Visionxlimited

Visionxlimited

NZD/JPY Here we can see that descending channel is still active. There are two important zones that I will keep my eyes on. 83.600 resistance and 82.600 support.

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EUR/USD: Losses could extend to the 1.05/1.06 range on failure to hold 1.0670/80 EUR/USD has drifted back to the 1.07 area. The pair could fall to the 1.05/06 region. BEARISH TECHNICAL ANALYSIS “Intraday weakness below the 1.0730/35 support zone (now minor resistance intraday) risks seeing EUR losses extend somewhat more as spot’s recent consolidation range has...

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ABOUT GOLD: Gold Price Forecast: XAU/USD hangs near one-month low amid stronger US Dollar TECHNICAL ANALYSIS: Gold price technical outlook: From a technical perspective, acceptance below the $1,855 region (50-day SMA) will be seen as a fresh trigger for bearish traders and pave the way for deeper losses. Gold price could then slide to the next relevant support...

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S&P 500 Index: Break below 4000/3930 to affirm an extended down move – SocGen The S&P 500 finished lower as the index posted a -0.88% loss. It was the first back-to-back -1.0% days for the S&P 500 since mid-December. The index could suffer a deeper fall on failure to hold above 4000/3930, economists at Société Générale report. A pullback is underway “S&P 500...

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S&P 500 Index: Break below 4000/3930 to affirm an extended down move – SocGen The S&P 500 finished lower as the index posted a -0.88% loss. It was the first back-to-back -1.0% days for the S&P 500 since mid-December. The index could suffer a deeper fall on failure to hold above 4000/3930, economists at Société Générale report. A pullback is underway “S&P 500...

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USD/CAD to dip under 1.34 if Canada jobs data surprise to the upside – BofA USD/CAD has had a strong positive correlation with Canada employment data surprises “We find over the past two years, the USDCAD exchange rate has had a strong positive correlation with Canada employment data surprises.” “Our economists and consensus forecast both look for Canada to add...

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EUR/USD outlook: Bears look for fresh extension after recovery attempts were repeatedly rejected EUR/USD The Euro returned to weakness on Friday, signaling that brief consolidation might be over and extension of pullback from 1.1032 (Feb 2 peak) would be likely near-term scenario. Repeated upside rejections of the action in past two days (daily candles with long...

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Looking at EURGBP’s chart, we can see that the FX pair is on a downtrend and currently it is traded at around $0.8859. Today if it holds the rate above the support level of $0.8850, then we should expect an increase of the rate towards its resistance level at around $0.8880 and if it is able to pass it, then it could reach its next resistance level at around $0.89-0.8915.

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EUR/GBP Looking at EURGBP’s chart, we can see that the FX pair is on a downtrend and currently it is traded at around $0.8859. Today if it holds the rate above the support level of $0.8850, then we should expect an increase of the rate towards its resistance level at around $0.8880 and if it is able to pass it, then it could reach its next resistance level at...