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The BTC/USD traded sharply bullish to violate the ascending triangle pattern at 12K mark and traded precisely in line with our Monday’s forecast to test 12,400 level. For now, the BTC/USD prices can drop amid profit taking by exhausted bulls. Checkout the Bitcoin price forecast in video analysis above.
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Forex Market: EUR/USD daily trading outlook Yesterday’s trade saw EUR/USD within the range of 1.0591-1.0658. The pair closed at 1.0637, down 0.09% on a daily basis, while extending the loss from Friday. The daily low has been the lowest level since April 15th, when the cross registered […]
Forex Market: GBP/NZD daily forecast During yesterday’s trading session GBP/NZD traded within the range of 1.9847-1.9948 and closed at 1.9947, gaining 0.5% for the day.At 6:40 GMT today GBP/NZD was adding 0.03% for the day to trade at 1.9939. The pair touched a daily high at […]
Dollar Eases as Fed Signals Ongoing Easing Path; Euro Poised for Weekly Advance Key Moments
The Dollar Index traded 0.1% lower at 98.682 after touching its weakest level since late October.
The Federal Reserve cut rates by 25 basis points and projected at least one more reduction next year.
The euro […]
Major Currency Pairs: Pivot Levels for Thursday (January 26th 2017) USD/CHFR1 – 0.9997
R2 – 1.0002
R3 (Range Resistance - Sell) – 1.0008
R4 (Long Breakout) – 1.0025
R5 (Breakout Target 1) - 1.0045
R6 (Breakout Target 2) - 1.0053S1 – 0.9985
S2 – 0.9980
S3 (Range Support - Buy) – 0.9974
S4 […]
Forex Market: GBP/USD daily trading forecast Yesterday’s trade saw GBP/USD within the range of 1.6077-1.6147. The pair closed at 1.6120, gaining 0.18% on a daily basis.At 9:28 GMT today GBP/USD was down 0.14% for the day to trade at 1.6100. The pair touched a daily low at 1.6088 at […]
Natural gas trading outlook: futures steady before EIA inventory data Natural gas was little changed on Thursday as investors braced for a supply report that will likely show US natural gas stockpiles exceeded the five-year average for the first time since 2013. However, forecasts for colder-than-usual weather […]