Technical Analysis

The Pound Sterling has been constrained by a descending channel against the Japanese Yen after the pair touched the upper boundary on February 2. Following a breakout from the upper trend-line, the cu...
Technical Analysis

Despite flashing bullish signals on Tuesday, the bearish momentum took over the market during the first part of the day, as the Euro managed to gather enough momentum to breach the 200-hour SMA and th...
Technical Analysis

Today, the Sterling could continue trading between the 55– and 200-hour SMAs slightly below the 1.40 mark. The northern side is also restricted by the weekly and monthly PPs, while the southern area...
Technical Analysis

The US Dollar continues to gain momentum against the Yen for the third consecutive session. The previously-drawn narrow channel up held strong on Tuesday even when the pair breached several notable re...
Technical Analysis

Tuesday's morning session was spent calmly, as the pair was fluctuating between the 23.60% Fibo and the weekly PP. This still movement changed later in the day when a strong hourly plunge allowed for ...
Technical Analysis

The AUDUSD pair had tried to build a base of support around the 0.78900 level after price moved above this area on the 14th of February. However, the level was breached from above yesterday and, after...
Technical Analysis

AUDUSD is nicely falling away from 0.7988 level, where corrective blue wave b found a top. We can see that Fibonacci ratio of 61.8 also proved to be good region of resistance and helped push price low...
Technical Analysis

NZDUSD (0.7334): The New Zealand dollar has been gradually posting a decline with price action now trading close to the 0.7333 level of support. As long as the support holds NZDUSD could remain biased...
Technical Analysis

GBPUSD (1.3985): The GBPUSD closed with a doji yesterday but price action remains biased to the downside, targeting 1.3902. For the moment, the consolidation taking place at the current levels could i...
Technical Analysis

EURUSD (1.2331): The EURUSD continued to post declines for the third consecutive day yesterday. However, price action is limited within the range established in the past month. Currently, EURUSD is se...
Technical Analysis

Yesterday, the price of bitcoin surged to almost $12,000, a level it last touched months ago. The surge was attributed to several positive news that came out this week. On Monday, the state of Wyoming...