Conversely, the chart would suggest a correction sooner or later, with overbought conditions having dominated in recent weeks. Friday’s peak above ¥182 was the highest price for pound-yen in more than seven years, even before the Brexit referendum, and with all three saturation signals clearly visible it would traditionally be a big risk to buy…
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From a technical perspective, oil’s uptrend since last summer is clearly still active for now. Brent has failed to break below the 50 SMA from Bands, and there is currently no indication of overbought from either Bollinger Bands (50, 0, 2) or the slow stochastic (15, 5, 5). The key area on this chart for…
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The following article was written by ATFX Chief Analyst of Asia Pacific, Martin Lam. Personal opinions today: The British Parliament plans to vote on the draft Brexit agreement tomorrow, but the draft is expected to be finally rejected. The British Prime Minister indicated that if the draft is rejected, it will be delayed until the March…
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The following article was written by ATFX Chief Analyst of Asia Pacific, Martin Lam. The Trump government of the United States announced last week that it has imposed an additional 10% tariff on Chinese imports worth US$200 billion. The renminbi is bearish. The negative news has caused the US dollar to see 6.86 against the…
Read moreIS Prime explained to LeapRate that many client losses in the industry were so pronounced yesterday was due to an absence of liquidity on the bid in EURCHF and USDCHF, meaning that clients could not close out positions. IS Prime was bid throughout the most volatile period of the day in both pairs.
Read moreFxPro decides to immediately halt all trading on CHF pairs...
Read moreIn Swissquote’s Tuesday short term technical trading report, the research team outlines the major technical levels of popular currency instruments with forecasts, below is the outline for USD/CHF and USD/CAD. To view and download (PDF) the entire report, click here. USD/CHF: Monitor the short-term declining channel • USD/CHF strengthened yesterday, erasing all the losses made…
Read moreAlso expands presence in Dubai with category 4 DFSA license.
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