Elliott Wave Forecast: EUR/GBP – Turn short at 0.8675 Despite last bank week’s rally to 0.8717, the subsequent retreat suggests a temporary top has been formed there and consolidation with downside bias is seen for retracement of recent upmove to ...

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Elliott Wave Forecast: USD/CAD – Buy at 0.9960 Despite intra-day brief fall to 0.9948, loss of near term downward momentum should prevent sharp fall below 0.9920-25 (61.8% Fibonacci retracement of 0.9815-1.0101) and reckon support at 0.9904 would ...

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AUD/USD: Consumer Price Inflation Rises In Australia Daily Forex Fundamentals | Written by GCI Financial | Feb 04 13 06:20 GMT For the 24 hours to 23:00 GMT on Friday, the AUD weakened 0.15% against the USD to close at 1.0415. LME Copper prices ...

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USD/CAD: Loonie Trading Higher In The Asian Session For the 24 hours to 23:00 GMT on Friday, the USD rose marginally against the CAD to close at 0.9976. In the Asian session, at GMT0400, the pair is trading at 0.9976, with the USD trading marginally ...

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USD/CHF: Swiss Franc Gained On Better-Than-Expected Swiss PMI Data Daily Forex Fundamentals | Written by GCI Financial | Feb 04 13 06:18 GMT For the 24 hours to 23:00 GMT on Friday, the USD declined 0.26% against the CHF and closed at 0.9071, as ...

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USD/JPY: Central Bank Aims To Defeat Deflation, Indicates Taro Aso For the 24 hours to 23:00 GMT on Friday, the USD strengthened 0.90% against the JPY and closed at 92.54. In the Asian session, at GMT0400, the pair is trading at 92.64, with the USD ...

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GBP/USD: Lloyds Business Sentiment Index Slips In January For the 24 hours to 23:00 GMT on Friday, GBP fell 0.95% against the USD and closed at 1.5718, as investors fretted over weak manufacturing data in the UK. The Markit’s manufacturing PMI fell ...

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Forex Signal Update: GBP/USD – Sell at 1.5800 Although cable’s selloff from last bank week’s high of 1.5879 to 1.5683 signals correction from 1.5674 has ended there, current recoil after holding above said recent low suggests consolidation would be ...

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Forex Signal Update: USD/JPY – Sell at 93.50 Although current firmness suggests recent upmove is still in progress and the breach of 92.99 (50% Fibonacci retracement of 110.67-75.31) signal gain to 93.30-35 would be seen, loss of upward momentum ...

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Forex Signal: EUR/USD – Buy at 1.3535 Despite Friday’s late rally to 1.3711, lack of follow through buying and the subsequent retreat from there suggest a potential evening star pattern was formed on the hourly chart and near term downside risk is ...

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Forex Signal: USD/JPY – Buy at 91.70 Current firmness suggests recent upmove is still in progress and further gain to 92.99 (50% Fibonacci retracement of 110.67-75.31) would be seen, however, near term overbought condition should limit upside to ...

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Elliott Wave Forecast: EUR/JPY – Buy at 124.85 Last bank week’s rally signals recent upmove is still in progress and further gain to 127.05-10 (100% projection of 117.07-122.91 measuring from 121.22), then 127.50 would be seen, however, reckon ...

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Elliott Wave Forecast: AUD/USD – Buy at 1.0385 Despite last bank week’s fall to 1.0361, the subsequent recoil suggest low is possibly formed there and consolidation with mild upside bias is seen for test of 1.0452, then 1.0475-80, however, fracture ...

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Elliott Wave Forecast: EUR/GBP – Buy at 0.8555 As the single currency has surged again after brief pullback, suggesting recent rally is still in progress and may extend further gain to 0.8665 resistance and possibly towards 0.8700, however, near ...

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Elliott Wave Forecast: USD/CAD – Stand aside Yesterday’s selloff to 0.9958 has dampened our bullishness and Failure to extend yesterday’s recoil and although the pair has recovered from there today, upside should be limited to 1.0030 and downside ...

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USD/CAD Weekly Forecast USD/CAD's recoil from 0.9815 gathered momentum last bank week and reached as high as 0.9946. The development argues that consolidation pattern from 1.0056 has completed with three waves down to 0.9815 already. Initial bias is ...

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AUD/USD Weekly Forecast The fracture of 1.0494 minor support last bank week suggests that recoil from 1.0344 has completed and initial bias is mildly on the downside this bank week for 1.0344 support first. As noted before, choppy recoil from 1.0148 ...

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USD/CHF Weekly Forecast USD/CHF rose to as high as 0.9388 last bank week and breached 0.9382 resistance. Though, there was no follow through buying to sustain above 0.9382 yet. And with 4 hours MACD crossed below signal line, initial bias is neutral ...

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GBP/USD Weekly Forecast GBP/USD's fall from 1.6380 extends further to as low as 1.5853 last bank week and initial bias remains on the downside for 1.5827 key near term support level. At this point, we're still viewing fall from 1.6380 as a ...

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Weekly Stocktaking and Forecast: USD Ended The Week Higher on Debt Ceiling, BoJ in Focus This Week There are some important points to note about last bank week's market developments. Firstly, it's a surprise that dollar ended the bank week as the ...

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