Category: Info

EUR/USD still looking bullish despite losing the highs

The EUR/USD is back to the drawing board after setting new highs on Monday. Tensions around trade and the Fed keep ranges tight. The technical picture is mixed for the pair. The EUR/USD is back to the mid 1.1700s after rising on Monday. The US is slightly stronger today. The pair hit new two-month highs on Monday […]

EUR/USD faces a hard ceiling if it tried to rise again

The EUR/USD is back to the well-known range after testing the upside. The next attempt may face a hard wall. The Technical Confluences Indicator shows that the pair is mired around 1.1760 in a dense cluster which includes the Fibonacci 23.6% one-week, the Bolinger Band 15m-Upper, the Simple Moving Average 50-one-hour, the SMA 5-4h, the SMA 200-15m, the Bolinger Band one-hour […]

GBP/USD: Can it recover? The Brexit noise continues

The GBP/USD is attempting a recovery after the big fall on Friday. The British government is considering its next steps. The technical picture is not as bullish as it used to be. The GBP/USD is trading around 1.3100, trying to make its way back up after crashing on Friday. The EU rejected Britain’s Chequers plan […]

GBP/USD: The next downside target is below 1.3000

The GBP/USD is licking its wounds after UK PM May sent it lower on Friday and as reports of a snap election are a concern. Where can cable fall to? The Technical Confluences Indicator shows that the GBP/USD is struggling around 1.3075 which is a dense congestion of levels including the Simple Moving Average 5-4h, the SMA 10-15m, the SMA 50-15m, the […]

GBP/USD Forecast Sep. 24-28 – Brexit roller coaster continues

GBP/USD had another volatile as top-tier figures competed with Brexit headlines and sent the pair in all directions. What’s next? The final GDP release stands out. Here are the key events and an updated technical analysis for GBP/USD. Brexit optimism around the Salzburg Summit was shattered when the EU rejected the Chequers proposal outright. The response […]