Overall, GBP/USD is trending downwards. Recently, GBP/USD bounced off the support zone of 1.32200. The UK GDP m/m data (Actual: 0.1%, Forecast: 0.4%, Previous: 0.6%) released last Friday indicated a slowdown in economic growth in October. GBP/USD’s next support zone is at 1.32200 and its next resistance zone is at 1.33800. Look for short-term buying...
Overall, EUR/USD is trending downwards. Recently, EUR/USD broke above the key level of 1.13. EUR/USD’s next support zone is at 1.12000 and the next resistance zone is at 1.13900. Look for short-term buying opportunities of EUR/USD.
Overall, USD/JPY is ranging across. USD/JPY’s next support zone is at 112.800 and the next resistance zone is at 115.300. Look for short-term buying opportunities of USD/JPY.
Overall, AUD/USD is trending downwards. The Australian NAB Business Confidence data (Forecast: NA, Previous: 21) will be released tomorrow at 0830 (GMT+8). AUD/USD’s next support zone is at 0.71000 and the next resistance zone is at 0.73000. Look for short-term selling opportunities of AUD/USD.
Overall, NZD/USD is trending downwards. Currently, NZD/USD is testing the resistance zone of 0.67900 and its support zone is at 0.65400. Look for short-term buying opportunities of NZD/USD if it breaks the resistance zone of 0.67900.
Last Friday, USD weakened against most major currencies except CAD. The CPI m/m data released last Friday indicated inflation continued to rise at a fast pace with energy prices being the main drive. Annual headline inflation has also risen to a close to 40-year high level. CPI m/m (Actual: 0.8%, Forecast: 0.7%, Previous: 0.9%) CPI m/m (Actual: 0.5%,...
Overall, EUR/JPY is trending downwards. European Central Bank President Lagarde will be speaking later at 1705 (GMT+8). During this time, there may be volatility in EUR. Currently, EUR/JPY is testing the support zone of 128.500 and its next resistance zone is at 130.000. Look for short-term buying opportunities of EUR/JPY if it bounces off the support zone of 128.500.
Overall, GBP/JPY is trending downwards. Recently, GBP/JPY broke below the key level of 150. The UK GDP m/m data (Forecast: 0.4%, Previous: 0.6%) will be released later at 1500 (GMT+8). Currently, GBP/JPY is testing to break above the key level of 150. Its next support zone is at 148.900 and the next resistance zone is at 151.000. Look for short-term selling...
Overall, USD/CAD is trending upwards. Currently, USD/CAD is testing to break above the key level of 1.27. Its next support zone is at 1.26100 and the next resistance zone is at 1.29000. Look for short-term buying opportunities of USD/CAD if it breaks above the key level of 1.27.
Overall, GBP/USD is trending downwards. The UK GDP m/m data (Forecast: 0.4%, Previous: 0.6%) will be released later at 1500 (GMT+8). Currently, GBP/USD is testing the support zone of 1.32200 and its next resistance zone is at 1.33800. Look for short-term selling opportunities of GBP/USD if it breaks the support zone of 1.32200.
Overall, EUR/USD is trending downwards. European Central Bank President Lagarde will be speaking later at 1705 (GMT+8). During this time, there may be volatility in EUR. Currently, EUR/USD is testing to break below the key level of 1.13. Its next support zone is at 1.12000 and the next resistance zone is at 1.13900. Look for short-term selling opportunities of...
Overall, USD/JPY is ranging across. USD/JPY’s next support zone is at 112.800 and the next resistance zone is at 115.300. Look for short-term buying opportunities of USD/JPY.
Overall, AUD/USD is trending downwards. Currently, AUD/USD is moving towards the support zone of 0.71000 and the next resistance zone is at 0.73000. Look for short-term buying opportunities of AUD/USD if it bounces off the support zone of 0.71000.
Overall, NZD/USD is trending downwards. Currently, NZD/USD is testing the resistance zone of 0.67900 and its support zone is at 0.65400. Look for short-term buying opportunities of NZD/USD if it breaks the resistance zone of 0.67900.
Yesterday, USD strengthened against most major currencies except GBP and JPY. The Unemployment Claims data (Actual: 184K, Forecast: 218K, Previous: 227K revised from 222K) released yesterday indicated a stronger than expected decline in the number of personnel claiming for unemployment benefits. The CPI m/m data will be released later at 2130 (GMT+8). CPI m/m...
I admire folks that are willing to put their trading out there for comment and criticism. It takes a lot of emotional control to trade in isolation much less when under public scrutiny. Cathie Wood was the idol of the trading world last year and widely followed for her style of exciting and parabolic investing as well as her public charisma and confidence. ...
Overall, EUR/JPY is trending downwards. Recently, EUR/JPY broke the resistance zone of 128.500. Currently, EUR/JPY is testing to break above the key level of 129. Its next support zone is at 128.500 and its next resistance zone is at 130.000. Look for short-term buying opportunities of EUR/JPY if it breaks above the key level of 129.
Overall, GBP/JPY is trending downwards. Currently, GBP/JPY is bouncing up from the key level of 150. Its next support zone is at 148.900 and the next resistance zone is at 151.000. Look for short-term selling opportunities of GBP/JPY if it breaks below the key level of 150.