1,6268. EUR CHF is in an uptrend supported by 15min exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR CHF. The price should find a support above 1,6250. [...]
1,5308. EUR CAD broke 1,5400 support. EUR CAD is in an downtrend directed by 15min exponential moving averages. The volatility is high. Bollinger bands are deviated. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR CAD. The downtrend should continue on 1,5000 (300 [...]
1,6223. EUR AUD is in an downtrend directed by 1H exponential moving averages. EUR AUD is in a consolidation after the last bearish movement. The volatility is low. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR AUD. The downtrend should continue to [...]
0,9581. AUD USD is in a range between 0,9565 and 0,9635. AUD USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Oscillators are neutral. The price should continue to move in Bollinger bands. We won’t take a position.
Resistances
0,9620 - 0,9635
Supports
0,9565 - 0,9535
Source :
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Increase your earnings with a currency trading systemOne of the ways you can increase your earnings in currency trading is by using a system. A forex trading system is something you use to determine your next move. It can include something like Fibonacci numbers to help you decide when to enter and exit a position.Whatever [...]
Despite the expected sharp drop in consumer spending, the ongoing credit crunch and cooling in capital spending the leading indicators for the US economy are still pointing to positive growth over the next three to six months. The April reading of the Conference Board’s Leading Economic Indicators report bested expectations…
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The opening London Session of the week has abided by the “path of least resistance” style of trading. Market conditions consisted of the dangerous mix of light volume and high volatility, with the former possibly causing the latter. The charts have paved the way for a one-dimensional market - the…
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The Canadian dollar continued to attack US dollar support levels below the 1.00 level on Friday and pushed to two-month highs near 0.9950. The Canadian dollar was boosted by renewed gains in oil prices with no significant domestic influences.
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The EURUSD broke through the 1.5600 level in early European trade today as anti-dollar sentiment continued to dominate in the wake of Friday’s horrid U of Michigan consumer confidence data which printed at 59.5 - the lowest reading in more than 28 years. Currency traders are once again concerned that…
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The Dollar fell on Friday as US consumer confidence raised concerns about an economic contraction in the second quarter and trimmed the chances the Federal Reserve will raise interest rates this year.
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