October 25, 2021 BY Steffy Bogdanova

Weekly data: ECB’s meeting and inflation ahead

The clear target for old buyers is the 161.8% weekly Fibonacci extension just below $90. Finding an entry as a new buyer is likely to be difficult here, but a bounce seems possible from the 38.2% zone of the weekly Fibo fan and definitely from the psychological area around $80. Brent has been strongly overbought…

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July 26, 2021 BY Steffy Bogdanova

Weekly forex data: caution ahead of the Fed

The 61.8% area of the weekly Fibonacci fan seems to be quite a strong dynamic support from which a bounce might be expected, but the bunching of the 50, 100 and 200 SMAs might make significant movement upward from here a challenge. 15 July’s high around $1,834 seems to be the main static resistance in…

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June 01, 2021 BY Steffy Bogdanova

Weekly forex data: markets look ahead to the NFP

The golden cross of the 50 SMA over the 100 a fortnight ago came ahead of more gains, although price has now moved clearly into overbought based on the slow stochastic (15, 5, 5). The weekly Fibonacci fan has probably lost relevance now that the medium-term trend is clearly upward, but 61.8% might still limit…

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March 29, 2021 BY Steffy Bogdanova

Weekly forex data: oil in view ahead of the NFP

From a technical perspective, oil’s uptrend since last summer is clearly still active for now. Brent has failed to break below the 50 SMA from Bands, and there is currently no indication of overbought from either Bollinger Bands (50, 0, 2) or the slow stochastic (15, 5, 5). The key area on this chart for…

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Nial Fuller forex trader education
April 24, 2017 BY LeapRate Staff

Weekly Forex Technical Analysis by Nial Fuller - April 24-28, 2017

EURUSD – Euro/dollar remains firm above support The EURUSD remained buoyant last week even after a bearish reversal pin bar formed on Thursday. Price held it’s ground on Friday and formed an opposing bullish pin bar just above 1.0675 near-term support, indicating that bulls are still clearly in control here. We are looking to trade…

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April 18, 2017 BY LeapRate Staff

Is Gold still on to challenge $1,300?

This article was written by Ipek Ozkardeskaya, Senior Market Analyst at FCA regulated broker London Capital Group Holdings plc (LON:LCG). Gold traded at $1295.56 on Monday, the highest level since Donald Trump’s election triggered the ‘reflation’ rally across the global asset markets and the US yields. After reaching their highest by mid-March, the US 10-year…

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