Forecasts & Analysis | Forex, Page 5

  • James Hyerczyk
    James Hyerczyk

    AUD/USD Forex Technical Analysis – August 13, 2019 Forecast

    Based on the early price action and the current price at .6763, the direction of the AUD/USD on Tuesday is likely to be determined by trader reaction to an uptrending Gann angle at .6757 and a downtrending Gann angle at .6742. Both angles straddle the daily pivot at .6749.

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  • Jignesh Davda
    Jignesh Davda

    GBP/USD Daily Forecast – Sterling Little Changed After Employment Data

    GBP/USD has been hovering around resistance and UK jobs data has not triggered much of a reaction. Investors will shift their attention to US data as CPI will be released later today.

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  • Alexander Kuptsikevich
    Alexander Kuptsikevich

    Markets Stand Closer to The Edge

    Escapist behavior towards defensive assets and currencies remains the main trend in the markets. On Monday, the Japanese yen rose to 105.04 per dollar, bringing this month’s growth to 3.5%.

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  • James Hyerczyk
    James Hyerczyk

    U.S. Dollar Index Futures (DX) Technical Analysis – Straddling RT Zone at 97.51 to 97.230 for Six Sessions

    Based on today’s price action and the current price at 97.255, the direction of the September U.S. Dollar Index into the close is likely to be determined by trader reaction to the intermediate Fibonacci level at 97.230.

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  • Christopher Lewis
    Christopher Lewis

    USD/JPY Price Forecast – US dollar tests major figure

    The US dollar has broken down significantly during the trading session on Monday as we continue to see a lot of global uncertainty. The ¥105 level of course is a major area that has attracted a lot of attention previously, so it makes sense that it would again.

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  • Christopher Lewis
    Christopher Lewis

    GBP/USD Price Forecast – British pound rallies back into resistance against US dollar

    The British pound initially fell during Monday’s trading but then turned around to rally towards the 1.12 handle above. This is the beginning of resistance, so quite frankly I think that we will eventually roll over. Ultimately, that should be a nice selling opportunity.

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  • Christopher Lewis
    Christopher Lewis

    GBP/JPY Price Forecast – British pound tests round figure

    The British pound tested the ¥127 level during the trading session on Monday to kick off the week but has recovered slightly early in the north American session. By doing so, it looks as if we may have a little bit of a fight on our hands, but we are

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  • Christopher Lewis
    Christopher Lewis

    EUR/USD Price Forecast – Euro continues volatility

    The Euro initially fell hard during the Monday trading session but has turned right back around to reenter the previous consolidation area. At this point, it looks as if the market is still very interested in the 1.12 handle.

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  • Christopher Lewis
    Christopher Lewis

    AUD/USD Price Forecast – Australian dollar under pressure

    The Australian dollar initially tried to rally during the trading session on Monday but has found enough resistance near the 0.68 level to turn things around and start falling again. With the Reserve Bank of Australia likely to cut monetary policy going forward, the Aussie finds itself under pressure.

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  • Dmitriy Gurkovskiy
    Dmitriy Gurkovskiy

    Political Turmoil Puts Pressure on Euro and Pound

    The Euro and the Pound are still under pressure due to the high likelihood of further political turmoil. Matteo Salvini, the Deputy Prime Minister of Italy, called for fresh elections. There are speculations that the Italian government consisting only of the “Lega Nord” party members may get into hot water

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  • James Hyerczyk
    James Hyerczyk

    EUR/USD Mid-Session Technical Analysis for August 12, 2019

    Based on the early price action, the direction of the EUR/USD on Monday will be determined by trader reaction to the downtrending Gann angle at 1.1202 and the uptrending Gann angle at 1.1167.

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  • Jignesh Davda
    Jignesh Davda

    GBP/USD Daily Forecast – Sterling Bounces From Multi-year Lows

    The British pound caught a bid in early day trading despite a firming dollar as the idea of a no-confidence vote brought some confidence to reaching a Brexit deal.

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  • Nikhil Khandelwal
    Nikhil Khandelwal

    USD/CAD Daily Forecast – Overhead Resistance Cluster Blocking Upside

    The economic calendar stays lightly weighted amid lack of substantial economic events throughout the day. On the weekly chart, the bulls seem to step down as the pair has broken below a 2:1 Gann line.

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  • Jignesh Davda
    Jignesh Davda

    EUR/USD Daily Forecast – Euro Attempting to Push Lower From Range

    EUR/USD is under pressure in early trading on Monday after consolidating for most of last week.

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  • James Hyerczyk
    James Hyerczyk

    NZD/USD Forex Technical Analysis – August 12, 2019 Forecast

    Based on the early price action, the direction of the NZD/USD on Monday is likely to be determined by trader reaction to the downtrending Gann angle at .6471. This angle, moving down at a rate of 0.002 per day from the .6791 top has been guiding the Forex pair lower

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  • Nenad Kerkez
    Nenad Kerkez

    GBP/USD Proceeds With Downtrend After a Retracement

    Dear Traders,The GBP/USD is in a retracement mode but still in downtrend. The price might turn at the POC zones.The price is in a retracement mode and might get to any of the POC zones. The first possible spot for potential bearish entry could be 1.2095-1.2125. Look for bearish reversal

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  • Alexander Kuptsikevich
    Alexander Kuptsikevich

    Market Volatility Has Eased But Demand for Protective Assets Remains Strong

    The People’s Bank of China has once again set a higher yuan rate than expected, which helps to reduce the volatility of stock markets and supports them in offsetting the decline of the past week.

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  • James Hyerczyk
    James Hyerczyk

    USD/JPY Forex Technical Analysis – Sentiment Shifts to Upside on Trade Through 105.817

    Based on the early price action and the current price at 105.419, the direction of the USD/JPY on Monday is likely to be determined by trader reaction to the downtrending Gann angle at 105.817. This angle, moving down at a rate of 0.500 from the 109.317 top, has been guiding

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  • James Hyerczyk
    James Hyerczyk

    USD/JPY Fundamental Weekly Forecast – Yuan, Global Bond Yields Controlling Price Action

    Dollar/Yen traders will continue to focus on the direction of U.S. Treasury yields this week. Traders have already priced in a 25-basis point rate cut by the Federal Reserve in September. I don’t expect this to change, but there is still some debate over whether the Fed will cut 50-basis

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  • James Hyerczyk
    James Hyerczyk

    AUD/USD and NZD/USD Fundamental Weekly Forecast – After RBA Comments, Focus Shifts to Australian Labor Market Data

    Traders will also be watching for any fresh developments regarding U.S.-China relations especially surrounding the Chinese yuan and its relationship with the 7 yuan to 1 U.S. Dollar level. Any prolonged dips below this level could cause heightened volatility in the financial markets that could drive the Aussie lower.

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