OctaFX | OctaFX Forex Broker
Sign in
Open account
Back

Forex Flash: Gilts target upside breakout – RBS

According to Technical Markets Strategist Dmytro Bondar at RBS, “Gilts have been testing 20-day MA, though didn’t ultimately manage to break it and stayed in the range of 115.90 – 116.75, as momentum remained neutral (the 20/5/5/3 slow stochastic is slightly oversold. However this is not a strong indication of extreme conditions and while there are no clear signals suggesting a break in either direction, a continuation of the range is expected for the time being.”

“As the 20-day MA has been the main technical limiting factor, if it gets broken, an upside move to 117.00/20 can be triggered.” he notes.

Forex: EUR/USD pierced 1.3500

The shared currency is accelerating its descent on Wednesday, piercing for a few moments the key support at 1.3500 as risk aversion is intensifying...
Read more Previous

Forex: USD/JPY down ahead of NY, options better to deal with a pullback

After erasing all gains made during the Asian session, the USD/JPY gave in to downside pressure and eased below the opening price level, of 93.63, coming to as low as 93.30 ahead of the NY session.
Read more Next
Start livechat