Follow @avatrade on Twitter
Loading...
Daily Briefing- Asia recovered last night and Europe Trading Mix
Currencies EUR/USD- the pair has formed a complex reverse Head & Shoulder pattern a 30 minute time frame. The RSI is showing that the bias could be towards the upside. USD/JPY- the price action bounced back from a support zone on a 30 minute time frame. This support level was given in our analysis on the 23rd of May. The RSI shows a positive outlook so bias could be to the … [Read More...]
Nikkei Swings back up and Europe is trading Higher
Asian markets closed modestly higher on the last day of the week. The Nikkei 225 which lost over 7.1% yesterday was able to recoup some of its losses today and closed higher with a gain of 0.88%. Tokyo did open strongly higher today, but then it slipped from its highs as the governor of the Bank of Japan failed to calm the market due to a rise in the government bond yield. Most analysts compared … [Read More...]
EUR/USD- Technical points Bullish outcome
The EUR/USD pair has formed a reverse complex Head & Shoulder pattern on a 30 minute time frame. The price is trading above the 50 day (shown in green) and the 100 day (shown in yellow) moving averages which suggest that bias could be to the upside. The volatility for the pair remains low as the price is trading within the Bollinger band and close to its 20 day moving average. … [Read More...]
Fundamentals
Nikkei Swings back up and Europe is trading Higher
Asian markets closed modestly higher on the last day of the week. The Nikkei 225 … [Read More...]
Today’s Technical Analysis
EUR/USD- Technical points Bullish outcome
The EUR/USD pair has formed a reverse complex Head & Shoulder pattern on a 30 minute time frame. The price is trading above the 50 day (shown in green) and the 100 day (shown in yellow) moving averages which suggest that bias could be to the … [Read More...]
AUD/USD – Bounced from its Support As Predicted
Bullish Scenario The AUD/USD pair has bounced back up from its support zone on a daily time frame. This support zone was given in our analysis on the 15th of May. The volatility for the pair was peaked at this level because the price was … [Read More...]
USD/JPY – Fell from its Resistance As predicted
The USD/JPY pair fell from its resistance on a 30 minute time frame which we predicted in our daily analysis on 20th May. The price is trading well below the 50 day (shown in green) and the 100 day moving average which suggests that downward … [Read More...]
AUD/NZD- In a Daily Support Zone- Will You Buy It
The AUD/NZD pair is trading within the support zone on a daily time frame. The price is also trading inside the downward channel on the same time frame and recently, it has started to challenge the upper line of this line channel which suggests that … [Read More...]
GBP/USD- Sentiment Bearish but RSI suggesting Bullish Outlook
The GBP/USD pair has completed its symmetrical pattern on a 30 minute time frame as we mentioned in our analysis yesterday. The pair is also trading in a downward channel on the same time frame. The price is trading below the 50 day (shown in … [Read More...]
Weekly Forecast
Week Ahead: Fundamentals Europe – 20th – 24th May
Euro zone officials will gather on Tuesday to discuss how to tackle the tax evasion issue in the EU. Traders will focus on major economic indicator- PMI on Thursday to gauge the health of economic growth for the Euro zone.
Week Ahead: Fundamentals U.S 20th – 24th May
Investors will turn their focus on the global macroeconomic indicators this week to gauge the health of economic growth. The existing home sales data, durable goods and Bernanke testimony will be the highlights for this week.
