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Brent: review

Forex analytics: Current trend
Since the beginning of the week crude oil Brent has lost over 150 points. The price failed to consolidate above strong resistance level of 108.40 and corrected downward. In addition, tension around Crimea has slightly cooled down. Investors today will be guided by the report of US Department of Energy on oil and gasoline inventories and the meeting of US Fed committee.
Levels of …

EUR/USD: general analysis

Forex analytics: Current trend 
The Unified European currency is still trading in the upward channel, having on its way a strong resistance level of 1.4000. If this level is broken down Euro may go up to 1.4250.
Meanwhile it is worth mentioning that in his speech in Vienna the head of ECB said that high exchange rate of Euro bears risks for European economy and helps reduce inflation rate and increase a …

EURUSD Daily Forecast: March 19

EURUSD Forecast        

The EURUSD had another indecisive movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term but overall I still prefer a bullish scenario at this phase with nearest target seen around 1.4000. Immediate support is seen around 1.3850. A clear break below that area could trigger further bearish pullback testing 1.3800 or lower.

eurusddaily

GBPUSD Daily Forecast: March 19

GBPUSD Forecast

The GBPUSD had a bearish momentum yesterday bottomed at 1.6545 but closed a little bit higher at 1.6591. Overall I still prefer a bullish scenario at this phase but the bias is bearish in nearest term testing 1.6500. Immediate resistance is seen around 1.6650. A clear break above that area could lead price to neutral zone in nearest term testing 1.6700 which need to be clearly broken to the upside to give the bullish scenario another chance testing 1.6850 or higher.

gbpusddaily

USDJPY Daily Forecast: March 19

USDJPY Forecast

The USDJPY had a bearish momentum yesterday bottomed at 101.27. Price has been moving sideways since Monday between 102.00 – 101.20. We need a clear break from that range area to see clearer direction. As long as stays above the trend line support and 100.80, my overall technical outlook remains bullish but as long as stays below 103.00 – 103.75 price is still in a bearish correction phase.

usdjpydaily

USDCHF Daily Forecast: March 19

USDCHF Forecast

The USDCHF had another indecisive movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term. Important intraday range to be closely watched is seen between. 0.8775 – 0.8700. A clear break above 0.8775 could trigger further bullish pressure testing 0.8800 – 0.8845. On the other hand, a clear break below 0.8700 could trigger further bearish pressure testing 0.8650 or lower. Overall I still prefer a bearish scenario at this phase.

usdchfhourly

USD/СAD: Downward movement will continue

Forex analytics: Current trend
The pair USD/СAD continues to trade in the downward channel. On Monday the USD had lost over 60 points and reached the level of 1.1044. The American dollar is under pressure from instability in Crimea. Investors believe that tightening of sanction against Russian Federation can result in economic losses in EU and USA; therefore, the USD is sold being out. On the other hand, the USD …

GBP/USD: Impregnable line is 1.6600.

Forex analytics: Current trend
On Monday the pair was traded sluggishly in the sideways channel. Low volatility was caused by lack of British macro-economic news. Another reason of the lull in the market is the decreasing demand for the Pound among investors. Investors are cautious in advance of publication of key US and UK data.
The most important event of this week is the US Fed decision on interest rate and …

EURUSD Daily Forecast: March 18

EURUSD Forecast        

The EURUSD was indecisive yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term but overall I still prefer a bullish scenario at this phase with nearest target seen around 1.4000. Immediate support is seen around 1.3850. A clear break below that area could trigger further bearish pullback testing 1.3800 or lower.

eurusddaily

GBPUSD Daily Forecast: March 18

GBPUSD Forecast

The GBPUSD didn’t make significant movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term. Important intraday range to be closely watched is seen between 1.6700 – 1.6600. We need a clear break and consistent movement above or below that range area to see clearer direction. I still prefer a bullish scenario with nearest target remains around 1.6850, but a clear break and consistent movement below 1.6600 could trigger further bearish pressure testing 1.6550 – 1.6500.

gbpusddaily

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