Technical analysis of GBP/JPY for April 03, 2018

GBP/JPY is expected to trade with a bearish outlook. The pair accelerated on the downside after the recent bearish breakout of a key horizontal level at 130.55, which now acts as a resistance role. Both the 20-period and 50-period moving averages are heading downward and should continue to push the prices lower. Therefore, as long […]

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Technical analysis of NZD/USD for April 03, 2018

NZD/USD is expected to trade with a bullish outlook. The pair remains above its nearest key support at 0.7190. Both the 20-period and 50-period moving averages are turning up and call for further upside. Last but not least, the relative strength index is bullish above its neutrality area at 50. To conclude, as long as […]

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GBP/JPY Approaching Support, Prepare For A Bounce

The price is approaching its buying level support at 148.484 (38.2% Fibonacci retracement, 78.6% Fibonacci retracement, 61.8% Fibonacci extension, Horizontal overlap support) where we expect a bounce from to push prices all the way up to major resistance at 149.768 (61.8% Fibonacci retracement, horizontal overlap resistance). We do have to be cautious of the intermediate […]

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Technical Analysis – GBPUSD pares some losses; remains above 20- and 40-day SMAs

GBPUSD is trading marginally higher over the last couple of days following the rebound from the 1.4000 strong psychological level, which holds near the 20-day simple moving average (SMA). This week, cable is paring some of the previous week’s losses and is shifting the tendency back to bullish. Having a look at the medium-term timeframe, the pair has been […]

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Forex Trading Seminar Hosted in Sabah and Penang

On 10th and 31st March, Malaysian online investors had once again the opportunity to acquire useful knowledge and improve their trading strategies with the professional forex trading seminars hosted by XM throughout Malaysia. On 10th March we were honored to welcome seminar guests at Grandis Hotel in Sabah, and then on 31st March at Cititel […]

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EUR/USD Approaching Support, Prepare For A Bounce

The price is approaching its buying level support at 1.2284 (61.8% Fibonacci retracement, 78.6% Fibonacci retracement, multiple swing low support) where we expect a bounce from to push prices all the way up to major resistance at 1.2436 (61.8% Fibonacci extension, 78.6% Fibonacci retracement, horizontal overlap resistance). We do have to be cautious about intermediate […]

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Fundamental Analysis of GBP/USD for April 3, 2018

GBP/USD has been quite bullish recently below 1.4050 area after being bounced off the dynamic level of 20 EMA in the process. Recently GBP has been quite positive with the economic reports which helped the currency to counter the impulsive bearish pressure in the pair, economic reports including Current Account showing less deficit at -18.4B […]

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Daily analysis of EUR/JPY for April 3, 2018

EUR/JPY The EUR/JPY is bearish in the long-term, and rather neutral in the short-term. The price pulled back on Monday, and that could harbinger a rise in volatility. However, the demand zone at 130.00, which has been tested already, could be tested and get breached to the downside. There is a higher probability that the […]

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Daily analysis of USD/JPY for April 3, 2018

USD/JPY This pair made a slight bearish movement on April 2. There is still a weak Bullish Confirmation Pattern in the market, at least on a short-term basis.The further bearish movement would result in a confirmation of the recent bearish bias, while a movement to the upside will bring about a bullish bias on the […]

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Daily analysis of USD/CHF for April 3, 2018

USD/CHF This trading instrument did not make any significant movement yesterday. The resistance level at 0.9550 is under siege and it is almost broken to the upside. As the EUR/USD is weakened further, the USD/CHF will go northwards, targeting the resistance levels at 0.9600 and 0.9650. A very strong buying pressure is needed to reach […]

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Elliott wave analysis of EUR/NZD for April 3, 2018

Resistance at 1.7100 keeps putting up a real fight here. As long as this resistance isn’t broken firmly, we need to accept more sideways price-action, but ultimately, we expect resistance at 1.7100 will be broken for a continuation higher towards 1.7530 and 1.7744 on the way higher to 1.8437. Support is seen in the 1.6942 […]

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Elliott wave analysis of EUR/JPY for April 3, 2018

We were looking for a rally closer to 132.82 to complete wave B, but the decline from 131.74 has been deeper than expected and has overlapped wave i, which isn’t allowed under the EWP. Therefore we must consider the possibility of a fifth wave failure at 131.74 as the completion of wave B and wave […]

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Technical analysis: Intraday Level For EUR/USD, April 03, 2018

When the European market opens, some Economic Data will be released such as Final Manufacturing PMI, German Final Manufacturing PMI, French Final Manufacturing PMI, Italian Manufacturing PMI, Spanish Manufacturing PMI, Spanish Unemployment Change, and German Retail Sales m/m. The US will release the Economic Data too, such as Total Vehicle Sales and IBD/TIPP Economic Optimism, […]

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Technical analysis: Intraday level for USD/JPY, April 03, 2018

In Asia, Japan will release the 10-y Bond Auction and Monetary Base y/y data, and the US will release some Economic Data such as Total Vehicle Sales and IBD/TIPP Economic Optimism. So there is a probability the USD/JPY will move with a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 106.42. […]

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NZD/USD Intraday technical levels and trading recommendations for for April 3, 2018

In November 2017, evident signs of bullish recovery were expressed around the depicted low (0.6780). An inverted Head and Shoulders pattern was expressed around these price levels. The price zone of 0.7140-0.7250 (prominent Supply-Zone) failed to pause the ongoing bullish momentum. Instead, a bullish breakout above 0.7250 was expressed on January 11. That’s why a […]

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Intraday technical levels and trading recommendations for EUR/USD for April 3, 2018

Monthly Outlook In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100-1.2200 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target was projected toward 0.9450. In March 2015, EUR/USD bears challenged the monthly demand level around 1.0500, which had been previously reached in August 1997. […]

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Daily Market Review, April 3rd 2018: Traders hop on to the JPY

Stay informed about headline news and trends across the world’s ever-fluctuating financial markets through Binary TV. From stocks and commodities to global currencies, indices, and more, we help you keep up-to-date with our Daily Financial Market News, all brought to you exclusively from Binary.com Daily financial news by- Binary.com-April 03rd 2018 Related Posts:Technical Analysis – […]

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UK Manufacturing PMI Coming Up as RBA Leaves Rates on Hold At 1.5%

The UK Markit Manufacturing PMI is one of the data releases that will give traders a look into the performance of the European Manufacturing sector today. Most of the PMIs from across the continent are expected to show a softening. This is due to supply chain constraints and shortages of inputs, which have caused a […]

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US equity markets sell off, the RBA leaves rates at 1.5%, China imposes new tariffs.

https://pepperstone.com/en/forex-news/market-review -Gains for AUD NZD but the Yen weakens vs USD. -US equities fall back to correction levels. -The RBA decides to sit tight on rates. -China retaliates on trade. -Asset class performance over the last 3 months. The overnight changes and price moves to be aware of by Pepperstone’s Market Analyst, Darren Sinden. New […]

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April 3rd, 2018: Dollar Weakens as Tech Sells Off

Morning Report: 07.00 London The US dollar index remains on the back foot this morning as tech stocks continue their sell off. Amazon in particular has been hit hard, with founder Jeff Bezos losing hundreds of billions since Trump took aim via his Twitter account. The dollar pairs have a positive bias, with the AUD/USD […]

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Pound – The Dark Horse of G10

In the first quarter, the British pound added 4 percent against the US dollar due to a reduction in political risks and an increase in the likelihood of a continuation of the cycle of normalization of the monetary policy of the Bank of England in May, above 80 percent. Slowing inflation from 3 percent to […]

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Technical Analysis – EURAUD edges towards 2-year high; bullish in the medium-term

EURAUD is rising for the second straight day and is – at the time of writing – up by 0.2% during Monday’s trading. The Tenkan- and Kijun-sen lines remain positively aligned in support of a bullish bias in the short-term, though they’re both more or less flat at the moment. The latter is an indication […]

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Technical Analysis – CADJPY edges higher after touching 16-month low of 80.55

CADJPY has been in bullish correction mode following the bounce off the 80.55 support level. The pair posted two consecutive weekly green sessions after it recorded a 16-month low. The short-term technical indicators are endorsing the upward retracement in the price action. Technically, in the daily chart, the MACD oscillator continues to move higher towards its […]

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Weekly Technical Analysis: 02/04/2018 – Gold, WTI Oil Futures, GER30 Index, USDJPY

Weekly Technical Analysis of the Forex Markets – to guide your trading using technical indicators such as moving averages, RSI, Fibonacci, Ichimoku. Related Posts:August 4, 2023 : Analyzing Recent Trends and Trading… August 4, 2023 In March, After hitting a strong resistance at 1.1500, the…August 4, 2023 : EUR/USD Intraday technical analysis and… August 4, […]

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RBA set to remain on hold as trade uncertainties loom – Forex News Preview

The Reserve Bank of Australia (RBA) will announce its rate decision on Tuesday, at 0430 GMT. With the Bank widely anticipated to take no action, the focus will probably turn to the statement accompanying the decision for fresh policy signals. Considering recent developments around global trade, the RBA has every reason to err on the […]

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Daily analysis of EUR/JPY for April 2, 2018

EUR/JPY The EUR/JPY is bearish in the long-term, and rather neutral in the short-term. Price is currently choppy as things are now in a range. There is a supply zone at 132.00 and a demand zone at 130.00. As long as the price saunters between these two zones, the short-term neutrality will hold. There is […]

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Daily analysis of USD/JPY for April 2, 2018

USD/JPY The market is expected to go downwards. The trading instrument is bearish in the long-term, and bullish in the short-term. There is a Bullish Confirmation Pattern in the market, at least on a short-term basis. The price rose 220 pips last week, to test the supply level at 107.00, and then retraced below the […]

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Daily analysis of USD/CHF for April 2, 2018

USD/CHF This bias on this currency trading instrument is bullish – but it is currently not a strong bias. Since testing the support level at 0.9200 (February 16), the price has managed to gain about 360 pips. Last week, it managed to stay briefly above the resistance level at 0.9550, after which it closed below […]

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BITCOIN Analysis for April 2, 2018

Bitcoin has been quite volatile recently at the edge of $7,000 price area from where certain bullish pressure is expected at present. As for the current market sentiment, most of market participants are quite pessimistic about further momentum in bitcoin, so the market lacks bullish pressure recently. After completing the first quarter of 2018, which […]

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Week Ahead: Manufacturing and Jobs Data Set to Dominate the Markets

This week marks the beginning of the second quarter of the year. Looking back, this year is turning out to be a very interesting one indeed. The year started after Donald Trump signed the sweeping tax reform package that slashed corporate and individual taxes. Investors were optimistic that the president would continue with the business-friendly […]

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