Category: Forex
Forex News – Reserve Bank of Australia releases policy meeting minutes
The Reserve Bank of Australia released the May policy meeting minutes today explaining why the [...]
Forex Asia Review – Aussie dips after RBA signals further rate cuts
Euro continues to remain under pressure and the main driver behind its weakness is still [...]
EURUSD Daily Forecast: May 15
EURUSD Forecast
The EURUSD continued its bearish momentum yesterday, bottomed at 1.2814 and closed at 1.2829. The bias remains bearish in nearest term testing 1.2800 – 1.2750/33 region before testing 1.2625 area as a part of the bearish scenario sinc…
Daily Forecast for Crosses: May 15
EURJPY Forecast
The EURJPY continued its bearish momentum yesterday, bottomed at 102.21 and closed at 102.46. The bias remains bearish in nearest term especially if price able to make another clear break below 102.20 testing 101.00 – 101.50 support a…
GBPUSD Daily Forecast: May 15
GBPUSD Forecast
The GBPUSD was indecisive yesterday. There are no changes in my technical outlook. The bias remains bearish in nearest term but note that the major bullish scenario should remain intact and I still prefer to buy around 1.6000 – 1.60…
USDJPY Daily Forecast: May 15
USDJPY Forecast
The USDJPY had another insignificant movement yesterday. There are no changes in my technical outlook and volatility remains low. 79.52/35 region remains a good place to buy with stop loss below 79.35. Immediate resistance remains aroun…
USDCHF Daily Forecast: May 15
USDCHF Forecast
The USDCHF had a significant movement yesterday, broke and closed above 0.9320 resistance area. This fact leads price to a new bullish phase after consolidation testing 0.9400 – 0.9450 area. Immediate support is seen around 0.9300 –…
Forex News Review – Greek stalemate continues to weigh on sentiment
Euro extended losses to fall to a new four-month low against the dollar in the [...]
Forex Market Review – Euro falls below $1.29, focus on Greece
Euro fell to a four-month low against the dollar and a three-month low versus the [...]
Forex News – USDJPY rises for third day
USDJPY rose for a third consecutive day since May 9, and traded above 80 yen [...]
