Forex
Forex Free Trading Tips
Monthly archive May, 2017
EURJPY – Euro Remains Supported at 121.30 Vs Japanese Yen
Key Points
- The Euro moved higher recently against the Japanese Yen to trade towards 122.00.
- At the moment, the EURJPY pair is attempting a break above 121.65 and a bearish trend line on the hourly chart.
- Today in Japan, the Read More →
USDCHF – Is This Real Break In US Dollar To Swiss Franc?
Key Points
- The US Dollar after forming support at 0.9890 against the Swiss Franc moved higher.
- The USDCHF pair broke a bearish trend line with resistance at 0.9945 on the hourly chart.
- Today in Switzerland, the Retail Sales for March Read More →
GBP: Near-Term Challenges Remain; What’s The Trade? – BofAML
Bank of America Merrill Lynch FX Strategy Research argues that GBP still faces some near-term headwinds which should keep GBP/USD capped below $1.30 in the very near-term.
"UK elections; momentum/positioning and seasonality all pose risks. GBP/USD tends to Read More →