Forecast and technical analysis GBPUSD on April 5, 2016. GBPUSD in limbo around 1.4250

Tags: 

Pair's Outlook
On Monday the GBP/USD currency pair reconfirmed the six-week up-trend, but recovering from its intraday low and edging over the 1.43 level. However, the Cable was unable to maintain trade that high, with trade ultimately closing just on top of the monthly PP. Resistance remains strong today, but more USD weakness could push the pair higher and once again over the 1.43 mark. On the other hand, supply just above today's opening price might cause the exchange rate to drop back towards the up-trend, with a chance of the 1.42 psychological level being pierced if fundamentals turn in the Buck's favour.

Forecast and Technical Analysis of the Gold Futures on April 4, 2016

Tags: 

Pair's Outlook
Technical trading of the bullion remains uncertain at the moment, because there are several important resistances and supports surrounding the present spot price of 1,217. From the upside, the weekly pivot point at 1,224 is the most immediate supply, followed by the 23.6% Fibonacci retracement of the Dec-Mar uptrend and the 20-day SMA at 1,227/30. Still, we suspect that the market will attempt to push gold prices lower in the near-term. However, XAU/USD will inevitably hit a tough cluster of demand levels and the first support is going to be placed at 1,205 (weekly S1; 55-day SMA).

Forecast and technical analysis EURUSD on April 4, 2016. EURUSD prepares for gains, FOMC minutes loom.

Tags: 

Pair's Outlook
Friday's wide trading resulted in no gains for both sides of the market. EUR/USD attempted to grow to 1.1440 and decline as low as 1.1340, but ultimately a small green candle confirmed that the pair added only 11 pips over the day to end it near 1.1389. Odds are biased in favour of the bulls this week, as the weekly R1 (1.15) along with the October 2015 peak are opened to testing. There are no intermediate resistances on the pair's way up. Moreover, the aggregate signal provided by daily technical indicators is positive for the Euro zone's currency.

Forecast and technical analysis GBPUSD on April 4, 2016. GBP/USD risks falling back under 1.42.

Tags: 

Pair's Outlook
Last Friday the GBP/USD currency pair declined more than anticipated, having pierced the immediate support cluster and put the short-term up-trend to the test. The Cable is now expected to rebound from the mentioned support line, which is located on top of the 1.42 major level. However, the rally is likely to be short-lived, unless the Sterling manages to climb over a tough supply area around 1.4270, represented by the weekly and the monthly PPs, the 20 and the 55-day SMAs. On the other hand, in case the five-week up-trend fails to cause a rebound, the next target would then be the weekly S1 and the Bollinger band, both located around 1.4075.

Ekskluzywny szwajcarski handel ECN FOREX

Tags: 

Ekskluzywny szwajcarski handel ECN FOREX

Dukascopy Bank jest innowacyjnym szwajcarskim bankiem dostarczającym internetowe i mobilne usługi handlowe (skupiające się na wymianie walut, kruszców i opcji binarnych), usługi bankowe i inne usługi finansowe za pośrednictwem własnych innowacyjnych rozwiązań technologicznych. Firma została założona 2 listopada 2004 w Genewie, w Szwajcarii, gdzie ma swoją siedzibę. Dukascop Bank jest regulowany przez szwajcarskiego regulatora rynków finansowych FINMA zarówno jako bank i jako dealer papierów wartościowych.

Forex Forecast and Technical Analysis EURUSD on March, 21 2016

Tags: 

Expected Euro Fluctuations in 1.1250 – 1.3335 range

Yesterday’s Trading:
The euro/dollar on Friday closed down. The ECB’s head economist Peter Praet hinted at a possible extension of their current monetary stance. The euro found a support at 1.1255. From here the rate restored to 1.1306. US stats helped it to restore to this level. The strengthening underwent some interference from the euro/pound which had fallen from trade close in the US.

Pages

Subscribe to Forex Daily Forecasts | Currency Exchange Rates | Forex Trading RSS