Technical Analysis

Mon, 19 Dec 2016 14:15:42 GMT

EUR/JPY risks breaking the channel pattern

On Friday the European single currency remained relatively unchanged against the Japanese Yen, having added only 18 pips.

Mon, 19 Dec 2016 09:32:45 GMT

Gold faces resistance on Monday

The yellow metal surged on Monday morning, as the bullion approached the newly calculated weekly PP at 1,140.81.

Mon, 19 Dec 2016 09:32:31 GMT

USD/JPY on the edge of sliding back under 117.00

Friday ended with the USD/JPY currency pair experiencing a small setback in its bullish trend.

Mon, 19 Dec 2016 09:32:09 GMT

GBP/USD struggles to avoid losses

Even though the Cable managed to recover on Friday from a relatively sharp decline the day before, the pair is still expected to suffer losses today.

Mon, 19 Dec 2016 09:31:51 GMT

EUR/USD near 2015 low on Monday

On Monday morning the common European currency traded just above the 2015 low level of 1.0462 against the US Dollar.

Fri, 16 Dec 2016 15:53:19 GMT

NZD/USD plunges under 0.70

The New Zealand Dollar was not spared on Thursday, as it suffered another serious loss against the Greenback, having lost 78 pips.

Fri, 16 Dec 2016 15:53:09 GMT

USD/CAD sets eye on 1.34

The USD/CAD was unable to post significant gains on Thursday, but appreciated nonetheless.

Fri, 16 Dec 2016 15:52:57 GMT

AUD/USD remains on the back foot

The Australian Dollar inched down against the US counterpart for the second day yesterday, getting closer to the point of erasing all gains, which occurred in the last three weeks.

Fri, 16 Dec 2016 15:52:46 GMT

EUR/JPY continues to appreciate

The EUR/JPY cross experienced mild volatility on Thursday, ultimately closing with a small decline, but with the 123.00 major level remaining intact.

Fri, 16 Dec 2016 09:24:54 GMT

EUR/USD still stronger than 1.0419

Following an attack at the 1.0419 level, the pair confirmed its significance with a reversal Friday morning.

Fri, 16 Dec 2016 09:24:41 GMT

GBP/USD under the risk of falling under 1.24

The negative for the British Pound scenario prevailed yesterday, with the wedge pattern broken to the downside and the 1.25 major level also getting crossed.

Fri, 16 Dec 2016 09:24:32 GMT

Gold gains amid correction

The Bullion opened slightly above Thursday's closing price on Friday and went on to push through the bottom Bollinger Band at 1,129.92 to now face 1,135.96.

Fri, 16 Dec 2016 09:24:24 GMT

USD/JPY attempts to edge higher again

The USD/JPY currency pair did tough the second resistance cluster, as was anticipated, but also managed to stabilise above the 118.00 level, beating expectations.

Thu, 15 Dec 2016 16:41:58 GMT

NZD/USD freefalls below 0.71

The New Zealand Dollar made a U-turn yesterday, completely negating previous week's, as the immediate support cluster failed to limit the losses.

Thu, 15 Dec 2016 16:41:47 GMT

USD/CAD attempts to reclaim 1.34

Wednesday was a productive day for the American Dollar, as it surged more than 150 pips against the Canadian counterpart.

Thu, 15 Dec 2016 16:41:25 GMT

AUD/USD falls back under 0.74

On Wednesday the AUD/USD currency pair slumped slightly less than 100 pips, with the 0.74 major level managing to limit the losses.

Thu, 15 Dec 2016 16:41:16 GMT

EUR/JPY struggles to post more gains

As was anticipated, the European currency outperformed the Japanese Yen, but failed to receive a sufficient boost in order to reach the strong resistance cluster around 124.00.

Thu, 15 Dec 2016 09:38:06 GMT

Gold breaks levels amid surging Dollar

A dip below the senior downtrend came as a surprise on Wednesday, as well as a confirmation of the month-long channel relevance.

Thu, 15 Dec 2016 09:27:13 GMT

USD/JPY attempts to post more gains

With Fed increasing the funds rate yesterday, the US Dollar successfully outperformed the Yen, thus, reconfirmed the four-week up-trend.

Thu, 15 Dec 2016 08:48:13 GMT

GBP/USD risks piercing wedge's support line

The GBP/USD currency pair underwent the anticipated decline on Wednesday, but with the broadening rising wedge's support line remaining intact.

Thu, 15 Dec 2016 08:48:04 GMT

Dollar continues rate-hike surge

EUR/USD dived beneath the bottom Bollinger Band amid a continuation of the senior two-month descending channel, in which the rate is now targeting the bottom trend-line.

Wed, 14 Dec 2016 16:30:17 GMT

NZD/USD attempts to post more gains

For the time being the Kiwi is also on the rise, successfully gaining ground and outperforming the US Dollar.

Wed, 14 Dec 2016 16:30:09 GMT

USD/CAD sets eye on 1.31

The USD/CAD's behavior was almost identical to the AUD/USD pair's, as trade closed with the Greenback remaining almost completely unchanged against the Loonie.

Wed, 14 Dec 2016 16:30:01 GMT

AUD/USD struggles to remain above 0.75

Yesterday there was a calm on the forex sea ahead of today's possible storm. The Aussie remained flat against the US counterpart, managing to retain its position on top of the 0.75 psychological level.

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