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…
Read MoreWeekly forex data: trade, the BoC and the ECB
AUD retested the 38.2% area of the weekly Fibonacci fan last week without success, but the technical picture nonetheless remains…
Read MoreWeekly forex data: RBA in view ahead of the NFP
The 100% weekly Fibonacci retracement area – i.e. full retracement of all the US dollar’s gains in the first quarter…
Read MoreWeekly forex data: vaccine hopes boost markets
Price has regained the 61.8% area of the daily Fibonacci fan as the main medium-term downtrend has resumed since the…
Read MoreWeekly forex data: inflation around the world
From a technical point of view, a retest of the 100% weekly Fibonacci retracement area, in other words full retracement…
Read MoreWeekly forex data: elections and covid-19 cases in focus
From a technical point of view, it’s too early to call this the distribution phase of the euro’s recent uptrend….
Read MoreWeekly forex data: inflation and earnings season
Key data this week Bold indicates the most important releases for this symbol Wednesday 21 October, 6.00 GMT: British annual…
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