1. syamfx2020

    DAILY MARKET REPORT - Friday, Aug 21, 2020

    On Friday, the latest data showed the Eurozone manufacturing and German services PMI activity growth dropped in August. Meantime, German manufacturing production showed strong improvement. Germany announced on Thursday 1,707 new COVID cases over the previous 24 hours, the highest number since...
  2. syamfx2020

    DAILY MARKET REPORT - Monday, Aug 17, 2020

    Crude oil price trading steady on Monday ahead of OPEC meeting later this week. The Joint Ministerial Monitoring Committee (JMCC), which is co-chaired by Saudi Arabia and Russia, is set to meet on Aug. 19 to assess compliance with quotas and recommend any adjustments to the cuts if needed. In...
  3. syamfx2020

    Key levels to watch ahead of US retail sales

    Important trading levels to watch ahead of US retail sales and industrial data: GOLD Support: $1940 and $1920 Resistance: $1960 and $1980 EURUSD Support: 1.1770 and 1.1710 Resistance: 1.1860 and 1.1915 GBPUSD Support: 1.3040 and 1.3000 Resistance: 1.3100 and 1.3130 AUDUSD Support: 0.7110 and...
  4. syamfx2020

    DAILY MARKET REPORT - Thursday, Aug 13, 2020

    On Wednesday, data released by the Office for National Statistics showed Britain's economy shrank by a record 20.4% between April and June, the biggest contraction reported by any major economy so far, while it was better than the expected 20.5% decline. The British pound slightly recovered from...
  5. syamfx2020

    DAILY MARKET REPORT - Friday, July 17, 2020

    This week several countries released their latest positive inflation numbers. The first CPI numbers published by the U.S. Labor Department on Tuesday, the consumer price index rose 0.6% last month, the biggest gain since August 2012, after easing 0.1% in May. On Wednesday, the National...
  6. syamfx2020

    DAILY MARKET REPORT - Tuesday, July 14, 2020 - UK GDP slightly rebounded by 1.8% in May

    UK GDP slightly rebounded by just 1.8% in May from a record plunge 20.4% in April as lockdown measures eased. Meantime, both manufacturing and industrial production numbers for May showed a decent rebound, with recoveries to 8.4% and 6% respectively. UK Chancellor Rishi Sunak said: "Today’s...
  7. syamfx2020

    DAILY MARKET REPORT - Thursday, July 09, 2020

    The British pound trading strong against the Dollar and Euro after the new £30 billion fiscal stimulus plan. On Wednesday UK Chancellor Rishi Sunak's announced fresh stimulus measures to support jobs and activity in the UK disappointed investors. Other measures included a stamp duty holiday, a...
  8. syamfx2020

    Technical levels to watch today ahead of NFP

    Important technical levels to watch today ahead of NFP. GBP/USD 1.2540 and 1.2480 XAUUSD $1790 and $1760 EUR/USD 1.1350 and 1.1240 DowJones 26050 and 25600
  9. syamfx2020

    GBP slightly down after strong PMI report

    GBP/USD surged to fresh week-high of 1.2410 and testing the trend line. The GBP currently unchanged after the PMI report. The UK manufacturing PMI rebounded in June. 50.1, 40.7 (Previous). Important Levels to watch today: Support: 1.2360 and 1.2330 Resistance: 1.2440 and 1.2480
  10. syamfx2020

    DAILY MARKET REPORT - Monday, June 29, 2020

    The British pound trading lower against the Dollar and Euro on Monday as Brexit trade talks resume this week. On Monday, Britain’s chief negotiator Frost will meet in person EU’s deputy chief negotiator Martinez Alberola in Brussels for the first time since March. Meantime, Ireland’s Foreign...
  11. syamfx2020

    GBP unchanged ahead of BOE Super Thursday

    GBP/USD trading unchanged ahead of BOE's super Thursday. The market participants expect the central bank may announce more stimulus measures after the inflation rate fell in May, the weakest since 2016. Levels to watch today: Support: 1.2500 and 1.2450 Resistance: 1.2610 and 1.2690
  12. emprakashkumar

    Exness increase Spread too High With 2 Pair Mean EURUSD & GBPUSD and My Account Hit Stopout

    Dear Sir/Mam, I Have Raw Spread account With Exness Account No 44004082. Last Night Mean 15th of June 2020 I Was 13 Open Trade. EURUSD:- Tottal Open Order: 6 Open Order (5 Sell & 1 Buy Order) Lot Size: Sell Order Lot Size : 1.00+1.00+1.00+1.00+0.51 = 4.51 Buy...
  13. syamfx2020

    What happened to the British Pound this week? Do you know the reasons why the pound trading lower❓

    In the Currency market, the pound continuously trading weaker against the euro and the dollar on Friday after weaker-than-expected UK monthly retail sales report. Moving ahead to the last week of this month the investors and traders have become increasingly concerned about the UK’s economic...
  14. syamfx2020

    The pound started this week with a positive note

    The GBPUSD falls to fresh one month low of 1.2080 on Monday after BOE official’s comments on negative interest rates. The price currently supported at 1.2080, any break below this level will open 1.2000 & 1.1970.
  15. sarfarajpatel


    *Breakout on descending triangle with retest completed *Bounce off previous support *Inverse head and shoulders completed and holding on neckline after stop loss hunt by banks *Good trade fundamentally ahead of very negative jpy economic news/data to come out tonight and for first quarter due...
  16. DailyForexAnalysis

    GBPUSD Daily Technical Analysis

    GBPUSD has strong possibility of uptrend...
  17. IvanGlobalPrime

    Global Prime: Volume, Correlations, Technicals

    EUR/USD Setting Up for a Rotational Day, 1.1570 & 1.1630 Extremes to Exploit VOLUMES & CORRELATIONS (H4) The first test of a macro resistance exhibited bearish dynamics to reverse a 3-day long bounce, and while the rejection was quite commanding for the interest of sellers, buyers were lined...
  18. IvanGlobalPrime

    Global Prime: Institutional-Level CoT Weekly Analysis

    My name is Ivan Delgado, Head of Market Research at Global Prime and FX Trader. Out of my unconditional alignment to the values at Global Prime, I am on a mission to pass on my decade-long knowledge by providing regular market commentary and other types of material that is applicable, actionable...
  19. forexcycle

    GBPUSD Failed To Break Below Trend Line Support

    The GBPUSD pair failed in it attempt to break below the bullish support trend line on the 4-hour chart and rebounded strongly from 1.3319, suggesting that the pair remains in the uptrend from 1.3039. As long as the price is above the trend line, the price action from 1.3549 could be treated as...
  20. forexcycle

    The GBPUSD pair remains in uptrend from 1.3039

    The GBPUSD pair remains in uptrend from 1.3039, the fall from 1.3549 could be treated as consolidation of the uptrend. As long as the price is above the trend line, the uptrend could be expected to continue and next target would be at 1.3657 (Sep 20 high). Near term resistance is at 1.3549, a...