CAD Canada – (BoC) Interest Rate Decision: 1.75% vs 1.75%

(BoC) Interest Rate Descision Previous: 1.75% Forecast: 1.75% Actual: 1.75% * In the case of economic news, investment banks, market makers and prime brokers may quote broader spreads, sharp moves, gaps, and possible execution at a price different from the bid (the first possible market price). In the first few seconds, performance may be delayed due […]

FOREX:Pound Rebound Potential: Major Support and Resistance 27.08.2018

EUR/USD –Looks to test trendline since mid-June as 55-DMA resistance struggles to absorb buying pressure * 3rd resistance: 1.1700, Aug. 1 high * 2nd resistance: 1.1667, trendline since June 14 * 1st resistance: 1.1653, session high * Spot: 1.1620 * 1st support: 1.1578, pivot s3 * 2nd support: 1.1536, 21-DMA * 3rd support: 1.1509-10, June 21–May 29 lows […]

FOREX: EURUSD in trap between 21-DMA and 55-DMA; Major Support and Resistance 24.08.2018

EUR/USD — Trapped between 21-DMA and 55-DMA, consolidates recent gains as it remains in bearish trendchannel * 3rd resistance: 1.1671, trendline since June 14 * 2nd resistance: 1.1618, 55-DMA * 1st resistance: 1.1600, Aug. 23 high * Spot: 1.1578 * 1st support: 1.1536, 21-DMA * 2nd support: 1.1525, conversion line * 3rd support: 1.1509-10, June 21–May 29 lows […]

FOREX: USDJPY tests 55- Weekly MA; Major Support and Resistance 13.08.2018

EUR/USD –trading heavy after breaching neckline of a  ; support around head-and-shoulders pattern that started almost a year ago and that of a bearish descending triangle support around 1.1300, while a close below targets 1.1187 1.1300, while a close below targets 1.1187 * 3rd resistance: 1.1527-30, June 28-Aug. 6 lows * 2nd resistance: 1.1509-10, June 21–May 29 lows * 1st […]

Major support and resistance FOREX 29.6.2017

* EUR/USD — Tops Brexit-vote high; beware of possible fade risks within 1.1428-52 (click here for analysis) * 3rd resistance: 1.1529, May 4 2016 high * 2nd resistance: 1.1479, May 6 2016 high * 1st resistance: 1.1447-52, May 11 2016 high, ’15 channel top * Spot: 1.1425 * 1st support: 1.1375, Asia low * 2nd […]