Technical Analysis

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Wed, 23 Nov 2016 08:27:56 GMT

EUR/USD remains flat under 1.0630 level

The common European currency remained flat on Wednesday morning against the Greenback.

Tue, 22 Nov 2016 14:31:25 GMT

NZD/USD trades above 0.7050

The New Zealand Dollar fluctuated almost unchanged against the US Dollar by mid-Tuesday, as the currency exchange rate bounced around just above the weekly PP 0.7055.

Tue, 22 Nov 2016 14:31:07 GMT

USD/CAD falls below 1.34

The US Dollar continued to retreat against the Canadian Dollar by mid-day on Tuesday, as the currency exchange rate fell below the 1.34 mark.

Tue, 22 Nov 2016 14:30:59 GMT

AUD/USD attempts to reclaim 0.74

Even though the AUD/USD currency pair appreciated on Monday, it barely touched the immediate resistance cluster, having closed at 0.7372.

Tue, 22 Nov 2016 14:30:48 GMT

EUR/JPY to remain within the channel's trend-lines

Once again the European single currency managed to post gains, outperforming the Japanese Yen yesterday, but remaining below the 118.00 level for now.

Tue, 22 Nov 2016 08:37:03 GMT

Gold breaks resistance on Tuesday morning

The yellow metal broke through the resistance put up by the weekly PP at 1,214.32 on Tuesday morning.

Tue, 22 Nov 2016 08:36:56 GMT

USD/JPY to keep edging higher

The Buck failed to post gains on Monday, but still managed to preserve the ascending channel pattern, as the immediate support area, namely the monthly R3 and the channel's lower border, remained intact.

Tue, 22 Nov 2016 08:36:47 GMT

GBP/USD in tight range between 1.24 and 1.25

The British currency was boosted by the UK's new Prime Minister's comments concerning ‘Brexit', causing the Cable to negate almost all previous week's losses.

Tue, 22 Nov 2016 08:36:39 GMT

EUR/USD trades flat near 1.0630

The common European currency remained flat against the US Dollar just below the monthly S2 at 1.0632.

Mon, 21 Nov 2016 14:27:14 GMT

Kiwi surges on Monday

The New Zealand Dollar surged against the Greenback in the first half of Monday's trading session, as the currency exchange rate jumped to the newly calculated weekly PP at 0.7055.

Mon, 21 Nov 2016 14:27:04 GMT

USD/CAD below 1.35 on Monday

The US Dollar depreciated against the Canadian Dollar by mid-day on Monday, as the currency exchange rate traded below the 1.35 level.

Mon, 21 Nov 2016 14:26:53 GMT

AUD/USD attempts to make a U-turn

The Australian Dollar behaved in accordance with expectations on Friday, having slumped against the US counterpart, crossing the 0.74 threshold.

Mon, 21 Nov 2016 14:26:42 GMT

EUR/JPY to remain within the channel's borders

Friday ended with the Euro once again edging higher against the Japanese Yen, closing in close proximity to the ascending channel's resistance line.

Mon, 21 Nov 2016 09:07:16 GMT

GBP/USD remains on the back foot

As was anticipated, the breach of the support cluster around 1.2375 on Friday caused the British currency to reach the 1.23 major level, despite trade closing at 1.2349.

Mon, 21 Nov 2016 09:01:03 GMT

Gold near 1,200 mark on Monday

The yellow metal edged higher on Monday morning, as it approached the resistance put up by the weekly PP at 1,214.32.

Mon, 21 Nov 2016 08:50:04 GMT

EUR/USD marks two straight weeks of losses

The common European currency was almost unchanged against the US Dollar on Monday morning near the level of 1.06.

Mon, 21 Nov 2016 08:28:01 GMT

USD/JPY to preserve the channel pattern

The USD/JPY currency pair has been trading within the borders of an ascending channel pattern for two consecutive weeks now and Friday was not an exception.

Fri, 18 Nov 2016 15:23:46 GMT

NZD/USD to remain above 0.70

The New Zealand currency weakened against the American Dollar for the seventh consecutive day on Thursday, with a tough demand cluster around 0.7020 limiting the losses.

Fri, 18 Nov 2016 15:23:39 GMT

USD/CAD stuck in a cage

Despite some previous setbacks, the US Dollar managed to edge higher against the Canadian Dollar yesterday, successfully retaking the 1.35 major level.

Fri, 18 Nov 2016 15:23:31 GMT

EUR/JPY attempts to post more gains

The European single currency experienced another rally against the Japanese Yen on Thursday, putting the ascending channel's resistance line to another test.

Fri, 18 Nov 2016 15:23:22 GMT

AUD/USD to experience another leg down

The commodity currency, the Aussie, fell under more selling pressure on Thursday, losing 73 more pips against the US counterpart.

Fri, 18 Nov 2016 09:31:03 GMT

Gold loses upon Dollar gain

Gold extended its weakness on Monday morning following a break below the hourly channel on Thursday.

Fri, 18 Nov 2016 09:20:18 GMT

USD/JPY continues to edge higher

The US Dollar successfully rallied against the Japanese Yen on Thursday, managing to prolong the ascending channel pattern for another day.

Fri, 18 Nov 2016 08:55:03 GMT

GBP/USD risks falling under 1.24

For the fourth consecutive day yesterday the American Dollar outperformed the Pound, but with the immediate support cluster remaining intact.

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