Technical Analysis

USD/JPY increased little in the first hour and is fighting hard to stay higher and to recover after the yesterday’s drop. Price decreased and failed to reach and retest the median line (ml) of the b...
Technical Analysis

The rate plunged and dropped much below the sliding parallel line (SL) of the descending pitchfork, but failed to stay there and has squeezed a little. Price continues to pressure the sliding line (SL...
Technical Analysis

The NZD/USD plunged aggressively in the yesterday's trading session and erased the last week's gains. Price ignored several downside obstacles and closed much below the 0.7055 previous low. However, r...
Fundamental Analysis

The Dow managed to scrimp out a new record high as investors vote for higher earnings over superstition while nudged along by Fed speculation. It's been a testy 24 hours for investors as global market...
Fundamental Analysis

We were once again reminded that this is the era of political-driven trading after a surprise coalition formed in New Zealand. The euro and Swiss franc led the way while the kiwi lagged badly. On the ...
Fundamental Analysis

The AUD/NZD has enjoyed a massive rally today, rising a good 270 pips from the low to the high. It all started with stronger-than-expected employment data from Australia, which helped to boost the AUD...
Technical Analysis

The currency pair increased sharply as the Yen was punished by the Nikkei's rally. Price resumed the yesterday's impressive bullish candle and stays above some important levels, a valid breakout will ...
Technical Analysis

The GBP/JPY moves sideways on the short term around the 148.46 static support (resistance turned into support). The Yen increased versus the Cable today also because the Nikkei stock index plunged aft...
Technical Analysis

USD/CAD moves sideways on the short term and looks determined to challenge the median line (ml) of the blue ascending pitchfork again. Now is pressuring the 1.2460 level and only a rejection will sig...
Fundamental Analysis

The common currency resumed positive dynamics following the Spanish Prime minister's comments on the possible limitation of Catalan autonomy due to the Spanish constitution. The decision about these l...
Technical Analysis

GBPUSD can be trading at the start of a three-wave recovery, which we see it as bigger degree wave two. Ideally a five-wave decline had fully unfolded within the previous blue wave one, and now a thre...
Fundamental Analysis

The Japanese yen has gained ground on Thursday, erasing most of the losses which marked the Wednesday session. In the North American session, USD/JPY is trading at 112.41, down 0.45% on the day. In ec...
Technical Analysis

The price dropped sharply and erased the last two day's gains. It could drop much deeper in the upcoming days if will close the day below the $57.30 per barrel. Brent is very heavy right now and seem...