Forex Range Bound

Intermediate
Published April 27, 2020 by:
Share:
  • A quiet week saw a minor reversal and profit taking point for the US Dollar Index (DXY)
  • EURUSD negative in a range
  • Elsewhere currencies stuck in the middle of their ranges (GBPUSD, USDJPY, AUDUSD, NZDUSD, USDCAD)
Author

Editor

Winner of the Technical Analysis Book of the Year 2014, Mapping Your Voyage of Discovery, Shaun Downey is a veteran of the markets and a globally recognized name in the world of Technical Analysis....continued

Comment on this video

Your email address will not be published. Required fields are marked *

Latest Related News

Day Trade Ideas: Video analysis – Dollar, WTI Crude, Gold, Emini S&P, Dow Jones

Published 1 day ago by:
Chart
Wide analysis of the US Dollar, Crude Oil, E-Mini Future S&P 500 and the Dow Jones. Also taking a look at Gold and how it is doing in these volatile times. Continued

Pound shifts to more bullish (GBPUSD Forecast)

Published 1 day ago by:
GBPUSD Chart
GBPUSD day trade outlook: Intermediate-term shift to bullish and upside risks  A strong advance Tuesday through key 1.2542 resistance for an intermediate-term shift from neutral to bullish, to build on the strong, very early July rally above 1.2510 resistance and to now also overcome the 1.2580 level to 1.2592, to keep the risk to the upside into Wednesday.  Day trade setup We see an upside bias for 1.2592 and 1.2633; a break here aims… Continued

“Risk on” resumes! Data wins over virus concerns

Published July 6, 2020 by:
UK Pub with bartender
Macroeconomic/ geopolitical developments Global financial markets have started to resolve the indecisive theme that has been evident from the middle of June into more of a “risk on” bias to start July.Markets have been caught between two competing forces; increasingly positive economic data compared to consensus and the rise in COVID-19 cases (particularly in the southern states of the US, but also in pockets globally).The… Continued

Euro still exposed to renewed weakness – EURUSD forecast

Published July 2, 2020 by:
eurusd chart
The Euro versus US Dollar forex rate, EURUSD has been in an  erratic, but we would argue still negative consolidation range since our last report.This leaves the threat for further EURUSD losses into today, this week and early July. EURUSD day trade outlook: Further consolidation, bias stays lower to key 1.1166 Day trade update and view Again, an erratic consolidation Wednesday with a prod below 1.1189… Continued

Cable still more negative – GBPUSD Forecast

Published June 30, 2020 by:
gbpusd chart
Ongoing Brexit trade deal concerns have kept negative pressures on the Pound (GBP).The US Dollar retains a safe haven bid, in the light of worries regarding the rise in COVID-19 cases in many southern US states, and also of new pockets of breakout globallyThis reinforces the negative GBPUSD forecast we published last Wednesday 24th June. GBPUSD day trade outlook: Intermediate-term shift to neutral below key 1.2290… Continued

Forex Brokers in your location