technical analysis

  1. syamfx2020

    DAILY MARKET REPORT - Friday, June 26, 2020

    The commerce department reported on Thursday, the US gross domestic product (GDP) decreased at an annual rate of 5 per cent in the first quarter of 2020. This is the sharpest quarterly decline since an 8.4 per cent fall in the fourth quarter of 2008 during the depths of the financial crisis...
  2. syamfx2020

    DAILY MARKET REPORT - Thursday, June 25, 2020

    The IMF said on Wednesday the global economy will shrink 4.9% this year, compared with its April estimate of 3%. The COVID-19 pandemic has had a more negative impact on activity in the first half of 2020 than anticipated, and the recovery is projected to be more gradual than previously forecast...
  3. syamfx2020

    EUR/USD - Daily outlook

    EUR/USD remains under pressure, at the time writing the pair trading around 1.1240 support zone. Moving ahead today the EURO traders will focus on the minutes from June European Central Bank meeting- which will release at 11.30 GMT. Important levels to watch today: Support: 1.1210 and 1.1170...
  4. syamfx2020

    DAILY MARKET REPORT - Wed, June 24, 2020

    US plan to impose new tariffs on $3.1 billion of exports from the EU and UK. United States Trade Representative revealed on Wednesday the Trump administration may impose new tariffs on goods coming from the European Union and the United Kingdom. The new tariffs include on European exports like...
  5. syamfx2020

    GBP/USD - Daily outlook

    GBP/USD sellers look to be ready. The pair slightly down hovers around 1.25. The pound appreciated higher on Tuesday after UK PM BorisJohnson announced easing lockdown restrictions. Important levels to watch today: Support: 1.2470 and 1.2430 Resistance: 1.2540 and 1.2600
  6. syamfx2020

    DAILY MARKET REPORT - Tuesday, June 23, 2020

    Eurozone, Germany, Australia, and UK manufacturing and service PMI reported a noticeable rebound in recent months. UK manufacturing PMI - Actual: 50.1 Forecast: 45 Previous: 40.7 UK services PMI – Actual: 47 Forecast: 40 Previous: 29 Eurozone Manufacturing PMI - Actual: 46.9 Forecast: 44.5...
  7. syamfx2020

    Australian Dollar rebounded from the daily low

    At the time writing AUD/USD trading above 0.69, the pair dropped to 0.6860 during the Asian session after US trade adviser Peter Navarro said that the trade deal with China has been terminated. The currency pair recovered later after the comments from US President Donald Trump tweeted “The China...
  8. syamfx2020

    DAILY MARKET REPORT - Monday, June 22, 2020

    Global markets started the week on a bearish note, amid fears over a resurgence of coronavirus cases. The World Health Organization reported a record increase in global coronavirus cases on Sunday, with more than 183 thousand cases in a 24-hour period. Brazil led with nearly 55,000 new cases...
  9. syamfx2020

    GOLD - Weekly outlook

    Gold price slightly down from fresh monthly high $1758, If the price won't break above the previous high $1765 we may see a pullback to $1745 & $1730. On the other side break above $1765, the next level to watch $1780.
  10. syamfx2020

    EUR/USD - Daily forecast

    EUR/USD up slightly on USD weakness, supported by 1.1140/50. Any break below 1.1140 will open doors to 1.1110 demand zone. on the upper side the immediate resistance around 1.1240, break above 1.1240 the next resistance to watch 1.1320.
  11. syamfx2020

    DAILY MARKET REPORT - Friday, June 19, 2020

    Moving ahead today the investors look forward to the updates from European leaders meeting and Quadruple witching - when large derivatives positions rollover as futures and options expire in what is called ‘quadruple witching’, which happens once a quarter. The European Union 27 leaders meeting...
  12. syamfx2020

    DAILY MARKET REPORT - Thursday, June 18, 2020

    The British pound down on Thursday ahead of Bank of England monetary policy decision later today. The market participants expect the central bank will announce an increase in its asset purchase program by at least GBP 100 billion. EQUITIES Asian markets slipped on Thursday, Japan’s Nikkei 225...
  13. 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
  14. syamfx2020

    DAILY MARKET REPORT - Wednesday, June 17, 2020

    The inflation in the UK fell to 0.5% in May – the lowest in nearly four years, the Office for National Statistics said in a statement. The core CPI eased to 1.2%, versus 1.3%. "Global prices for crude oil fell sharply from the beginning of 2020 before recovering throughout May, albeit to levels...
  15. syamfx2020

    Australian Dollar climbed 2.6% higher, time for a pullback?

    AUD/USD bounced higher to 0.6963 with US stock futures. A pullback here would be nice. If the price breaks below 0.6920, it will give us a bearish signal. On the upper side, if the price break above 0.6985 will open doors to June 10 high at 0.7069.
  16. syamfx2020


    The Alibaba stock slid as much as 4% in Hong Kong on Monday after the e-commerce giant has forecasted slow growth for this year. The company projected sales of about 650 billion yuan ($91 billion) and fourth-quarter profit fell 88% from the same period a year ago. The (NYSE: BABA) stock price...
  17. syamfx2020

    The pound rebounded from the short term support

    GBPUSD recovered from the early losses against the US dollar after buyers found short term support near the 1.2160 area. Overall the movement remained bullish throughout the Asian session, at the time writing the pair trading near 1.2270. Meantime, UK Prime Minister Boris Johnson announced that...
  18. Sive Morten

    Gold GOLD PRO WEEKLY, May 11 - 15, 2020

    Fundamentals At the eve of last week, market sentiment suggested US Dollar retracement as it was seemed overvalued due fundamental background and outstanding liquidity injections from the Fed. The whole week gold was keeping bullish context, preparing to upside continuation and accurately...
  19. Sive Morten

    Forex FOREX PRO WEEKLY, May 11 - 15, 2020

    Fundamentals No doubts the central moment of this week was NFP report on Friday and ADP report on Wed. Market reaction was moderate as everybody mostly was prepared to negative numbers, but these numbers are yet to be analyzed with scrutiny. Still, there are some other events that are important...
  20. O

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