Forex News

EUR/USD recedes from tops near 1.1420 on US GDP

The pair loses some momentum and returns to 1.1400. The greenback met support in the 95.80 area so far. US GDP expected at 2.6% in Q4 2018. The current rebound in the greenback has prompted EUR/USD to retreat from earlier 3-week highs near 1.1420. EUR/USD trims gains on upbeat GDP The earlier uptick in spot …

NZD/JPY Technical Analysis: On the brink of a test of the 61.8% Fibo and MA cluster to the downside, or break of trend line resistance

The daily candlesticks show price struggling through the 76.4% Fibo of the early Dec to Jan flash crash lows – located at the swing fractal high of 76.54.  NZD/JPY is close to a test of the descending trend line resistance confluence with the 4hr 21 SMA, capped currently by the 21-hr SMA.  Meanwhile, USD/JPY is …

GBP/USD Technical Analysis: Highly overbought conditions might prompt some profit-taking/cap further gains

   •  The pair extended its strong bullish momentum and surged to an intraday high level of 1.3338 – the highest since July 2018 during the mid-European session on Wednesday.     •  The overnight break through a confluence region – comprising of 38.2% Fibo. level of the 1.4377-1.2396 downfall and a descending trend-line was seen …

USD/CAD reverses from 200-day SMA, Canadian inflation and Fed Chair’s testimony eyed

USD/CAD trades near 1.3175 during initial Asian trading on Wednesday. The pair bounced off the 200-day SMA as the USD witnessed short-covering. Fed Chair’s testimony and Canadian CPI will be observed closely during the rest of the day. The USD/CAD pair is on bids around 1.3175 during early Wednesday. The pair failed to extend Tuesday’s …

GBP/USD Technical Analysis: Retreats from 4-1/2 month tops amid slightly overbought conditions

   •  The pair continued gaining strong positive traction the mid-European session on Tuesday and climbed further beyond the 1.3200 handle, hitting the highest level since mid-October.    •  Hope for either a Brexit extension or that the UK PM May might rule out a no-deal Brexit outcome turned out to be one of the …

GBP/JPY Technical Analysis: Prints 3.5-month highs in Asia, 1H RSI creates lower highs

GBP/JPY is currently trading at 145.61, having hit a high of 145.96 – a level last seen on Nov. 15.  The relative strength index (RSI) on the hourly chart has diverged in favor of the bears. Therefore, daily lows near 145.30 could soon come into play,  The overall outlook, however, will remain bullish as long …

How to choose a broker: 5 factors of reliability

Choice of broker is the most important part of preparing to Forex trading. A lot of inexperienced traders don’t pay much attention to it. But choosing an unreliable broker can lead to loss of funds. If you don’t know how to choose a reliable Forex broker, read this article and find out 5 signs of …

EUR/USD in 3-day highs, approaches 1.1400

The pair rebounds to the 1.1370 region, fresh tops. The greenback comes under further pressure near 96.30. Focus remains on trade, Fed’s Powell, data. The shared currency keeps the bid tone intact so far today and is now lifting EUR/USD to fresh multi-day highs around 1.1370. EUR/USD focused on trade, data Spot is trading on …

EUR/JPY: Sellers continue to lurk ahead of 125.80 trend-line resistance

EUR/JPY daily chart EUR/JPY is on bids around 125.75 during early Asian trading on Monday. Since Wednesday, the pair has been struggling with a trend-line resistance, at 125.80, connecting highs marked during September and December 2018. Should there be a daily closing beyond 125.80, 126.50 and 127.10 are likely following numbers to appear on the …

1 2 4 5 6 7 8 14 15