GBPUSD intra-day price (M5 timeframe) broke key support level for 100 pips lower during the NFP news events: "The GBPUSD is currently rebounding off its daily lows after declining during today’s NFP (Non-Farm Payrolls) event. NFP figures were expected to be released at +190k; however, these expectations were missed with a total of 151k. Initially major pairs declined against the US Dollar. As seen above, the GBP/USD is still trading ...
D1 price is located to be above yearly Central Pivot at 1.3157 for the primary bullish market condition: The price is on ranging within Central PP at 1.3157 and R1 Pivot at 1.4670;Ascending triangle pattern was formed by the price to be crossed to above for the bullish trend to be continuing;"The USD/CAD is attempting to breakout to a higher high this morning, potentially ending the range bound conditions that have been developing for the last five trading periods. Today’s ...
"The US Dollar has initially rallied from this news, causing pairs such as the GBP/USD to decline in value. Now that NFP has concluded traders may continue to watch for further declines under today’s S4 pivot point, which resides at a price of 1.4556. In the event of a breakout below this value traders may begin to extrapolate today’s 59-pip range to find initial targets near 1.4497.""If the current bout of US Dollar strength begins to falter, ...
US Dollar Forecast – US Dollar Remains in Control, but Can it Really Hold its Gains "Momentum clearly remains in the US Dollar’s favor as it trades near key multi-year peaks, and we head into the coming trading week cautiously bullish. Yet it is likewise clear that markets could shift in an instant, and it will be important to remain nimble in what looks to be another indecisive week of price action." British Pound Forecast ...
US Dollar Forecast – US Dollar Breaks a 12-Year High but is Momentum A Guarantee? Eight months of congestion have been brought to a dramatic end this past week as the US Dollar mounted an impressive rally in the aftermath of the October labor report. British Pound Forecast – GBP/USD 2015 Rebound to Unravel Further as BoE Lags Behind Fed GBP/USD stands at risk of extended the decline from the beginning of the month should the key developments coming out of the U.K./U.S. ...
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