Australian Dollar falls to the last week’s low covering the gap that had been left earlier this week under growing pressure from external funding. The rumors say that the Chinese program of additional stimulus will not be extensive. This data r…
On the Daily chart
We can see that the GBP/USD pair experienced a sharp sustained decline from Price Level 1.6300 towards price level 1.5550 during this month.
The GBP/USD is currently testing 23.6% Fibonacci level & the lower limit of the de…
Intraday Technical Outlook:
The USD/CAD pair has been respecting its depicted uptrend line started on the 3rd of May.
The USD/CAD pair remained within a narrow sideways range 1.0150-1.0230, when the bulls managed to make a bullish breakout above 1….
At 0.9770 a strong level (Resistance) will be formed providing a clear signal for Sell-deals with the target seen at the 0.96 level. Stop Loss is to be placed above 0.9825.
At 0.9524 a strong level (Support) will be formed provi…
EUR/AUD Elliott Wave
Yesterday the EUR/AUD pair was trading in a downward movement developing 3 wave. During the Asian session we could observe the descending movement towards the 1.2697 level. Therefore during the European session the EUR/AUD pair …
Strong Support: 0.7480 / 0.7530.
Strong Resistance: 0.7810.
According to previous events the price is expected to remain between 0.77 and 0.7930 levels.
Buy-deals are recommended above 0.7480 / 0…