British pound managed almost to test resistance zone 1.2830-50 yesterday where market managed to add more drop pressure toward moe drop Market managed to hit 1.2690 where Intrdaya Signals start to show ability for some rebound correction toward 1.2780 or 1.2830-50 zone again where from there the downtrend view will back again on market Bel...

2018-08-15 رامي أبو دراع Read more

EURUSD Non-Commercials reduced their net long positions in the Euro last week selling 12k contracts to take the total position to 11k contracts. The record long position that built up in EUR over the first few months of the year, on expectations of faster ECB monetary tightening, has now been reduced by around 90% as the market has reacted ...

2018-08-13 James Harte Read more

British pound managed to hit target 1.2850-75 last week where managed to break below this support where more drop was expected toward 1.2775 (done at market) and toward second target 1.2590 Intraday levels showing resistance at 1.2790 and 1.2850 where as long as market holding below on of those resistances more drop will be expected toward 1....

2018-08-13 رامي أبو دراع Read more
uk

The Bank of England (BoE) held its monetary policy meeting last week on Thursday. As widely expected, the central bank raised the key lending rate by 25 basis points to 0.75%. This was the second interest rate hike since November 2017. [shortcode-variables slug="learn-forex-basics"] However, the central bank signaled that it was not in a h...

2018-08-07 John Benjamin Read more
COT-Report-Forex

EURUSD Non-Commercials increased their net long positions in the Euro last week, buying a further 8k contracts to take the total position to 30k contracts. This latest buying spree of the EUR reflects the market’s relief in response to the announcement by President Trump and EC President Juncker, that the two sides will work together to res...

2018-08-06 James Harte Read more

British pound managed to met target 1.3000 zone as we advised last week market resumed drop today where market seems trying to test support levels of our downtrend channel which is around 1.2850-75 zone As we see over the chart, that support 1.2850-75 may drive for rebound correction toward 1.3000-40 zone Below 1.2850 market may head fo...

2018-08-06 رامي أبو دراع Read more

As we advised early this week and as we see over our previous chart British Pound managed to hold trades below downtrend channel resistance where market still looking for farther drop to test 1.3000 zone Intraday Levels showing resistance at 1.3160-80 where market managed to test yesterday while we will expect from this zone another drop t...

2018-08-01 رامي أبو دراع Read more

British Pound managed to hold trades below downtrend channel resistance where market still looking for farther drop to test 1.3000 zone Intraday Levels showing resistance at 1.3160-80 where will expect from this zone another drop toward 1.3000 zone Above 1.3220 market may head for farther advance to test and threat 1.3360 resistance ...

2018-07-30 رامي أبو دراع Read more

British pound managed to test support 1.3070-80 last Monday where managed to advance and closed today from target 1.3250 As we see over the chart the downtrend line is around 1.3230-50 now while as long as market holding above 1.3150 the chance for more advance to test 1.3230-50 is available Below 1.3150 the market may face more downtrend ...

2018-07-26 رامي أبو دراع Read more

British pound also managed to resume drop last week where managed to test our support zone 1.2950-75 which drive for another rebound toward 1.3100-10 and avbove as we advised Pound managed to break 1.3110 resistance which may drive for farther advance toward 1.3250-60 zone As long as maret holding above support 1.3070-80 more advance towar...

2018-07-23 رامي أبو دراع Read more