Orbex - Forex Market Reviews - Page 4

Daily Forex Preview for March 03, 2016. GBP bounces, Euro falls while Gold stays flat

The ADP payrolls numbers released yesterday showed a better than expected print with private payrolls rising 214k, above estimates. The US Dollar remained well supported across the board and the markets are likely to move sideways ahead of tomorrow NFP numbers...

Daily Forex Preview for March 02, 2016. GBP have seen recovering off the 1.387 lows

Following yesterday better than expected ISM manufacturing PMI, the US Dollar has managed to strengthen albeit briefly. Prices remain cautious ahead of the Friday’s nonfarm payrolls. Todays big event is likely to be the ADP private payroll numbers...

Daily Forex Preview for March 01, 2016. Euro slips on weak inflation

The Euro remained weak yesterday as flash CPI estimates from the Eurozone continued to highlight the lack of any growth in consumer prices, which is likely to see the ECB come out with policy measures in a few weeks from now...

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Daily Forex Preview for February 29, 2016. Dollar gains on upbeat GDP data

An upside revision to the US GDP for the fourth quarter sent the Greenback stronger across the board. However, market sentiment is currently pointing to a modest risk aversion with the Yen gaining in early Asian trading, which could, in turn, see the Euro attempt to post a recovery rally...

Daily Forex Preview for February 26, 2016

The British Pound closed in the positive yesterday for the first time this week, forming an inside bar, while EURUSD is attempting to rally following two days of doji candlesticks, as USDJPY slips back to test 112 support...

Daily Forex Preview for February 25, 2016

The markets remain volatile with both the dollar stronger against the Euro and weaker against the Yen. However, USDJPY has made a doji pattern near the 112 support which will be key for further direction...


Daily Forex Preview for February 24, 2016

Risk aversion was back in the markets yesterday as the Yen and the Swiss Franc closed the day with gains. Crude oil prices declined strongly yesterday taking the equity markets lower as well as USDJPY is back trading at the 112 handle...

Daily Forex Preview for January 14, 2016

EURUSD remains choppy on the daily session with no clear price action patterns in sight. On the 4-hour chart, we however notice a potential for a bearish reversal provided the current H4 candlestick closes on a bearish note...

Daily Forex Preview for January 05, 2016

EURUSD attempted rally was capped near 1.095 - 1.0932 as aniticpated and with prices being rejected at this level, EURUSD declined sharply back to the familiar support at 1.0815 - 1.08 which marks the head and shoulders pattern's neckline off the daily chart...

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Daily Forex Preview for December 28, 2015

EURUSD reversed the losses from December 23rd's price action and closed on a bullish note the following day. Price action remains on a bullish note at today's open with EURUSD currently testing the highs near 1.0973...

Daily Forex Preview for December 22, 2015

The head and shoulders pattern noted yesterday has seen price rally to 1.0932 level which should now be likely to be tested for resistance. A successful cap on prices here could see EURUSD decline back to previous support near 1.0815 region...

Daily Forex Preview for December 15, 2015

EURUSD continues to build strong bearish divergence off the 1.10 region. Prices initially declined only to find support near the confluence of the 1.094 horizontal support and the rising minor trend line. Another attempt to test 1.10 region could remain a possibility...


Daily Forex Preview for December 04, 2015

EURUSD strong reversal off 1.051 - 1.059 support level on the daily time frame has seen prices break above 1.0876 - 1.083 level of resistance. Expecting a pullback to this price level to establish support will likely keep the bullish bias intact with the potential to rally to 1.10 level in the near term...

Daily Forex Preview for November 20, 2015

EURUSD closed on a bullish note yesterday above 1.07 level of support/resistance. The bullish candlestick comes off the previous days small bodied spinning bottom indicating a possible shift higher...

Daily Forex Preview for November 17, 2015

EURUSD closed yesterday below the lower support at 1.0697 on the daily session which is now likely to see a decline lower to 1.0488 support. A retest to the recently broken support at 1.0697 could be tested ahead of further declines...

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Orbex
Daily Forex Preview for November 03, 2015

EURUSD failed to capitalize on its gains yesterday despite opening with an up gap. The Single currency closed on a bearish note yesterday but with prices still trading above the medium term support of 1.1 through 1.0985, the short term bias is likely to remain to the upside...

Daily Forex Preview for October 28, 2015

EURUSD has been subdued for the last two trading sessions but the price action points to a possibility of an upside correction in the near term. Prices have been strongly consolidating nera the lows of 1.103...

Orbex
Daily Forex Preview for October 23, 2015

EURUSD closed on a strong bearish note yesterday but the daily chart shows prices supported near the lower end of the larger rising price channel. The support zone near 1.11 through 1.108 looks to be holding right now, which indicates a potential move to the upside...


Daily Forex Preview for October 14, 2015

EURUSD has been edging higher but is also consolidating into a rising wedge pattern. A breakout to the upside from above the wedge pattern could likely confirm further upside in EURUSD but a breakout to the downside looks more convincing, off the rising wedge and the price channel itself...

Daily Forex Preview for October 09, 2015

EURUSD is hovering near 1.12845 level of resistance on the daily chart with an attempt to test the 1.13 level yesterday showing prices being rejected. The resistance zone between 1.1315 through 1.13, looks to be holding for now...

Daily Forex Preview for October 01, 2015

EURUSD resistance at 1.120 held yesterday after prices bounced off 1.1135. This also marks a retest of the breakout from the rising price channel. The decline lower should potentially see a break below 1.1135 and eventually to 1.110 in order for the test to the lower support to be completed...


Daily Forex Preview for September 11, 2015

EURUSD closed on a very bullish note yesterday but is trading near 1.2845, a major resistance level on the daily chart. A daily close above 1.12845 is needed in order for further upside bias to be confirmed, which could see a rally to 1.15 region...

Daily Forex Preview for September 03, 2015

EURUSD closed on a bearish note yesterday as expected and today's price action could be crucial. With the reversal off the main support level near 1.12845, the next lower support comes in at 1.10408 on the daily chart...

Daily Forex Preview for August 24, 2015

EURUSD rallied on Friday with strong momentum and today's early price action managed to test the upper resistance at 1.1491. We suspect that a pullback is in order and the most likely support levels come at 1.13575 - 1.1335...


Daily Forex Preview for August 10, 2015

EURUSD has posted three straight sessions of gain on the daily chart and the H4 chart's strong bullish engulfing candle on Friday has seen the currency surpass the previously identified support/resistance level. Price action is still trading in this zone between 1.0952 and 1.09275...

Daily Forex Preview for August 05, 2015

EURUSD closed on a bearish note yesterday for the second session and confirms the resistance at 1.0975 on the daily charts. On the intraday sessions, the breakdown of prices near 1.095 through 1.09275 is indicating a test of lower support near 1.082...

Daily Forex Preview for July 31, 2015

EURUSD declines for the past three days from the highs near 1.108 to test the previous support lows at 1.09250. The single currency is attempting to recover some of its losses from near the support zone as noted yesterday...


Daily Market Report for July 23, 2015

The unexpected drop in U.K. retail sales in June belies a more robust picture as households’ incomes increase. Indeed, retail sales are likely to contribute to GDP growth in the second and coming quarters...

Daily Forex Preview for July 15, 2015

EURUSD closed with a doji candlestick pattern yesterday forming off the established support near 1.098 region. On the intraday charts, we see that price is trading close to/below the resistance level at 1.10 after breaking out from the falling price channel...

Daily Forex Preview for July 08, 2015

EURUSD attempted to break out of last Monday’s range (June 29th, 2015) but saw a sharp rejection. Currently price is trading close to the lower end of the range and could see a potential break out to the downside. If this happens, price action could swiftly test the next major support at 1.0825 on the daily chart...



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