EUR/CHF – Sells seems to be the best trade

EUR/CHF – D1 Our expectations: Medium-term downward trend and price after correction to key levels of resistance. Ability to trade after a bull fake confirmation Price Action. SL: 1.15264. Alternative Scenario: If the price goes above the resistance zone, the negative scenario will be spoiled and more likely to observe an increase in the pair’s […]

EUR/USD: sentiment and technical analysis

Sentiment As we described in today’s article, GBP/USD: sentiment and technical analysis, from the middle of August the sentiment towards the euro and the pound has been improving. This is especially true of the euro, which according to the Economic Surprise Index has experienced continually better economic data releases for the past few months: The […]

The breaking point for EUR/USD, the winners from Brexit: European session today (28.08.2018)

Asian shares continued drifting higher during today’s Asian session; the MSCI Asia Pacific index rose 0,4% during today’s session. The rise most likely reflects increased optimism after the US-Mexico trade deal. By the end of the session, however, Chinese stocks had erased most of their gains. USD/MXN fell 0,8% after yesterday’s official announcement on the […]

EUR/JPY – Technically and fundamentally, the growth seems more likely

EUR/JPY – D1 Our expectations – The traders began to accumulate the good tone of the meeting between Jean-Claude Juncker and Donald Trump as positive for both the indexes and the euro. If we look at the ECB, good trade relations between the US and the EU are welcome and in line with the central […]

J. Powell optimist about the US economy, USD stay under pressure

Jerome Powell’s speech sill run, but we can conclude that the Fed’s mid-term US economy’s expectations remain strong. Powell’s comments led to an initial USD growth, after which the US currency weakened. As for the EUR/USD and the GBP/USD, the price remains above key support levels, but if overtaken, it will likely be a sharp […]

EUR/USD – Bulls still in charge

EUR/USD – Weekly outlook Our expectations – the Euro-bulls made a serious request to rise on the last day of the week, ensuring the sustainability of the support level in the area between 1.1400 / 1.1500. In the past five weeks, the dollar growth has tested the resistance of the zone formed by a horizontal […]

EUR/AUD – Short seems more likely

FX Forecast – EUR/AUD D1 Short Our expectations – The pair went below key technical levels, succeeding in breaking the long-term upward trend. The price is below a strong resistance zone formed by a horizontal, upper diagonal, 23.6% Fibonacci correction and 200SMA. Price Action – Double bear pin bar in the resistance zone. Formation is […]

EUR/USD – The probability of free fall of the pair jumped drastically

Even as EUR/USD continues to set fresh year-to-date lows, a quick look at CFTC positioning suggests there could be more pain ahead for the common currency. The recent decline in net non-commercial euro contracts has largely been a reflection of growing short wagers against the currency, rather than long positions being unwound. Should some of […]

ECB Warns on Trade Tensions as Euro-Area Economy Falters

The European Central Bank warned that a rise in trade protectionism would undermine the global economy, and said the U.S. would be among the worst-affected. The cautionary comments coincide with data showing factory orders in Germany unexpectedly slid for a third month in March, another sign of the weakness that’s dogged the euro-area economy since […]

EUR/NZD – Key Bulls support levels

FX forecast / EUR/NZD – D1 / H4 / Our expectations EUR/NZD – D1 (Main Chart) The pair is in the long-term uptrend and after correction. The price forms a triangular formation at the top, and then we see a breakthrough in the ascending direction and a subsequent short-diagonal test at the moment. Support for […]