Daily Forex News

With 4 hours MACD crossed below signal line, an intraday top should be in place at 155.14 and some consolidation should now be seen. But pull back is expected to be contained by 150.64 support and bring another rise. Above 155.14 will target 160.24 resistance next. As noted before, recent…

With 4 hours MACD crossed below signal line, an intraday top should be in place at 133.38 and some more consolidation could now be seen. But after all, pull back should be contained above 129.33 support. ABove 133.38 will bring rally resumption towards 136.87 resistance. As noted before, recent development…

EUR/GBP’s retreat from 0.8697 should be completed and intraday bias is flipped back to the upside for this resistance first. Break will confirm that whole rise from 0.8399 has resumed and should then target 0.8866 resistance next. Nevertheless, we’d like to point out again that upside momentum is very unconvincing…

EUR/CHF’s retreat is tentatively treated as completed at 1.5146 and intraday bias is flipped back to the upside for the moment. Break of 1.5218 will indicate that rise from 1.5108 has resumed and reaffirm the case that correction from 1.5380 has completed at 1.5108 already. In such case, stronger rally…

With 4 hours MACD crossed below signal line, an intraday top should be in place at 0.8070. Intraday outlook is turned neutral for the moment and some consolidation would be seen. But pull back should be contained above 0.7845 support and bring rally resumption. Above 0.8070 will target 0.8154 next….

With 4 hours MACD crossed above signal line, an intraday low should be in place at 1.1116 after meeting 61.8% retracement of 1.0784 to 1.1723 at 1.1143. Intraday outlook is turned neutral for the moment. Note that fall from 1.1723 is treated as correction to rise from 1.0784 only. Hence,…

With 4 hours MACD crossed below signal line, an intraday top should be in place at 1.4165 and some consolidation should now be seen. But after all, pull back should be contained above 1.3832 support and bring strong rally. Recent development suggests that price actions from 1.4337 are merely consolidation…

After falling to a multi-decade low at 1.5122 in December 2008, a ‘morning star’ reversal pattern was formed on the weekly chart (and the star itself is a hammer), suggesting a temporary low has been formed there and the rebound from there is retracing medium term decline. Above resistance at…

Although the British pound found support at 146.75 and rebounded, upside is likely to be limited to the Ichimoku cloud bottom (currently locating at 155.55) and as long as resistance at 160.25 holds, another corrective fall would take place later. A break below said support at 146.75 would bring stronger…

Touching of 1.0789 minor resistance suggests that an intraday low is in place in USD/CHF at 1.0701. Outlook is turned neutral for the moment and some consolidation should be seen. But after all, recovery should be limited below 1.0938 resistance. Below 1.0701 will bring rally resumption to 1.0630 next. As…