AUDUSD Forecast August 24, 2016, Technical Analysis
The AUDUSD pair initially tried to rally but we turn right back around to form a shooting star.
ETF
DAX – Golden Cross For German Stocks
Bad news is good news for the markets that rely on central banks’ support. And so it proved again this morning’s as the latest European data disappointed expectations, yet the major stock indices rallied as if everything was just fine.
USDCAD Breakdown Retracement Aug 23, 2016
USDCAD was previously trading inside an ascending channel pattern before breaking lower to signal a reversal. Price hit a low of 1.2762 before pulling up and indicating that a retracement to the broken support area could be in order.
AUDUSD Forecast August 23, 2016, Technical Analysis
The AUDUSD pair went back and forth during the course of the session on Monday, but eventually ended up forming a positive candle.
EURUSD Forecast August 23, 2016, Technical Analysis
The EURUSD pair initially fell during the day on Monday, but turned right back around and form a bit of a hammer.
EURUSD Forecast August 22, 2016, Technical Analysis
The EURUSD pair fell significantly during the day but did bounce a bit by the end of the day on Friday.
GBPUSD Shows Signs Of Life
The GBPUSD ended higher last week on the back of surprisingly stronger-than-expected UK economic data and as the dollar eased along with expectations about an imminent rate hike in the US.
DAX – Could Stocks Rebound Soon?
This week saw data from the UK surprise positively and the severally-oversold pound bounced back sharply, while the dollar fell across the board as the Fed watered down rate hike expectations in the minutes of the FOMC’s last meeting and after some weakness in US data was observed, causing the EUR/USD to climb to its best level since 24 June.
EURUSD Forecast August 18, 2016, Technical Analysis
The EURUSD pair went back and forth during the course of the day on Tuesday, showing a bit of indecision after a very impulsive day on Monday.
EURUSD Forecast August 15, 2016, Technical Analysis
The EURUSD pair initially tried to rally during the course of the day on Friday, but gave back about half of the games in order to form a shooting star.