GBP/USD Outlook

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After hitting 1.5674, GBP/USD lost movement. However, with the 1.5450 support not broken, a further rise is expected. Over 1.5674 it will look to 1.5929 resistance. A break there will extend the rise to 61.8% Fib retracement of 1.7190 to 1.4565 at 1.6187. However, below the 1.5450 level will turn attention to 1.5169 support. Medium […]

Whither The Chinese Stock Market Now?

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The Shanghai market rallied by some 15% in the last two sessions, which is an example of considerable volatility. However, even with volatility at such a high level, the Chinese might not be out of the woods yet. Prices could show swings either way in the coming weeks, with changes of direction almost overnight. From […]

EUR/USD Forecast For July 27th

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In early trading on Friday, the EUR/USD initially dropped, but then found support at around the 1.09 level which succeeded in turning it around and forming a hammer. However, the hammer is sitting just below 1.10 which has been a strong point of resistance. If the pair can break through the 1.10 point, it could […]