Technical Analysis

The EURUSD pair is tentatively trading above its calculated weekly pivot point, located at 1.1938. Traders should watch this level closely for further confirmation of the euros intraday directional bi...
Technical Analysis

The British pound risks a possible price correction against the U.S dollar, with BOE Governor speaking today and bearish MACD divergence forming on the price charts over the lower- time frames. ...
Technical Analysis

Brent Oil moves higher within the ascending channel and should hit new highs in the upcoming period. Technically is showing some exhaustion signs, but nothing significant. The Friday's failure to reac...
Technical Analysis

EUR/JPY is trying to breakout from the confluence area formed at the intersection between the median line (ml) with the second warning line (descending dotted line) of the minor descending pitchfork. ...
Technical Analysis

The USD/JPY has opened with a gap up signaling that the bulls are in full control. Price is approaching a major dynamic resistance, but a breakout is favored as the Yen is demolished by the Nikkei's b...
Technical Analysis

EUR/CHF has posted significant gains in the morning and tries to stay higher after the failure to reach and retest the 1.1536 previous high. I’ve drawn a minor descending pitchfork hoping that I’l...
Technical Analysis

Price has rallied after the retest of the lower median line (lml) of the minor ascending pitchfork. Technically, the perspective remains bullish as long as is trapped within the minor ascending pitchf...
Technical Analysis

The Gold price has dropped further on the short term and could resume the minor retreat if the USDX will have enough energy to climb higher in the upcoming period. Price is trading right below the $13...
Technical Analysis

GBPJPY (151.15): Having posted strong gains last week, the GBPJPY has broken out from the ascending triangle pattern on a weekly timeframe. This puts the minimum upside to 159.75. However, ahead of a ...
Technical Analysis

GBPUSD (1.3593): The British pound rallied strongly after rate hike expectations from the BoE found renewed optimism. GBPUSD close at 1.3588 by Friday's close. The cable now remains within a few pips ...
Technical Analysis

The US dollar was seen giving up some of the gains by Friday's close, but the US dollar index was seen supported above the multi-year support level of 91.44. As a new trading week unfolds, all eyes ar...