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The last 3 months currency classification from a longer-term perspective updated on February 28, 2016 are provided here for reference purposes:Strong: USD / JPY / NZD. The preferred range is from 6 to...
When looking at the Top 10 in the Weekly Ranking and Rating list we can see that for the coming week the following stronger currencies are well represented for going long: AUD(4X) followed by the...
The Commitment of Traders reporting period ending March 8 showed little position adjusting ahead of the ECB meeting two days later. A little more than 3/4 of the gross positions we track saw less than...
The reversal of the US dollar's gains half way through Draghi's press conference has undermined the near-term technical tone. The risk is on the downside, at least in the first part of the week, ahead...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. With the exception of euro, the improvement in risk appetite drove all of the major currencies higher Friday. European stocks...
EUR/USD What ProAct Forex Target Traders See: We are currently sitting at 1.1158 in a large range. We are looking for a finishing move to the range top at 1.1377 then reversal and an overall target of...
New York Forex Report: Following the violent reaction yesterday in response to the ECB’s announced measures, or more specifically Draghi’s comments in the subsequent press conference...
Expectations were high for the European Central Bank’s announcement: rate cuts and increased quantitative easing (QE),and the ECB delivered as expected.The initial result were unmistakably...
Despite the large drop from the NZD after a surprise decrease in interest rates, the NZD/USD has regained a large majority of those losses today as the USD opens weak.The NZD/USD has been trading...
Daily FX wrap: USD hit late in the day after some early gains against the EUR. Cable rips through 1.4300 again with commodity currencies post fresh highs also.After a relatively quiet session where we...
EUR/AUDCurrently we are 1.4796 at a strong support. If support is broken we are looking to continue to the double bottom at 1.4601 and maybe to the 1.4500. The average daily true range (ATR) for the...
On Thursday, the US Dollar declined against the Pound and the GBP/USD pair strengthened by more than 70 points. A fall in the number of jobless claims in the US did not manage to support the national...
The USD/JPY pair is trading in an upward wedge pattern on a 4 hour time frame. The price has pierced the Bollinger band – the upper line of this band, and this confirms that teh volatility is...
GBP/USDThe pair remains biased to the upside on corrective recovery, leaving risk of more strength on the cards. On the downside, support lies at the 1.4250 level where a break will turn attention to...
GBP/NZD Daily The rate is currently testing the 7-month falling trendline resistance, a polarity change as the former support becomes the new resistance and the resistance from a breakaway falling...