OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: Gilts eying 20-day MA – RBS

FXstreet.com (Barcelona) - According to Dmytro Bondar, a Technical Strategist at RBS, “Gilts met the initial target of 119.93 but fell short of 120.52 and formed a major reversal candlestick pattern (higher high, lower low, lower close) known as an outside session. It changes the view and suggests that should the 20-day MA and 119.27 level be broken, there would be strong chances of turning bearish with targets of 119.00 and 118.61. A sustained price above 120.00 makes it constructive again.”

Forex Flash: Commodity-based face headwinds – UBS

UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's commodity-based currencies and outline the technical positions.
Read more Previous

Forex: USD/MXN testing lows after rate decision, trade surplus

The Mexican peso is inching higher against the greenback on Friday after the Banxico (Mexican central bank) left the benchmark rate unchanged at 4.0%, matching consensus...
Read more Next
Start livechat