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...
Technical Analysis

The yellow metal is going down like a rock and is expected to reach the 38.2% retracement level. Actually, it could hit the confluence area formed at the intersection between the 38.2% retracement lev...
Technical Analysis

Brent Oil resumes the upside movement and should approach and hit the median line (ML) of the major ascending pitchfork in the upcoming days. Price ignored the higher Crude Oil Inventories and is almo...
Technical Analysis

The EUR/USD has managed to rebound and to climb much higher again. Price continues to move in range on the short term, but I hope that we’ll have a significant move very soon. Technically, it was ex...
Technical Analysis

Zigzag is a 3 waves corrective pattern which is labelled as ABC. The subdivision of wave A is in 5 waves, either as impulse or diagonal. The subdivision of wave B can be any corrective structure. Fina...
Technical Analysis

The currency pair seems too exhausted to climb much higher at this moment, so it could come down to retest a support level before will reach and retest a support level. It looks undecided right now al...
Technical Analysis

USD/CHF resumes the upside momentum and seems poised to reach fresh new highs in the upcoming period. Has finally managed to make an aggressive breakout, which will lead the rate at least till the upp...
Technical Analysis

Price is trading in the green after the yesterday's minor decrease. A valid breakout above the 150% Fibonacci line (ascending dotted line) will confirm a further increase. The next upside target will ...
Technical Analysis

Price-action has reclaimed the 1.1900 handle on the EURUSD pair, ahead of today's key note speech by European Central Bank President Mario Draghi, at the second ESRB annual conference in Frankfurt, Ge...
Technical Analysis

Sterling is turning lower, after failing to move above the pairs key 50-hour moving average, at 1.3515. The British pound is also coming in-line with the broader intraday theme of overall U.S dollar i...