Technical Analysis

Technical Analysis

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

The EURUSD is finding support ahead of US C...

Published on 17 May 2016 @ 7:45 AM (UTC) , by 4M Trading S.A.R.L
The EURUSD was flat and was held in arrange between 1.1300 and 1.1345 as investors awaits new economic data to be released today. US economic data started improving on rising energy prices and better inflation report will boost expectations of Fed rate hike in June thus putting pressure on the EURUSD. Breaking 1.130...

The EURUSD largest drop after strong US ret...

Published on 16 May 2016 @ 8:35 AM (UTC) , by 4M Trading S.A.R.L
The Euro falls against the US dollars as US retail sales data upbeat expectations. The EURUSD lost upside momentum and turned lower after a shooting star candlestick appeared above 1.1600 zone. The EURUSD is still losing ground especially as US economic data started stronger than expected and at the same time the SS...

The AUDUSD tumbles after weak Chinese data...

Published on 16 May 2016 @ 7:21 AM (UTC) , by 4M Trading S.A.R.L
The AUDUSD gapped lower as Chinese industrial production and retail sales data came weaker than expected to  touch 0.7248 low. Year to date figures also missed expectations showing signs of a sluggish Chinese economy and thus giving a further slump to the AUDUSD. The AUDUSD will face a continued selling pressur...

The British pound gained momentum as the BO...

Published on 13 May 2016 @ 9:19 AM (UTC) , by 4M Trading S.A.R.L
The GBPUSD reached 1.4530 high yesterday as the Bank of England (BOE) reiterated its view on policy and downgraded its GDP outlook. The GBPUSD is attempting to breakout of the downward trend and the RSI remains bullish for the pound and breaking the resistance point 1.4475 will expand its upward move toward 1.4495, ...

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