Technical Analysis

Copper contract for July delivery maintains firm tone and heads higher after Wednesday's upside rejection at $2.9040 (2-year high) and subsequent shallow pullback on profit taking. Strong bullish sent...
Technical Analysis

NZD/USD touched new highs today, has climbed as much as 0.7557 level, much above the 0.7528 yesterday's high, but failed to stay there and now is challenging the third warning line (WL3). Only a vali...
Technical Analysis

Price increased sharply after the FOMC and jumped much above the first warning line (wl1) of the minor ascending pitchfork, but found strong resistance at the 150% Fibonacci line (ascending dotted lin...
Technical Analysis

Price has posted important gains in the last hours and is trying to stay higher as the USDX has managed to erase the morning gains and to recover after the morning sell-off. The dollar index is tradi...
Technical Analysis

The common European currency was positioned to suffer losses against the US Dollar on Wednesday morning. However, that did not occur, as due to the US Federal Reserve the EUR/USD currency exchange rat...
Technical Analysis

Contrary to the relatively flat movement sideways that was apparent during the last two trading days, the Pound surged against the US Dollar mid-Wednesday after not being able to pass through the week...
Technical Analysis

Thursday's morning started relatively calm, as USD/JPY was driven by low volatility for most of the session. It met resistance at the 200-hour SMA which was eventually breached, thus allowing the US D...
Technical Analysis

Most patterns and technical analysis in general has become obsolete on the XAU/USD chart. As the FOMC Statement was released, the US Dollar fell all across the trading board. In regards to the price o...
Technical Analysis

Crude Oil is trading higher Hourly support is given at 45.40 (24/07/2017 low). Strong resistance given at 50.28 (29/05/2017). Expected to show further bearish consolidation before another leg higher. ...
Technical Analysis

Silver is pushing higher after the bounce from hourly support given at 15.18 (10/07/2017 low). Key resistance is given at a distance at 17.75 (06/06/2017 high). The commodity continues its short-term ...
Technical Analysis

Gold continues to grow. Strong support is given at 1204 10/07/2017 high). Hourly resistance at 1258 (23/06/2017 high) has been broken. Expected to show continued strengthening. ...
Technical Analysis

Bitcoin's volatility has declined. Strong resistance can be found at 3000 (12/06/2017 high) and hourly support lies at 2403 (26/07/2017 low). Further retracement are expected. ...
Technical Analysis

EUR/CHF is still trading above psychological level at 1.1000 and the pair is headong towards 1.1200. Selling pressures will likely grow around those levels. Hourly support is located at a distance at ...
Technical Analysis

EUR/GBP is very volatile. The pair is consolidating lower. Hourly support is given at a distance at 0.8742 (16/06/2017 low). Downside risks are important. In the long-term, the pair has largely recove...
Technical Analysis

AUD/USD's technical structure has finnaly not reversed. Hourly resistance given at 0.7989 (19/07/2017 high) has been broken. Hourly support given at 0.7875 (21/07/2017 low). There is no sign that the ...