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Technical Analysis

  • 21 أيلول (سبتمبر) 2018, 09:34:04

    USDCHF: Dollar Under Pressure, Targets 0.95

    As the EURUSD pair surged on Thursday, the USDCHF pair did the opposite and dropped sharply as these two are negatively correlated to each other.

    The USDCHF pair is now sliding at the lower trend line of the bearish trend line and it appears this trend line could be broken to the downside very soon. Should this happen, bears would push the greenback lower to the first stronger support of 0.9535. However, it's possible that the psychological level of 0.95 could be in play eventually.

    On the upside, bulls need to push the greenback back above 0.9640 to stop the immediate bearish threat. If this is achieved, further relief rally toward 0.97 could occur.

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  • 21 أيلول (سبتمبر) 2018, 09:33:02

    EURUSD: Euro Posts Bullish Breakout, Further Gains Likely

    The EURUSD pair surged more than 100 pips on Thursday and closed at two-month highs, slightly below the 1.18 handle. On its way up, the euro has risen about the very important resistance of previous tops at 1.1745 and this is now the key support for bulls in this upside wave.

    Should the rally continue, the next target might be at another strong level of 1.1850, where previous highs and lows were converged and larger selling offers could be located here. If this level falls, the trend could switch to bullish, targeting the psychological level of 1.20.

    On the downside, the price needs to stay above the mentioned support of 1.1750 to continue in this bullish structure. Falling below could mean further correction toward the bullish trend line, which is currently at 1.1650/60. However, if the pair defends this trend line, the outlook still seems positive.

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  • 20 أيلول (سبتمبر) 2018, 11:56:00

    NZDJPY: Cross Soars, Tests Major Resistance

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    The New Zealand Dollar, also known as the Kiwi, found bottom in the middle of September and has been on the rise since then. The NZDJPY cross rose 0.60% on Thursday, trading at fresh three-week highs around 74.70 during the London session.

    The critical resistance of the long-term bearish trend line is now being tested, which stands around 74.75. Should the price jump beyond that, the long-term bearish trend could end and the consolidation phase might begin, with a possible upward movement as well.

    Another resistance is at August tops of 75.10 and, if broken, the price might advance toward the key selling zone between 75.50 and 76.00. Jumping beyond could start a bullish trend on the NZDJPY cross.

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  • 20 أيلول (سبتمبر) 2018, 11:41:00

    Oil Stays Bullish, Targets 73.00 USD

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    The price of oil has recently been moving gradually higher, as a result of hurricane Florence and a weaker US Dollar. It was also stronger on Thursday, changing hands around 71.75 USD, some 0.40% higher on the day.

    Bulls managed to push the price above the first strong resistance of previous highs, which was located at 71.00 USD. This is now the main support and ― as long as oil remains above this point ― the short-term outlook appears bullish.

    The next target for this wave might be considered around 72.80/73.00 USD where May's tops are located. If the current upward momentum persists, oil could attack the current cycle highs near the psychological level of 75.00 USD.

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Economic Calendar

Time Region Event Prev Forecast Actual
10:00GermanyIFO - Current Assessment 106.4106.1
10:00GermanyIFO - Expectations 101.2100.2
10:00GermanyIFO - Business Climate103.8103.0
12:00United KingdomCBI industrial order books balance7
14:30CanadaWholesale Sales, m/m-0.8%0.2%
14:30U.S.Chicago Federal National Activity Index0.130.02
15:00BelgiumBusiness Climate-0.3-0.8

Внимание!Экономический календарь не доступен в мобильной версии

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