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Unfolding an excellent chapter (bullish) in the ongoing GBPAUD story.
Bullish reak looms
Printing higher lows
1.8800 and 1.9100+ are the initial targets
Since the daily studies, RSI and oscillator have been bullish, and the breakout out of the range set to round out strong weekly gains after mid-August. The price action is on course for the best week in the past four weeks, and we continue to focus on the initial resistance seems to be at 1.1790 its early July high. Above here could possible to rally further to ...
Trade: As long as 1.2600 is support look for 1.2770 and 1.2890.
Day Ahead: http://www.keytomarkets.com/blog/blog/ktm-fx-daily-chf-and-nok-crosses-need-attention/
We see few important Central Bank policy meetings includes Swiss Nation Bank and Norges Bank.
We expect SNB to remain on hold, whereas the Norges Bank is likely to deliver first rate hike in seven years ...
Intraday USDJPY resistance seems to be at 112.20 above this 112.40/112.50 exists. Flipside support finds at 111.85/111.75 its intraday pivotal, below here 111.40/111.00 exists. Given the risk around new US 200bn tariff from China imports USDJPY likely to cap around 112.40 its 100.0fe of 110.25-111.80-110. 35.
EURUSD: The key support level is placed at 1.1625 and ...
Copper price has fallen more than 20% so far this year.
Copper trading higher: It is trading higher by 0.60% on Friday morning at 2.668, manages to hold 20MA.
Since last few weeks, we see the price manages to hold the 200MA (weekly) on a weekly closing basis. The outlook remains neutral-bullish; descending triangle pattern has developed in the weekly and daily ...
The key support level is placed at 1.1550 and 1.1530/1.1525 followed by 1.1500 and 1.1460. If the price action started moving upwards, key resistance levels to watch out are 1.1615 and 1.1660.
A break above the second resistance 1.1660 needed to initiate a strong recovery to 1.1730 and 1.1790. We believe ahead of the Thursday’s ECB event risk; the price action ...
GBP spikes again on the latest positive Brexit headlines. EUR’s chief negotiator Barnier said agreement possible early November.
UK macroeconomic news support GBP. The GDP MoM growth rate was 0.3% in May 2018, 0.1% in June and 0.3% in July.
Today’s UK employment data is likely to provide a larger clue for EURGBP.
The cross EURGBP has hit a fresh 2018 high in end ...
Oil traders eyed fresh insights from OPEC and IEA reports
Supply crunch back on the table
The downside prevails as long as 79.50$-80.50$ is resistance zone
The monthly OPEC report will be released on Wed, 12 Sep and IEA report will be published on Thu, 13Sep respectively.
We believe this week’s Brent crude oil price action is likely to remain controlled by ...
The key support is placed at $1191, followed by $1190 and $1187.00. The corrective A-B-C structure is pointing to 1181$ nearly coincides with the 61.8% fib reaction.
Resistance seems to be at 1196.50$.
The key support is placed at 1.1530 (we called it as a neckline), followed by 1.1500 and 1.1470 its 100MA (Weekly). Our preference is short with targets at 1.1500 and 1.1480 in extension on a neckline breakdown.
JPY setting the stage vs USD on new trade jitters
Data wise today’s main focus will be on the release of the August NFP
Starting near-term pullback
USDJPY traced out a near-term price top between 111.75-111.83 in August-September via the formation of a double top pattern. Ahead of the August NFP data, the outlook remains exceptionally bearish; a rectangle ...
The Swedish Krona fell more than a percent since July policy review against the USD and EUR. After hitting a high in August, the crosses EURSEK and USDSEK fell nearly 2.0%.
Selling pressure remains very strong, a descending channel is still in evidence in the daily chart. These dips would enable the cross to gather momentum ahead of a new round of rallies. The ...
Supports are at 9.0340 below here, 9.0000 exists. A break of these would be needed to initiate further retracement to 8.9830 and 8.9550 its 50MA.
Resistances at 9.0925, 9.1630 and 9.1880. The erosion of these thresholds would be needed to initiate a more pronounced recovery to August high 9.2470 and 9.3280. The daily RSI has been propelling down, and the ...
The GBP crosses were outperformed across the board, but the cable closed with marginal losses. On Tuesday, EURGBP falling briefly below 0.8900 levels but manage to hold the 20MA and closed at 0.9000 levels.
Ahead of the today’s macroeconomic data risk, now, the support for the EURGBP will now come in between 0.9000- 0.8990 while bulls only regain strength only ...
A level to watch is 1.1585 below here 1.1550, and 1.1530-1.1500 exists. Last week the price has tested and held the resistance 1.1745.
Ahead of the macroeconomic data risk 1.1530-1.1500 is an exciting place to watch carefully. A break below this support zone would erase our earlier bullish EURUSD view.
Bulls will regain the intraday strength only above 1.1630. ...
This morning the cross fails to breach the March high 1.6190, Asian session high was 1.6169. Looking at the more top time frames between 1.6190-1.6250 the cross will face immense selling pressure. The 100.0fe is pointing to 1.6190 coincides with the March high.
Since the oscillator and the RSI are cooled on the H4 chart, we cannot rule out a rally to resistance 1.1650, and even to 1.1690, Last Friday’s pullback to the support enables the pair to gather some momentum ahead of this week’s critical macroeconomic releases either side.
Intraday pivotal finds at 1.1550 below here 1.1530 and 1.1500 exists. A break below the ...
Selling pressure remains very strong, this week AUD down range between 1.75%-0.05% against most-traded currencies.
On the final day of the month, the AUD declines 0.20% against the GBP and CHF and 0.15% against USD and JPY (11.10AM AEST).
In anticipation of RBA to leave the interest rates changed at 1.50% in next week’s meeting, we forecast the AUDUSD will remain ...