EUR/JPY EUR/JPY eyes at 127.51 as JXY continues to gain shortly against the bucket of currencies. Next Resistance at 130.15 Support - 127.51
EUR/USD is to break above 1.15 Limit - 1.1563 Looking long oppertunities if the price pulls back from the Reaccumulation.
GBP/USD Outlook Resistance - 1.3645 Support - 1.3385 * The price action seems to be respecting the trend. * US economic docket. Markets expect the employment in the private sector to increase by 400,000. Look for Selling opportunities if the price bounces back from 1.3645.
Resistence - 1.8427 Support - 1.8248 GBP/AUD still displays an ascending triangle , If the price breaks the Key Level (1.8427) we can expect a possible break-out to next Resistance at 1.85 If then look for buying opportunities. On the downside If the price pull down at 1.8248 ( Fib/R 61 % ) expect a short continuation of berish.
UK and the EU renew Brexit negotiations over the Northern Ireland protocol. Meanwhile the Australian Dollar seems to have moved mostly sideways & GBP/AUD seems to moving as an Ascending Triangle Pattern which indicates Often a bullish chart pattern.
CAD/USD Bull The U.S. dollar garnered a bit support after U.S 10-year Treasury yields halted their slide in Asia and climbed from 1.634% to 1.654% in New York. Canadian Retail Sales rose 2.1% in August, as expected BUT dropped 1.9% in September. R/L - 1.2410 S/L - 1.2313
AUD/USD OUTLOOK AUD seems to have shown mildly bullish outlook as Australian data released tend to be quite encouraging. AUD/USD has crossed resistance 0.7310,but most likely to look-down at the next Resistance 0.7380. Look for selling opportunities if the price pull-back at 0.7380. Resistance - 0.7380 Support - 0.7231
EUR/JPY Rebounds . * The Japanese National Core CPI is to release tomorrow . Currently, EUR/JPY is testing the resistance zone of 129.6 and the next support zone is at 128.33. On the downside, If the price gets back from 38% Fib to 23% ,I can slip towards 128.33. Look for short-Term buying opportunities if the pull up from 128.72. Entry - 128.72 Limit - 129.68
EUR/GBP - GBP looks stronger against EUR ! * GBP jumped after U.K. Core Consumer Price Index (CPI) YoY printed 3.1% ( Prev 1.9%) , Core CPI MoM (MoM) (Aug) - 0.7% ( Prev 0.5%) After testing daily gain 0.8562,the prices slipped back to 0.8500, the Pair seems to be re-visiting the support 0.8500, a down-break of 0.8500 can expect the continuation of bearish...
EUR/USD - OUTLOOK * U.S Retail sales Increased by 0.7% in August.The report that printed that retail sales rose by 0.7% which is an encouraging fact to the U.S economy. *The Initial Jobless Claims and Continuing Jobless Claims reports are also released with visible decrement such as the Continuing Jobless Claims report decreased from 2.852K to 1665K. EUR/USD...
AUD/USD outlook . As I expected, the AUS/USD has broken 0.733 level & continues to hit 0.7293 level which is 50% Fib.R, ,If the price breaks level 0.7305 to 50% Fib , I would probably expect it to continue its journey below 50% Fib.R towards 0.72 Zone. On the upside, If the price bounces back from 0.7293, We only could expect a GREEN-LIGHT if the price hit...
AUD/USD - U.S DOLLAR GETS STRONGER AGAINST AUD Recently AUD/USD pulled back from the zone 0.7479,Now the pair seems to be floating under the selling pressure as U.S dollor being stronger against AUD, a break under 0.733 could see the price lower as currenly the price is floating between the 23.2% & 38.2% Fib/R. The price is re-testing at 0.733 level, Looking...
EUR/USD * European Central Bank left its rates unchanged 0.00% * ECB maintained the emergency bond-buying program at €1,850 Technical Outlook EUR/USD is above the 38.2% retracement, the price is Re-testing the point 1.1815 after a successful touch at 38.2% Fibonacci retracement, however currently the price is below 23.60 Fibonacci retracement. We can expect...
* U.S. Dollar Index failed to run above the resistance 92.80 GBP/USD might have a green light if the Dollar Index continues to move down from the current level. * Initial Jobless claims report is to release. - Sep 09, 2021 Forecast (335K) Previous (340K) - As I expected with the previous analysis, the pair reached around 1.3733 and then pull - back right at...
* The U.S. Dollar Index managed to settle above 92.15. * GBP/USD floats under selling pressure. * UK BRC Retail Sales Monitor(YOY) showed at 1.5% * U.K Inflation Report hearing is to release. The pair has fallen below its 20 and 200 SMAs. The Pair will open the way to the Re-test of the next support at 1.3766, If GBP/USD declines below this level, it will head...
GBP/USD IN ITS RECOVERY. GBP/USD seems to be struggling to stay above 1.3889, however the pair successfully touched the zone 1.3889 and turned to be bearish-ed towards the zone 1.3791 with few points above at 38.20% Fb. Retracement. Currently, GBP/USD is tested below 1.3821 ,We can expect bullish continuation towards 1.3952 area if the price re-bounce from...
EUR/USD with light holidays The U.S. economic calendar is light for what will be a holiday-shortened week. Initial Jobless Claims is to hold on coming Thursday; these numbers could command more attention to USD than usual and will be more forced as the FED's disappointed with August employment report. On the hand other hand, Euro-area inflation data surprised...