2018

We have seen some stalling in price action with Inside Harami Candles posted in the daily chart (indecision). We look for any upside corrections to be limited. Bespoke resistance is located at 149.00
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The first quarter unemployment data was released by Statistics New Zealand last week. According to official data, the New Zealand unemployment rate fell to a nine-year low in the first three months of the year ending March 2018. The…
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Forex volatility refers to currency fluctuations in the global foreign exchange market. Price movements can vary from hour-to-hour, second-to-second depending on a huge number of factors – but is volatility good or bad for traders? Let’s…
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The charts and overall technical analysis points towards the possibility that the volatility could be coming back with a bang, just like it did in the beginning of February, when global Indices seriously dipped to unexpected lower grounds.…
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A pullback from current levels and we have the 23.6% Fibonacci level at 0.9850. Trend line support is located at 0.9750. With a stop placed under this offers a decent risk/reward set-up.
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After completing a bullish Elliott Wave pattern (5-waves) a bearish Outside Week was posted from the high (1.4377). Three consecutive negative weekly performances have resulted in GBPUSD breaking the channel formation to the downside
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Job growth in the United States was falling more than expected as the US unemployment rate falls to 17 year lows at 3.9%. The decline came as some of the workers left the work force. The U.S. Labor department released the highly…
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Daily Forex Market Preview, 08/05/2018 The markets were seen trading subdued on the day with price action staying rather flat. Economic data on Monday was quiet with only the Fed member speeches from Bostic and Barkin. The Eurozone…
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Daily Forex Market Preview, 08/05/2018 The markets were seen trading subdued on the day with price action staying rather flat. Economic data on Monday was quiet with only the Fed member speeches from Bostic and Barkin. The Eurozone…
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Daily Forex Market Preview, 08/05/2018 The markets were seen trading subdued on the day with price action staying rather flat. Economic data on Monday was quiet with only the Fed member speeches from Bostic and Barkin. The Eurozone…
Read More