Technical Analysis

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Mon, 09 Jan 2017 09:30:26 GMT

USD/JPY holds steady above 117.00

The Greenback almost completely managed to erase its previous losses on Friday, successfully climbing over the 117.00 yen mark.

Mon, 09 Jan 2017 09:29:56 GMT

GBP/USD remains on the back foot

Brexit issues continued to weigh on the British currency on Friday, with even weak US fundamental data being insufficient to help the Cable erase its intraday losses.

Mon, 09 Jan 2017 09:29:28 GMT

EUR/USD flat below 1.0550

The common European currency traded almost flat on Monday morning against the US Dollar, as the currency exchange rate fluctuated below the 1.0550 mark.

Fri, 06 Jan 2017 15:20:46 GMT

NZD/USD declines on Friday

The New Zealand Dollar depreciated against the US Dollar by the middle of Friday's trading session.

Fri, 06 Jan 2017 15:20:38 GMT

AUD/USD struggles at edging higher

Thursday ended with the Australian Dollar somewhat breaching the resistance line of the two-month descending channel pattern.

Fri, 06 Jan 2017 15:20:31 GMT

USD/CAD probes resistance

The US Dollar recouped its losses against the Canadian Dollar by the middle of Friday's trading session.

Fri, 06 Jan 2017 15:20:16 GMT

EUR/JPY remains in consolidation trend

The European single currency behaved in accordance with expectations yesterday, as it breached the immediate demand area and made its way to the second one, where support was found.

Fri, 06 Jan 2017 09:23:39 GMT

Gold steps back after Thursday's gains

The yellow metal traded below the second weekly resistance, which is located at 1,179.94, on Friday morning.

Fri, 06 Jan 2017 09:22:16 GMT

USD/JPY trades in murky waters

The USD/JPY currency pair lost almost 200 pips on Tuesday, amid weak US fundamental data and the return of risk-aversion mood.

Fri, 06 Jan 2017 09:21:49 GMT

GBP/USD risks sliding back under 1.24

Poor US fundamental data and persistent weakness caused by the FOMC Minutes continued to weigh pressure on the American Dollar, allowing the British Pound to take the upper hand yesterday.

Fri, 06 Jan 2017 09:21:30 GMT

EUR/USD retreats after massive gains

On Friday morning the common European currency was in a retreat against the US Dollar, as the currency exchange rate encountered the resistance of the upper trend line of a medium term ascending channel pattern.

Thu, 05 Jan 2017 16:03:46 GMT

Kiwi attempts to break above 0.70

The New Zealand Dollar had scored minor gains against the US Dollar by the middle of Thursday's trading session.

Thu, 05 Jan 2017 16:03:39 GMT

USD/CAD remains flat on Thursday

The US Dollar remained near the opening price against the Canadian Dollar by the middle of Thursday's trading session.

Thu, 05 Jan 2017 16:03:31 GMT

AUD/USD puts channel's resistance line to the test

On Wednesday the Aussie climbed higher against the US counterpart, completely ignoring the immediate resistance level

Thu, 05 Jan 2017 16:03:13 GMT

EUR/JPY falls to 122.00

The EUR/JPY currency pair managed to find support on Wednesday, successfully erasing all of Tuesday's losses.

Thu, 05 Jan 2017 09:40:40 GMT

Bears push USD/JPY below 116.00

Even though the USD/JPY currency pair weakened on Wednesday, it still remained within its weekly trading range, namely between 117.00 and 117.90.

Thu, 05 Jan 2017 09:40:30 GMT

Gold jumps on Thursday

The yellow metal surged at the start of Thursday's trading session, as the commodity price almost reached the 1,180 mark.

Thu, 05 Jan 2017 09:40:21 GMT

GBP/USD remains on the back foot

The British Pound managed to outperform the American Dollar on Wednesday, not only climbing over the 1.23 mark, but also piercing the second resistance level.

Thu, 05 Jan 2017 09:40:13 GMT

EUR/USD overshoots Thursday morning

EUR/USD topped expectations and is now attempting to conclusively break the upper boundary of the ascending channel pattern on the hourly chart.

Wed, 04 Jan 2017 15:31:58 GMT

NZD/USD edges higher on risk-appetite

The New Zealand Dollar experienced rather strong volatility on Tuesday, but was unable to climb over the immediate resistance, which resulted in the NZD/USD pair stabilising with a small decline.

Wed, 04 Jan 2017 15:31:11 GMT

USD/CAD puts 1.33 to the test

Same as the Aussie, the Canadian Dollar also benefited from risk-appetite today, gaining more value against the Greenback after another day of relatively flat trade.

Wed, 04 Jan 2017 15:31:00 GMT

AUD/USD keeps moving towards channel's resistance

The Aussie's behaviour fell in line with expectations on Tuesday, as it outperformed its US counterpart and stabilised above the immediate resistance level.

Wed, 04 Jan 2017 15:30:52 GMT

EUR/JPY anchored around 122.50

For the second day yesterday the European single currency failed to outperform the Yen, as demand, represented by the weekly pivot point, was insufficient to cause a rebound.

Wed, 04 Jan 2017 09:30:45 GMT

Bullion still bullish

Gold opened green on Tuesday, eyeing the weekly R1 at 1,165.12 with some more risk at 1,168.25, the upper trend-line of the ascending channel.

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