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Colin First

EUR/USD

The Euro continued with its back and forth momentum in the Thursday’s session as the 1.14 level has been important in the short term charts and also attracting a lot of interest. Going forward, the market will continue to grind higher, as it is trying to form a bit of rounded-bottom pattern but the 1.15 level above is likely to offer significant resistance and of course the 200 Day EMA level above. …Read More

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GBP/USD

The British Pound rallied higher during the yesterday’s session, reaching towards the 1.30 level as it is continuing to witness enough momentum around. The pair is also witnessing the 200 Day EMA level and every time it has reached that point, it has pulled back significantly. Because of this, the pair will be a bit choppy and also the Brexit headlines will keep the market bit shaky. …Read More

AUD/USD

The AUD has pulled back slightly during yesterday’s session but the 50 Day EMA underneath is offering a bit of support to the market. The 0.7250 level above which is sitting just below the 200 Day EMA will continue to extremely resistive and the market will struggle to break above this zone. Rallies will continue to be a potential selling opportunity at least in the short term or until unless the fundamental changes. …Read More

USD/JPY

The USD/JPY pair is currently trading around the massively resistive zone and could witness a pullback to the 108 level underneath. A break below the supportive 108 level would send the market down to the 105 level. Going forward, the market is expected to chop between the 105 and 110 level and will remain bearish. …Read More

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