Technical Analysis

Tue, 26 Sep 2017 12:43:52 GMT

NZD/USD fails to remain in senior channel

The NZD/USD exchange rate remained stable on Monday, being located right below the 200-hour SMA and the monthly PP for the whole trading session.

Tue, 26 Sep 2017 12:41:54 GMT

USD/CAD trades higher on Tuesday

The Greenback continues to appreciate against the Canadian Dollar in a slight upside movement.

Tue, 26 Sep 2017 12:40:05 GMT

AUD/USD fails to move past 55-hour SMA

As apparent on the chart, the 55-hour SMA was guiding the Aussie for the whole trading session on Monday, thus leaving the rate slightly above the monthly PP and the 61.8% Fibo late in the evening.

Tue, 26 Sep 2017 12:38:02 GMT

EUR/JPY continues to move lower

Contrary to expectations, the common European currency remained stable during EBC President Draghi's speech at 1300GMT on Monday.

Tue, 26 Sep 2017 07:09:47 GMT

XAU/USD breaks descending channel

In result of the previous trading session, the yellow metal managed to recover not less than 1.26% against the buck.

Tue, 26 Sep 2017 07:07:47 GMT

USD/JPY falls amid Kim-Trump hostile rhetoric

An increasing hawkish rhetoric between the United States and North Korea led to appreciation of the Yen by 63 basis points just in three hours.

Tue, 26 Sep 2017 07:06:22 GMT

GBP/USD sneaks below monthly R2 at 1.3485

Although initially the currency pair managed to climb above the weekly PP at 1.3536 that was backed up by the 55- and 100-hour SMAs, but later it failed to strengthen this position and continue the surge.

Tue, 26 Sep 2017 07:05:02 GMT

EUR/USD falls from symmetrical triangle

As it was expected, a combination of the 55-, 100- and 200-hour SMAs around the weekly PP, which is located at the 1.1948 level, did not allow the rate to surge any further.

Mon, 25 Sep 2017 12:51:51 GMT

NZD/USD forms short-term pattern

The New Zealand Dollar was fluctuating between the weekly PP and the 200-hour SMA on Friday.

Mon, 25 Sep 2017 12:49:59 GMT

USD/CAD with no changes

Following a massive surge during the second half of Friday's trading session, the US Dollar halted unexpectedly near the 1.2340 mark—a level slightly below the monthly S1 and the 50.0% Fibonacci retracement.

Mon, 25 Sep 2017 12:48:04 GMT

AUD/USD remains near 55-hour SMA

The strong upward momentum that dominated the Aussie on Friday morning was disrupted by the 55-hour SMA near the 0.7980 mark.

Mon, 25 Sep 2017 12:37:35 GMT

EUR/JPY tests short-term channel

During the second half of Friday's session, the Euro was falling gradually against the Yen, thus closing the day at the 100-hour SMA.

Mon, 25 Sep 2017 06:39:27 GMT

XAU/USD continues to move downwards

In accordance with expectations, the surge of the gold price did not last for long, as the pair was turned around by the monthly PP located at the 1,300.00 level, which transformed from support into resistance.

Mon, 25 Sep 2017 06:33:56 GMT

USD/JPY continue to fluctuate near monthly R2 at 112.55

Due to increasing hostile rhetoric between the US and North Korea about mutual destruction, the Yen got another momentum to try to return to the 111.38 level.

Mon, 25 Sep 2017 06:29:31 GMT

GBP/USD tries to restore lost positions

The speech delivered by Theresa May about post-Brexit relationship with the EU on Friday, indeed affected value of the Pound.

Mon, 25 Sep 2017 06:27:34 GMT

EUR/USD heads upwards after Merkel wins

Although initially markets were positively anticipating the upcoming Draghi speech at Trinity College, but the subsequent reaction led to quite rapid recovery of the Dollar on Friday.

Fri, 22 Sep 2017 13:12:50 GMT

NZD/USD trades between 55– and 200-hour SMAs

After breaching the lower boundary of a junior channel, the Kiwi entered a minor consolidation period which was caused by the rate's failure to breach the 100-hour SMA.

Fri, 22 Sep 2017 13:11:24 GMT

USD/CAD surges in wake of Canada's PMI

Thursday's trading session introduced no changes in the pair's direction, as USD/CAD remained between the monthly S1 and the weekly R2 for the whole session.

Fri, 22 Sep 2017 13:09:58 GMT

AUD/USD faces strong resistance near 0.79

The previously-drawn narrow channel of AUD/USD was altered in order to include the daily peaks reached on September 8 and 20.

Fri, 22 Sep 2017 13:08:22 GMT

EUR/JPY forms minor channel

Despite failing to surpass 134.08 on four separate occasions, EUR/JPY managed to breach this mark mid-Thursday and set a new yearly high.

Fri, 22 Sep 2017 06:22:17 GMT

XAU/USD returns to 1,300.00 mark

A suggestion expressed yesterday was basically confirmed. The yellow metal indeed continued to lose value against the buck.

Fri, 22 Sep 2017 06:20:36 GMT

USD/JPY falls amid North Korean statement

In result of combination of technical factors and fundamental events, the currency pair made a turn around and broke though the bottom boundary of a previously dominant ascending channel.

Fri, 22 Sep 2017 06:18:55 GMT

GBP/USD confirms resistance at 1.3600

Although the pair managed to break through a combination of the 55- and 100-hour SMAs yesterday, the surge was stopped a little bit below the 1.3600 mark, thus confirming an existence of a strong barrier in that area.

Fri, 22 Sep 2017 06:17:10 GMT

EUR/USD rebounds from dominant support

In accordance with expectations, the currency exchange rate made a rebound from a combined support set up by the monthly PP at 1.1881 together with the bottom trend-line of a dominant ascending channel.

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