technical analysis

  1. syamfx2020

    EUR/USD bounced from the crucial support zone

    EUR/USD bounced from the crucial support area 1.1750 after positive comments from the ECB policymakers. At the time of writing, the pair trading above 1.1815. If the bullish momentum continues the next upside levels to watch 1.1850 and 1.1880.
  2. GlobalMacroTrader

    The Rise and Fall of the Euro - Fundamental Analysis

    EURUSD Fundamental Overview (1-6 month) Ever since the global lock down and pandemic in March 2020 EURUSD started quite a bull run. We saw the EURUSD prices increase from 1.08 all the way to 1.18, this is about a 9% increase in value in around 5 months which is out of the ordinary for EURUSD...
  3. syamfx2020

    DAILY MARKET REPORT - Wednesday, Sep 09, 2020

    On Tuesday, crude oil prices ended at their lowest since June and Brent closed at $39.78 per barrel, while WTI futures ended at $36.76 per barrel. Oil slipped amid fears that rising COVID-19 cases and fears OPEC will begin picking up production soon after an output cut put in place to support...
  4. syamfx2020

    DAILY MARKET REPORT - Tuesday, Sep 08, 2020

    British pound trading at fresh monthly low ahead of Tuesday’s talks between UK Prime Minister Boris Johnson’s chief negotiator, David Frost, and the EU’s Michel Barnier in London. “We need to see more realism from the EU about our status as an independent country”, “If they can’t do that in the...
  5. syamfx2020

    Key technical levels to watch this week

    Dollar Index Support: 92.55 and 92 Resistance: 93.55 and 94. EURUSD Support: 1.1770 and 1.1700 Resistance: 1.1880 and 1.1940. GBPUSD Support: 1.3100 and 1.3040 Resistance: 1.3260 and 1.3320 GOLD Support: 1920 and 1900 Resistance: 1955 and 1980
  6. syamfx2020

    EURO capped at 1.20: Watch for a breakout

    The Euro started last week with a positive note. On September 1, the EUR/USD reached to 1.2010 -level against the greenback for the first time since May 2018 but later the currency pair retreated from the top and closed below 1.1850 on Friday. The currency pair has come under pressure following...
  7. syamfx2020

    Key technical levels to watch ahead of NFP report

    After heavy Wall Street correction on Thursday, today the Investors and traders will closely monitor the US non-farm payrolls report due later in the session. The market participants are anticipating a gain of 1.4 million jobs in August, the unemployment rate is expected to tick down to 9.8%...
  8. syamfx2020

    DAILY MARKET REPORT - Friday, Sep 04, 2020

    Wall Street faced their worst day since June on Thursday after U.S. stocks fell sharply, driven by a broad decline in technology firms. The Dow Jones Industrial Average down 3%. S&P 500 lost 3.5%. Nasdaq Composite slide 5% (the largest decline in the last 5 months). EQUITIES Global markets...
  9. syamfx2020

    DAILY MARKET REPORT - Thursday, Sep 03, 2020

    US futures and global stocks trading higher on Thursday supported by positive economic data from the US and other regions. On the other hand, Donald Trump's top infectious diseases official, Anthony Fauci, on Wednesday told NBC: "I believe that by the time we get to the end of this calendar year...
  10. syamfx2020

    DAILY MARKET REPORT - Wednesday, Sep 02, 2020

    The Nasdaq Composite rose 1.4% a day after the technology-heavy index closed at a record boosted by technology stocks. Shares of Zoom Video Communications (NASDAQ: ZM) climbed more than 40% on Tuesday after the company reported strong Q2 financial results. Apple stock climbed 3.6% after a report...
  11. syamfx2020

    DAILY MARKET REPORT - Tuesday, Sep 01, 2020

    EUR/USD climbed to more than 2- year high of 1.1995 on Tuesday supported by a weaker dollar. At the time of writing, the currency pair slightly retreated from the daily highs after mixed economic data. The US dollar has been falling following the speech by Chief Jerome Powell at the Jackson Hole...
  12. syamfx2020

    Key technical levels to watch today ahead of US Federal Reserve Chair Jerome Powell speech– 13.10 GMT

    EUR/USD Support: 1.1770 and 1.1740 Resistance: 1.1880 and 1.1915 GOLD Support: 1926 and 1910 Resistance: 1960 and 1980 GBP/USD Support: 1.3140 and 1.31 Resistance: 1.3230 and 1.3270
  13. syamfx2020

    DAILY MARKET REPORT - Thursday, Aug 27, 2020

    The investors and traders cautiously await comments from the U.S. Federal Reserve Chairman Jerome Powell, he scheduled to deliver a speech reviewing the central bank’s monetary policy framework at the virtual Jackson Hole Economic summit today. Due to coronavirus pandemic this year’s Jackson...
  14. syamfx2020

    DAILY MARKET REPORT - Wednesday, Aug 26, 2020

    Crude oil price surged to new session highs on Wednesday after US oil producers closed most of their offshore production in the Gulf of Mexico in anticipation of Hurricane Laura. Producers evacuated 310 offshore facilities and shut 1.56 million barrels per day of crude output, 84% of Gulf of...
  15. syamfx2020

    DAILY MARKET REPORT - Tuesday, Aug 25, 2020

    On Tuesday, the data showed Germany's economy shrank by a record 9.7% in the second quarter, slightly less than an initial estimate of a 10.1% contraction. Meantime, the German IFO Business Climate Index rose to 92.6 in August from the 90.5 previous and current Economic Assessment reported at...
  16. syamfx2020

    Will the US Dollar continue to rise this week?

    The US dollar index, a measure of the USD’s value against a weighted basket of foreign currencies. During the last week, the King dollar ended higher after the 8-week losing streak boosted by the release of the FOMC minutes which provide both caution and less dovish tones. The dollar also...
  17. syamfx2020

    DAILY MARKET REPORT - Monday, Aug 24, 2020

    US stock futures and European stocks trading higher on Monday after The Food and Drug Administration on Sunday issued an emergency use authorization for convalescent plasma to treat COVID-19. The method was determined to be safe based on an analysis of 20,000 patients who received the treatment...
  18. syamfx2020

    Key technical levels to watch 24/08/2020 – 28/08/2020

    The king Dollar appreciated last week after the 8-week losing streak. Key technical levels to watch this week Dollar index Support: 92.50 and 92 Resistance: 93.50 and 94 EUR/USD Support:1.1730 and 1.1695 Resistance:1.1880 and 1.1930 GBP/USD Support: 1.3050 and 1.2980 Resistance: 1.3180 and...
  19. 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...
  20. syamfx2020

    EUR/USD and GOLD technical outlook - Friday, August 21, 2020

    EUR/USD rebounded from 1.1800, at the time writing the pair hovers near 1.1880 ahead of PMI data. Any break above this level the next upside to watching 1.19 then 1.1915. On the downside, the immediate support at 1.1840 followed by 1.18/1.1780. GOLD price trades below $1950 on Friday, the...