British Pound Technical Forecast: GBP/USD, GBP/JPY, GBP/AUD, GBP/CAD
GBP fell against both the US Dollar and Japanese Yen but, did manage to extend gains against CAD and Aussie.
Monthly Archives: October 2020
USD/CHF Weekly Outlook
USD/CHF rebounded strongly last week but couldn’t sustain above 0.9165 resistance so far. Initial bias remains neutral this week first....
GBP/USD Weekly Outlook
GBP/USD gyrated lower to 1.2880 last wee but quickly recovered. Initial bias stays neutral this week first. On the downside, break of 1...
EUR/USD Weekly Outlook
EUR/USD’s break of 1.1688 support last week suggests that recovery from 1.1612 has completed at 1.1880. More importantly, corrective fa...
USD/JPY Weekly Outlook
USD/JPY dropped further to 104.02 last week but couldn’t break through 104.00 support and recovered. Initial bias is neutral this week ...
CFTC Commitments of Traders – Bets on Falling Euro Soared amidst Fresh Lockdown Measures
As suggested in the CFTC Commitments of Traders report in the week ended October 27, NET SHORT of USD Index futures slipped -412 to 1 2...
CFTC Commitments of Traders – Energy Prices Declined as Resurgent Covid Cases Raised Concerns over Demand Outlook
According to the CFTC Commitments of Traders report for the week ended October 27, NET LENGTH for crude oil futures declined -18 258 co...
EUR/AUD Weekly Outlook
Despite slightly deeper than expected pull back to 1.6461, EUR/AUD rebounded well ahead of 1.6337 support. The development maintains ne...
AUD/USD Weekly Outlook
AUD/USD edged lower last week but couldn’t sustain below 0.7005 support yet. Initial bias stays neutral this week with focus on 0.7005....
EUR/CHF Weekly Outlook
EUR/CHF’s decline resumed by taken out 1.0688 last week. Initial bias stays on the downside this week for further decline. Fall from 1....