Welcome to this week’s Market Blast Fundamentals where we will look at Gold (XAUUSD), GBPUSD, EURGBP, EURJPY, and EURUSD.
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On Tuesday last week we covered the AUDUSD which spent the remainder of the week edging higher off the key 0.6850 level back up above 0.69. In the two weeks prior, the AUDUSD consolidated right around the key level of 0.6850 after having eased from its highest level this year just above 0.7050. It had spent several weeks pushing higher to reach that level above 0.7050 however it ran into a wall of resistance at this key level which has previously offered stiff resistance to the AUDUSD last year. It has since eased from that resistance but enjoyed support from another key level in 0.6850 which has propped it up allowing it to rally again towards the key 0.7050 level, before the AUDUSD consolidated right around 0.6850.
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GBPUSD - Encuentra resistencia en 1.25, cuando BOE ve recuperación en "V"
on July 3, 2020
| By Stuart McPhee
|
GBPUSD
En los últimos días, el GBPUSD ha recuperado el soporte en la clave 1.23 hasta el nivel de 1.25 solo para encontrar resistencia en ese nivel nuevamente. Esto es una repetición de lo que sucedió la semana pasada cuando rebotó en el soporte, pero fue rechazado por el nivel de 1.25, dejando al GBPUSD actualmente operando en un rango estrecho entre estos dos niveles clave. Hace unas semanas, el GBPUSD cayó bruscamente desde un máximo de tres meses por encima de 1.28 nuevamente por debajo del nivel clave de 1.25. Al hacerlo, ha regresado al rango donde ha pasado la mayor parte de los últimos tres meses. En las tres semanas anteriores, el GBPUSD se recuperó de un mínimo de seis semanas por debajo de 1.21 hasta el nivel clave de 1.23 donde se encontró con la resistencia, sin embargo, en esta ocasión pudo empujar más alto
.
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GBPUSD - Meets Resistance at 1.25 as BOE sees ‘V Shaped’ Recovery
on July 3, 2020
| By Stuart McPhee
|
GBPUSD
In the last few days the GBPUSD has rallied off support at the key 1.23 back up to the 1.25 level only to meet resistance at that level again. This is a repeat of what happened last week when it bounced off support but was turned away by the 1.25 level, leaving the GBPUSD currently trading in a narrow range between these two key levels. A few weeks ago the GBPUSD fell sharply from a three month high above 1.28 back down below the key 1.25 level. In doing so, it has returned to the range where it has spent the best part of the last three months. In the prior three weeks the GBPUSD rallied from a six week low below 1.21 back up to the key 1.23 level where it has met resistance however on this occasion it was able to push higher.
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DJI in Downtrend. Sterling Slide Continues.
on June 30, 2020
| By Brad Alexander
|
DJIA,
GBPUSD,
USDCAD,
US30,
NZDUSD,
USOil,
WTI,
Technical Analysis,
Descending Triangle,
Ascending Triangle,
Market Blast,
Stochastic Oscillator,
Bollinger Bands
Welcome to this week’s Market Blast Technicals where we will look at WTI (US Oil), USDCAD, NZDUSD, GBPUSD, and the DJI (US30).
Read MoreEarly Non-Farm Payrolls. UK Infrastructure Spending Plans.
on June 29, 2020
| By Brad Alexander
|
GBPUSD,
US30,
US100,
EURGBP,
Non-Farm Payrolls,
Fundamental Analysis,
S&P 500,
NASDAQ,
US500,
USDCNH,
Market Blast
Welcome to this week’s Market Blast Fundamentals where we will look at USDCNH, the S&P 500, the NASDAQ, EURGBP, and GBPUSD.
Read MoreSterling in Downtrend. WTI at Key Fib Resistance.
on June 23, 2020
| By Brad Alexander
|
EURUSD,
GBPUSD,
USDMXN,
USOil,
WTI,
GBPCAD,
Fibonacci,
Descending Triangle,
GBPJPY,
Market Blast
Welcome to this week’s Market Blast Technicals where we will look at GBPJPY, GBPCHF, GBPUSD, EURUSD, WTI (US Oil), and USDMXN
Read MoreCrude Edging Higher. New Zealand Interest Rate this Week.
on June 22, 2020
| By Brad Alexander
|
USDJPY,
GBPUSD,
Brexit,
NZDUSD,
USDMXN,
USOil,
WTI,
Brent Crude,
Coronavirus,
Market Blast
Welcome to this week’s Market Blast Fundamentals where we will look at USDJPY, GBPUSD, USDMXN, NZDUSD, and WTI (US Oil).
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On Tuesday last week we covered the AUDUSD which spent the remainder of the week continuing to ease lower back down below the key 0.6850 level. Two weeks ago, the AUDUSD reached its highest level this year just above 0.7050 however it ran into a wall of resistance at this key level which has previously offered stiff resistance to the AUDUSD last year. It has since eased from that resistance but enjoyed some support from another key level in 0.6850 which has propped it up a little however it has now eased below this level.
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In the last week or so the GBPUSD has fallen sharply from a three month high above 1.28 back down below the key 1.25 level. In doing so, it has returned to a range where it has spent the best part of the last three months. In the prior three weeks the GBPUSD rallied from a six week low below 1.21 back up to the key 1.23 level where it has met resistance however on this occasion it was able to push higher. It surged higher to 1.25 before breaking through to around 1.2650 which has now resisted prices on several occasions in the last two months, before pushing through to the three month high.
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