Gold price analysis presented by foreximf.com. Gold price is still moving below the resistance at 1240.85. Today, gold price possibly will fall back towards support area at 1231.21-1225.25, as hourly stochastic and CCI are overbought.
Daily forex technical analysis on major pairs by analysts from FOREXimf.com. The analyses comprehensively covers AUDUSD, USDJPY, USDCHF, EURUSD, and GBPUSD. Today, GBPUSD rebounds, and EURUSD aims For 1.29500-1.29783.
Gold currently tend to move in consolidation phase, note level of resistance at 1238.50. If that level could not be broken, then it will form a double top pattern and likely will push gold lower. The case is also supported by the stochastic oscillator that is pointing downwards.
Lately, GBPUSD continue to be pressured by the issue of Scottish Independence. But what really is the problem here for the UK economy and its currency?
After months of promises, the ECB announced rate cut as well as their plan to launch stimulus package on October 2014. How these two could end Eurozone troubles?
Daily forex technical analysis on major pairs by analysts from FOREXimf.com. The analyses comprehensively covers AUDUSD, USDJPY, USDCHF, EURUSD, and GBPUSD. Today, Euro remains bearish, with target at 1.3130-1.3110. However, be careful if resistance at 1.3163 breaks.
Markit Economics released a lot of Manufacturing PMI reports yesterday (2/9), including Japan, China, UK, German, and the Eurozone. We are going to evaluate each index and interpret it in broader sense to gain understanding on the role they play in the fundamentals of several major pairs.
Gold experienced a decline in market interest due to the easing of global geopolitical tensions. Throughout August, the precious metal traded within a narrow range, facing significant bearish pressure.
Daily forex technical analysis on major pairs by analysts from FOREXimf.com. The analyses comprehensively covers AUDUSD, USDJPY, USDCHF, EURUSD, and GBPUSD. Today, EUR/USD remains under pressure. However, beware if the resistance at 1.3252 breaks, because it will turn the intraday bias into bullish.
The US Dollar strengthened following the Jackson Hole Summit. Market was overestimating the event, for no central bank chief gave hints that deviate from the previous outlook.
