Technical Analysis

The euro has reclaimed the 1.2000 handle against the U.S dollar, ahead of today's Federal Reserve interest rate decision. The EURUSD pair has so far reached 1.2019, with price-action falling just shor...
Technical Analysis

XAUUSD (1312.44): Gold prices were slightly bullish yesterday, but price action suggests cautious trading. The modest reversal off the lows near 1305.00 suggests a minor correction to the upside. Resi...
Technical Analysis

GBPUSD (1.3522): GBPUSD has been seen consolidating after price touched highs of 1.3566. The consolidation in price action suggests a bullish flag pattern that has formed. A range has also been establ...
Technical Analysis

EURUSD (1.2008): The euro currency posted steady gains for the past five consecutive days with price action breaking above 1.1954. On the 4-hour chart, the inverse head and shoulders pattern that was ...
Technical Analysis

Gold has come back to retest the broken uptrend line and the first warning line (WL1) of the major red descending pitchfork. Is traded above the $1312 per ounce and could climb much higher if the USD ...
Technical Analysis

USD/JPY decreased a little in the Asian session after another failure to close above the 38.2% retracement level. It could come down to retest the WL3 before will climb much higher. Technically, it is...
Technical Analysis

The currency pair has increased in the morning, but failed to reach the 0.7343 previous high and an important dynamic resistance. The sellers have stepped in again and have forced the rate to erase th...
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

AUD/USD rallied on Tuesday and tries to stay within the minor ascending pitchfork’s body. Has failed to reach and retest the lower median line (LML) of the major ascending pitchfork. Technically, it...
Technical Analysis

The pair has resumed the yesterday's bullish candle, but remains to see if will have enough directional energy to climb much higher. Price is pressuring the median line (ml), remains to see if will ha...
Technical Analysis

The GBP/USD posted some gains on Tuesday, but seems too overbought to stay near the 1.3618 previous high. The pair is still located in the green area, so it could climb towards new peaks after a minor...
Technical Analysis

Gold prices continued to edge lower this week, amid a general risk-on environment. Indeed, major US equity indices continued to post fresh all-time highs this week, while safe haven assets tumbled. A ...
Technical Analysis

The currency pair is trading in the red right now and tries to retreat a little after the yesterday's amazing rally. Remains to see what will happen later as the United States is to release important ...