Technical Analysis

EUR/USD lies in a bullish trend. Hourly resistance can be found at 1.2092 (08/09/2017 high) while hourly support lies at 1.1823 (31/08/2017 low). Stronger support is given at a distance at 1.1662 (17/...
Technical Analysis

Price edges higher and jumped above the 1.1536 static resistance, a valid breakout will confirm a further increase in the upcoming period. The next upside target will be at the fifth warning line (WL5...
Technical Analysis

Price has dropped sharply in the last two days and has managed to drop below the uptrend line and much below the warning line (WL1) of the major descending pitchfork. Remains to see if this will be a ...
Technical Analysis

The currency pair has rallied aggressively and has managed to escape from a minor ascending channel, signaling that the bulls are in full control and should drive it much higher. The Yen is demolished...
Technical Analysis

In line with expectations, the yellow metal continued to lose value against the buck yesterday, in the process crossing the weekly S1 at 1,310.77. From a daily perspective, the downfall should continu...
Technical Analysis

As it was expected, a steady horizontal movement represented an anticipation of the speech that was delivered by Governor Carney yesterday. On the one hand, it did not let to the anticipated appreciat...
Technical Analysis

The USDJPY is losing bullish momentum, despite continuing to trade at elevated levels around the 111.50 handle, as price-action continues to struggle to find traction above the pairs calculated monthl...
Technical Analysis

The British pound fell below the 1.3500 level during the late European trading session, hitting 1.3464, after Bank of England Governor Mark Carney delivered a hawkish speech on UK interest rate increa...
Technical Analysis

NZDUSD Short Term Elliott Wave view suggests that the Index shows a 5 swing sequence from 8/31 low favoring further upside. Rally from 8/31 low (0.7128) is unfolding as a double three Elliott Wave str...
Technical Analysis

XAUUSD (1308.70): Gold prices have posted a steady decline with price action gapping lower below 1324.72. We expect the downside momentum to see further declines that could send gold prices down to te...
Technical Analysis

USDJPY (111.49): USDJPY has posted strong gains in the past few sessions. The gains saw prices rallying to recover above the 111.00 resistance level. Having cleared this level, USDJPY could be seen ai...
Technical Analysis

EURUSD (1.1966): The EURUSD managed to post some modest gains yesterday as price action was seen recovering back to 1.1954. On the 4-hour chart, we see a potential inverse head and shoulders pattern t...