AUD/USD, USD/CHF, and USD/JPY! read more