Technical Analysis

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Thu, 20 Oct 2016 06:34:40 GMT

EUR/USD slightly lower on Thursday

The common European currency traded slightly lower against the Greenback on Thursday morning.

Wed, 19 Oct 2016 14:29:53 GMT

Kiwi breaks out of channel

The New Zealand Dollar extended its gains against the Greenback on Wednesday, as the currency exchange rate faced almost no resistance at the beginning of the trading session.

Wed, 19 Oct 2016 14:29:40 GMT

Loonie continues to gain

The US Dollar continued to book losses against the Canadian Dollar, as the currency exchange rate fell for the fifth consecutive trading session by midday on Wednesday.

Wed, 19 Oct 2016 14:29:31 GMT

AUD/USD to edge higher for the sixth day in a row

The boost received from the RBA Meeting Minutes caused the Australian Dollar to reach the first resistance area around 0.77 yesterday, but was insufficient to trigger a sharper rally.

Wed, 19 Oct 2016 14:29:23 GMT

EUR/JPY slumps due to risk-aversion

Yesterday the European single currency erased all intraday gains and edged lower for the fourth consecutive day, finding support only in front of the 114.00 mark.

Wed, 19 Oct 2016 06:24:20 GMT

Gold struggles with resistance at 1,261.62

The yellow metal battled resistance on Wednesday morning, as it faced the first weekly resistance level at 1,261.62.

Wed, 19 Oct 2016 06:24:11 GMT

USD/JPY remains on the back foot

Relatively weak US inflation data yesterday caused the USD/JPY pair to negate all intraday gains and close trade with only a two-pip loss.

Wed, 19 Oct 2016 06:24:02 GMT

EUR/USD once more below 1.10 on Wednesday morning

The common European currency had remained rather unchanged against the US Dollar on Wednesday morning.

Wed, 19 Oct 2016 06:23:55 GMT

GBP/USD sets eye on 1.24

The British currency received a boost from a good CPI reading yesterday, successfully climbing over the 1.23 mark.

Tue, 18 Oct 2016 14:59:04 GMT

Kiwi reaches above 0.72 by mid-Tuesday

The New Zealand Dollar traded higher by midday on Tuesday against the US Dollar, as the markets were expecting new fundamental data for clues on both the Greenback's and Kiwi's strength.

Tue, 18 Oct 2016 14:48:03 GMT

USD/CAD nears 1.3050 by mid-Tuesday

The US Dollar continued the breakout from the triangle against the Canadian Dollar, as the currency exchange rate had touched the 1.3055 mark by midday on Tuesday.

Tue, 18 Oct 2016 14:37:03 GMT

AUD/USD targets key resistance at 0.77

The Aussie managed to trim all intraday losses against the US counterpart yesterday, closing trade with just a four-pip gain.

Tue, 18 Oct 2016 14:26:22 GMT

EUR/JPY struggles to inch higher

The EUR/JPY currency pair behaved in accordance with the forecast yesterday, having edged below the 38.20% Fibo level.

Tue, 18 Oct 2016 13:17:31 GMT

CAD/JPY about to reverse

Last week has possibly marked a new page for CAD/JPY by breaking the upper trend-line of the 21-month channel down. With 78.54 marking the pair's exit from the pattern, we see a retracement on the menu, possibly reaching the broken trend-line in December or early 2017. A reversal is suggested by the falling wedge on the daily chart as well,

Tue, 18 Oct 2016 07:07:59 GMT

Gold treads higher

The yellow metal is free from fluctuations above the 1,250 level, above which it had bounced up and down for the past week.

Tue, 18 Oct 2016 07:07:41 GMT

GBP/USD trades in murky waters

Monday ended with the Cable edging only 27 pips higher, but with risks still skewed to the downside.

Tue, 18 Oct 2016 07:07:31 GMT

USD/JPY attempts to trim Monday's losses

Although the US Dollar edged lower against the Yen on Monday, the three-week bullish trend remained intact.

Tue, 18 Oct 2016 07:07:23 GMT

EUR/USD back up above 1.10 on Tuesday

The common European currency moved higher against the Greenback on Tuesday morning, as the currency exchange rate attempted to even break through the resistance put up by the second monthly support level at 1.1026.

Mon, 17 Oct 2016 14:24:05 GMT

Kiwi gains on Monday

The New Zealand Dollar surged against the US Dollar in the fit half of Monday, as the pair moved to trade above the newly formed weekly pivot point at 0.7104.

Mon, 17 Oct 2016 14:13:03 GMT

USD/CAD unchanged by mid-Monday

The Greenback had not almost moved in the first half of Monday's trading session against the Loonie, as the currency exchange rate remained firmly near the 1.3150 level.

Mon, 17 Oct 2016 14:02:33 GMT

EUR/SGD breaks senior downtrend

EUR/SGD fell 35% over the last eight years, and has just recently taken a different stance rather than following the channel down pattern as it did during the plunge. 2015 marked a new trend with a descending triangle, which shared its upper trend-line with the senior channel, both losing to the strong Euro in the last two months. Working against

Mon, 17 Oct 2016 13:59:04 GMT

AUD/USD attempts to remain above 0.76

Relatively poor US fundamentals allowed the AUD/USD currency pair to edge higher, easily retaking the 0.76 level and piercing the immediate resistance cluster.

Mon, 17 Oct 2016 13:48:03 GMT

EUR/JPY remains on the back foot

The European single currency weakened against the Japanese Yen on Friday slightly more than anticipated, having breached the 38.20% Fibo at 114.36.

Mon, 17 Oct 2016 08:21:03 GMT

Gold remains above 1,250 level

The yellow metal had once more rebounded against the 1,250 support level on Monday morning, as the metal had fallen to the support level once more, erasing all of the previous week's minor gains.

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