Windsor News & Research Blog - Forex Market Analysis & Trading Insights

The Euro stands at the back foot on Tuesday and accelerated through support at 1.2380 (20SMA), triggering fresh extension of bear-leg from 1.2555 (16 Feb high) after Monday's action ended in Doji, signaling indecision. Studies on lower…
Read More...

The US dollar rallied against its Canadian counterpart on Friday, boosted by upbeat US housing data, while loonie came under pressure on weaker than expected Canada's data. US building permits rose by 7.4% in January, compared to -0.2% in…
Read More...

Extension of steep rally from $3.0250 (09 Feb low) resulted in break above double top at $3.2565/60 (25 Jan / 05 Feb highs) on Friday, signaling that bulls could extend towards key near-term barrier at $3.3200 (28 Dec peak / the highest…
Read More...

Spot Gold is holding just under new three-week high at $1361, maintaining strong bullish sentiment and focusing key near-term barrier at $1366 (25 Jan peak, the highest since early Aug 2016).The yellow metal is strongly supported by weak…
Read More...

WTI rose further on Friday, extending recovery from $58.06 higher base, driven by weaker dollar and renewed optimism over OPEC-led efforts to stabilize oil markets on global production cut. Oil price maintains bullish stance which was…
Read More...

The Australian dollar rose to new two-week high on Friday in extension of recovery rally from 0.7758 (09 Feb low). Broader weakness of US dollar drives the Aussie higher to pressure pivotal 0.80 resistance zone (Fibo 61.8% of 0.8135/0.7758…
Read More...

The Euro cracked key near-term barrier at 1.2537 and hit new high at 1.2555 (the highest since Dec 2014) on Friday. Eventual push through 1.2537 pivot marked full retracement of 1.2537/1.2205 corrective phase and signaled continuation of…
Read More...

The pair stays firmly in red and extends weakness below 106 handle on Friday to post new low at 105.54 (the lowest since early Nov 2016). Strong bearish signal was generated on Thursday's close below key double-Fibonacci supports at…
Read More...

Sterling maintains firm tone in early Friday's trading and extends steep recovery leg from 1.3764 (09 Feb correction low) into fifth straight day, posting new nearly recovery high at 1.4144 (the highest in nearly two weeks). Strong bullish…
Read More...

The pair accelerated lower in early hours of US session, pressuring 15-month low at 106.17, posted earlier today, after limited recovery stalled at 106.80. Break below key supports at 106.66/51 (Fibo 38.2% of 75.65/125.84, Oct 2011/June…
Read More...