Forex pros

Forex Pros

Forex pros offers Free Real Time Quotes, Portfolio, Streaming Charts, Financial News, Live Stock Market Data and more

Receive Updates
Submit

More From this Publisher

Marketing With Anik: 15 Weeks Of Coaching + $5000 In Training!
Commission Autopilot - Insane Epc - Commissions!
Give me money
Best forex robot ever
The Forex Revolution

See All

Forex pros

EUR/USD Mid-Day Outlook
Intraday bias in EUR/USD remains neutral as consolidation from 1.1096 temporary low continues. Upside of recovery should be limited by 1.1678 resistance and bring fall resumption. Below 1.1096 will extend current fall to next fibonacci level at 1.0283.

GBP/USD Daily Outlook
Intraday bias in GBP/USD remains neutral as the consolidation from 1.4950 continues. Near term outlook stays bearish with 1.5268 resistance intact and further decline is expected. Below 1.4950 will target next key support level at 1.4813. Though, considering bullish convergence condition in 4 hours MACD, break of 1.5268 will indicate

USD/CHF Daily Outlook
USD/CHF's recovery extends higher and further rise could still be seen. But we'd expect strong resistance below 0.9553 to limit upside and bring near term reversal. Below 0.8933 minor support will turn bias back to the downside.

USD/JPY Daily Outlook
The consolidation pattern from 121.84 is still in progress and is likely a triangle pattern. More sideway trading might be seen but downside should be contained by 38.2% retracement of 105.19 to 121.84 at 115.47 Meanwhile, break of 121.84 will confirm larger up trend resumption. However, sustained break of 115.55

AUD/USD Daily Outlook
AUD/USD dropped to as low as 0.7718 so far and met mentioned target of 61.8% projection of 0.8910 to 0.8032 from 0.8294 at 0.7751. Intraday bias remains on the downside and current fall would target 100% projection at 0.7416 next. On the upside, break of 0.8024 resistance is needed to

USD/CAD Daily Outlook
USD/CAD's rise continues and reaches as high as 1.2676 so far. Intraday bias remains on the upside and current rally should target 200% projection of 1.0181 to 1.1278 from 1.0620 at 1.2814. On the downside, break of 1.2378 minor support is needed to indicate short term topping. Otherwise, outlook will stay bullish in case of retreat.

Daily Report: Dollar Firm Against Commodity Currencies as Fed Yellen Expressed Optimism on Economy
While the greenback remains strong against commodity currencies, it's struggle to breakout from recent range against European majors. Fed chair Janet Yellen said yesterday in a private luncheon with Senate Democrats that things are going well for the US economy. However, she thought there's still a ways to go in

Foreign Exchange Market Commentary
THE EURO closed higher on Thursday. The highrange close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends the aforementioned decline, monthly support crossing

Daily Technical Analysis
The EURUSD didn't make significant movement yesterday. The bias is neutral in nearest term. Overall I remain bearish and still prefer to sell on rallies with key resistance seen between 1.1370 – 1.1430 and the hourly EMA 200 as you can see on my hourly chart below. A clear break

Market Morning Briefing
Euro (1.1330) fell to the lows of 1.1260 before rising back to 1.1370. Its too early to say this was a successful retest of the lows. The prices may remain in the range between 1.1450 and 1.1250 over next few days.

China Roundup: The Doomsayers Are Getting Louder
It has been a big month of data releases from China, most of which haven't painted a very rosy picture of the economy. The biggest release was Q4 GDP numbers which showed that the economy grew 7.4% YTD y/y, missing the government's official 7.5% growth target for last year. It's

GBP/USD – Pound Slides On Excellent US Jobless Claims
The pound has taken a tumble on Thursday, losing about 100 points to the US dollar. In the North American session, GBP/USD is trading in the mid-1.50 range. In the UK, Nationwide HPI posted a gain of 0.3%, close to the estimate. CBI Realized Sales fell sharply to 39 points.

USD/CAD – Canadian Dollar Slide Continues, Pair Trading Above 1.26
The Canadian dollar continues to lose ground on Thursday. In the North American session, USD/CAD is trading above the 1.26 line and the pair has jumped over 200 points since early Wednesday. On the release front, US numbers were a mix. Unemployment Claims sparkled, dropping to 265 thousand. However, Pending

Don't Overlook Gold/AUD
Technically the trend is clearly bullish and within a corrective phase. There is potential for a bullish pennant / flag to form prior to the weekend which would assume a bullish breakout. To trade this we can consider a buy-stop above the recent highs and target 1677, 1700 and 1756.

USDJPY - Faces Price Consolidation
USDJPY With USDJPY still facing consolidation price action, a directional move is now on hold. On the downside, support comes in at the 117.00 level where a break will target the 116.50 level. Below here if seen will aim at the 116.00 level followed by the 115.00 and then

GOLD - Declines On Price Sell Off
GOLD With GOLD selling off sharply during Thursday trading session, further downside pressure is expected in the days ahead. On the downside, support comes in at the 1,250.00 level where a break will aim at the 1,230.00 level. Below here if seen could trigger further downside towards the 1,200.00

AUDNZD: Who's Weaker?
The commodity currencies of Australia and New Zealand have really been abused of late as their central banks have leaked that they could be cutting interest rates or backed away quickly from a hawkish stance respectively. When viewing the context of the decisions to lean more dovish for both nation's

January Month-End Model Suggests Strong Dollar Rally, Pending GDP
Traders often refer the impact of 'month end flows' on different currency pairs during the last few days of the month. In essence, these money 'flows' are caused by global fund managers and investors rebalancing their currency exposure based on market movements over the last month. For example, if the

Gold's $30 Drop: Overreaction Or Sign Of Things To Come?
Today saw gold turn sharply lower, partially in response to a rebounding European stock market. In other words, the safe haven asset has lost out in favour of the riskier stocks. What's more, the dollar has risen once again today and this has weighed on some buck-denominated commodities, including precious

Robust Job Market Assists Dollar Climb To Decade High
The Dollar is heading to its highest level in ten years as recent US jobless claims fell by 43,000 to a near-15-year low at 265,000 in the last week. The data is fairly lower than what economists had expected. Indeed, very strong evidence to show that the US job market

Leave Your Comment:

Add Comment