Category: Info

USD/JPY has an open door to rise above 110

The Technical Confluences Indicator shows that after the USD/JPY broke to the highest since February, it faces a dense cluster of resistance only at ¥110.25. This area is the meeting place of the Pivot Point one month R3 and the Simple Moving Average 200-one-day. Both are long-term, potent levels. The pair may face light resistance at ¥109.50, […]

Alla handlare har förlustperioder på vägen mot vinst

Att vara lönsam på forexmarknaden är vad vi alla vill göra. Vi mäter detta ofta genom att kvantifiera våra resultat i form av vinst mot förluster. Ändå kan denna åtgärd inte vara tillräcklig för att upprätthålla vår motivation. Alla handlare har förlustperioder på vägen mot vinst. Som ett resultat kan en enstaka vinstbegäran vara en […]

EUR/USD: A Cautious ECB To Keep A Lid On EUR – Barclays

The European Central Bank convenes on Thursday to make its decision. Will Draghi drag the euro down? Here is the view from Barclays: Here is their view, courtesy of eFXdata: Barclays Research discusses the EUR outlook around the ECB meeting on Thursday and expects a cautious tone from President Draghi which could keep the EUR contained for […]

The pound has one strong support line left before it’s a free-fall

The GBP/USD remains under immense pressure as the US Dollar storms the board. The Technical Confluences Indicator shows a dense cluster of support around $1.3915. This is the convergence of many significant technical levels: the Fibonacci 61.8% one-month, the Bolinger Band one-day Lower (Stdv. 2.2), the BB 1h-Lower, the one-day high, and more. Below this line, the […]

Bears are mounting against EUR/USD – 1.2155 is in sight

The EUR/USD is trading at the lowest levels since March 1st after falling for four consecutive days. Higher US bond yields are the primary driver, but euro-zone figures are not helpful. The technical picture is decidedly bearish with negative momentum. The EUR/USD is trading around $1.2190, the lowest level since it hit a low of $1.2155 on […]