EUR/USD testing support level Price Movement Since last Friday, EUR/USD has been moving within a 40pips range. Trend EUR/USD is currently trending downwards. Macro Background No major economic data release. Important Issue None. Technical EUR/USD is currently testing the support level of 1.13256 Price Levels Current Price: 1.13238 Next...
British GDP m/m & Preliminary GDP q/q British Manufacturing Production m/m Price Movement Since last Friday, GBP/USD has been moving indecisively within a 50pips range. Trend GBP/USD is currently ranging across. Macro Background The Gross Domestic Product (GDP) measures the change in the total value of all goods and services produced by the...
Japanese Bank Holiday (National Foundation Day) Price Movement Since last Friday, USD/JPY has been moving within a 25pips range. Trend Overall, USD/JPY is trending upwards. Macro Background No major economic data release. Important Issue As Japanese banks will be closed in observance of National Foundation Day, expect lower trading volume and...
AUD/USD testing key level Price Movement Since last Friday, AUD/USD had moved up by around 35pips. Trend AUD/USD is currently trending downwards. Macro Background No major economic data release. Important Issue None. Technical AUD/USD is currently testing the 0.71 key level. Price Levels Current Price: 0.70988 Next Resistance: 0.71339 Next...
USD/CAD broke key level Canadian Employment Data Price Movement Since yesterday, USD/CAD had moved upwards for around 70pips. Trend USD/CAD is currently trending upwards. Macro Background The Employment Change measures the change in the number of employed people during the previous month. It is expected to perform worse than previous month. The...
EUR/USD rejected support level Price Movement Since yesterday, EUR/USD has been moving within a 40pips range. Trend EUR/USD is currently trending downwards. Macro Background No significant economic data release. Important Issue None. Technical Yesterday, EUR/USD tested and rejected the support level of 1.13256. Currently, EUR/USD is hovering...
GBP/USD rejected key levels Price Movement Since yesterday, GBP/USD has been moving indecisively, moving down by around 65pips, followed by an upward move of around 140pips and coming back down by around 50pips. Trend GBP/USD is currently moving on a downtrend. Macro Background No significant economic data release. Important Issue None. Technical...
USD/JPY testing support level Price Movement Since yesterday, USD/JPY moved up by around 30pips before coming back down to around where it started. Trend Overall, USD/JPY is moving on an uptrend. Macro Background No significant economic data release. Important Issue None. Technical Yesterday, USD/JPY tested and rejected the 110 level. Currently,...
AUD/USD broke key level RBA Monetary Policy Statement Price Movement Since yesterday, AUD/USD had moved downwards by around 30pips. Trend AUD/USD is trending downwards. Macro Background In the monetary policy statement released this morning, the RBA mentioned that “The Bank’s growth forecasts have been revised down in light of recent data,...
USD/CAD broke resistance Price Movement Since 1st February, USD/CAD had moved up by around 90pips. Trend Overall, USD/CAD is trending downwards. Macro Background No major economic data release. Important Issue None. Technical USD/CAD broke the resistance level of 1.32108. Price Levels Current Price: 1.32405 Next Resistance: 1.33570 Next...
EUR/USD broke key levels Price Movement Since 1st February, EUR/USD had moved downwards for around 100pips. Trend EUR/USD is currently trending downwards. Macro Background No major economic data release. Important Issue None. Technical Recently, EUR/USD broke the support level of 1.14138 and the key level of 1.14000. It is currently heading...
British Interest Rate Announcement British Monetary Policy Summary BOE Governor Carney Press Conference Price Movement Since 1st February, GBP/USD had moved downwards for around 170pips. Trend GBP/USD is currently trending downwards. Macro Background Tonight at 2000 (SGT), the Bank of England will announce its official bank rate. The rate is...
USD/JPY testing support level Price Movement Since 1st February, USD/JPY had moved upwards for around 80pips. Trend USD/JPY is currently on an uptrend. Macro Background No major economic data release. Important Issue None. Technical USD/JPY is currently testing the support level of 109.744. Price Levels Current Price: 109.775 Next Resistance:...
AUD/USD broke support levels Future rate cut possible from Australian Central Bank Price Movement Since 1st February, AUD/USD has moved downwards by around 150pips. Trend AUD/USD is currently on a downtrend. Macro Background Yesterday, at the National Press Club in Sydney, RBA governor Philip Lowe highlighted that the chance of an interest rate cut...
Using the bigger picture - I have noted a few key areas worth watching for potential pending orders to go long. This setup will be discussed on the live sessions during the week of Feb 4 - 8 Trading Involves Risk - I am not a financial advisor and do not know your current situation... so practice on a demo account.
U.S. Employment Data Price Movement Since yesterday, USD/CAD has been ranging within a 45pips range. Trend USD/CAD is on a downtrend. Macro Background The Average Hourly Earnings measures the change in the price businesses pay for labor (excluding the farming industry). It is expected to perform worse than previous month. The Non-Farm Employment...
EUR/USD broke support level U.S. Employment Data Price Movement Since yesterday, EUR/USD has been moving down for around 60pips. Trend EUR/USD is currently trending up. Macro Background The Average Hourly Earnings measures the change in the price businesses pay for labor (excluding the farming industry). It is expected to perform worse than previous...
GBP/USD testing key level U.S. Employment Data Price Movement Since yesterday, GBP/USD has been moving indecisively. Trend GBP/USD is on an uptrend. Macro Background The Average Hourly Earnings measures the change in the price businesses pay for labor (excluding the farming industry). It is expected to perform worse than previous month. The Non-Farm...