Price is reaching our resistance where we could see a reversal below this level. Ichimoku cloud and EMA are showings of bearish pressure as well.
EUR/CAD approaching resistance, potential reversal |19 June 2020
Price is reaching our resistance where we could see a reversal below this level. Ichimoku cloud and EMA are showings of bearish pressure as well.
GBPUSD pulling back to the trend line
GBPUSD pulling back to the trend line and might see a bounce from there ! Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way,...
GBPUSD pulling back to the trend line | 19 June 2020
GBPUSD pulling back to the trend line and might see a bounce from there ! Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way,...
Market Quick Take – June 19, 2020
A mostly muted session yesterday in which a gentle equity market sell-off failed to hold and markets have rebounded slightly further overnight. Today is the quadruple witching day for US options and futures contracts, with the technical situation for markets rather stuck in limbo and the market generally at loss...
JPY Shows Strength On H1 Time Chart
The above chart shows the hourly ichimoku cloud of FXCM's JPY index - JPYBASKET. The observations are as follows: - The lime green leading span A had crossed above the red leading span B. - The forward cloud is light green and indicates support. - Price is above the black...
EM Currencies Show Weakness On H1 Time
The above chart shows the hourly ichimoku cloud of FXCM's emerging market currencies index - EMBASKET. The observations are as follows: - The lime green leading span A had crossed below the red leading span B. - The forward cloud is light pink and indicates resistance. - Price is below...
Natural gas stocks on route to challenge capacity
Weak demand risks steering U.S. natural stocks towards capacityWhat is our trading focus? NATGASUSJUL20 - Natural Gas, front month NGV0 - Natural Gas, October 2020 NGX0 - Natural Gas, November 2020 ____________________________________________________________________________________________________ Global natural gas prices continue to struggle with an overhang of supply weighing on the market. Following a...
FX Update: Market reacts to Norges Bank and Bank of England
Currencies continue to find little inspiration from fundamentals and a strong correlation with the swings in risk sentiment, but a couple of central bank meetings today did see two of the G10 currencies swinging into gear, namely NOK and GBP over their respective central bank announcements, with both seeing a...
A timeline of the BoE’s response to the pandemic
A look at the BoE's response to the pandemic and the market reaction.Beginning of February: First confirmed COVID cases in the United Kingdom. March 11: The Bank of England decides to cut interest rate from 0.75% to 0.25% and to launch a term-funding scheme to support SMEs that can provide...