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Technical Views – Danske Bank via FXWW Chatroom

MajorsEURUSD: SHORT AT 1.1320 FOR 1.1000; STOP AT 1.1451USDJPY: LOOK TO BUY LOWERGBPUSD: LONG AT 1.5405 FOR REVISED 1.5621; REVISE STOP AT 1.5395USDCHF: LONG AT .8755 FOR REVISED .9602; STOP RAISED to .9345AUDUSD: LONG AT .7775 FOR .8033; STOP AT .7790USDCAD: BUY AT 1.2355 FOR 1.2697 STOP AT 1.2294CrossesEURJPY: REVISE BUY AT 134.85 FOR 136.70; […]

GBP/USD FX Update via the FXWW Chatroom

Having reached the projected wave 4 target at 1.5552 (int. 38.2 %) this market is offering a very good risk reward to bet on a still missing 5th wave decline which would most likely retest the 2013 low at 1.4813 if not the lower support zone between 1.4339 and 1.4228 (76.4 % on highest scale/2010 […]

Kiwi very well bid, but heavy resistance at 0.7620 by Milan Cutkovic

NZD well bid this morning; approaching 0.76 level The currency received a boost by the better than expected Trade Balance data overnight However, heavy resistance noted at the 0.7620 level, which is the December and Mid-January low A clear break & daily close above the level would suggest further upside and could spark some significant […]

Gold higher after double bottom at $1190 by Milan Cutkovic

Double bottom pattern has formed near the $1190 support area The precious metal has benefited from the recent USD weakness in the market It faces intraday resistance at $1215, but pivotal resistance noted at $1222, which is the Feb 19th high The post Gold higher after double bottom at $1190 appeared first on www.forextell.com.

European Open – Busy day ahead by Milan Cutkovic

Asian stocks are higher this morning: Nikkei gained 1.10 %, Shanghai Composite rose 1.65 %, Hang Seng is up 0.20 % Commodities recovered as the USD remains offered across the board; Gold is at $1211 and Silver at $16.67 after both posted a double bottom at $1190 and $16.10 respectively WTI is back above $50 […]

Session Data for Thur Feb 26 (GMT-5:00 ET)

Daily Global Market Wrap – Forex, Commodity & Global Market Strategy Outlook 26 February 2015

Every day the Invast team review the major economic, fundamental and technical events that are important for traders who are looking to trade the global markets, focusing in particular on the Forex & Commodity markets. Daily Global Market Wrap Missed a session? Click Here

FX Indices: one has to give way eventually! by Mary McNamara

The USDX and EURX are both still ranging within their triangle patterns but, as they each move closer towards their respective apex, one will have to give way sooner or later. The Yellen testimony has done little to help define new USD sentiment and direction and US stocks ended mixed on this confusion as well. Although, the […]

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