Monthly Archives

September 2014

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GBP/USD Technical Analysis – September 16, 2014

Primary Scenario Having reversed from the previous high, GBP/USD is heading to the support level at 1.6208. A break below this level will push prices lower to hit the forthcoming support at 1.6186. Alternative Scenario A surge of the…

Technical Analysis – EUR/GBP Sideways Action

EUR/GBP has moved back into the daily Ichimoku cloud and is testing 0.7980. This is a key level since it is the 78.6% Fibonacci retracement level of the 0.7750-0.8813 upleg. While the overall markets structure has been bearish, downside…

Australian dollar lifted by RBA minutes

The Australian dollar rose against the greenback after the release of the Reserve Bank of Australia minutes of the latest September board meeting. There is increasing speculation the central bank may lift interest rates if the housing…

Credit Suisse: buy USD/JPY on dips

Strategists at Credit Suisse point that USD/JPY has almost reached 107.50 - this is a potential trend line resistance from May 2013. There is a high chance to see a pullback from here, but the 106.80 support will likely hold. In the medium…

How do large banks trade EUR/USD?

See below how large banks trade EUR/USD: Barclays: Hold SHORT from 1.3280, Take Profit 1.2815, Stop loss 1.3438 (Open on Aug. 21) Citi: Hold SHORT from 1.2908, Take Profit 1.2200, Stop loss 1.3200 (Open on Sep. 8) Credit Suisse: Hold…

Morgan Stanley: sell GBP/USD at 1.6360

Morgan Stanley strategists await a rebound in GBP/USD to reestablish short positions. In their view, Scottish referendum fears will pull the pair down this week after a corrective recovery. Trade signal: Sell LIMIT at 1.6360, Take Profit…