OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: Technically speaking Brent Crude looks bullish ahead - Nomura

FXstreet.com (Barcelona) - Nomura Strategist Saeed Amen has taken a look at Brent Crude from a purely technical perspective.

Looking at a daily chart, he sees that spot is down on the week but he is retaining his bullish view. He adds that spot was also unable to break through the downside and further, RSI bounced off very low levels, suggesting that we have reached a local low already. He finishes by writing, “Bandwidth is falling, indicating that spot is likely to range. Hence, a retracement back higher within the range looks likely.”

Forex Flash: NZD is on a slippery slope - HSBC

David Bloom, Head of FX Strategy at HSBC feels that NZD is on a slippery slope.
Read more Previous

Forex: EUR/JPY bounces after 150-pip drop

The euro saw an over 150-pip slide against the yen after failure to overcome the 125.75 area and mixed US data put the cross under pressure during the New York session.
Read more Next
Start livechat