Technical Analysis

The common European currency had retreated to the 1.06 level against the US Dollar on Monday morning. At that level the currency exchange rate managed to find support, as the 55-day SMA, which is loca...
Technical Analysis

The Cable edged lower on Friday, with the psychological support around 1.2460/40 failing to limit the losses, but the demand cluster circa 1.2420 succeeding. However, the GBP/USD pair opened with a sm...
Technical Analysis

The USD/JPY currency pair followed a less positive for the Greenback path on Friday, having fallen under the 113.00 threshold after successfully maintaining trade above it for a whole week. The given ...
Technical Analysis

The yellow metal remained almost unchanged during the early hours of Monday's trading session, as the bullion's price stayed near the 1,235 mark. However, gold attempted to move higher on Friday, as t...
Technical Analysis

The EURUSD was indecisive last week. Price attempted to push lower bottomed at 1.0521 but closed higher at 1.0610. The bias is neutral in nearest term. Immediate support is seen around 1.0590. A clear...
Technical Analysis

Dollar Index (100.95) has bounced back from 100.40, a bit short of our target/support of 100.20 and a break above 101.25-40 may confirm a near term bottom at 100.40. The next 2-5 sessions may find Dol...
Technical Analysis

The dollar received a vote of confidence late last week, advancing against most of its major rivals with the clear exception of the JPY, as data released during these last few days indicated a rebound...
Technical Analysis

At the end of January, Kiwi was looking very toppy as NZD/USD pushed into a confluence of resistance. Looking at the daily chart from back then, you can see price pushing into both trend line resistan...
Technical Analysis

After unexpectedly jumping during the second half of Thursday's trading session, the common European currency consolidated its position against the US Dollar on Friday morning. The future direction of...
Technical Analysis

As was anticipated, the GBP/USD pair was able to reach the 20-day SMA on Thursday, however, was unable to maintain trade at its level, ultimately retreating and closing with a 28-pip rally. The Sterli...
Technical Analysis

The US Dollar failed to outperform the Japanese Yen on Thursday, despite upbeat US fundamentals. Investors took profit of the recent rally, causing the Buck to erase Monday's and Tuesday's gains. The ...
Technical Analysis

The yellow metal traded rather flat on Friday morning, as it found support in the monthly R1, which is located at 1,237.68. The bullion retreated to that level after it stopped and reversed its surge ...