Technical Analysis

US indexes closed in the red on Friday, with the Dow Jones Industrial Average down 31 points, to 21,580.07, the Nasdaq Composite retreating 0.04%, to 6,387.75, and the S&P ending the day 0.04% lower a...
Technical Analysis

Dollar's weakness kept gold on the run, with spot ending the week at $1,254.17 a troy ounce, a few cents below a three-week high of 1,255.64. Political jitters in the US alongside with soft local macr...
Technical Analysis

The GBP/USD pair closed the week in the red at 1.2996, as speculation that the BOE won't need to raise rates and Brexit jitters weighed on the Pound. According to the official release, inflation in th...
Technical Analysis

The USD/JPY pair edged lower for a second consecutive week, plunging on Friday to its lowest in over a month at 111.00, as soft US data and falling US Treasury yields added to US political jitters to ...
Technical Analysis

The EUR/USD pair settled at its highest since August 2015 at 1.1638, up for a second consecutive week. The bullish breakout came on Thursday, following the ECB monetary policy meeting. President Drag...
Fundamental Analysis

The Japanese has been rally strongly over the last two weeks as investors continued to discount the Fed's hawkish stance. USD/JPY broke the 111 support (psychological level and Fibonacci 61.8% on June...
Technical Analysis

AUDUSD rose to a high of 0.7987 on July 20 before steadying. The pause in the rally suggests that a temporary top is now in place as the market lost upside momentum. Looking at the 4-hour chart, the w...
Technical Analysis

GBP/USD Despite the slow pace, the bias remains positive, for a test of 1.3050, en route to 1.3130 area. Crucial on the downside is 1.2960 low and an eventual break through the latter will signal a re...
Technical Analysis

USD/JPY The downtrend remains absolutely intact and a break through 110.30 support should challenge directly 109.30 dynamic projection. Minor intraday resistance lies at 111.50. ...
Technical Analysis

EUR/USD The recent peak at 1.1682 has initiated a minor pullback and the intraday bias is negative, for a test of 1.1617 and even 1.1580 area. Major hurdle lies at 1.1720. ...
Technical Analysis

USD/CHF bounced back from the 0.9440 long term support level, yesterday we had a false breakdown below this level, but only an accumulation could give birth to another leg higher. Moves within an exte...
Technical Analysis

The EUR/CHFfailed once again to take out a major dynamic resistance and now could go down on the Daily chart. Price dropped aggressively in the yesterday’s trading session, we had another false brea...
Technical Analysis

The currency pair has decreased since yesterday and could come down to test and retest the support levels before will climb much higher. Is trading much above the 129.50 psychological level and mainta...
Fundamental Analysis

On Friday, US equities were sold off, along with USD, with EURUSD reaching its highest level since January 2015. The markets were concerned to learn that there will be a further investigation into Pre...