Are you following the FOREX.com Research Team on Twitter? If not, you are missing up to the minute updates about market moves, insight in to what, when, why, and where of market moves, as well as links to easily accessible published material as soon as it is finished. Just in case you missed some of our most popular tweets of the week, here’s a Top 5 countdown to catch you up to speed.
5. (tie) 9 RETWEETS AND 5 FAVORITES = 14 ACTIONS
Fawad correctly foresaw that the IBEX was heading higher after it cleared its “major hurdle,” but it didn’t quite get all the way up to 11750 (yet) as it paused near 11625 before retracing back down to 11300.
5. (tie) 10 RETWEETS AND 4 FAVORITES = 14 ACTIONS
The USD/CAD has been one of the strongest performers in terms of USD strength as we end the week. The range that I pointed out in this article held firm and this pair has already rallied back up to 1.26 in the process.
4. 11 RETWEETS AND 3 FAVORITES = 14 ACTIONS
Once again Fawad nailed his analysis, but this time it was on the EUR/GBP. The 0.7370/80 level was too resistant to the pair as it fell all the way down to 0.7265 after being rejected.
3. 7 RETWEETS AND 8 FAVORITES = 15 ACTIONS
The thought that the GBP/USD could rally back up to 1.49 and be rejected off former support turned resistance due to the break of an Ascending Triangle pattern has come to fruition as we take a pause for the weekend. We’ll have to keep our victory cigars holstered for the time being though as this move is still in its infancy.
2. 12 RETWEETS AND 8 FAVORITES = 20 ACTIONS
The EUR/USD was a popular subject to tweet about this past week due to its unexpected strength in the face of relentless Quantitative Easing from the European Central Bank. The run back up to 1.10 has given many prognosticators pause as to the likelihood of parity in the near future, but there are even more hurdles remaining for this pair to the topside as Fawad eloquently points out in this article.
- 1. 20 RETWEETS AND 9 FAVORITES = 29 ACTIONS
In what was easily the most popular tweet of the week for us was this one in which I pointed out that the EUR/USD was in an area where a strong move was destined to take place. If it broke though this resistance level with force, the next level of resistance was near 1.12, but if it was rejected once again, 1.07 looked like the destination. As we end the week, this decision is still being made as neither a significant break higher nor lower has materialized, but 1.10 still looms as major resistance.
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