As financial markets are correlated to each other, it is worth looking at USD/CHF daily chart where a triangle pattern has been formed. Usually a triangle finishes with E movement, and often the E ends around 61.8% Fibonacci level. If this is the case, we may see a strong up movement on the currency pair. […]
Entries by Arek
The 4 hour char on EUR/USD shows a rising wedge pattern. Usually signaling a reversal in trend. If the wedge is broken to the downside we should see a stronger down movement – ending, in the mid term, around 1.1000 level. Break to the upside may be a start of uptrend. We will be looking […]
As the USD-index remain strengthening we expect that USD/JPY and USD/CAD will move further up.
Thu US dollar weakened across the board as investors digested the Fed`s decision to keep interest rate unchanged. We expect that the dollar weakness will be sustained today. A consolidation on EUR/USD may be seen first and then farther up movement during the day.
We are still seeing wild swings in the market on the back of wild swings in prices of global equity and commodity markets. The JPY gained over 1% on the dollar yesterday. The EUR broke the short term resistance level of 12.500 and found new resistance at 13.000. Theses price movement where set of overnight […]
After a bank holiday in the UK we will start off with a recap of the European trading and US trading session for Monday. Then look forward to the week ahead. Recap In mainland Europe, we had the latest inflation figures realised which came in at 0.2%mom. Vs. a consensus of 0.0%. We had a […]
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