Рубрика: Analysis and Reviews

Forex Analysis and Reviews

Technical analysis of EUR/USD for Jan 02, 2018

When the European market opens, a series of economic data will be released such as Final Manufacturing PMI, German Final Manufacturing PMI, French Final Manufacturing PMI, Italian Manufacturing PMI, and Spanish Manufacturing PMI. The US will present Final Manufacturing PMI later today. So amid the reports, the EUR/USD pair will move low to medium volatility […]

AUD/JPY testing major resistance, time to go short

Price is testing major resistance at 88.09 (Fibonacci retracement, horizontal swing high resistance) and we expect a strong drop from this level towards 86.69 support (Fibonacci retracement, horizontal support). Stochastic (55,3,1) is seeing major resistance at 99% and is starting to drop nicely signalling a further drop could be expected. Sell below 88.09. Stop loss […]

AUD/USD testing strong resistance, sell one last time

Price is now testing strong resistance at 0.7824 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and a strong drop could occur at this level to push price down to at least 0.7696 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,3,1) is seeing major resistance at 98% where a corresponding drop could occur from and also […]