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GBPUSD watch for a breakoutThe British pound is gaining ground against the greenback Monday after the US dollar index suffered heavy losses on Friday. A sustained move above the 1.2770 resistance level could spark a breakout in the GBPUSD pair towards at least the 1.2840 level. If sellers fail around this key area a decline and technical test back towards the 1.2710 level should be expected. The GBPUSD pair is only bullish while trading above the 1.2730 level, key resistance is found at the 1.2770 and 1.2840 levels. If the GBPUSD pair trades below the 1.2730 level, key support is found at the 1.2710 and 1.2660 levels.
by OctaFX_Official
EURUSD bullish weekly closeThe euro has opened the new trading week strongly against the US dollar after the pair closed the week above its 200-day moving average. Bulls could target a major breakout above the 1.1400 level, with the 1.1440 and 1.1500 levels the major resistance areas to watch. If sellers move price back under the 1.1347 level the EURUSD pair could see a strong retrace back under the 1.1300 level. The EURUSD pair is only bearish while trading below the 1.1347 level, key support is found at the 1.1321 and 1.1290 levels. If the EURUSD pair trades above the 1.1347 level, key technical resistance is found at the 1.1400 and 1.1440 levels.
by OctaFX_Official
A trading opportunity to buy in GOLDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1357.42). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . Gold is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 70. Take Profits: TP1= @ 1433.50 TP2= @ 1526.88 TP3= @ 1625.63 SL= @ 1333.00
FX:XAUUSDLong
by ForecastCity_EU
4
EURUSD PMI data up nextThe euro is struggling with the 1.1300 level against the US dollar ahead of the release of key PMI data from the eurozone economy this morning. Weaker than expected PMI data may push the EURUSD pair back towards the 1.1260 to 1.1245 support zones. Another key mover for the EURUSD will be the US PMI data later today, with a worse than expected number likely to be US dollar negative. The EURUSD pair is only bearish while trading below the 1.1260 level, key support remains at the 1.1245 and 1.1225 levels. If the EURUSD pair trades above the 1.1260 level, key technical resistance remains at the 1.1310 and 1.1360 levels.
by OctaFX_Official
GBPUSD overdue for a correctionThe British pound is starting to appear overstretched around the 1.2700 level against the US dollar as a number of key downside risks for sterling still remain place. A deeper bearish correction may see the GBPUSD pair test back towards the 1.2600 level. GBPUSD bulls need to maintain price above the 1.2730 resistance level to inspire further buying towards the 1.2770 level. The GBPUSD pair is only bullish while trading above the 1.2700 level, key resistance is found at the 1.2730 and 1.2755 levels. If the GBPUSD pair trades below the 1.2700 level, key support is found at the 1.2645 and 1.2600 levels.
by OctaFX_Official
Don't miss the great buy opportunity in EURUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.1270). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURUSD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 63. Take Profits: TP1= @ 1.1315 TP2= @ 1.1345 TP3= @ 1.1450 SL= @ 1.1230
Long
by ForecastCity_EU
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1265. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1315. TP4: R2=1.1345. Set the stoploss of these orders at breakout of S2=1.125. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.125. In this situation, there is an expectation to reach the target S3=1.118. Set the stoploss of reverse orders at breakout of S1=1.1265. 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 1.2700 now keyThe British pound has staged a powerful upside rally against the US dollar, ahead of the Bank of England rate decision later today. The GBPUSD pair has a strong bullish bias while trading above the 1.2645 level and may soon test the 1.2700 level. Weakness below the 1.2645 level may trigger a sell-off in the GBPUSD, especially if the Bank of England offers dovish commentary today. The GBPUSD pair is only bearish while trading below the 1.2645 level, key support is found at the 1.2630 and 1.2600 levels. If the GBPUSD pair trades above the 1.2645 level, key resistance is found at the 1.2700 and 1.2745 levels.
by OctaFX_Official
EURUSD 1.1290 major resistanceThe euro is moving higher against the greenback after the Federal Reserve paved the way for a July rate cut during yesterday’s monetary policy statement. The EURUSD pair has an intraday bullish bias while trading above the 1.1260 level, although upside momentum is fairly weak. Overall, EURUSD bulls need to break the 1.1290 level or the pair could return back to the 1.1225 level. The EURUSD pair is only bearish while trading below the 1.1260 level, key technical support is found at the 1.1245 and 1.1225 levels. If the EURUSD pair trades above the 1.1260 level, buyers may test the 1.1290 and 1.1321 levels.
by OctaFX_Official
GBPUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.2605. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.267. TP4: R2=1.2705. Set the stoploss of these orders at breakout of S2=1.2585. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.2585. In this situation, there is an expectation to reach the target S3=1.2495. Set the stoploss of reverse orders at breakout of S1=1.2605. 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
EURUSD under 1.1150 next big levelThe euro has struggled to move above the 1.1200 resistance level against the US dollar as ECB President Mario Draghi’s bearish comments continue to weigh on the single currency. The 1.1150 support level is the next support level to watch while the EURUSD pair continues to trade below the 1.1200 level. EURUSD traders now await the FOMC rate decision later today, which could spark huge volatility and move the pair into a new trading range. The EURUSD pair is heavily bearish while trading below the 1.1200 level, key technical support is found at the 1.1170 and 1.1150 levels. If the EURUSD pair trades above the 1.1200 level, buyers may test the 1.1245 and 1.1260 levels.
by OctaFX_Official
GBPUSD awaiting inflation dataThe British pound remains under pressure towards the key 1.2560 level against the US dollar, ahead of the release of UK inflation data this morning. The 1.2560 level is a key pivot for the GBPUSD pair, with further intraday weakness expected if bulls fail to secure price above this area. An upcoming test of the 1.2500 level is still expected due to broad-based strength in the US dollar index. The GBPUSD pair is heavily bearish while trading below the 1.2560 level, key support is found at the 1.2500 and 1.2460 levels. If the GBPUSD pair trades above the 1.2560 level, key resistance is found at the 1.2600 and 1.2655 levels.
by OctaFX_Official
GBPUSD stops triggeredThe British pound has slumped to its weakest level against the greenback since January 3rd this year, after bears moved the pair below the key 1.2560 level. Continued weakness below the 1.2500 level is increasingly likely as UK political uncertainty is driving the pair lower. GBPUSD bears are likely to aim for the December low, while bulls may look for a better risk-reward entry if this key low is unable to be broken. The GBPUSD pair is heavily bearish while trading below the 1.2600 level, key support is found at the 1.2500 and 1.2460 levels. If the GBPUSD pair trades above the 1.2600 level, key resistance is found at the 1.2630 and 1.2655 levels.
by OctaFX_Official
EURUSD looking at 1.1260The euro is on the rise against the US dollar in early Tuesday trade as bulls once again failed to breach the key swing-low, at 1.1200. The 1.1260 level remains the next upside target for EURUSD bulls, with the 1.1245 level the interim resistance barrier they need to clear. The four-hour time frame is also showing a large bullish pattern, with the 1.1500 level the overall upside target. The EURUSD pair is only bearish while trading below the 1.1218 level, key technical support is found at the 1.1207 and 1.1200 levels. If the EURUSD pair trades above the 1.1218 level, buyers may test the 1.1245 and 1.1260 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 above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 51. . 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 (0.01100000 to 0.00870000). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.01100000) Ending of entry zone (0.00870000) 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= @ 0.01500000 TP2= @ 0.01928000 TP3= @ 0.02896000 TP4= @ 0.03683000 TP5= @ 0.04750000 TP6= Free
ILong
by ForecastCity_EU
EURUSD 1.1200 bulls lurkingThe euro has started the new trading week on the back foot against the US dollar after the pair suffered its worst one-day drubbing since March this year. Bulls now need to move the EURUSD away from the 1.1200 level and start to close the pair above the 1.1260 level ahead of the FOMC meeting. Weakness below the key 1.1200 level may prompt another technical test of the 1.1170 to 1.1155 zone. The EURUSD pair is only bearish while trading below the 1.1260 level, key technical support is found at the 1.1200 and 1.1170 levels. If the EURUSD pair trades above the 1.1260 level, buyers may test the 1.1280 and 1.1310 levels.
by OctaFX_Official
GBPUSD 1.2560 level criticalThe British pound has opened the new trading week under pressure against the US dollar after a heavily bearish weekly close under the 1.2600 support level. If GBPUSD sellers break the 1.2560 support level the pair could slide toward the 1.2480 region. Any intraday bounces higher are expected to find meet with strong technical selling interest from the 1.2630 to 1.2655 levels. The GBPUSD pair is heavily bearish while trading below the 1.2600 level, key support is found at the 1.2560 and 1.2480 levels. The GBPUSD pair is only bullish while trading above the 1.2660 level, key resistance is located at the 1.2680 and 1.2710 levels. The GBPUSD pair is heavily bearish while trading below the 1.2600 level, key support is found at the 1.2560 and 1.2480 levels.
by OctaFX_Official
EURUSD 1.1260 breakdown supportThe euro currency has slumped to a fresh weekly trading lower against the US dollar after the pair broke through the 1.1280 support barrier. Sustained losses below the 1.1260 level may trigger the next heavy EURUSD sell-off towards at least the 1.1235 support zone. Worse than expected US retail sales data later today may help to send the US dollar index lower and give the EURUSD a boost back towards the 1.1300 level. The EURUSD pair is only bearish while trading below the 1.1300 level, key technical support is found at the 1.1260 and 1.1235 levels. If the EURUSD pair trades above the 1.1300 level, buyers may test the 1.1321 and 1.1347 levels.
by OctaFX_Official
GBPUSD fails at 1.2700 againThe British pound is once again testing towards the 1.2660 level against the US dollar after suffering another strong rejection from the 1.2700 resistance level. Bulls are struggling to keep the GBPUSD pair above the 1.2700 level, with sellers holding the upper hand while price trades below this key level. Overall, a sustained break above the 1.2710 level may inspire another technical test towards the 1.2750 resistance area. The GBPUSD pair is only bullish while trading above the 1.2700 level, key resistance is located at the 1.2710 and 1.2750 levels. The GBPUSD pair is only bearish while trading below the 1.2700 level, key intraday support remains at the 1.2665 and 1.2630 levels.
by OctaFX_Official
NZDUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6555. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.6595. TP4: R2=0.661. Set the stoploss of these orders at breakout of S2=0.6545. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.6545. In this situation, there is an expectation to reach the target S3=0.648. Set the stoploss of reverse orders at breakout of S1=0.6555. 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
EURUSD needs to make a new highThe euro has fallen back towards the lower end of its weekly trading range against the US dollar after bulls failed to move price above its former weekly trading high. The EURUSD pair is under technical pressure while trading back under the 1.1310 level and risks further losses towards the 1.1265 level. Overall, the US dollar index is starting to retrace last weeks losses, forcing majors lower against the greenback. The EURUSD pair is only bearish while trading below the 1.1310 level, key technical support is found at the 1.1280 and 1.1260 levels. If the EURUSD pair trades above the 1.1310 level, buyers may test the 1.1330 and 1.1347 levels.
by OctaFX_Official
GBPUSD only bearish below 1.2710The British pound has reversed sharply from the 1.2750 level against the US dollar after UK Parliament was unable to block a hard-Brexit on Wednesday. The bullish pattern on the four-hour time frame still remains valid, with the 1.2655 level the foremost support zone. Bulls need to move price back above the 1.2710 level to install the intraday bullish sentiment towards the GBPUSD pair. The GBPUSD pair is only bullish while trading above the 1.2710 level, key resistance is located at the 1.2755 and 1.2820 levels. The GBPUSD pair is only bearish while trading below the 1.2710 level, key intraday support remains at the 1.2655 and 1.2610 levels.
by OctaFX_Official
NZDUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6555. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.661. TP4: R2=0.664. Set the stoploss of these orders at breakout of S2=0.6545. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.6545. In this situation, there is an expectation to reach the target S3=0.648. Set the stoploss of reverse orders at breakout of S1=0.6555. 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