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Technical Analysis

The common European currency continued to trade against the US Dollar in the descending channel pattern, which formed as a result of the pair bouncing off the resistance of the long term pattern's upp...
Technical Analysis

The GBP/USD currency pair experienced more weakness on Monday, causing the exchange rate to drop below the 1.27 handle. As a result, the monthly S2 at 1.2624 has become the main support now, which sho...
Technical Analysis

The yellow metal no longer trades in the borders of any short or medium term pattern, as the commodity price has broken out of the short term descending channel in the previous 24 hours. The metal's f...
Technical Analysis

Short term GBPJPY Elliott Wave view suggests the decline from 5/10 high shows a 5 swing sequence, thus favoring more downside. Decline from 5/10 high is unfolding as a double three Elliott Wave struct...
Technical Analysis

The pound sterling was headed for the biggest drop in a year after it emerged that the ruling Conservative Party has fallen short of a general majority after UK Election (GE 2017), just 10 days before...