Blog de la Communauté FX

Filtrés par étiquette:  Daily Resistance 1
Avatar

Loonie breaks to new highs after BOC rate cut

BOC cut Overnight Rate to 0.50% from 0.75%. That also put Bank Rate to 0.75% from 1.00% and Deposit Rate to 0.25% from 0.5%. The move was not entirely unexpected but, in combination with breaking strong six-month resistance and trading to new highs, it was enough for the pair to jump 120 pips on the release and 180 pips on the day.
The pullback was minimal so far. Post-release pullback was contained by Weekly Resistance 2 (1.2882). After that, the pair made new high for the day (1.2958) and has …
Lisez l'histoire complète
Traduire en Anglais Montrez l'original
oupour laisser des commentaires
Avatar

EURo in demand

The Dollar weakened across the board yesterday as post-NFP losses were reversed on most major pairs. The biggest winner was the Euro, which rose 190 pips from the open, with the daily range of more than 220 pips.
The pair continued to gain overnight, but it stalled ahead of the trendline drawn off June/July 2014, December 2014 and May/June 2015 peaks. Above that, a confluence of Weekly Resistance 1 (1.1366), Monthly Resistance 1 (1.1366), Daily Resistance 1 (1.1371) and Previous Week High (1.138…
Lisez l'histoire complète
Traduire en Anglais Montrez l'original
oupour laisser des commentaires
Avatar

Aussie rallying on the RBA

As widely expected, RBA left the Cash Rate at 2.00%. Although they expressed an easing bias, the statement was not particularly dovish and the Aussie is rallying on it.
The pair broke yesterday's high near 0.7670. If it manages to hold above it, there's a cluster of resistance (Daily Resistance 2, Weekly Pivot Point, 0.77 level) between 0.7695 and 0.77. On the downside, Daily Resistance 1 and 0.7750 with H1 50 SMA just below that should now provide the first stronger level of support.
Lisez l'histoire complète
Traduire en Anglais Montrez l'original
oupour laisser des commentaires
Avatar

USD/JPY pops 2007 high overnight

USD/JPY continued its uptrend overnight and broke 2007 high at 124.14, to the highest in the last thirteen years. It stalled at Daily Resistance 1 (124.23) and then pulled back 50 odd pips.
Initial resistance is found in 124.15 - 124.25 band (June 2007 high, Daily Resistance 1). Then few intraday levels: 124.50 level, Weekly Resistance 3 (124.66), Daily Resistance 2 (124.80). Then stronger at 125.00 level, before possibly even stronger in 125.50 - 125.70 band (125.50 level, Daily Resistance 3, H…
Lisez l'histoire complète
Traduire en Anglais Montrez l'original
oupour laisser des commentaires
Avatar

USD/JPY breaks higher

USD/JPY broke out of the six month trading range (115.50 - 122.00) yesterday and traded up to 123.30, adding more than 150 pips from the open. It wasn't able to follow through overnight as it remained in tight consolidation between 122.80 and 123.30. We'll see soon enough if this rally still has some legs, when European traders will start coming to their desks shortly.
July 2007 (123.67) and June 2007 (124.14) highs appear to be the main resistance levels nearby. Pivot point resistance levels ma…
Lisez l'histoire complète
Traduire en Anglais Montrez l'original
oupour laisser des commentaires
Avatar

Cable testing 1.50

There was almost no pullback following last Friday's outsized NFP moves, which may signal that the market is eager to get on board of potential broader USD pullback. Cable traded up to Daily Resistance 1 and stalled 15-20 pips ahead of Weekly Resistance 1 and big 1.50 level. Tomorrow's Services PMI may push it through, if it comes out better than expected.
Lisez l'histoire complète
Traduire en Anglais Montrez l'original
oupour laisser des commentaires