EUR/USD moving towards support level
Price Movement
Yesterday, EUR/USD went up by around 50pips before coming back down for around 20pips.
Trend
Overall, EUR/USD is trending downwards.
Macro Background
None.
Important Issue
None.
Technical
Yesterday, EUR/USD tested and rejected the 1.30 key level.
EUR/USD went on to break the resistance level of...
GBP/USD broke key levels
Brexit optimism
Price Movement
Since yesterday, GBP/USD had moved up by around 150pips.
Trend
Overall, GBP/USD is moving on a downtrend.
Macro Background
No major economic data release.
Important Issue
Yesterday, pound strengthened upon the announcement that British Prime Minister Theresa May is still looking to reopen the...
USD/JPY heading towards resistance level
Price Movement
Since yesterday, USD/JPY has been moving within a 45pips range.
Trend
USD/JPY is trending upwards.
Macro Background
No major economic data release.
Important Issue
None.
Technical
Currently, USD/JPY is moving towards the resistance level of 111.034.
Price Levels
Current Price:...
AUD/USD testing resistance level
Price Movement
Since yesterday, AUD/USD had moved up by around 40pips.
Trend
Overall, AUD/USD is moving on a downtrend.
Macro Background
No major economic data release.
Important Issue
None.
Technical
AUD/USD is currently testing the resistance level of 0.71636.
Price Levels
Current Price: 0.71660
Next...
The price
The price is back above the EMA200 on daily time frame after 9 months of downtrend. In fact, since the index has scored new absolute highs above 33000 points, the price has started to fall until the support around 24500 points and from here it has restarted.
Technical analysis
Technically the price is now above the new dynamic support (identified...
Muted USD/CAD movement
Price Movement
Since yesterday, USD/CAD has been moving within a 40pips range.
Trend
Overall, USD/CAD is moving on an uptrend.
Macro Background
No major economic data release.
Important Issue
None.
Technical
USD/CAD is currently moving within the resistance level of 1.33570 and the support level of 1.32108.
Price Levels...
EUR/USD rejected EUR/USD
Price Movement
Since yesterday, EUR/USD has been moving within a 40pips range.
Trend
EUR/USD is moving on a downtrend.
Macro Background
No major economic data release.
Important Issue
None.
Technical
Yesterday, EUR/USD tested and rejected the 1.13256 resistance level.
Price Levels
Current Price: 1.13011
Next...
GBP/USD testing key level
British Average Earnings Index
Price Movement
Since yesterday, GBP/USD has been moving on a 50pips range.
Trend
GBP/USD is moving on a downtrend.
Macro Background
The British Average Earnings Index measures the change in the price businesses and the government pays for labor (including bonuses).
It is scheduled for release...
Muted USD/JPY movement
Price Movement
Since yesterday, USD/JPY has been moving within a 25pips range.
Trend
USD/JPY is moving on an uptrend.
Macro Background
No major economic data release.
Important Issue
None.
Technical
USD/JPY is currently moving in between the resistance level of 111.318 and the support level of 109.744.
Price Levels...
AUD/USD testing support level
Price Movement
Since yesterday, AUD/USD had moved down by around 30pips.
Trend
AUD/USD is moving on a downtrend.
Macro Background
No major economic data release.
Important Issue
None.
Technical
AUD/USD is currently testing the support level of 0.71339.
Price Levels
Current Price: 0.71209
Next Resistance:...
USD/CAD rejected key level
U.S. Bank Holiday
Price Movement
Since last Friday, USD/CAD moved down by around 50pips.
Trend
Overall, USD/CAD is moving on an uptrend.
Macro Background
No major economic data release.
Important Issue
As U.S. banks will be closed in observance of Presidents’ Day, expect lower than usual trading volatility and volume.
...
EUR/USD testing resistance
U.S. Bank Holiday
Price Movement
Since last Friday, EUR/USD moved down by around 40pips before moving back up by around 60pips.
Trend
EUR/USD is trending downwards.
Macro Background
No major economic data release.
Important Issue
As U.S. banks will be closed in observance of Presidents’ Day, expect lower than usual...
GBP/USD testing key level
U.S. Bank Holiday
Price Movement
Last Friday, GBP/USD had moved up around 120pips.
Trend
Overall, GBP/USD is trending downwards.
Macro Background
No major economic news release.
Important Issue
As U.S. banks will be closed in observance of Presidents’ Day, expect lower than usual trading volatility and volume.
Technical...
U.S. Bank Holiday
Price Movement
Since last Friday, USD/JPY has been moving within a 40pips range.
Trend
USD/JPY is trending upwards.
Macro Background
No major economic data release.
Important Issue
As U.S. banks will be closed in observance of Presidents’ Day, expect lower than usual trading volatility and volume.
Technical
Currently, USD/JPY...
AUD/USD broke key levels
U.S. Bank Holiday
Price Movement
Since last Friday, AUD/USD had moved up by around 70pips.
Trend
Overall, AUD/USD is moving on a downtrend.
Macro Background
No major economic data release.
Important Issue
As U.S. banks will be closed in observance of Presidents’ Day, expect lower than usual trading volatility and volume.
...
USD/CAD testing key level
Price Movement
Since yesterday, USD/CAD moved up by around 80pips before coming back down by around 50pips.
Trend
USD/CAD is moving on an uptrend.
Macro Background
No major economic data release.
Important Issue
None.
Technical
USD/CAD is currently testing the 1.33 key level.
Price Levels
Current Price: 1.32892
Next...
EUR/USD rejected key level
Price Movement
Since yesterday, EUR/USD has been moving within a 60pips range.
Trend
EUR/USD is trending downwards.
Macro Background
No major economic data release.
Important Issue
None.
Technical
Yesterday, EUR/USD tested and rejected the 1.13 key level.
Price Levels
Current Price: 1.12278
Next Resistance:...
GBP/USD broke support level
British Retail Sales m/m
Price Movement
Since yesterday, GBP/USD had moved down for around 60pips.
Trend
GBP/USD is trending downwards.
Macro Background
The British Retail Sales data measures the change in the total value of sales at the retail level.
It is scheduled to be released later at 1730 (SGT).
It is expected to...
