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USD/JPY plummets to 2-week lows ahead of US data

Team FX Trading Revolution | Nov 16, 2018

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GBP/USD bulls breaking out of bearish circle

Team FX Trading Revolution | Nov 16, 2018

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Canada: Sept Manufacturing sales +0.2% versus 0.1% estimated

Team FX Trading Revolution | Nov 16, 2018

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US: Industrial production for Oct +0.1% vs +0.2% estimated

Team FX Trading Revolution | Nov 16, 2018

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EUR/USD rejected at 200 hour MA, forms bearish flag on H1

Team FX Trading Revolution | Nov 16, 2018

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WTI upbeat ahead of key data

Team FX Trading Revolution | Nov 16, 2018

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US Dollar remains supported at 96.80

Team FX Trading Revolution | Nov 16, 2018

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UK Trade Sec Fox: No-deal is also a possibility

Team FX Trading Revolution | Nov 16, 2018

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EUR/GBP consolidating gains around 2-1/2 week top

Team FX Trading Revolution | Nov 16, 2018

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Daily HFT Trade Setup - USDJPY bounces at HFT buy zone!

Team FX Trading Revolution | Nov 16, 2018

USD/JPY plummets to 2-week lows ahead of US data

11/16/2018
at 2:35 PM
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USD/JPY extends the slide in the previous hour as the risk aversion grew that was widely witnessed in the European equities and indexes. This resulted in triggering the safe haven appeal of the JPY, hence the pair weakened below 113.00 handle. On the other hand, US Dollar could not sustain ... Read More...

GBP/USD bulls breaking out of bearish circle

11/16/2018
at 1:44 PM
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GBP/USD is observing the bearish trend in the 4 hour chart. However, the pair broke beyond 1.2850 level while technical indicators are picking pace. The pair has found buying interest and this may open the doors to 1.2950 level. Technical Levels R1: 1.2965 R2: 1.3152 R3: 1.3273 S1: 1.2657 S2: ... Read More...

Canada: Sept Manufacturing sales +0.2% versus 0.1% estimated

11/16/2018
at 1:31 PM
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0.4% prior Manufacturing sales for September +2% versus 0.1% expected factory new orders -0.3% versus +0.5%% in August manufacturing sales ex-autos -0.5% versus +0.2% last month (revised from +0.5%) unfilled orders, +0.4% inventories, +0.3% inventories to sales ratio 1.44 Read More...

US: Industrial production for Oct +0.1% vs +0.2% estimated

11/16/2018
at 1:24 PM
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Prior was +0.3% Production y/y Capacity utilization % vs 78.2% exp Manufacturing production % vs +0.2% exp Read More...

EUR/USD rejected at 200 hour MA, forms bearish flag on H1

11/16/2018
at 1:10 PM
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EUR/USD recovered from the YTD lows but struggling to continue the momentum. The pair has formed rising trend channel on hourly chart above 200 hour MA. Bearish flag pattern is under formation and traders should wait for bounce off or breakout of the flag support. Meanwhile, technical indicators are lying ... Read More...

WTI upbeat ahead of key data

11/16/2018
at 12:43 PM
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WTI is maintaining the bid tone as the week is proceeding to the end. Commodity manages to sustain beyond $57.00 level now. WTI is gradually paring the losses as OPEC is firm on curtailing production to 1 mbpd that will be discussed and decided in the meeting next month in ... Read More...

US Dollar remains supported at 96.80

11/16/2018
at 12:25 PM
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US Dollar index is extending the rangebound price action, attempting to move beyond 97.00 handle provided stiff support remains intact at 96.80. Alternatively, if the selling intensifies then the next stop should be 20 day MA at 96.60 where a breakout will lead to 95.70 Nov lows. Technical Levels R1: ... Read More...

UK Trade Sec Fox: No-deal is also a possibility

11/16/2018
at 11:59 AM
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Liam Fox, UK sec for Trade was asked whether he's willing to become Brexit secretary, he refused to speculate on that. He further said that no-deal can also happen and it would be too unfortunate for everyone. "We need to focus on negotiations that are not complete." "Agree with Gove, ... Read More...

EUR/GBP consolidating gains around 2-1/2 week top

11/16/2018
at 11:33 AM
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EUR/GBP gained overnight but could not clear the confluence of resistance comprised of 100 day MA and 50% Fibo retracement of 0.9100 - 0.8655 downfall. The European cross starte correcting lower from the two and a half week highs, although the downside remained limited. Hourly indicators are suggesting that the ... Read More...

Daily HFT Trade Setup - USDJPY bounces at HFT buy zone!

11/16/2018
at 10:55 AM
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Analysis of the trading activity of HFT algorithms in the Fx market this morning indicates that the USDJPY currency pair has reached the light HFT buying pressure zone that is noted at 113.24 and below. Several prior lows in this area provide additional support here and hence it's likely that ... Read More...