Weekly Strategy on Gold Gold is facing strong bearish pressures at 1362.00-1380.00. This scenario is strengthened by the 2016 high (1375.00). Of course, the recent geopolitical uncertainty (China-USA-Syria) already had a considerable impact. Alternatively, the precious metal may remain supported around 1322.00.
Weekly FX Strategy on EURUSD During late 2017 and early 2018 we had some pressures on the USD. The political risk (trade war and tax reform) was one of the main factors. In the scenario where such risks calm over the upcoming months the USD will turn to the positive territory. Furthermore, in the event […]
EURUSD April 18, 2018 Analysis Long-Term View EURUSD April 18, 2018: The euro and the U.S. dollar struggle at the 1.2477 the latest critical zone. The uptrend channel seems intact, but the positioning of the price cannot indicate a clear direction over the short-term. Both the buyers and the sellers will try their chances in […]
Weekly FX Strategy on EURCHF EUR/CHF rises above to the 1.1900 area for the first time since the removal of the floor by the SNB. The SNB kept its interest rate unchanged in March as expected and said that the CHF is still overvalued. As per the SNB’s view, the Swiss franc remains “highly valued” […]
Weekly FX Strategy on AUDUSD RBA maintained the interest rate unchanged at 1.50% in the April meeting(in line) and kept its neutral policy stance. The impact of the U.S. and China trade war on Australia may be zero or limited as the exports to the U.S. accounts counts approximately 1.8% of the GDP. However, the major […]
AUDJPY April 17, 2018 Analysis Long-Term View AUDJPY April 17, 2018: The recent uptrend momentum and bullish formation is an indication that the buyers might profit further. Can the bulls resume leading the price or will the sellers take over via retracing the pair to the downside? The bulls have the advantage in boosting the price to extremely […]
USDJPY April 16, 2018 Analysis Long-Term View USDJPY April 16, 2018: Where will the pair move next? Upside as per the overall uptrend channel or do the sellers have something else in mind? The previous retracement at the 104.57 where the pair aimed aggressively upper, and the recent stability of the price at the 107.47 area […]
GBPJPY April 16, 2018 Analysis Long-Term View GBPJPY April 16, 2018: The price has been rising since September 2016 as the buyers were able to boost the pair to 156.75 the latest highest resistance zone. Throughout these two years, the price was oscillating on a swing mode but within an upside formation. The major resistance levels […]