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Technical Analysis

EUR & GBP Weekly Outlook - 10 August

In the first sign of the Turkish Lira downfall is entering crisis territory, the supervisory body of the ECB has reportedly (according to the FT) begun looking a various European banks' exposure to Turkey (BBVA (MC:BBVA), UniCredit (MI:CRDI) and BNP…

USD Daily Forecast - 09 August

The Fed left rates unchanged last week, upgrading its view on the economy from “stable” to “strong.” It also reiterated its plans to raise rates two more times in 2018. Put simply, this was a notably hawkish Fed meeting. Which is why…

NZD/USD Daily Forecast - 08 August

Falling in the awkward post-US, pre-Asian session, the Reserve Bank of New Zealand delivers its quarterly monetary policy statement Wednesday evening (21:00 GMT). While the release is functionally equivalent to the Fed’s “live” quarterly meetings when it delivers updated assessments on the…

EUR/USD Daily Forecast - 07 August

The EUR/USD daily Forex chart is reversing up from a double bottom with the June 28 low. Both bottoms are above the June 21 bottom of the bull trend reversal. Therefore, this is a double bottom higher low major trend reversal attempt.…

EUR/USD Daily Forecast - 6 August

The EUR/USD pair continues the bounce around just below the 1.16 level, and Friday provided no more clarity. All things being equal, I suspect that we could go down to the 1.15 handle, but it may take a certain amount…

GBP/USD Daily Forecast - 6 August

The British pound has tested the 1.30 level, an area of significant support on longer-term charts. By doing so, I think it’s found a bit of a short-term bottom, and we could see a bit of a bounce from here.…

AUD/USD Daily Forecast - 6 August

The Australian dollar has rallied significantly during trading on Friday after the jobs number came out, slamming into the 0.74 handle. However, after the number came out the markets went dead quiet. At this point, it looks as if the…

EUR/USD Weekly Forecast - 6 August - 10 August

The EUR/USD pair has initially tried to rally during the week but gave back the gains to close lower. As you can see by the yellow rectangle on the chart, not much has changed since last week, and I believe…

GBP/USD Weekly Forecast - 6 August - 10 August

The British pound initially tried to rally during the week but gave back the gains to crash back into the 1.30 level. This is an area where I see a significant amount of demand, so quite frankly I do expect…

AUD/USD Weekly Forecast - 6 August - 10 August

The Australian dollar has gone sideways again this week, but it continues to show that there is a significant amount of support at the 0.7350 level. Overall, I believe that this market will probably continue to find reasons to bounce…

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