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  • Squawk / 54 minutes ago
    United Kingdom
    W17 Final #FX balance:
    #GBP ended week and a strong note, while #NZD was on the wrong end for the week
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  • Squawk / 10 hours ago
    Senior Analyst /
    Saint Vincent and the Grenadines
    Weekly Trading Forecasts on Major Pairs (April 27 – May 1, 2015)

    Dominant bias: Bullish
    Within the first few trading days of the last week, this pair moved in a tight range. On April 23, there was a breakout in favor of the bulls, enabling price to go above the support line at 1.0850. It is possible for the resistance lines at 1.0900 and 1.0950 to the tested. However, there is a good possibility that the pair may become weak again before the end of this week, thus causing price to reach for the support lines at 1.0800 and 1.0750.

    Dominant bias: Bearish
    Here, the market moved upward on April 22, 2015, owing to the weakness of CHF at that time. In order to confirm this, you can check what happened to all CHF pairs on that very day. The weakness in CHF caused USDCHF to go above the 0.9700, threatening the extant bearish bias.

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