Technical Analysis

A suggestion expressed yesterday was basically confirmed. The yellow metal indeed continued to lose value against the buck. The only exception was that it made a rebound not from the weekly S3 but a l...
Technical Analysis

The USDJPY pair has surrendered much of Wednesday's strong gains, after North Korea threatened to detonate its most powerful Hydrogen bomb yet, into the Pacific Ocean. Investors have moved back into t...
Technical Analysis

The EURUSD pair is turning increasingly bullish ahead of the weekend's Federal election in Germany. Yesterday, the euro regained bullish momentum after Wednesday's steep decline, reversing sharply fro...
Technical Analysis

USDJPY (111. 76): Following a string of consecutive gains, USDJPY was seen easing back earlier today. This comes after the US dollar posted a two-month high yesterday. In the short term, support at 11...
Technical Analysis

GBPUSD (1.3580): The British pound extended gains once again yesterday breaking past the bullish flag pattern. Price action is critically trading below the resistance level of 1.3589. A breakout above...
Technical Analysis

EURUSD (1.1953): Following a sharp decline of the 1.1950 level, the EURUSD managed to recover. Price action remains firmly range bound within the 1.2058 and 1.1822 levels of resistance and support. On...
Technical Analysis

USD/CAD drops after another failure to reach the upper median line (uml) of the minor ascending pitchfork. A retest of the median line (ml) will signal a drop towards the lower median line (lml) of th...
Technical Analysis

The NZD/USD drops further and should hit the 38.2% retracement level, which represents a very important static support. Remains to see if will break this or will bounce back and will try once again to...
Technical Analysis

The currency pair has dropped sharply in the morning and seems poised to start a corrective phase. The Yen has taken the lead again as the Nikkie stock index plunges after the impressive rally. Techni...