OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: Bunds remain on bullish path – RBS

FXstreet.com (Barcelona) - In a sideway market, momentum oscillators become more importantly – “presently there are however mixed signals from oscillators for Bund movements, as the slow stochastic has turned bullish again despite being in overbought region, while RSI exited overbought conditions.” notes Technical Strategist Dmytro Bondar at RBS.

“In practice, it suggests the market’s likely to continue advancing while above the 20- day moving average. Support at 145.80 should limit minor pullbacks, while 145.46 and the 20-day MA are to be seen as main support/risk level. I believe there is more upside likely, targeting 146.90 and longer-term 147.63, 148.09 and 148.44. The caveat is a break below 20-day MA.” Bondar adds.

Forex Flash: COT Gross longs cut - BBH

Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman has taken a look at the recent COT numbers and made a number of observations.
Read more Previous

Greece Current Account (YoY): €-0.716B in Feb from €-0.222B in Jan

Read more Next
Start livechat