EURUSD Forecast August 25, 2016, Technical Analysis
The EURUSD pair fell slightly during the course of the session on Wednesday, as we continue to try to find buyers just below.
The EURUSD pair fell slightly during the course of the session on Wednesday, as we continue to try to find buyers just below.
Oil prices swung wildly into the positive territory yesterday. The rally eventually came to a halt around the $50 handle for Brent and $48 for WTI, and both contracts have been trending lower from these levels until an hour or so ago.
The EURUSD pair initially tried to rally during the course of the session on Monday, but then broke down at the 1.1350 level.
The AUDUSD pair initially tried to rally but we turn right back around to form a shooting star.
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.
Published on Aug 23, 2016 Rhino Trading Partners Chief Strategist Michael Block and FNC contributor David Webb on the state of U.S. markets.
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.
The AUDUSD pair went back and forth during the course of the session on Monday, but eventually ended up forming a positive candle.
The EURUSD pair initially fell during the day on Monday, but turned right back around and form a bit of a hammer.
The EURUSD pair fell significantly during the day but did bounce a bit by the end of the day on Friday.