Technical Analysis

The yellow metal continues to move in range between the 23.6% and the 50% retracement levels, is trading at the half of this sideways movement. Is pressuring the outside sliding parallel line (SL), a ...
Technical Analysis

Price is trading in the red on the short term and is expected to drop much below the 110.00 psychological level if will have enough direction energy to take out the support from 110.61 previous low. S...
Technical Analysis

Price increased in the morning and looks motivated to approach and reach new highs in the upcoming days. USD drops further versus all its rivals ahead the US data, another disappointment in the aftern...
Technical Analysis

The markets were seen trading subdued yesterday with thelack of any tier-one data. Economic data, for the most part, was to do with flash manufacturing and services PMI numbers out of the Eurozone and...
Technical Analysis

Most JPY crosses have been fairly faithfully retracing a consolidation pattern over the past few months and the GBPJPY is no exception to this. However, unlike the more often quoted USDJPY, the GBPJPY...
Technical Analysis

Price decreased in the second part of the day and erased some of the morning impressive gains, the bulls look exhausted on the short term, so a minor retreat is favored. Price could drop further in th...
Technical Analysis

The Brent Oil rebounded today and tries to stay in the buyer’s territory, is located above the 48.50 level, but he needs a bullish spark to be able to resume the short term throwback. Price rallied ...
Technical Analysis

The currency pair decreased after the yesterday's massive drop, but this bounce back could be only temporary if the if the dollar index will slide further in the upcoming period. Price has touched the...
Technical Analysis

After returning to daily resistance, one thing we haven't talked about in GBP/JPY, is the huge ascending triangle pattern that has formed. If you compare where we are now to the horizontal resistance ...
Technical Analysis

The pair dented psychological 1.2500 support on fresh extension of broader downtrend on Monday. Loonie received support from better than expected Canada wholesale sales, keeping very firm tone against...
Technical Analysis

NZD/USD stays higher and could hit new highs in the upcoming days if the USDX will stabilize below the 94.00 psychological level. Price rallied aggressively in the last days and jumped above the 0.737...
Technical Analysis

USD/CAD dropped a little today because is still under massive selling pressure, but most likely will find a strong support in the upcoming days and will start a rebound. Technically, we should have a ...
Technical Analysis

The EUR/GBP drops a little after the impressive rally, but maintains a bullish bias despite the minor correction. Is trading near 0.8930 level, much below the 0.8993 yesterday's high, the Euro lost si...
Technical Analysis

The USDCHF had a bearish momentum last week bottomed at 0.9438. We have a bearish pin bar as you can see on my daily chart below, indicates that price is ready to continue the bearish run after a reje...
Technical Analysis

The USDJPY continued its bearish momentum last week, broke below the daily EMA 200 and 111.45 key support as you can see on my daily chart below. This fact gives us further confirmation of bearish con...