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April 8th – Daily FX Insights

Sterling Pound (GBPUSD) From the daily time frame, the overall trend for the Cable is bearish. However, from the hourly time frame, GBPUSD seems to be moving horizontally after an initial break to the downside. The RSI and MACD are within the centre-line which shows that price is likely to keep moving horizontally. PIVOT POINT:Continue Reading

April 7th – Daily Market Insight

USDCHF The overall trend from the daily time frame for USDCHF remains bullish. From the hourly time frame, it is also seen clearly that the price has been making a series of higher highs and is currently at 0.9330. There is a possibility of the price retesting the support level of 0.9300 before continuing inContinue Reading

April 7th – Daily FX Fundamental Update

FOREX US dollar index (USDX) The U.S. dollar was lower in early trade today but remained close to a two-year high after minutes from the last Federal Reserve (Fed) meeting showed policymakers were preparing to move aggressively to head off inflation. The Dollar Index traded 0.1% lower at 99.520, just below Wednesday’s high of 99.78Continue Reading

April 5th – Daily Market Insight

EURGBP From the daily time frame, the overall trend for price in EURGBP looks bullish. Price currently reacting to a level of 0.8360 which is in confluence with the upward trend-line before a possible move to the bullish direction. Price is also in divergence with the RSI and MACD indicators. PIVOT POINT: 0.8360   S1Continue Reading

April 4th – Daily Market Insight

US INDEX From the higher time frame, the overall trend for US INDEX is bullish. Down to the hourly time frame price seems to be in a range after an initial impulsive move in the bullish direction as the 200 EMA is moving in between prices. Price is currently retesting a minor support level ofContinue Reading

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