FOREX.TODAY

Tag: 2015

Forex Major Currencies Outlook (Dec 17, 2015)
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USD The Fed increased rates by 0.25% as expected, upgrading growth and employment forecasts for 2016 as well. Although they downgraded their PCE inflation estimates for next year, Fed head Yellen still showed confidence in US fundamentals. In terms of data, industrial production, capacity utilization, and the flash manufacturing PMI all missed expectations. The Philly…
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Forex Major Currencies Outlook (Dec 11. 2015)
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USD Data from the US economy came in mixed today, as the initial jobless claims report posted a downside surprise of 282K in claimants while import prices indicated a smaller than expected 0.4% drop versus the projected 0.8% decline. For today, the retail sales report is up for release and the headline figure is slated…
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AUDUSD Broken Trend Line Retest (Dec 11. 2015)
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AUDUSD1
AUDUSD recently made a strong downside break from its ascending trend line connecting the recent lows on the 4-hour time frame. This suggests that a reversal is in order, after price completes its pullback to the broken support. The broken trend line coincides with the 61.8% Fibonacci retracement level on the latest swing high and…
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Forex Major Currencies Outlook (Dec 10, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar had a mixed performance, as it gave up ground to the yen, euro, pound and Kiwi but managed to stay strong against its other rivals. There have been no major reports out of the US, leaving risk sentiment as one of the major drivers of price action. Today has the initial…
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USDJPY Range Breakdown (Dec 10, 2015)
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USDJPY1
After being stuck inside a range for quite some time, USDJPY finally picked a direction and broke to the downside. This suggests that further losses might be in the cards for this pair. The range is approximately 100 pips in height so the resulting breakdown could be of the same size, possibly taking the pair…
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AUDCAD Long-Term Channel Bounce (Nov 13, 2015)
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Screen Shot 2015-11-12 at 4.45.20 PM1
AUDCAD is slowly trending higher on its 4-hour time frame, just having bounced off the bottom of the range at the .9300 major psychological level. A short-term double bottom pattern can be seen, indicating that further rallies towards the top of the channel at the .9600 major psychological level could take place. For now, price…
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GBPAUD Head and Shoulders (Nov 12, 2015)
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Screen Shot 2015-11-11 at 8.39.44 PM1
GBPAUD could be in for a long-term reversal, as a head and shoulders pattern has formed on its 4-hour forex chart. Price is on its way to test the neckline support at the 2.1200 area, with a downside break likely to confirm that a selloff is in order. The chart formation is approximately 500 pips…
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GBPAUD Uptrend Channel (Nov 10, 2015)
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Screen Shot 2015-11-09 at 4.52.10 PM
GBPAUD has been trending higher on its 4-hour chart, moving inside a rising channel visible on that time frame. Price just bounced off the channel support at 2.1150 and may be aiming for the top at 2.1800-2.1900. Price could still encounter a bit of resistance at the mid-channel area of interest, which might spur another…
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Forex Major Currencies Outlook (Oct 27, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar had a mixed performance, as it reacted mostly to risk sentiment and a bit of profit-taking from the recent strong moves. New home sales data from the US was weaker than expected, as the figure landed at 468K while the previous reading was downgraded to 529K. US CB consumer confidence and…
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Forex Major Currencies Outlook (Oct 15, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
  USD The US dollar gave up a lot of ground to its forex counterparts in recent trading sessions, spurred mostly by disappointing retail sales data. The headline figure indicated a mere 0.1% uptick instead of the 0.2% rise while the core figure showed a 0.3% drop. Producer prices were also weaker than expected, suggesting…
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EURGBP Rising Wedge (Oct 15, 2015)
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rsz_151015_eurgbp
EURGBP has been moving steadily higher but is still inside a rising wedge consolidation pattern. Price just tested the resistance and made a bounce, indicating that a test of support near the .7400 major psychological level might take place soon. The 100 SMA is still above the longer-term 200 SMA, which suggests that another bounce…
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Forex Major Currencies Outlook (Oct 14, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar had a mixed performance as it acted mostly as a counter currency in recent trading sessions. Low-tier data from the US economy came in somewhat better than expected, with the NFIB small business index rising from 95.9 to 96.1. For today, the top-tier retail sales release is likely to have a…
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CADJPY Triangle Breakout (Aug 4, 2015)
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150804   _cadjpy2
CADJPY had been trading inside a descending triangle pattern on its 4-hour time frame before the pair made a break below support. This suggests that further losses are likely, possibly triggering a downtrend of around 400 pips or the same height as the chart pattern. The 100 SMA is below the 200 SMA on the…
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Forex Major Currencies Outlook (July 13, 2015)
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USD The US dollar opened higher against most of its forex counterparts upon finding out that there has been no deal struck over the weekend between Greece and its creditors just yet. Data from the US was weaker than expected last Friday, as wholesale inventories showed a 0.8% figure versus the projected 0.3% reading, reflecting…
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EURGBP Descending Channel (July 13, 2015)
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150713_eurgbp
EURGBP is still on a downtrend but the pair is currently testing the top of the descending channel visible on its 4-hour time frame. If resistance around the top of the channel or .7200 holds, the pair could move back to the bottom at .7000 or lower. Stochastic is pointing down, which means that sellers…
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USDJPY Descending Channel (July 6, 2015)
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150706_usdjpy
After the huge weekend gap, USDJPY was able to test support at the bottom of the channel near the 121.50 minor psychological level. Price could make its way back to the top to test the resistance near the 123.00 major psychological level. Stochastic is on the way up, which means that buyers have enough energy…
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Forex Major Currencies Outlook (June 25, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar was able to advance against some of its counterparts yesterday but gave up most of its recent gains in today’s Asian trading session. As expected, the US Q1 GDP was upgraded from -0.7% to -0.2%, reflecting a smaller contraction than initially reported. For today, initial jobless claims and the core PCE…
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