Tomorrow and early Wednesday are likely to be quite active for EURAUD between German trade data and consumer and business…
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Weekly forex data: stimulus still in view
The obvious pivot point on this chart is the 100% weekly Fibonacci retracement area, i.e. complete retracement of all the…
Read MoreWeekly forex data: inflation around the world
The downtrend for EURGBP continues to be very strong from a technical perspective, with clearer spaces forming between the 50,…
Read MoreWeekly forex data: focus on inflation
From a technical perspective, the uptrend still seems to be active on this timeframe: there has been no clear breach…
Read MoreWeekly forex data: central banks, trade and the NFP
There seems to be more room for gains here by the US dollar from a technical point of view. Moving…
Read MoreWeekly forex data: fiscal stimulus and the Fed take centre stage
From a technical point of view, the time appears to have come for another leg up by AUD. The consolidation…
Read MoreWeekly forex data: inflation in view
From a technical perspective, support around $1.35 has yet to be clearly broken. Despite the recent movement below both the…
Read MoreWeekly forex data: 2021’s first NFP in view
From a technical point of view, the key resistance around $1,900 has now clearly been broken. Moving averages also flipped…
Read MoreWeekly forex data: German consumer confidence and American spending
The pound’s fall today has been quite dramatic on the chart, with none of the 50, 100 or 200 SMAs…
Read MoreWeekly forex data: Fed’s meeting in view
Despite the ongoing formation of a classic head and shoulders pattern which might complete over the next few periods, bulls…
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