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EURUSD 1.0925 keyThe euro is back under pressure against the greenback after traders force a bearish breakout below the current weekly trading low. The EURUSD pair now needs to move below the 1.0925 level to encourage technical towards the 1.0850 technical area. Traders could also buy the EURUSD pair from the current area if the 1.0925 level is not broken for a great risk-reward entry. The EURUSD pair is only bearish while trading below the 1.1000 level, key support is found at the 1.0925 and 1.0850 levels. The EURUSD pair is only bullish while trading above the 1.1000 level, key resistance is found at the 1.1025 and 1.1050 levels.
by OctaFX_Official
USDJPY back to pivotThe US dollar continues to recover higher against the Japanese yen currency as the pair move back towards the pivotal 107.70 level. The rebound from the 106.90 level has been fairly rapid and suggests that the USDJPY pair could still probe above the 108.00 level over the medium-term. Overall, bulls have the upper hand as long as the USDJPY pair trades above the 107.70 level. The USDJPY pair is only bullish while trading above the 107.70 level, key resistance is found at the 108.10 and 108.48 levels. The USDJPY pair is only bearish while trading below the 107.00 level, key technical support remains at the 106.90 and 106.50 levels.
by OctaFX_Official
GBPUSD 1.2510 major resistanceThe British pound has staged a recovery against the US dollar after finding strong technical support from the 1.2410 level on Tuesday. Bulls still need to recover price above the 1.2510 resistance area to secure the GBPUSD pairs short-term prospects. Overall, downside risks still remain, with the 1.2300 level the likely bearish target if bulls fail to overcome the 1.2510 level. The GBPUSD pair is bearish while trading below the 1.2470 level, key support is found at the 1.2410 and 1.2385 levels. If the GBPUSD pair trades above the 1.2470 level, key resistance is found at the 1.2510 and 1.2580 levels.
by OctaFX_Official
EURUSD 1.1025 hard resistanceThe euro is attempting to recover above the 1.1000 level against the US dollar after sellers were unable to keep the pair below the 1.0980 level. EURUSD bulls now need to move price above the 1.1025 resistance level to encourage further buying towards the 1.1050 level. Failure to beach the 1.1025 level could see the EURUSD push back towards the current weekly low. The EURUSD pair is only bearish while trading below the 1.0990 level, key support is found at the 1.0970 and 1.0925 levels. The EURUSD pair is only bullish while trading above the 1.0990 level, key resistance is found at the 1.1025 and 1.1050 levels.
by OctaFX_Official
NZDUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.631. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.636. TP4: R2=0.638. Set the stoploss of these orders at breakout of S2=0.63. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.63. In this situation, there is an expectation to reach the target S3=0.6235. Set the stoploss of reverse orders at breakout of S1=0.631. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity_EU
GBPUSD bearish patternThe British pound remains under downside pressure against the US dollar on Tuesday, with a bearish reversal pattern forming across the lower time frames. Current short-term technical analysis shows that the GBPUSD pair could fall towards the 1.2310 region if the 1.2385 level is broken. A sustained move above the 1.2510 level should be taken as a bullish sign for the currency pair. The GBPUSD pair is bearish while trading below the 1.2510 level, key support is found at the 1.2385 and 1.2310 levels. If the GBPUSD pair trades above the 1.2510 level, key resistance is found at the 1.2580 and 1.2610 levels.
by OctaFX_Official
EURUSD momentum lackingThe euro remains under downside pressure against the US dollar, although selling momentum is currently lacking below the 1.0980 level. The technicals are still very bearish for EURUSD pair, with a downside target of 1.0850 possible while price trades under the 1.0980 level. Bulls need to move price above the 1.1050 level to change the short-term picture, although it appears unlikely without a strong fundamental catalyst. The EURUSD pair is bearish while trading below the 1.0980 level, key support is found at the 1.0925 and 1.0850 levels. The EURUSD pair is only bullish while trading above the 1.1050 level, key resistance is found at the 1.1170 and 1.1110 levels.
by OctaFX_Official
EURUSD rebound requiredThe euro currency is under mild downside pressure against the US dollar as the trading week begins after reversing towards the 1.1000 support level last Friday. Bulls need to hold the EURUSD pair above the 1.0980 level this week in order to encourage fresh technical buying towards the 1.1110 area. A loss of the 1.0980 area could see the EURUSD pair falling back towards its current monthly trading low. The EURUSD pair is bullish while trading above the 1.0980 level, key resistance is found at the 1.1070 and 1.1110 levels. The EURUSD pair is only bearish while trading below the 1.0980 level, key support is found at the 1.0950 and 1.0925 levels.
by OctaFX_Official
USDJPY trade troublesThe US dollar is coming under pressure against the US dollar after China canceled its upcoming trade talks with the US negotiators. The USDJPY pair is likely to remain under further technical selling pressure while trading below the 107.70 resistance level. Overall, the 107.10 level is the current short-term bearish target, with the 106.90 level the extended downside target. The USDJPY pair is only bullish while trading above the 107.70 level, key resistance is found at the 108.10 and 108.48 levels. The USDJPY pair is only bearish while trading below the 107.70 level, key technical support remains at the 107.10 and 106.90 levels.
by OctaFX_Official
EURUSD 1.1110 testThe euro currency is continuing to push higher against the US dollar on Friday, with the pair eroding all of its post-FOMC losses. The EURUSD pair is still on track to test the 1.1110 resistance area, although the 1.1160 level remains the larger goal. Overall, unless the pair suffers from sustained weakness returns below 1.1000 level the gradual recovery in the pair should continue. The EURUSD pair is bullish while trading above the 1.1050 level, key resistance is found at the 1.1110 and 1.1160 levels. The EURUSD pair is only bearish while trading below the 1.1050 level, key support is found at the 1.1025 and 1.0980 levels.
by OctaFX_Official
GBPUSD on targetThe British pound has recovered back above the 1.2500 level against the US dollar after briefly moving lower following the Bank of England rate decision. The short-term bullish tone towards the GBPUSD pair suggests a move towards the 1.2600 level is coming. Overall, sterling is likely to post another week of strong trading gains, further encouraging traders to buy any technical pullbacks. The GBPUSD pair is only bearish while trading below the 1.2425 level, key support remains at the 1.2385 and 1.2350 levels. If the GBPUSD pair holds above the 1.2425 level, key resistance is found at the 1.2570 and 1.2600 levels.
by OctaFX_Official
GBPUSD still a buyThe British pound is holding onto recent gains against the greenback as traders await the Bank of England monetary policy decision later today. Further bullish advancement above the 1.2530 level should provoke a test of the 1.2600 level. A loss of the 1.2425 support region is likely to see the GBPUSD suffering a deeper pullback towards the 1.2385 level. The GBPUSD pair is only bearish while trading below the 1.2425 level, key support remains at the 1.2385 and 1.2350 levels. If the GBPUSD pair holds above the 1.2425 level, key resistance is found at the 1.2530 and 1.2600 levels.
by OctaFX_Official
EURUSD holds supportThe euro has moved lower against the US dollar despite the US Federal Reserve cutting interest rates as widely expected on Wednesday. The EURUSD pair has a short-term bullish target of 1.1160, although the 1.1300 level is the medium-term bullish target. The 1.1025 level is a key technical area that EURUSD bulls may look to buy the pair now that a pullback in price has taken place. The EURUSD pair is bullish while trading above the 1.1050 level, key resistance is found at the 1.1110 and 1.1160 levels. The EURUSD pair is only bearish while trading below the 1.1050 level, key support is found at the 1.1025 and 1.0980 levels.
by OctaFX_Official
There is a trading opportunity to buy in IOSTUSDTechnical analysis: . Isimple/Dollar is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 47. . While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00610000 to 0.00360000). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00610000) Ending of entry zone (0.00360000) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Take Profits: TP1= @ 0.00980000 TP2= @ 0.01450000 TP3= @ 0.01930000 TP4= @ 0.02896000 TP5= @ 0.03680000 TP6= @ 0.04750000 TP7= @ 0.07000000 TP8= Free
ILong
by ForecastCity_EU
EURUSD on the advanceThe euro has moved away from the 1.1000 level against the US dollar as dip-buying prevails following the formation of a potential bullish lower weekly trading high. The EURUSD pair may start to target the 1.1090 technical level ahead of the FOMC rate decision later today. Overall, short-term EURUSD bulls are in control of the currency pair while the price continues to trade above the 1.1050 level. The EURUSD pair is bullish while trading above the 1.1050 level, key resistance remains at the 1.1090 and 1.1160 levels. The EURUSD pair is only bearish while trading below the 1.1050 level, key support is found at the 1.1025 and 1.0980 levels.
by OctaFX_Official
GBPUSD awaiting UK dataThe British pound is consolidating around the 1.2500 level against the US dollar ahead of the release of key UK inflation data later this morning. GBPUSD bulls have the upper hand on an intraday basis while price trades above the important 1.2425 level. Overall, the GBPUSD pair is increasingly bullish with traders continuing to buy any pullbacks towards key technical support zones. The GBPUSD pair is only bearish while trading below the 1.2425 level, key support remains at the 1.2385 and 1.2350 levels. If the GBPUSD pair holds above the 1.2425 level, key resistance is found at the 1.2530 and 1.2600 levels.
by OctaFX_Official
GBPUSD divergence reversedThe British pound has fallen back towards the 1.2400 level against the US dollar, reversing negative MACD price divergence on the lower time frames. GBPUSD bulls still have the upper hand this week while price trades above the pivotal 1.2385 level. Wednesday remains a crucial day for sterling as traders await the release of UK CPI inflation data and the FOMC rate decision. The GBPUSD pair is only bearish while trading below the 1.2385 level, key support is found at the 1.2335 and 1.2300 levels. If the GBPUSD pair holds above the 1.2410 level, key resistance is found at the 1.2510 and 1.2600 levels.
by OctaFX_Official
EURUSD 1.1050 still keyThe euro has slipped back towards the 1.1000 level against the US dollar after the pair failed to secure buying interest above the 1.1090 level on Monday. The downside for EURUSD pair can open-up below the 1.1000 level, although further gains towards the 1.1160 level appear more likely this week. Overall, EURUSD bulls need to reclaim the 1.1050 level to encourage fresh buying interest. The EURUSD pair is bullish while trading above the 1.1050 level, key resistance is found at the 1.1090 and 1.1130 levels. The EURUSD pair is only bearish while trading below the 1.1050 level, key support is found at the 1.1020 and 1.1000 levels.
by OctaFX_Official
EURUSD 1.1090 key levelThe euro continues to hold onto recent gains against the US dollar, with the pair trading above the 1.1050 level. EURUSD bulls will need to perform multiple daily price closes above the 1.1090 level to encourage new technical buying interest. Overall, the 1.1160 level remains the short-term bullish target for EURUSD buyers. The EURUSD pair is bullish while trading above the 1.1050 level, key resistance is found at the 1.1090 and 1.1160 levels. The EURUSD pair is only bearish while trading below the 1.1050 level, key support is found at the 1.1000 and 1.0930 levels.
by OctaFX_Official
GBPUSD 1.2600 extended targetThe British pound has moved towards the 1.2500 level against the US dollar, with the pair now reaching its overall short-term bullish target. The thirty-minute time frame is currently showing bearish MACD divergence extending down towards the 1.2420. The 1.2600 level remains the extended bullish target for the GBPUSD pair, although it appears unlikely that this target will be hit ahead of the FOMC meeting. The GBPUSD pair is only bearish while trading below the 1.2385 level, key support is found at the 1.2335 and 1.2300 levels. If the GBPUSD pair holds above the 1.2410 level, key resistance is found at the 1.2510 and 1.2600 levels.
by OctaFX_Official
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.105. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1095. TP4: R2=1.1115. Set the stoploss of these orders at breakout of S2=1.103. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.103. In this situation, there is an expectation to reach the target S3=1.0955. Set the stoploss of reverse orders at breakout of S1=1.105. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity_EU
GBPUSD ECB affectThe British pound is starting to give back a portion of its recent gains against the US dollar after the pair failed to rally to a new monthly high on Wednesday. The British pound is likely to be affected by the ECB rate decision, particularly EURGBP cross-flows. Overall, a more dovish ECB move today could help to support the British pound if traders start to shun the single currency. The GBPUSD pair is only bearish while trading below the 1.2290 level, key support is found at the 1.2260 and 1.2200 levels. If the GBPUSD pair trades above the 1.2290 level, key resistance is found at the 1.2385 and 1.2410 levels.
by OctaFX_Official
EURUSD bearish under 1.1000The euro currency has fallen below the 1.1000 level against the US dollar, marking a bearish trendline break from a descending triangle pattern. The downside breakout could take the EURUSD pair back towards the 1.0940 level, according to its overall projection. Buyers will need to force the price back above the 1.1050 level to encourage fresh buying interest towards the EURUSD. The EURUSD pair is bearish while trading below the 1.1000 level, key support is found at the 1.0960 and 1.0940 levels. The EURUSD pair is intraday bullish while trading above the 1.1050 level, key resistance is found at the 1.1100 and 1.1130 levels.
by OctaFX_Official