Technical Analysis

The main driver for Euro (1.0607) in the recent times has been the French election and a collapse of the centre-right candidate Francois Fillon's campaign has shot it up to the 3-week high and our res...
Technical Analysis

The EUR/USD pair closed the week a 1.0620, with the American dollar down on Friday, despite Fed's Yellen pretty much confirmed a March hike. The head of the US Central Bank spoke about the US economic...
Technical Analysis

As can be seen from the H4 chart this morning, price failed to sustain gains beyond the H4 mid-way level 1.0550 and concluded the day pushing through both the H4 trendline support extended from the lo...
Technical Analysis

The surging probability of a rate hike in the 14-15 Mar’17 Fed meet (seen at 75% now) is keeping the Dollar firm against the other currencies though Rupee is guided primarily by the domestic factors...
Technical Analysis

To end the week, we take a quick look at a 4 hourly level in the Loonie. We haven't featured USD/CAD on the blog for a while, so lets take a look at this major level on the 4 hourly that jumps out at ...
Technical Analysis

Inflation has made a dramatic return in the Eurozone. In February, the headline CPI measure rose to 2.0% year-over-year, accelerating from 1.8% in January. For the third consecutive month, this was hi...
Technical Analysis

During the early hours of Thursday's trading session the common European currency continued its way lower against the Greenback in accordance with the previous forecast. Previously, during Wednesday's...
Technical Analysis

The Cable experienced another decline on Wednesday, with concerns over Brexit continuing to weigh on the British Pound. Another slide down is expected, which would be the fifth consecutive one, with t...
Technical Analysis

Expectations of the Fed raising rates in March caused the US Dollar to strengthen against a basket of currencies on Wednesday, particularly against the Yen. The US Dollar, however, was unable to recla...
Technical Analysis

On Thursday the yellow metal traded below the combined resistance cluster of the 50.00% Fibonacci retracement level at 1,248.96 and the weekly PP, which is located at 1,247.55 level. Previously, durin...
Technical Analysis

The EURUSD attempted to push lower yesterday bottomed at 1.0514 but closed a little bit higher at 1.0546. As you can see on my H4 chart below, price is moving inside a bearish channel suggests a beari...