Market Watch

A close watch of the most important economic data and indicators that can affect the financial markets to understand the market more effectively.

Pound-dollar-9865315asdfg.jpg

GBPUSD: Under Pressure Below 1.5304 Despite Recovery

5
As shown on the daily chart below, the GBPUSD is in extended bullish divergence after breaking below the 1.5129 levels last week, so despite...
Pound-dollar-9865315asdfg.jpg

GBPUSD: Could dip towards 1.4400 levels,support at 1.4830

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As shown on the weekly chart below, fall from 1.6380 levels was contained by 1.4830 levels, rebound from 1.4830 levels vanished at 1.5750 levels...
EURO-Dollar-min

EURUSD – NFP:Pullback Could be Seen Towards 1.2970 Before New Sell-off

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The EURUSD continued to move downward yesterday, topped at 1.3022 and bottomed at 1.2883 today, focus will be on Non-Farm Payrolls, expectations most likely...
EURO-Dollar-min

EURUSD: Vulnerable Despite Recovery Attempts

0
Yesterday was the second try to bottom at 1.2922, after failing at 1.3058 last week, now pressure will be on the key resistance 1.3078,...
EURO-Dollar-min

EURUSD – 1.2400 before 1.4200 !

1
Monthly: As shown on the monthly chart below, the pair is trapped inside a triangle, after topping at 1.3710 levels last Feb, the pair...

Dow Jones trades at resistance !

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The Dow Jones corrected higher this week after bottoming at 14542 levels. Now the pressure will be on the key resistance 15056. The Dow...
EURO-Dollar-min

EURUSD’s in extended bullish divergence, 1.3058 & 1.3145 are important pivots

5
The Extended bullish divergence usually comes in a trending market. After a strong fall and set a temporary bottom. But because of the lack...
EURO-Dollar-min

Trade Idea:Long EURUSD above 1.3058 !

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As shown on the daily chart below. The pair has rejected from the key support 1.3060. According to the %R Williams indicator. We have...
Reversal -65987

Study # 1 : Support And Resistance As Reversals

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The concepts of support and resistance are certainly two of the most highly discussed features of technical analysis and they are often regarded as...
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