Technical Analysis

As it was expected, the currency exchange managed to break below both the psychological 113.00 level as well as the weekly S1 located at 112.86. A release of better than expected American retail sales...
Technical Analysis

During the past two weeks, the Australian Dollar has weakened against its Canadian counterpart. This movement downwards was confined in a falling wedge. Along the way, the Aussie likewise breached a m...
Technical Analysis

XAUUSD (1278.13): Gold prices remain range bound as price action continues to consolidate within the resistance level of 1285 and support near 1274.70. This sideways range could see a short term break...
Technical Analysis

USDJPY (113.03): The USDJPY extended the declines yesterday as price action fell to the 113.00 support level. We expect the consolidation to continue near this support as USDJPY could potentially be s...
Technical Analysis

EURUSD (1.1778): The EURUSD rallied to a 4-week high yesterday as price tested the resistance level area of 1.1841 - 1.1822. However, price closed on a bearish note near this resistance level indicati...
Technical Analysis

The euro has declined against the U.S dollar, touching 1.1767, as global stocks and the U.S dollar index start to recover after better U.S data and political news. The EURUSD pair currently trades aro...
Technical Analysis

SPX Intra Day Elliott Wave view suggests that the rally to 2597.02 ended Intermediate wave (3). Intermediate wave (4) pullback is currently in progress as a double three Elliott Wave structure. Down f...
Technical Analysis

As I have showed in my previous Gold Spot analysis, the price rejected from the POC zone, making a push higher. The price followed the continuation move and now we have another POC formed for possible...