1,4516. EUR USD is in an downtrend directed by 1H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. The price is just above 1,4450 support. The volatility decreases. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in [...]
| Tagged Technical |
1,9467. GBP USD is in an downtrend directed by 1H exponential moving averages. GBP USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum. The target is expected at [...]
| Tagged Technical |
0,9989. USD CAD is in a consolidation after the last bearish movement. USD CAD is in a range between 0,9920 and 1,0130. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in [...]
| Tagged Technical |
1,1031. USD CHF is in a range between 1,0940 and 1,1075. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Oscillators are neutral. The price should continue to move in Bollinger bands. We won’t take a position. The risk/reward ratio is too high to take [...]
| Tagged Technical |
106,91. USD JPY is in a range between 106,00 and 107,75. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Oscillators are neutral. The price should continue to move in 106,00 / 107,75 range. We won’t take a position. The risk/reward ratio is too high [...]
| Tagged Technical |
1,4516. EUR CAD is in an downtrend directed by 1H exponential moving averages. EUR CAD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,4560. The downtrend should continue to [...]
| Tagged Technical |
1,6046. EUR AUD is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are deviated. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR AUD. The downtrend should continue on 1,5800 support. Resistances 1,6070 – 1,6150 [...]
| Tagged Technical |
US dollar could fall further in currency tradingDespite recession fears, the Group of Seven took pains over the weekend to emphasize that the US is not in a recession right now. While acknowledging the growth in the US economy would be slower, BusinessWeek reports that the G7 insists the growth will take place.For the [...] [...]
| Tagged Technical |
Unwinding carry trade boosts the yen in currency tradingThe Japanese yen is gaining in forex trading this morning. The carry trade is unwinding as risk aversion remains a concern in currency trading on the FX market. With worries of a US recession continuing, the Japanese yen is expected to continue to gain in forex [...] [...]
| Tagged Technical |
Currency trading with the euroDespite talks late last week of possible interest rates cuts in the euro-zone due to slowed economic growth, the euro is gaining again in forex trading. One of the reasons that currency trading with the euro is getting a boost is due to OPEC. According to Reuters, the oil cartel [...] [...]
| Tagged Technical |
