Technical Analysis

Thu, 25 Aug 2016 05:44:34 GMT

EUR/USD rebounds at 1.1263 on Thursday

On Thursday morning the currency exchange rate found support in the monthly R1 at 1.1263 and slightly rebounded.

Wed, 24 Aug 2016 12:56:08 GMT

USD/CAD surges on Wednesday

The Greenback continued to gain strength against the Loonie on Wednesday, after the currency rate had rebounded from the weekly PP at 1.2870.

Wed, 24 Aug 2016 12:45:06 GMT

AUD/USD on the edge of breaking the up-trend

The Australian Dollar retreated from its intraday gains on Tuesday, resulting in a 12-pip loss against the US Dollar over that day.

Wed, 24 Aug 2016 12:34:17 GMT

NZD/USD bouncing around on Wednesday

As previously forecasted, the New Zealand Dollar surged on Tuesday against the US Dollar and met with resistance at 0.7347, where the weekly R1 is located at.

Wed, 24 Aug 2016 12:34:01 GMT

EUR/JPY to fall deeper down

Even though the Euro declined against the Japanese Yen yesterday, the weekly pivot point managed to limit the losses, preventing a slump towards the 113.00 mark.

Wed, 24 Aug 2016 07:09:05 GMT

USD/JPY on the edge of falling under 100.00

The Greenback managed to remain above the 100.00 major level on Tuesday, ultimately closing with an eight-pip loss.

Wed, 24 Aug 2016 06:58:08 GMT

GBP/USD to make a U-turn

The US Dollar was dragged down by a poor reading of the Manufacturing PMI on Tuesday, allowing the Sterling to take the upper hand and breach the monthly PP resistance level.

Wed, 24 Aug 2016 06:46:54 GMT

Gold continues to fall on Wednesday

The yellow metal is in its fourth consecutive session of losses, as it continues to bounce around the 1,340 level.

Wed, 24 Aug 2016 06:46:40 GMT

EUR/USD breaks out of pattern on Wednesday

The common European currency had been trading against the US Dollar in a channel upward pattern since July 4, and the pair broke out of the pattern on early Wednesday morning.

Tue, 23 Aug 2016 13:18:03 GMT

USD/CAD falls below 1.29 on Tuesday

The US Dollar retreated mid-Tuesday from the previously gained heights on Monday against the Canadian Dollar.

Tue, 23 Aug 2016 13:07:06 GMT

AUD/USD approaches trend-line intersection

The AUD/USD currency pair managed to pierce the 20-day SMA on Monday, therefore, to preserve the four-month up-trend.

Tue, 23 Aug 2016 12:56:22 GMT

NZD/USD continues the surge on Tuesday

The New Zealand Dollar is gaining ground against the US Dollar without the slightest problem on Tuesday, as the currency exchange rate started the day's trading session at 0.7271, and it had surged to 0.7330 by 11:30 GMT.

Tue, 23 Aug 2016 12:35:42 GMT

EUR/JPY continues sliding down

Monday ended with the European single currency completely erasing its bullish gap.

Tue, 23 Aug 2016 07:09:05 GMT

Gold threads lower on Tuesday

The yellow metal set a downward course on Friday, and the fall continues into Tuesday, as the metal was moving lower near the level of 1,338.40 by 5:00 GMT.

Tue, 23 Aug 2016 06:53:05 GMT

GBP/USD to put weekly PP to the test

The Cable overperformed on Monday, having reached the 1.3150 level, rather than remaining under the 1.31 mark.

Tue, 23 Aug 2016 06:32:05 GMT

EUR/USD struggles below 1.1350 on Tuesday

The Euro once more approaches the resistance put up by the monthly R2 at 1.1353 against the US Dollar, as the currency rate found support on Monday in the combined support cluster made up of the lower trend line and the weekly pivot point at 1.1281 and the monthly R1 at 1.1263.

Tue, 23 Aug 2016 06:09:41 GMT

USD/JPY subject to more weakness

Monday's decline caused the USD/JPY currency pair to almost completely erase the bullish gap.

Mon, 22 Aug 2016 13:35:04 GMT

USD/CAD breaks downward pattern on Friday

The US Dollar ended a nine consecutive session streak of losses against the Canadian Dollar on Friday, as the currency exchange rate changed direction and continued to surge even by 12:00 GMT on Monday.

Mon, 22 Aug 2016 13:23:05 GMT

AUD/USD struggles to post solid gains

The Australian Dollar plunged against the US counterpart on Friday, with the four-month up-trend being put to the test.

Mon, 22 Aug 2016 13:12:03 GMT

EUR/JPY falls back under 114.00

On Friday the Euro managed to outperform the Japanese Yen, rather than weaken against it, but with the key resistance remaining intact.

Mon, 22 Aug 2016 13:02:56 GMT

NZD/USD below weekly PP at 0.7256 on Monday

The Kiwi fell on Monday against the US Dollar, as it started the week with a session opening a lot lower than the previous close.

Mon, 22 Aug 2016 07:05:07 GMT

XAU/USD trades below 1,335 on Monday

The yellow metal is falling, as it started to lose its value on Friday, when the metal fell from the height of 1,352 to 1,340 level.

Mon, 22 Aug 2016 06:35:08 GMT

USD/JPY remains on the back foot

Having opened with a bullish gap today, the USD/JPY currency pair is now likely to be subject to weakness.

Mon, 22 Aug 2016 06:23:33 GMT

GBP/USD trades in murky waters

The British currency experienced a rather sharp decline on Friday, slumping back under the 1.31 major level, thus, failing to settle at a two-week high.

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