EUR/USD: Weekly Timeframe: The current situation on the weekly timeframe shows the buyers and sellers battling for position deep within a weekly demand area coming in at 1.0760-1.0988. A break below this zone would likely see further downside towards another weekly demand area positioned at 1.0499-1.0740. Daily Timeframe: At the time of writing, price is … Continue reading Tuesday 10th March: Daily technical outlook and review.
Global Markets: Asian stock markets: Nikkei down 0.60 %, Shanghai Composite fell 0.90 %, ASX down 1.30 %, Hang Seng declined 0.75 % Commodities: Gold at $1169 (+0.50 %), Silver at $15.78 (-0.18 %), WTI Oil at $49.42 (-0.40 %), Brent Oil at $59.36 (-0.80 %) Rates: US 10 year yield at 2.229, UK 10 … Continue reading Monday 9th March: Europan Open Briefing
EUR/USD: Weekly Timeframe: Last week saw the market print a whopping full-bodied bearish candle stretching a little over 340 pips from open (1.1180) to close 1.0837). This king-size whopper managed to take out a weekly Quasimodo support level at 1.1109, and drive deep into a weekly demand area coming in at 1.0760-1.0988. A break below … Continue reading Monday 9th March: Weekly technical outlook and review.
Global Markets: Asian stock market: Nikkei up 1.00 %, Shanghai Composite gained 0.15 %, Hang Seng and ASX both declined 0.10 % Commodities: Gold at $1198 (+0.20 %), Silver at $16.18 (+0.20 %), WTI Oil at $51.10 (+0.65 %), Brent Oil at $60.95 (+0.50 %) Rates: US 10 year yield at 2.117, UK 10 year … Continue reading Friday 6th March: European Open Briefing
EUR/USD: Weekly Timeframe: The weekly timeframe shows that price has broken below a major weekly Quasimodo support level at 1.1109, and, as a consequence hit weekly demand coming in at 1.0760-1.0988. Daily Timeframe: Yesterday saw the Euro take out daily demand at 1.1045-1.1127. This consequently drove the market south into a daily swap area seen … Continue reading Friday 6th March: The NFP decision could cause wild swings and invalidate any technical signals seen today.
