Technical Analysis

On Tuesday morning the common European currency surged against the US Dollar and managed to break through the resistance put up by the monthly R1, which is located at the 1.0772 level. The currency pa...
Technical Analysis

On Monday, the GBP/USD currency pair experienced a small bearish correction, after having surged for three consecutive days last week. The situation mostly remains unchanged, with the exception of the...
Technical Analysis

During the early hours of Tuesday's trading session the yellow metal's price declined and fell below the 1,230 mark. This seems to be a consolidation of positions in the aftermath of a steady surge of...
Technical Analysis

Short term Elliott Wave view in USDJPY suggests that rally to 115.48 on 3/10 ended Intermediate wave (X). Decline from there is unfolding as a zigzag Elliott wave structure in which the first leg wave...
Technical Analysis

Shortly after the open, EUR bulls rose up and took charge, lifting the major to a high of 1.0777 going into the London open. This is where things began to turn sour for the bulls. The pair fell from h...
Technical Analysis

Euro (1.0761) has been stuck in the narrow range of 1.07-1.08 for the last 4 sessions but it still remains to be seen if the resistance of 1.08 manages to push it down or not. Repeat - the current net...
Technical Analysis

Major pairs closed the day little changed, as a Japanese holiday and a light macroeconomic calendar kept investors in cautious mode. The dollar recovered from an early slide, underpinned by news that ...
Technical Analysis

Aside from a sharp rebound in late January, GBP/JPY has been entrenched in a downtrend for the past three months. This downtrend has been exacerbated in part by ongoing concerns over the impending tri...