We will review why your results in your demo account will probably contrast sharply with the results in your live account. Commentary from Brad Gareiss and Matt Weller, Technical Analysts, GFT latest forex analysis
Since bottoming near 1.3020 last week, the EUR/CAD has trended higher within an obvious bullish channel. Interestingly, all of the pullbacks over the past week have been nearly identical in magnitude: the last five pullbacks have been between 35-55 pips. With rates recently accelerating away from bullish trend line support, waiting for a pullback of [...]
Intraday bias in USD/CAD remains on the downside for 0.9891 support. Break there will resume whole decline from 1.0656 100% projection of 1.0656 to 0.9891 from 1.0522 at 0.9757. On the upside, break of 1.0050 resistance is needed to signal short term bottoming. Otherwise, near term outlook will remain bearish even in case of recovery. [...]
It is already shaping up to be an interesting trading week. Over the weekend, the People’s Bank of China announced another 50bp cut to their reserve requirement ratio, driving currencies sharply higher. In early Asia, the New Zealand dollar rose to its highest level in 5 months while th Commentary from Kathy Lien & Boris [...]
A technical preview into what this week’s price action might bring for 7 major currency pairs… Commentary from Brad Gareiss and Matt Weller, Technical Analysts, GFT latest forex analysis
With no negative news flow to contradict the possibility of an agreement to provide a second bailout to Greece on Monday, investors remain cautiously optimistic, bidding the euro and other risk assets higher. Encouraging words from Germany’s Ministry of Finance also help Commentary from Kathy Lien & Boris Schlossberg, Directors of Research, GFT
Despite dipping to as long 1.2974, EUR/USD rebounded strongly and the breach of 1.3190 minor resistance dampened the immediate bearish view. Initial bias is neutral this week for some sideway trading first. On the upside, above 1.3321 will resume the rebound from 1.2625 and target 61.8% retracement of 1.4246 to Action Insight (All Technical) forex [...]
A bearish Gartley pattern is forming on the EUR/GBP. Commentary from Brad Gareiss and Matt Weller, Technical Analysts, GFT latest forex analysis
This past week’s developments are a perfect example of the challenge that the Greek situation poses for countries across the Eurozone, the European Central Bank, rating agencies, and investors around the world. To say that it is complicated is an understatement. Commentary from Kathy Lien & Boris Schlossberg, Directors of Research, GFT
FXstreet.com (San Francisco) – The common currency gained on the U.S. dollar on Friday as hopes for… For more information, read our latest forex news. FXstreet.com: Latest News forex news
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