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Technical Analysis

After reaching the northern boundary of a one week long ascending channel the yellow metal made a rebound and started to decline against the American Dollar until the pair found a support set up by th...
Technical Analysis

As it was expected, the currency exchange rate reached and bounced off from the monthly S1 located at the 108.82 level. In result of this action, the junior short-term channel has been broken. ...
Technical Analysis

The British Pound is continuing to lose value against the US Dollar in a four day long descending triangle pattern. The figure formed in result of traders' reaction on announcement of the UK CPI last ...
Technical Analysis

In line with expectations, the EUR continued to advance against the USD until the pair has encountered a combined resistance level set up by the updated weekly PP and the 200-hour SMA. As a result, th...
Technical Analysis

USD/JPY is trading in the red right now and looks determined to take out the dynamic support from the first warning line (wl1) of the ascending pitchfork. The breakdown will attract more sellers on th...
Technical Analysis

Price could drop again in the upcoming period after the retest of the fourth warning line (wl4). The USD will take the lead again if the USDX will breakout above the 93.81 static resistance. I’ve sa...
Technical Analysis

The USD/CHF increased and is trying to recover after the last downside movement.Is trading in the green and looks determined to resume the Friday’s bullish candle. Price was rejected by a strong dyn...
Fundamental Analysis

The Japanese Yen has strengthened significantly against the USD recently. On Friday, the USD/JPY pair was trading at 109.04. By now, the instrument has broken the support level at 109.40, which was co...
Fundamental Analysis

The USD/CAD fell significantly in the wake of reports on Friday showing that the yearly growth of consumer inflation in Canada rose as much as anticipated in July. As the 5 minute chart shows, after t...
Technical Analysis

USDJPY (109.26): The Japanese yen strengthened strongly against the U.S. dollar last week as price fell back to the support level at 109.15. This was the same support level that price managed to post ...