2018

With the previous swing low seen at 132.04 and bespoke support at 132.15, we would not look to sell at current level. A correction from this support is likely to be limited and potentially form a bearish Head and Shoulders formation. We…
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Daily Forex Market Preview, 27/04/2018 The European Central Bank left monetary policy unchanged at its meeting yesterday as widely expected. The central bank retained the same language from the previous monetary policy meeting. At the…
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Daily Forex Market Preview, 27/04/2018 The European Central Bank left monetary policy unchanged at its meeting yesterday as widely expected. The central bank retained the same language from the previous monetary policy meeting. At the…
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Daily Forex Market Preview, 27/04/2018 The European Central Bank left monetary policy unchanged at its meeting yesterday as widely expected. The central bank retained the same language from the previous monetary policy meeting. At the…
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Looks to be forming an Ending Wedge. Plenty of scope for movement within the pattern before a breakout. Current trend line support seen at 1.9300. A clear break there and the immediate target is 1.8905
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Retail sales in the United States posted a strong rebound in the month of March snapping a three month consecutive decline. Retail sales were boosted by a bigger than increase in motor vehicle sales and other big items. Despite the stronger…
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The U.S. dollar was seen maintaining the gains yesterday. Economic data was mostly quiet over the week. The U.S. crude oil inventories report showed a 2.2 million barrels per day increase beating forecasts of 1.6 million draw down seen from…
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Stalls at the intraday 261.8% extension of 1.2882 (from 1.2527 – 1.2657). Although we have seen a correction lower, we look for this move to be mild and temporary. Channel support is seen at 1.2781. With bespoke support at 1.2785, this is…
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Summary: IMF maintains global GDP to advance 3.9% this year Trade tensions expected to derail global economic recovery S. GDP expected to advance 2.9% in 2018 Japan GDP expected to advance 1.2% in 2018 UK GDP expected to…
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According to the current Cycle and Elliott Wave Counts, the Market could be positioned for a shift with reversal patterns pointing towards big swings. Technically, this would translate into dominant trends possibly finalizing the current…
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