Euro Rests At Pivot

euro_rests_at_pivot

LONDON: Euro Rests at Pivot today on intra-day trading. The day began slowly with traders feeding on crumbs and playing snatch and grab for pips on overnight trades from Asia and Pacific sessions. The August UK Public Sector Finances, news brought some volatility to the pound sterling and the euro related currencies. This led to [...]

EURJPY – Our Chart of the Day

EURJPY was our main play for today. Primarily because it provided opportunities for greater profits today.

GBPUSD Falls on Trade Balance

Pounds sterling on a free fall again as UK’s trade balance fails market expectation. This further highlighted the forex market apprehension on the UK economy and the pound sterlings.

GBPUSD Daily Forecast

Today’s analysis shows that the sterling is at a crossroad. We are beginning to see a head and shoulders formation from the 4-hourly timeframe as shown on price chart at 1.6516 resistance line. Linear Regression still looks bullish but will the pair break out of this range?

GBPUSD Violate Supports

GBPUSD violate supports in this morning trades. Cable, GBPUSD rose mildly to 1.6326 having traded lower on Asian session. The ground caved in on cable, GBPUSD as market made u-turn as day unfolds. Is this a sign of what lies ahead?