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GBP/USD – Consolidation most likely; watch 1.6420 by Milan Cutkovic

GBP/USD is likely to consolidate further in the coming sessions amid a lack of Tier-1 data releases this week 1.6420/30 is a solid resistance area and offers are reported up there To the downside, 1.6350 is the key intraday support level, followed by 1.63 Trading a 1.63-1.6420 range the preferred strategy this week The post […]

EUR/CAD extends gains, might test 1.44 soon by Milan Cutkovic

The commodity currencies have weakened against both EUR and GBP this week EUR/CAD is currently testing 1.4250 and above, there is little resistance until 1.4395 (monthly high) While the EUR/USD remains fairly bid overall with good support eyed between 1.2780 and 1.28, the Loonie remains under pressure as USD/CAD is pushing higher Break above 1.11 […]

A/U: two trade ideas by Mary McNamara

I am waiting to see if the A/U can trigger a new 4hr chart trend signal but there may be other short term trading opportunities available before any trend signal is triggered. I will go over a couple of these in this post. Idea 1: The A/U is trading within a 4 hr chart trading channel […]

Updates from the FXWW Chatroom

Capital Economics:German Ifo survey underlines case for more stimulus:September’s Ifo survey brought further worrying signs that that the recovery in the German economy is grinding to a halt. The fall in the overall business climate indicator (BCI) from August’s 106.3 to 104.7 was the fifth drop in a row and left the index at its […]

AUD/USD approaching 0.89 by Milan Cutkovic

AUD/USD higher this morning as commodities have bounced a bit Solid offers pre-0.89 reported, but likely to be taken out soon, as well as the stops resting through 0.8905/10 Look for a test of intraday resistance at 0.8925 No AUD/USD-related event risk until US New Home Sales data at 1500 BST The post AUD/USD approaching […]

USD/JPY – Decent offers at 108.70 by Milan Cutkovic

The Morgan Stanley Heatmap shows there are offers in good size around the 108.70 level. Dealers also report offers from local corporate names between 108.80 and 108.80, while sell stops are said to be resting through 108.30. The pair came under pressure in Asia after Japan PM Abe joined several BoJ officials by expressing worries […]

Session Data for Wed Sept 24 (GMT-5:00 ET)

GBP/CHF: higher but running into major resistance by Mary McNamara

I have arrived home to see that the GBP/CHF has given a new, but weak, TC signal off my 11 am 4 hr chart (it is school holidays here). This follows on from a recent bullish ‘Flag’ breakout on the daily chart time frame. GBP/CHF 4 hr: Traders need to be aware that this is […]

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