Technical Analysis

EUR/USD watch for counter trend confluence

The EURUSD is patiently waiting for major economic data coming in this week. We have some real high impact info this week and we could see risk-off sentiment possibly coming back. We need to watch out for upcoming releases:

  1. Wednesday - CNY manufacturing data, very important data for CNY +...

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GBP/USD is proceeding higher with a strong momentum

Our previous GBPUSD predictions came true, though after a bigger pullback and the pair has made a strong bounce to the upside. Again, fears of Brexit diminished and the pound has been bought on dips.

Today's Second Estimate GDP came as expected and it is important because it measures a...

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EUR/USD break of 1.1130 opens 1.1050 target

The EURUSD broke through 1.1175 level as I showed on Live Session Recap webinar, touching the target. Now, trade should be focused on 1.1140 important support (X - Cross with equidistant lower channel line). Pullbacks towards 1.1250 could be shorted as 1.1250-70 is important cluster of resistance - POC zone...

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AUDNZD showing both technical and fundamental alignment

Whilst most economists are now predicting further cuts by the RBA, some saying even the cash rate may drop to 1% (meaning another -75bps), this is putting some downward pressure on the AUD.

As for the NZD, it is largely reliant on its Dairy trade as its key exports, and...

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GBPUSD strong upside intact

Fears of Brexit have diminished at least for the time being as latest polls suggest that pro EU option leads by 10 % (55 % vs 45 %). Additionally very good data for Average Earnings Index and Claimant Count Change has spurred additional bullish momentum where the GBPUSD reached 1.4660...

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