Technical Analysis

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Mon, 13 Nov 2017 08:04:43 GMT

XAU/USD falls by 1.1%

The exchange rate dropped by almost 1.1% on Friday in result of 10 minutes trade that moved about 4 million ounces of the precious metal.

Mon, 13 Nov 2017 08:03:11 GMT

USD/JPY trades in descending channel

During previous trading session the currency exchange rate expectedly approached and made a rebound from the upper-boundary of the current descending channel.

Mon, 13 Nov 2017 08:01:26 GMT

GBP/USD spikes to 1.3230 but then drops

A release of better than expected growth rate of the UK Manufacturing Production created an upside momentum that enabled the pair to return back to the 1.3228 level.

Mon, 13 Nov 2017 07:59:37 GMT

EUR/USD starts new week near 1.1660

Despite a positive perception of ideas expressed by the US President Donald Trump at the ASEAN summit the Dollar is continuing to lose value against the Euro in a one-week long ascending channel.

Fri, 10 Nov 2017 13:25:08 GMT

NZD/USD finds support at 100-hour SMA

The New Zealand Dollar was testing the upper boundary of the junior channel for several hours yesterday.

Fri, 10 Nov 2017 13:23:45 GMT

USD/CAD stuck in narrow range

USD/CAD continued to follow bearish pressure on Thursday, as it fell 49 pips during the session.

Fri, 10 Nov 2017 13:22:20 GMT

AUD/USD fails to leave SMAs

AUD/USD has demonstrated high volatility during the past two sessions.

Fri, 10 Nov 2017 13:20:49 GMT

EUR/JPY remains calm on Friday

The common European currency was stranded between the 100-hour SMA and the weekly S1 on Thursday.

Fri, 10 Nov 2017 08:36:17 GMT

XAU/USD continues to climb in rising wedge formation

The yellow metal is continuing to trade against the buck at the intersection of large ascending channel and junior rising wedge formations.

Fri, 10 Nov 2017 08:34:41 GMT

USD/JPY rebounds from 113.17

In line with expectations, the Yen continued to gain value against the Dollar under pressure from the slipping 55-, 100- and 200-hour SMAs.

Fri, 10 Nov 2017 08:33:11 GMT

GBP/USD struggles to bypass 200-hour SMA

As it was expected, a combined resistance barrier formed by the weekly PP and the 38.2% Fibonacci retracement level managed to constrain the cable near the 1.3150 level.

Fri, 10 Nov 2017 08:31:11 GMT

EUR/USD advances in ascending channel

The Dollar was quoted weaker against the Euro on Thursday amid concerns that the Senate would postpone corporate tax cuts until 2019.

Thu, 09 Nov 2017 13:27:10 GMT

NZD/USD stable after RBNZ announcement

The Kiwi was trading in a calm manner against the US Dollar prior to the RBNZ's Rate Statement late on Wednesday.

Thu, 09 Nov 2017 13:25:28 GMT

USD/CAD points to recovery

After meeting the strong resistance of the 55-hour SMA mid-Wednesday, the US Dollar remained stable against the Loonie for most of the session.

Thu, 09 Nov 2017 13:23:41 GMT

AUD/USD remains near support cluster

Despite breaching a massive resistance cluster formed by the 200-, 100– and 55-hour SMAs and the weekly PP on Wednesday, AUD/USD failed to accelerate and thus entered a short-term consolidation period.

Thu, 09 Nov 2017 13:21:33 GMT

EUR/JPY fails to overcome 100-, 200-hour SMAs

The Euro has been fluctuating around the 132.00 mark for the third consecutive session.

Thu, 09 Nov 2017 08:00:10 GMT

XAU/USD heads to upper edge of ascending channel

Pressure of the 55-, 100- and 200-hour SMAs prevailed over the combined resistance formed by the 61.8% retracement level and the monthly PP.

Thu, 09 Nov 2017 07:57:46 GMT

USD/JPY plunges amid BoJ Summary of Opinions release

A release of the Bank of Japan Summary of Opinions as well as ongoing concerns over delay of the Trump's tax reform implementation continued to push the exchange rate in southern direction.

Thu, 09 Nov 2017 07:56:16 GMT

GBP/USD sinks amid Priti Patel scandal

During the previous trading session the cable was in perfect situation to make a rebound from combined support level formed by the 55-hour SMA, the weekly PP as well as the 38.2% Fibonacci retracement level and make a breakout from the ascending triangle pattern.

Thu, 09 Nov 2017 07:54:38 GMT

EUR/USD tries to bypass 1.1603

Despite that American and Chinese companies signed deals worth $253.4B over the last two days, the currency exchange rate stayed neutral.

Wed, 08 Nov 2017 13:44:56 GMT

NZD/USD awaits RBNZ Rate Statement

The New Zealand Dollar continues to trade in an ascending channel formed on October 25.

Wed, 08 Nov 2017 13:42:53 GMT

USD/CAD retraces from breached channel

USD/CAD was squeezed between the weekly and monthly PP for the majority of session.

Wed, 08 Nov 2017 13:40:43 GMT

AUD/USD tests 0.7680

AUD/USD re-confirmed the bottom boundary of a two-week ascending channel on Tuesday.

Wed, 08 Nov 2017 13:38:40 GMT

EUR/JPY pressured by strong resistance

After testing the weekly PP at 132.41 early on Tuesday, the common European currency edged slightly lower, but nevertheless remained stable against the Yen.

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