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Daily Forex Outlook – March 29, 2017
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EUR/USD The pair dropped yesterday but we believe that the drop is more of a correction action into a support region where the buyers are likely to show
EUR/USD
The pair dropped yesterday but we believe that the drop is more of a correction action into a support region where the buyers are likely to show up in a matter of time. The pair corrected by around 100 pips as the dollar strength returned and though this has signalled the return of a large volatility, it is only a matter of seeing a small reversal candle for the buyers to return in full force. …Read More
GBP/USD
The pair crashed by over 200 pips yesterday as it was the day before the invocation of Article 50 and it was also on the back of dollar strength seen across the board yesterday. It remains to be seen what the price action will throw up today after the Article 50 invocation. …Read More
AUD/USD
The pair was one of the very few ones that managed to survive the onslaught from the dollar and it in fact, closed slightly up for the day yesterday as the pair was in a period of mixed trading. There was not much volatility in the pair, unlike in the rest of the markets and this helped to keep the pair within a range. …Read More
USD/JPY
The pair fell during the early part of the day but found some very strong support around the 110 region which helped it to claw back all of its losses from the previous day. The buyers are in control now and this should continue be the case until 110 is broken which will then open up 108. …Read More
About the Author
Colin Firstauthor
Colin specializes in developing trading strategies and analyze financial instruments both technically and fundamentally. Colin holds a Bachelor of Engineering From Milwaukee University.
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