GBPUSD Daily Analysis – April 8, 2014
GBPUSD broke above 1.6620 resistance, suggesting that the downward movement from 1.6684 had completed.
GBPUSD broke above 1.6620 resistance, suggesting that the downward movement from 1.6684 had completed.
Good Morning Readers…we wanted to address several questions that we have been receiving concerning High Frequency Trading otherwise known as HFT.
USDJPY is facing the support of the lower line of the price channel on 4-hour chart.
After touching 0.9303 resistance, AUDUSD pulled back from 0.9306, suggesting that lengthier sideways movement is underway.
Option Alert Service Signal New Trade Suggestion
Brent crude oil fell below $106 to start the week as the Libyan government neared a deal with rebels to reopen several of its largest oilfields. The commodity traded at $105.83 at 6:15 GMT on Monday morning as investors braced for an influx of supply.
After Friday’s shellacking and today’s opening once again to the downside we want
EURUSD broke below 1.3705 support, and continued its downward movement from 1.3966, and the fall extended to as low as 1.3672.
GBPUSD’s fall from 1.6684 extended to as low as 1.6553.
AUDUSD broke above 0.9303 resistance, suggesting that the uptrend from 0.8924 has resumed.