Posts by AmContent
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in AmContent chart
Jan 23, 2020 at 12:29
The upside momentum in Cable could extend to the 1.3285 level, suggested Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank.
Key Quotes
“GBP/USD saw another recovery yesterday, which has eroded last weeks high and we will assume that there is scope for a deeper recovery to the 1.3285 Fibonacci retracement.”
“The market should remain underpinned by the 1.2874 uptrend and the December low at 1.2908. Failure at the 4 month uptrend would put the 200 day moving average at 1.2689 back on the plate.
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in AmContent chart
Jan 20, 2020 at 10:10
24-hour view: “We highlighted last Friday that AUD ‘could edge lower towards 0.6875’ and added ‘the next support at 0.6850 is likely ‘safe’. AUD subsequently dropped to 0.6871 before ending the day on a soft note at 0.6874. Downward momentum has picked up, albeit not by much. From here, barring a move back above 0.6910 (minor resistance at 0.6895), AUD could drift lower towards 0.6850. For today, a sustained drop below this level appears unlikely.”
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in AmContent chart
Jan 20, 2020 at 10:06
GBPUSD trades either side of 1.2980 with trend resistance of the December 12 spike high at 1.3512 in control of price action. The 1.2950 to 1.2970 level has prompted buying in the past month and may see cable push higher again. Below here, the next level of support is the December 23 low at 1.2904. The current downtrend currently cuts across around 1.3040, while a cluster of recent highs and the 20- and 50-day moving averages block the path up to 1.3120. The CCI indicator suggests that the market is becoming oversold.
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in AmContent chart
Jan 20, 2020 at 09:52
In light of the recent price action, EUR/USD could extend the leg lower to the 1.1066 level, noted Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank.
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in AmContent chart
Jan 17, 2020 at 10:12
24-hour view: “While USD closed at an 8-month high of 110.14, upward momentum has not improved by all that much. That said, there is scope for USD to continue to edge higher towards 110.40 (next resistance is at 110.65). Only a move back below 109.85 would indicate that the current mild upward pressure has eased (minor support is at 110.00).
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in AmContent chart
Jan 17, 2020 at 09:59
GBP/USD climbed to over one-week tops but lost traction post-UK macro data.
Fears of a no-deal Brexit might exert some additional pressure on the pound.
The GBP/USD pair failed to capitalize on its early uptick to over one-week tops and dropped to the lower end of its daily trading range, around the 1.3060-50 region post-UK macro data.
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in AmContent chart
Jan 16, 2020 at 13:32
EUR/USD keeps pushing higher on Wednesday, boosted by the recent surpass of the 1.1140 region, where sits the 200-day SMA.
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in AmContent chart
Jan 15, 2020 at 10:41
EUR/USD January 15, 2019
The traders are awaiting to the US-China’s phase one deal final result later today.
All the attention is predicted to be on the US-China’s ‘Phase One’ deal, with both countries expecting to sign it later in the day.
Bulls struggled to break the @1.1140 key, but it ignited another consolidation in that region. In the next few hours we will hear more from the US-China’s phase one deal, and that would illustrate a clear insight of the market next movement.
On the downside, a breach of 1.1094 would target 1.1085.
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in AmContent chart
Jan 15, 2020 at 10:41
EUR/USD January 15, 2019
The traders are awaiting to the US-China’s phase one deal final result later today.
All the attention is predicted to be on the US-China’s ‘Phase One’ deal, with both countries expecting to sign it later in the day.
Bulls struggled to break the @1.1140 key, but it ignited another consolidation in that region. In the next few hours we will hear more from the US-China’s phase one deal, and that would illustrate a clear insight of the market next movement.
On the downside, a breach of 1.1094 would target 1.1085.
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in AmContent chart
Jan 15, 2020 at 10:41
EUR/USD January 15, 2019
The traders are awaiting to the US-China’s phase one deal final result later today.
All the attention is predicted to be on the US-China’s ‘Phase One’ deal, with both countries expecting to sign it later in the day.
Bulls struggled to break the @1.1140 key, but it ignited another consolidation in that region. In the next few hours we will hear more from the US-China’s phase one deal, and that would illustrate a clear insight of the market next movement.
On the downside, a breach of 1.1094 would target 1.1085.
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in AmContent chart
Jan 15, 2020 at 10:41
EUR/USD January 15, 2019
The traders are awaiting to the US-China’s phase one deal final result later today.
All the attention is predicted to be on the US-China’s ‘Phase One’ deal, with both countries expecting to sign it later in the day.
Bulls struggled to break the @1.1140 key, but it ignited another consolidation in that region. In the next few hours we will hear more from the US-China’s phase one deal, and that would illustrate a clear insight of the market next movement.
On the downside, a breach of 1.1094 would target 1.1085.
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in AmContent chart
Jan 15, 2020 at 10:40
GBP/USD January 15th, 2019
The pair consolidates the bounce of 1.2954 by hovering above it. The bounce is likely over at cusp @1.3042.
Poor UK GDP data mixed with increased BOE dovish expectations could continue the downtrend.
From a technical standpoint, tumble would continue to lower levels with breach of @1.2945.
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in AmContent chart
Jan 15, 2020 at 10:14
GBP/USD January 15th, 2019
The pair consolidates the bounce of 1.2954 by hovering above it. The bounce is likely over at cusp @1.3042.
Poor UK GDP data mixed with increased BOE dovish expectations could continue the downtrend.
From a technical standpoint, tumble would continue to lower levels with breach of @1.2945.
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in AmContent chart
Jan 15, 2020 at 09:12
AUD/USD January 15th, 2019
The AUD/USD is trading between two key levels. Apparently, the market in this pair is undecided and awaiting the US-China phase one trade deal to make its next move.
The US Treasury Secretary Mnuchin said earlier today that the US-China trade deal is fully enforceable and that the trade deal documents will be released on Wednesday.
From a technical standpoint the Aussie likely lengthen the side movements
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in AmContent chart
Jan 14, 2020 at 08:19
GBPUSD, January 14th, 2019
The currency pair is under Bears pressure and the next support is @1.2905.
A move above @1.3080 can indicate that the downtrend is over.
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in AmContent chart
Jan 14, 2020 at 07:41
January 14th, 2019
USDJPY has broken the @109.68 ceiling after a double bottom was formed at @109.90.The pair has entered a phase of bullish consolidation. U.S has the consumer price index announcement today. A higher read would impulse bulls to push the price higher.
China pledged to purchase $80 billion of the US goods over the two years in the phase one of the trade deal. Therefore market sentiment is bullish oriented.
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in AmContent chart
Jan 08, 2020 at 16:15
The U.S dollar is gaining value. As I am typing this analyse, the market is under bears hard pressure, and the downside strength doesn't show any sign of consolidation at this stage. Bears have keen to test lower support areas.
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in AmContent chart
Jan 08, 2020 at 15:59
As I am writing the U.S dollar cling to the resistance (red upward trend line). The market likely slow down it pace or reverse at this stage.
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in AmContent chart
Jan 08, 2020 at 10:51
January 8, 2020
The NZDUSD downside movement has been eased after it plunged to @0.6635 support, and the pair bounced a bit more or less than 50 pips since this morning. The blue downside trend line is the solid support for NZD. Market sentiment will be bullish while the price hovers above these areas and the quote likely surge to challenge the July high at @0.6791.
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in AmContent chart
Jan 08, 2020 at 06:51
AUD/USD, January 8, 2020
Long opportunity at @0.6811 with stop loss @0.6830.
The AUD/USD eased at @0.6850 support area after the downpour since January 1, 2020. The currency pair likely eye off @0.6938 resistance.
A leak in upward trend line would indicate an end of upside trend.
to be continued...
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