Igor Titara's Picture

Igor Titara is a Forex trader and a market analyst holding a Degree in Mathematics&Statistics. His work includes fundamental and technical reports on various currency pairs, gold and silver.

7 posts Igor Titara

Outlook for USD/CAD, March 28th

  Price action shows that USD declined against CAD during over the week. Monday, the price matched a peak at 1.1247 , resistance zone and sellers took control of market with higher participation , making the dollar even more lower. The currency pair found a temporary support at 1.1020 (Asiatic

EUR/JPY Technical Overview, March 27th

  EUR declined by 0.20% against JPY on Wednesday. If there is good news for the US economy on Thursday, currencies pairs EUR/JPY and USD/JPY could gain muscles. The currency pair is actually slightly oversold. Is there reason to believe that a bullish reversal coming up ? Technically,

New Zeland Trade balance will determine what's the next curve.

  NZDUSD started this week in demand and bullish traders are collecting gains with ComDolls – a term used for "Commodities Dollars". A weaker dollar helped currencies like NZD and AUD to become attractive by traders and investors. Wednesday,the target reached by New Zealand dollar was at

Engulfing Bullish - XAUUSD

  Tuesday will be an interesting day for determine how strong (or weak ) the dollar are. The US consumer confidence is forecasting 78.60 from 78.10. A Positive result will be a good opportunity to short Gold. According to Trading Central the downside is the major trend. "Gold

Euro Heads Lower due to PMI

Euro slipped lower on Monday after PMI data. The lowest price target touched by EURUSD was 1.3773. Shall we consider this price as a support zone ? The 4H chart indicates a bearish outlook for Monday as much as you can see a bearish pattern. Fundamentally, March China PMI showed

GBP/USD Faces More Drops in Short Term

  After the gains of the dollar on Wednesday and Thursday, GBPUSD decline can shift into lower gear. According to downtrend of this week, sell GBP at 1.6520 with 40/50 pips as next target. Today, there is no revelant US report. So, the market will be thin. It

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