AUD/USD Forecast: Continuing to Drift Lower
The AUD/USD pair has dropped during the Friday session to test the 0.69 level. This is a market that continues to be highly sensitive to the overall risk appetite around the world,…
EUR/USD: Narrow range on the day but technical bias points lower
Despite the narrow range on the day, there is a lot to digest when it comes to looking at the EUR/USD chart at the moment. The most glaring detail is…
Gold Technical Analysis: Gold Price Trying to Avoid Selling
The price of gold fell after the largest decline in a month, as investors sought to buy the US dollar, amid increasing signs of an economic slowdown. Accordingly, bullion prices took a downward…
GBP/USD Technical Analysis: Preparing for New Selling
Sterling received support near recent levels against the euro and dollar after new data from the Office for National Statistics showed UK wages were faster than expected in June, with…
AUD/USD Forex Signal: More Pain Ahead as Bears Eye 0.6950
Bearish View Sell the AUD/USD pair and set a take-profit at 0.6950. Add a stop-loss at 0.7050. Timeline: 1-2 days. Bullish View Set a buy-stop at 0.7050 and a take-profit…
BTC/USD Forex Signal: Rebound to 25,000 Still Possible
Bullish View Set a buy-stop at 24,000 and a take-profit at 25,000. Add a stop-loss at 23,000. Timeline: 1-2 days. Bearish View Set a sell-stop at 23,677 and a take-profit…
USD/INR: Range Remains and Choppiness Stays in the Forecast
As of this writing the USD/INR is trading near the 79.6100 level. If a speculator had gone away for a week and had not looked at the price of the USD/INR currency…
USD/TRY: Long Term Trend Upwards Meets Short Term Resistance
The USD/TRY remains within sight of the 18.0000 mark. The past week of trading has seen the USD/TRY currency pair within sight of the important ratio several times, but has not quite been…
USD/BRL: Challenge of Support could Test June Price Action
The USD/BRL fell to fresh lows on Monday and then demonstrated rather consolidated price action as important support levels came into sight. When the USD/BRL opens today it could potentially…
USD/CAD LIKELY TO DROP TO 1.22 IN THE COMING QUARTERS – NFB
The USD/CAD pair will likely decline toward 1.22 in the coming quarters with the oil/loonie correlation turning positive again, point out analysts at National Bank of Canada. They see the…