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EUR/USD Bulls Need to Protect 1.1410

Team FX Trading Revolution | Aug 20, 2018

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EUR/GBP Aiming at 0.9000

Team FX Trading Revolution | Aug 17, 2018

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GBP/USD Sticking to Modest Gains Above 1.2700

Team FX Trading Revolution | Aug 17, 2018

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EUR/JPY May Test 124.60 YTD Lows

Team FX Trading Revolution | Aug 17, 2018

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AUD/USD Marking Close to 0.7300

Team FX Trading Revolution | Aug 17, 2018

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EUR/USD Needs to Clear 1.1510 to Alter Bearish Outlook

Team FX Trading Revolution | Aug 17, 2018

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USD/CAD Tumbles to Below 200 SMA

Team FX Trading Revolution | Aug 17, 2018

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USD/CHF Negative Around mid 0.99

Team FX Trading Revolution | Aug 17, 2018

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Canada: July CPI rose 3.0% y/y vs. 2.5% exp

Team FX Trading Revolution | Aug 17, 2018

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USD/JPY Breaks 110.50, Becoming Further Vulnerable

Team FX Trading Revolution | Aug 17, 2018

EUR/USD Bulls Need to Protect 1.1410

08/20/2018
at 5:11 AM
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EUR/USD uptick move has stalled near the 200 hour MA. The recent bulls need to defend the ascending support at 1.1410 in order to retain the upside bias. However, breaking down the level may add strength to the bears and the pair may target the 1.1300 level again. Support S1: ... Read More...

EUR/GBP Aiming at 0.9000

08/17/2018
at 2:38 PM
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EUR/GBP has been gaining for the third consecutive day resuming the bulls trend. Bulls are heading above 50, 100 and 200 hour MAs. The pair aims to attain 0.9000 figure while the rally may pause if the pair breaks below 0.8940. Technical Levels to Watch Support 1: 0.8940 August 14 ... Read More...

GBP/USD Sticking to Modest Gains Above 1.2700

08/17/2018
at 2:27 PM
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GBP/USD has quickly reversed the dip to 1.2700 handle during mid of European session and is heading north to the daily tops. US-China trade optimism triggered profit taking in the US Dollar that helped GBP and other currencies to rise against the Dollar. However, despite the uptick move, the pair ... Read More...

EUR/JPY May Test 124.60 YTD Lows

08/17/2018
at 2:09 PM
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EUR/JPY resumes the downtrend move below 126.00 handle while wobbling up and down. The retest of YTD lows at 124.60 cannot be ruled out. The downside pressure took acceleration below the 129.00 handle earlier this month. However, extremely oversold condition indicates that the pair may squeeze a little higher that ... Read More...

AUD/USD Marking Close to 0.7300

08/17/2018
at 1:55 PM
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AUD/USD eased down to 0.7255 in the European session but took advantage of the weaker Dollar and reversed the course. The pair is gaining 0.35% at 0.7288 on the day. Greenback is struggling on Friday while CNY regained the lost ground that added more strength to the AUD. On the ... Read More...

EUR/USD Needs to Clear 1.1510 to Alter Bearish Outlook

08/17/2018
at 1:00 PM
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Scotia Bank strategists note that uptick of EUR/USD is looking at 1.1510 area. Key Quotes “Eurozone CPI was finalized at 2.1% Y/Y, which will be of modest comfort to ECB policy makers, while the ECB reported current account surplus of EUR23.5bn for Jun, narrower than the upwardly revised surplus of ... Read More...

USD/CAD Tumbles to Below 200 SMA

08/17/2018
at 12:52 PM
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USD/CAD has retreated from the three weeks top and swiftly moved below the 1.31 handle and 200 hour MA posting fresh lows at 1.3067 after upbeat Canadian inflation figures published. Canada surprised the market with 3% CPI against 2.5% expected on yearly basis which is the highest level since March ... Read More...

USD/CHF Negative Around mid 0.99

08/17/2018
at 12:42 PM
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After finding tight range in the Asian session around 0.9970, USD/CHF came under immense selling pressure in the European session as the Turkish crisis headed up again. The pair is losing 0.17% at 0.9951. In addition to the risk averse environment, greenback saw retreating today against most of its rivals ... Read More...

Canada: July CPI rose 3.0% y/y vs. 2.5% exp

08/17/2018
at 12:34 PM
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Canadian CPI has risen to 3% on yearly basis in July against 2.5% forecasted level. USD/CAD has sharply spiked down below the 200 hour MA. Key Quotes "While continued strength in energy prices contributed most to the year-over-year increase, higher prices for various services, including air transportation and travel tours, ... Read More...

USD/JPY Breaks 110.50, Becoming Further Vulnerable

08/17/2018
at 12:17 PM
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USD/JPY has broken the important support level of 110.50 making fresh daily low at 110.33 as the Turkish Lira comes back into the focus. The pair looks quite vulnerable and yen may post further gains in the US trading session. There are large option expiry at 110.50 level that may ... Read More...