GBP/USD Downsides Remain Supported above 1.3950

Key Highlights The British Pound recently made a short-term top at 1.4080 against the US Dollar. There is a crucial bullish trend line in place with support at 1.3950 on the 4-hours chart of GBP/USD. The UK CPI in Feb 2018 increased 0.4%, less than the forecast of +0.5% (MoM). Today, the UK Claimant Count Change for Feb 2018 will be released, which is forecasted t...
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Crude Oil Price Moved Into Bullish Zone above $61.50

Key Highlights Crude oil price formed a major support at $60.20 and moved higher against the US dollar. There was a break above a major bearish trend line with resistance near $61.25 on the 4-hours chart of XTI/USD. The price is now trading nicely above the $62.00 resistance and in a positive zone. Today in the UK, the CPI report for Feb 2018 will be released, and...
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EUR/USD Remains at Risk of More Downsides

Key Highlights The Euro struggled to move above 1.2370 against the US Dollar and declined this past week. There is a major bearish trend line forming with resistance at 1.2375 on the 4-hours chart of EUR/USD. The US Industrial Production increased 1.1% in Feb 2018 compared with the +0.3% forecast. Today, the Euro Zone Trade Balance figure for Jan 2018 will be rele...
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USD/JPY Remains in Bearish Trend Below 107.00

Key Highlights The US Dollar failed to move higher above 107.00 and declined against the Japanese Yen. There is a crucial bearish trend line forming with current resistance at 106.80 on the 4-hours chart of USD/JPY. The US initial jobless claims for the week ending March 10, 2018 declined from the last revised reading of 230K to 226K. Today, the US Industrial Prod...
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Can Gold Price Gain Upside Momentum?

Key Highlights Gold price started an upside move after forming a support above $1,300 against the US Dollar. There is a key bullish trend line forming with support at $1,320 on the 4-hours chart of XAU/USD. The US Retail Sales figure for Feb 2018 posted a decline of 0.1%, compared with the forecast of a 0.3% rise. The US Jobless Claims for the week ending March 10...
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EUR/JPY: Is This Upside Break in Euro to Yen?

Key Highlights The Euro started a nice upside move from the 130.50 swing low against the Japanese Yen. There was a break above a crucial contracting triangle with resistance at 131.60 on the 4-hours chart of EUR/JPY. The pair could gain traction if it continues to find support near 131.50. Today, the German CPI figures for Feb 2018 will be released, which is expec...
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GBP/USD Approaching Key Break, UK’s Budget Next

Key Highlights The British Pound recovered nicely from the 1.3790 swing low against the US Dollar. There is a key contracting triangle forming with resistance at 1.3930 on the 4-hours chart of GBP/USD. The pair could make the next move either above 1.3930 or below 1.3840. Today, the UK Budget report will be released, which could ignite swing moves in GBP/USD. G...
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Can EUR/USD Recover Above 1.2370?

Key Highlights The Euro declined after trading towards the 1.2450 resistance against the US Dollar. There is a key connecting bearish trend line forming with resistance at 1.2400 on the 4-hours chart of EUR/USD. The US nonfarm payrolls figure posted a solid rise of 313K in Feb 2018, more than the forecast of 200K. Today, the US monthly budget for Feb 2018 will be ...
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USD/JPY Facing Uphill Task Ahead of US NFP

Key Highlights The US Dollar found support near 105.30 and recovered against the Japanese Yen. There is a monster bearish trend line forming with resistance at 107.10 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending March 3, 2018 posted a rise from 210K to 231K. Today, the US nonfarm payrolls figure for Feb 2018 will be released, ...
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EUR/GBP Remains in Steady Uptrend

Key Highlights The Euro made a nice upside move and traded above the 0.8920 resistance against the British Pound. There is a connecting bullish trend line forming with support at 0.8920 on the 4-hours chart of EUR/GBP. The Euro Zone Gross Domestic Product increased 0.6% in Q4 2017, similar to the market forecast. Today, the ECB Interest Rate Decision will be annou...
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