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Saturday, September 16, 2017
CryptoCurrency News: Institutional Cryptoeconomics: A New Model for a New Century
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CryptoCurrency News: Bitcoin in the Browser: Google, Apple and More to Adopt Crypto-Compatible API
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[FOREX TIP] AUDUSD Weekly Forex Forecast – 18th to 22nd Sept 2017
The AUDUSD finished the last week of trading on an indecisive note. We close slightly below the big psychological number 0.8000 which is indicative of more ranging activity to be expected in the coming week of trading. The stochastic indicator is pointing first for a retest of the last week low 0.7950 level before to see a retest of the upper limit range. However, a break and a daily close below 0.7950 will open up the door for a retest of the 0.7875 support level.
On the upside, the first level of resistance comes in at 0.8065 followed by current 2017 high 0.8125 which can hold the upside and produce a reaction lower. The Australian economic calendar will bring on Tuesday the RBA Meeting’s Minutes which can give traders further insights into the RBA interest rate policy. On Thursday we have the RBA Bulletin report, which can be the catalyst for some volatility.
Previous AUDUSD Weekly Forex Forecast
AUDUSD Weekly Forex Forecast – 18th to 22nd Sept 2017
The post AUDUSD Weekly Forex Forecast – 18th to 22nd Sept 2017 appeared first on Advanced Forex Strategies.
from Advanced Forex Strategies
[FOREX TIP] USDCAD Weekly Forex Forecast – 18th to 22nd Sept 2017
The USDCAD bearish trend continues to be persistent and the smart thing to do is to focus on the downside. In this regard, we should expect resistance level to hold and support levels to be broken. On the upside, the first level of resistance only comes in at 1.2250. A break and a daily close above this level will open up the door for a possible retest of the 1.2410 important resistance levels.
The stochastic indicator is moving away from oversold condition which indicates that early in the week we might see a retest of resistance before resuming down. On the downside the first level of support only comes in at current 2017 low at 1.2064. A break below this level will put the focus on the big psychological number 1.2000. The Canadian economic calendar looks mild in terms of risk events. The only notable news event that can disturb the volatility is the CPI inflation figures scheduled on Friday.
Previous USDCAD Weekly Forex Forecast
USDCAD Weekly Forex Forecast – 18th to 22nd Sept 2017
The post USDCAD Weekly Forex Forecast – 18th to 22nd Sept 2017 appeared first on Advanced Forex Strategies.
from Advanced Forex Strategies
[FOREX NEWS] EUR/USD: Is it ready to resume the rally?
EUR/USD dropped from the highs and bounced only at lower support. Has it ended the consolidation phase? Is it ready to rise? Here is their view, courtesy of eFXnews: EUR/USD: Any Dips On Positioning-Squaring A Buying Opportunity – Credit Agricole Credit Agricole CIB FX Strategy Research notes that next week will become more active in [...]
The post EUR/USD: Is it ready to resume the rally? appeared first on Forex Crunch.
via Forex Crunch
[FOREX TIP] GBPUSD Weekly Forex Forecast – 18th to 22nd Sept 2017
The GBPUSD had an impressive rally that was motivated by BOE interest rate hawkish rhetoric. The BOE signaled that it might raise the interest rate in the “coming months” which has sent the GBPUSD to levels not seen since the Brexit day. We don’t have a lot of resistance to the upside couple with the current bullish momentum warns us that we should continue moving higher in the coming week. On the upside, the first level of resistance remains last week high 1.2614. The reason why the current rally can continue during coming week is because we don’t have any resistance left until the big psychological number 1.4000 from where we can see a reaction lower.
The stochastic indicator is already in an overbought condition which may cause early in the week a retest of the round number 1.2500 before a reaction higher to happen. The UK economic calendar doesn’t have much to offer us in terms of risk events. The only notable risk event is the UK retail sales, which based on the market consensus should give us a flat reading. From the other side of the Atlantic Ocean, we have the Fed interest rate decision which is the highlight risk event of the week.
Previous GBPUSD Weekly Forex Forecast
GBPUSD Weekly Forex Forecast – 18th to 22nd Sept 2017
The post GBPUSD Weekly Forex Forecast – 18th to 22nd Sept 2017 appeared first on Advanced Forex Strategies.
from Advanced Forex Strategies
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