Mobile Archives

Technical Analysis

EUR/USD Weekly Outlook

EUR/USD's decline extended further as expected as reached as low as 1.2496. The break of 1.2625 confirmed resumption of whole fall from 1.4939. Initial bias remains on the downside this week. Break of 61.8% projection of 1.4246 to 1.2625 from 1.3486 at 1.2484 will target 100% projection at 1.1865 which is close to 1.1875 low. On the upside, though, 1.

11:11 pm | ActionForex

USD/JPY Weekly Outlook

USD/JPY turned into consolidation last week and stayed in range above 78.99. Initial bias remains neutral this week and some more sideway trading might be seen. But near term outlook remains bearish with 80.54 resistance intact and another decline is still expected. Below 78.99 will target 75.56/76.02 support zone. Though, break of 80.

10:59 pm | ActionForex

GBP/USD Weekly Outlook

GBP/USD dropped further to as low as 1.5636 last week and met mentioned target of 61.8% retracement of 1.5234 to 1.6300 at 1.5641. Initial bias remains on the downside this week and sustained trading below 1.5641 will pave the way to retest 1.5234 low. On the upside, above 1.5726 minor resistance will indicate short term bottoming. In such case, stronger rebound could be seen back to 1.

10:58 pm | ActionForex

EU Morning Report- Euro remains under pressure

The euro (EUR) dropped to a two year low falling to 1.2515 from 1.2619 against the US dollar as uncertainty in the market grows.

By Easy-Forex | May 25 | Easy Forex

USD/CHF Weekly Outlook

USD/CHF's rally continued last week and reached as high as 0.9611 last week. The pair lost some upside momentum after hitting 0.9594 resistance. but retreats were so far shallow. Initial bias remains on the upside this week and sustained trading above 0.9594 will confirm resumption of medium term rise and should target 0.9916 key resistance level next. Below 0.

12:14 pm | ActionForex

AUD/USD Weekly Outlook

AUD/USD's decline continued last week and reached as low as 0.9688. While some consolidations could be seen initially this week, near term outlook remains bearish as long as 0.9934 holds. Current fall is expected to continue to 0.9663 support first and then 161.8% projection of 1.0852 to 1.0225 from 1.0473 at 0.9459. On the upside, though, break of 0.

12:11 pm | ActionForex

USD/CAD Weekly Outlook

USD/CAD's rally continued last week and reached as high as 1.0311 so far. Initial bias remains on the upside this week. As noted before, correction pattern from 1.0656 has completed with three waves down to 0.9799 already. Current rally from there is expected to continue to 1.0522/0656 resistance zone next. On the downside, though, below 1.

12:09 pm | ActionForex

GBP/JPY Weekly Outlook

GBP/JPY dipped to 124.17 last week and the break of 124.64 confirmed resumption of whole fall from 133.48. While some consolidations could be seen initially this week, upside is expected to be limited by 126.45. The current fall is expected to continue to 61.8% retracement of 116.83 to 133.48 at 123.19 next. Sustained break there will target a test on 116.83/117.29 support zone next.

12:08 pm | ActionForex

EUR/JPY Weekly Outlook

EUR/JPY dropped to as low as 99.38 last week and the break of 100.20 confirmed resumption of whole fall from 111.43. While some more consolidation would be seen initially this week, upside of any recovery attempt should be limited by 102.11 minor resistance. Current decline is expected to continue to retest 97.03 low next. On the upside though, break of 102.

10:40 am | ActionForex

EUR/GBP Weekly Outlook

Despite edging higher to 0.8101, EUR/GBP reversed from there and the development suggests that recovery from 0.7949 is finished. Initial bias remains mildly on the downside this week for 0.7949 first. Break will confirm resumption of whole fall from 0.9803 and should target next important fibonacci level at 0.7782. Above 0.

10:18 am | ActionForex

Trading Ideas on GBP/USD, AUD/USD and USD/CHF

Dollar-Swiss is continuing to trade lower below 0.9600. However, it is not showing much strength for a strong downmove. The overall bullish view remains intact and the pair is expected to take Support from 0.9500-480 region if the downmove extends further in the coming sessions. As we have been mentioning for some time, the bigger picture is very bullish and a strong rally to 0.9900-1.

May 25 | Kshitij Consultancy Service

EUR/JPY and GBP/JPY at Declining Channel Support

Basically in both the EUR/JPY and GBP/JPY, we are ready for some corrective rally. However, there is still further downside before some more key support factors come in play. So without confidence for the bullish outlook from the current support, it may be prudent to apply quicker trade management (ie. move stop to lock in profit early), if you are trading into a corrective rallies.

By Fan Yang | May 25 | FX Times