Investors attention will be focused on the debt market dynamics

April 13, 2015

General overview
Investors' attention will be focused on the debt market dynamics. The German 10-year bond yields renewed the historical low that points out to the euro low attractiveness. The cross-rate EUR/GBP downward trend strengthening may put pressure on the pair EUR/USD.
The downward trend has "accelerated". We cannot say that the trading volumes support sellers, but the trend remains stable. The price broke through the support level of 1.0670 and came close to the support level of 1.0550.
The price is finding the first support at 1.0550, the next one is at 1.0420. The price is finding the first resistance at 1.0670, the next one is at 1.0790.
There is a confirmed and a strong sell signal. The price is under the Cloud and it is under the Chinkou Span. The Tenkan-sen and the Kijun-sen show a horizontal movement and form a “Dead Cross”. The downward movement will be until the price is under the Cloud.
The MACD indicator is in a negative territory. The price is consolidating.

Trading recommendations
After the trend line 1.0550 breakthrough down the way to the support 1.0420 will be opened.

Publication source
Fort Financial Services information  Fort Financial Services reviews

February 20, 2017
What is the next target for the UK?
The dramatical event looms large for Pound, which can sweep the British currency off its feet – the official exit from the EU. The Prime Minister Theresa May said that the process can be initiated as close as possible to the EU summit in Brussels, scheduled to take place on 9-10 March...
February 20, 2017
Gold remained around its recent peaks
Despite the overall positive outlook the yellow metal seems to be having problems with its further advance. Inability to move higher may return some selling pressure to markets. Sellers’ profit targets lie at 1230 and 1220 levels...
February 17, 2017
NZD looks to weaken
The New Zealand dollar has found itself under pressure in recent days as the market has started to hedge a little while it waits on the next steps for the US economy...

Larson&Holz IT Ltd Rating
OctaFX Rating
XM Rating
FX Giants Rating
FxPro Rating
 FXTM Rating

TopOption Rating
EZTrader Rating
OptionTrade Rating
365BinaryOption Rating
TropicalTrade Rating
Binary Brokerz Rating