Technical Analysis

Silver has reversed and has broken uptrend channel by breaking support implied by its lower bound. Strong resistance is given at 18.65 (17/04/2017 high) while support can be found at 16.58 (15/08/2017...
Technical Analysis

Gold is consolidating above 1300. Hourly support is given at 1298 (31/08/2017 low). Hourly resistance is located at 1357 (08/09/2016). Stronger support lies at 1204 (10/07/2017 high). Expected to show...
Technical Analysis

EUR/GBP is bouncing back after recent strong decline. However, as long as prices remain below the resistance at 0.9176 (declining trendline), the short-term technical structure is biased to the downsi...
Technical Analysis

USD/CAD is edging higher. Hourly support is located at 1.2062 (08/09/2017 low). Resistance is now given at a distance at 1.2239 (intraday high). Expected to show continued short-term bearish pressures...
Technical Analysis

USD/CHF keeps on bouncing. Strong resistance is given at 0.9808 (30/05/2017 high). The technical structure shows that the the pair is likely to head further lower below 0.9421 (03/05/2017). Expected t...
Technical Analysis

GBP/USD is consolidating lower after recent surge. Hourly resistance is given at 1.3619 (18/09/2017 high). Strong support is given at 1.2774 (24/08/2017 low). Expected to show continued bearish consol...
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

We haven't seen much of the moves recently as markets awaits FOMC rate decision and press conference later today at 18.00 GMT. Technically speaking the US dollar remain bearish ahead of the event and ...
Technical Analysis

Contrary to expectations, the pair did not try to test a strong support level near the 1,300.00 mark. In contrast, it made a premature turn-around and bypassed the weekly S1 at 1,310.77 as well as the...
Technical Analysis

In line with expectations, a pressure from the 55- and 200-hour SMAs, better than expected German release as well as general informational background helped to pair to make a breakout from an ascendin...