EUR/GBP Remains At Risk Of More Declines

Key Highlights The Euro started a significant decline below the 0.9000 support against the British Pound. EUR/GBP could face resistance near 0.8900 and a bearish trend line on the 4-hours chart.The Euro Zone CPI increased 0.1% in August 2019 (MoM), less than the +0.2% forecast.The UK Retail Sales might increase 2.9% in August 2019 (YoY), less than the last +3.3%. EUR/GBP...
Read More

GBP/JPY Remains Bearish, Could Break 140.00

Key Highlights The British Pound declined heavily and broke the 142.40 support against the Japanese Yen. There is a major bearish trend line formed with resistance at 141.70 on the 4-hours chart of GBP/JPY. The pair remains at a risk of a break below the 140.20 and 140.00 support levels. Today, the UK Retail Sales figure for July 2018 will be released, which is fo...
Read More

EUR/JPY Likely Formed Short-term Top

Key Highlights The Euro found a strong selling interest near 132.00 and declined against the Japanese Yen. There was a break below a major bullish trend line with support at 131.80 on the 4-hours chart of EUR/JPY. The Euro Zone CPI increased 0.1% in June 2018 (MoM), less than the last +0.5%. Today in the UK, the Retail Sales figure for June 2018 will be released, ...
Read More

EUR/GBP Approaching Crucial Break In Near Term

Key Highlights The Euro declined sharply versus the US Dollar, but held gains against the British Pound. There is a crucial contracting triangle forming with resistance at 0.8810 on the 4-hours chart of EUR/GBP. UK’s Consumer Price Index in April 2018 increased 0.4% (MoM), less than the forecast of +0.5%. Today in the UK, the Retail Sales report for Feb 2018 wil...
Read More

Can EUR/GBP Hold Gains Above 0.8680?

Key Highlights The Euro started a nice upside move from the 0.8620 low against the British Pound. The EUR/GBP pair is attempting an upside break above a crucial bearish trend line at 0.8695 on the 4-hours chart. The UK CPI in March 2018 increased 2.5% (YoY), less than the forecast of +2.7%. Today, the UK Retail Sales report for March 2018 will be released, which i...
Read More

Gold Price Signaling Bullish Continuation above $1280 Vs US Dollar

Key Highlights Gold price started an upside correction from the $1265 swing low against the US Dollar. There is a crucial ascending channel forming with support near $1274 on the 4-hours chart of XAU/USD. The US Consumer Price Index in Oct 2017 increased 2% (YoY), similar to the market forecast. Today, the US Industrial Production for Oct 2017 will be released, wh...
Read More

NZD/USD – New Zealand Dollar Trend Overwhelmingly Negative

Key Highlights The New Zealand Dollar corrected towards 0.7200 against the US Dollar where it found sellers. A connecting bearish trend line with current resistance at 0.7160 on the 4-hours chart of NZD/USD is preventing an upside break. The US Building Permits in Sep 2017 posted a 4.5% decline, compared with the -2.9% forecast. Today in the US, the Initial Jobles...
Read More

Gold Price Remains Supported Near $1230 Vs US Dollar

Key Highlights Gold price traded higher and broke a major resistance at $1230 against the US Dollar. There is a crucial support forming on the downside near $1230-1228 on the 4-hours chart. Recently in the US, the Building Permits figure for June 2017 was published, which came in at 1.254M (MoM). Today in the US, the Initial Jobless Claims (July 15, 2017) will be ...
Read More

NZD/USD – Monster Bullish Break Sighted For NZD on Weekly Chart

Key Highlights The New Zealand Dollar after forming a base near 0.6850 against the US Dollar started an uptrend. The NZD/USD pair has cleared two important bearish trend lines on the weekly chart at 0.7150 to signal a major bullish trend. Today in New Zealand, the Gross Domestic Product for Q1 2017 released by the Statistics New Zealand posted an increase of 0.5%. ...
Read More

GBPJPY – Can Pound Continue Higher?

GBPJPY – Can Pound Continue Higher? Key Highlights             British Pound showed some signs of life and corrected higher against the Japanese Yen. The GBPJPY pair is currently trading near a bearish trend line on the hourly chart, which may play a crucial role moving ahead. Today, the UK Retail Sales will be released by the National Statistics, which ...
Read More