Technical Analysis

On Monday morning, the common European currency had slightly retreated against the US Dollar, as the currency exchange rate retreated down to the combined support of the 61.80% Fibonacci retracement l...
Technical Analysis

On Friday, GBP/USD breached the upper Bollinger band and closed as high as the 1.3042 mark. The Pound opened lower today and has since demonstrated strong downside momentum, dashing through the weekly...
Technical Analysis

This trading week has started with the US Dollar appreciating slightly against the Yen. The closest upper limit is set by the 55-day SMA at 111.72. The given resistance was strong enough not to pass t...
Technical Analysis

The yellow metal remains above the 1,250 level, and it is still positioned for additional gains in the near future. The reason for that is the fact that the bullion is above a strong support cluster, ...
Technical Analysis

Dollar remains weak with more downside left and the majors may rally further . As expected, Dollar Index (97.17) resumed its downtrend after barely a day of pause and tested 97.00 in the last session...
Technical Analysis

EURUSD - With the pair rallying to close higher the past week, more strength is expected in the new week. Resistance comes in at 1.1250 level with a cut through here opening the door for more upside t...