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.

GBPAUD - rebound from support at 1.9900...

Published on 18 February 2016 @ 4:25 PM (UTC) , by Comparic
Since a half year GBPAUD moved in a downtrend. Price moves inside bearish regression channel and its upper band wasn't tested since early November. Yesterday price reached important support 1.9900 and today bullish rebound occurred. You shouldn't see this as trend reversal, but it is likely that some upward mov...

EURUSD - above support 1.1100, movement tow...

Published on 18 February 2016 @ 10:46 AM (UTC) , by Comparic
Since a week EURUSD continues downward movement. Yesterday better than forecasted macro data were published - the US Producer Price Index. The second macro data was FOMC minutes. Investors didn't see nothing new in FOMC protocol and it was confirmed by lack of volatility at EUR/USD. Officials stressed timing of hik...

GBPCAD - lowest since 7 months...

Published on 17 February 2016 @ 3:47 PM (UTC) , by Comparic
Since mid-January GBPCAD moves in a downtrend. Price moved above support 1.9890 until yesterday. Support was broke below and price continues its declines. Next support at 0.9730 also wasn't able to stop further depreciation, due to this current goal for bears is 1.9480 level. Today's macroeconomic data from UK ...

GBPUSD returned to declines, after short co...

Published on 17 February 2016 @ 8:24 AM (UTC) , by Comparic
Previous GBPUSD analysis gave almost 300 pips profit. I wrote: "If price stays above 1.4500 first target for falls will be at 1.4400. Next goal for bears will be 1.4200". First indicated level was reached very fast and second level could be tested today. Current chart pattern supports declines.  ...

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RISK WARNING : FOREX and CFDs are high risk leveraged products and can result in the loss of all invested capital. CFDs may not be suitable for all investors. Please read our full Risk Disclosure Statement.