Key To Markets - Support

GBPNZD: A big breakout looms.

1. GBPNZD remains in a tight trading range.
2. A breakout above 1.7975/1.80 needed.
3. Today’s price action already erased the 12-week falling trendline.
4. The daily RSI and oscillator are bullish.

Read the article on our Key To Markets Blog

Read the article on our Key To Markets Blog

It is important to always keep in mind the risks involved in trading with leveraged instruments.

What is your Technical View?

Do you have a different idea? Please leave us a comment and get an answer from our professional analysts.

Thursday FX focus on Caixin Service PMI and BOE action.

1. Silver erased the three-week ascending channel.
2. Gold will follow Silver soon.
3. USDZAR spotted with an inverse H&S pattern on the daily chart.

Read the article on our Key To Markets Blog

Read the article on our Key To Markets Blog

It is important to always keep in mind the risks involved in trading with leveraged instruments.

What is your Technical View?

Do you have a different idea? Please leave us a comment and get an answer from our professional analysts.

AUDUSD: Rallied a lot and we feel it was overly stretched.

1. Monthly parallel resistance seems at 0.8065 and 0.8080.
2. The daily RSI is making a lower high and the oscillator appear bearish.
3. At lower time frame (H1) the price action appears H&S pattern.

Read the article on our Key To Markets Blog

Read the article on our Key To Markets Blog

It is important to always keep in mind the risks involved in trading with leveraged instruments.

What is your Technical View?

Do you have a different idea? Please leave us a comment and get an answer from our professional analysts.

EURUSD: Headed to the resistance zone seems between 1.1875/1.1900 and 1.2040

1. EURUSD has been making new high as USD weakness remains.
2. Yesterday failed to close above Tuesday high 1.1870.
3. If fails at the resistance zone, focus shifts to south.

Read the article on our Key To Markets Blog

Read the article on our Key To Markets Blog

It is important to always keep in mind the risks involved in trading with leveraged instruments.

What is your Technical View?

Do you have a different idea? Please leave us a comment and get an answer from our professional analysts.

EURGBP: Market participants mainly focus on vote count.

1. A bullish momentum back to the table if settles above 0.9050.
2. Thursday’s BOE meeting outcome likely to be hawkish.

Read the article on our Key To Markets Blog

Read the article on our Key To Markets Blog

It is important to always keep in mind the risks involved in trading with leveraged instruments.

What is your Technical View?

Do you have a different idea? Please leave us a comment and get an answer from our professional analysts.

Friday FX focus on RBA Statement on Monetary Policy and employment data in US and CAD.

1. The pound beaten down across the board.
2. GBP crosses technical overview.
3. USDJPY and GBPJPY trading at support levels.

Read the article on Key To Markets Blog

Read the article on Key To Markets Blog

It is important to always keep in mind the risks involved in trading with leveraged instruments.

What is your Technical View?

Do you have a different idea? Please leave us a comment and get an answer from our professional analysts.

GBPUSD:The better near term buying levels yet to come.

1. The MPC voted by a majority of 6-2.
2. UK GDP growth remains sluggish in the near term.
3. The cable already retraced 23.6%.
4. The near term price action remains in a bullish channel.

Read the article on our Key To Markets Blog

Read the article on our Key To Markets Blog

It is important to always keep in mind the risks involved in trading with leveraged instruments.

What is your Technical View?

Do you have a different idea? Please leave us a comment and get an answer from our professional analysts.

NFP preview and DXY technical view

1. It has a potential support finds between 92.50 and 91.90.
2. Market participants focus on July Non-farm payroll data.
3. Analysts forecast on NFP.

Read the article on our Key To Markets Blog

Read the article on our Key To Markets Blog

It is important to always keep in mind the risks involved in trading with leveraged instruments.

What is your Technical View?

Do you have a different idea? Please leave us a comment and get an answer from our professional analysts.

EURUSD: Retraced 23.6%

1. The 38.2% finds at 1.1600.
2. Resistances moved down to 1.1800 and 1.1840.

Read the article on our Key To Markets Blog

Read the article on our Key To Markets Blog

It is important to always keep in mind the risks involved in trading with leveraged instruments.

What is your Technical View?

Do you have a different idea? Please leave us a comment and get an answer from our professional analysts.

AUDUSD: Retested the strong support

1. Thrice failed (weekly) at 200WMAs.
2. A breakdown below 0.7870 needed.
3. The daily RSI and Oscillator remains bearish.

Read the article on our Key To Markets Blog

Read the article on our Key To Markets Blog

It is important to always keep in mind the risks involved in trading with leveraged instruments.

What is your Technical View?

Do you have a different idea? Please leave us a comment and get an answer from our professional analysts.

FRANCE 40: Trading at cross roads.

1. The index rebounds 38.2%.
2. It has breached the descending wedge pattern.
3. Resistances seems at 5225 and 5285.

Read the article on our Key To Markets Blog

Read the article on our Key To Markets Blog

It is important to always keep in mind the risks involved in trading with leveraged instruments.

What is your Technical View?

Do you have a different idea? Please leave us a comment and get an answer from our professional analysts.

Dear traders,
The Forex weekly forecast is now available to be downloaded here:

Forex Weekly Forecast [7th-11th August] DOWNLOAD

For this week we are we are analyzing:

1. The next buying point for the Euro/Dollar.
2. The Inverse Head & Shoulder pattern on the German Dax.
3. Our new Short Position on the German Bund (EUR_BUND)

Forex Weekly Forecast [7th-11th August] DOWNLOAD

EURUSD: We continue to believe a near-term retracement in the euro

1. US data likely to resist the euro vertical rally further.
2. The euro has retraced 23.6%.

Read the article on our Key To Markets Blog

Read the article on our Key To Markets Blog

It is important to always keep in mind the risks involved in trading with leveraged instruments.

What is your Technical View?

Do you have a different idea? Please leave us a comment and get an answer from our professional analysts.

BRENT: Symmetrical triangle in focus

1. Brent oil was rejected at 61.8% (Jan-June fall).
2. Trading below the eight-month descending trend line.
3. Near term head room is limited.
4. Set of resistance zones are likely to play a significant role.

Read the article on our Key To Markets Blog

Read the article on our Key To Markets Blog

It is important to always keep in mind the risks involved in trading with leveraged instruments.

What is your Technical View?

Do you have a different idea? Please leave us a comment and get an answer from our professional analysts.

EURGBP: higher low and higher high pattern remains

1. EURGBP completed the base building process.
2. The 61.8% (Oct-Dec 2016 fall) is proving enough support.
3. The 80.0% fib seems at 0.9090

Read the article on our Key To Markets Blog

Read the article on our Key To Markets Blog

It is important to always keep in mind the risks involved in trading with leveraged instruments.

What is your Technical View?

Do you have a different idea? Please leave us a comment and get an answer from our professional analysts.

FX Review and new trade idea

1. Yen was the winner
2. GBP and NZD were the losers across the board.
3. AUDUSD re-testing the support level 0.7875.
4. New idea: USDMXN on a verge of a breakout.

Read the article on our Key To Markets Blog

Read the article on our Key To Markets Blog

It is important to always keep in mind the risks involved in trading with leveraged instruments.

What is your Technical View?

Do you have a different idea? Please leave us a comment and get an answer from our professional analysts.

AUDUSD: Fell below the support level.

1. China’s CPI in July rose 0.1% vs -0.2%.
2. Retraced beyond 23.6%.
3. A break down below 0.7850 needed to retrace further

Read the article on our Key To Markets Blog

Read the article on our Key To Markets Blog

It is important to always keep in mind the risks involved in trading with leveraged instruments.

What is your Technical View?

Do you have a different idea? Please leave us a comment and get an answer from our professional analysts.

EURUSD: Supports moved to 1.1700 and 1.1680

1. EURUSD continues the lower low and lower high pattern.
2. We continue to believe a near-term retracement in the euro.
3. Tactically EURUSD is overbought.

Read the article on our Key To Markets Blog

Read the article on our Key To Markets Blog

It is important to always keep in mind the risks involved in trading with leveraged instruments.

What is your Technical View?

Do you have a different idea? Please leave us a comment and get an answer from our professional analysts.

Technical view of NZDUSD ahead of RBNZ policy meeting.

1. It is widely expected the RBNZ to keep interest rates on hold at 1.75%.
2. Market participants focus on future projections.
3. The cross already off nearly 35% from recent highs.
4. Immediate support finds between 0.73 and 0.7275.

Read the article on our Key To Markets Blog

Read the article on our Key To Markets Blog

It is important to always keep in mind the risks involved in trading with leveraged instruments.

What is your Technical View?

Do you have a different idea? Please leave us a comment and get an answer from our professional analysts.

EURCHF retraced 50.0% on risk aversion.

1. CHF was the winner in Wednesday session.
2. CHF favors limited upside from here.
3. Trading range remains between 1.1195-1.1500.

Read the article on our Key To Markets Blog

Read the article on our Key To Markets Blog

It is important to always keep in mind the risks involved in trading with leveraged instruments.

What is your Technical View?

Do you have a different idea? Please leave us a comment and get an answer from our professional analysts.