Technical Analysis

EUR/USD depreciates for the second consecutive trading session. >>

Resistance at 0.8476/63 has once again proved to be impenetrable, even after a formidable surge at the end of the last week and a subsequent bullish gap that has already >>

A support area at 0.9961/52 continues to underpin the pair, while the market participants are unwilling to build up exposure to the U.S. Dollar and thereby push the price upwards. >>

Despite the repeated tries of AUD/USD to push through the 100-day SMA and challenge the 200-day SMA, the currency pair is trading flat, since it has encountered a strong demand >>

Not only EUR/JPY is preserving an already high pace of recovery, but it also appears to be increasing it as well, having effortlessly pierced through last week's resistances. >>

Pair dipped 200 pips in the last 3 days of the last week, but managed to recover by 60 until closing at 0.9080 at Friday. >>

It seems that 92.8, the level pair closed at last week, is unbreachable for the time being. >>

Pair ended last week with a 200 pip dip to 1.57 and started this week with some gains, but with the current pace it might take a week or two >>

After peaking to 1.371 at the end of the last week pair has started the week with a dip suggesting we might see a bearish correction after prolonged appreciation. >>

As expected, the currency pair has eventually overcome 123.29 and is already getting ready to pierce through 125.06/124.77, which should not hamper the current recovery. >>

NZD/USD maintains the bullish bias and is currently forcing its way through the resistance at 0.8444/23. >>

Even though the pair could have declined down to the rising trend-line at 0.9923/12, a cluster of supports at 0.9961/54 proved to be enough to reverse the pullback and send >>

AUD/USD carries on gravitating towards the 100-day SMA at 1.0421, as it attempts to approach another simple moving average of a greater seniority—for the last 200 periods. >>

USD/CHF carries on demonstrating strong bearish sentiments, as the Swiss Franc sharply gains additional value against the greenback. >>

USD/JPY pair attains new highs and continues to skyrocket, maintaining the tendency of the last few months. >>