Technical Analysis

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Fri, 04 Dec 2015 17:39:48 GMT

USD/CAD takes another crack at weekly PP

In spite of several negative to the US Dollar signs, it still managed to outperform the Canadian currency after testing both the 1.33 and 1.34 levels.

Fri, 04 Dec 2015 17:39:27 GMT

AUD/USD attempts to erase Thursday's gains

The Australian Dollar negated all Wednesday's losses and even reached the intraday target of 0.7360 yesterday.

Fri, 04 Dec 2015 17:39:09 GMT

EUR/JPY volatility eases after ECBocalypse

The third resistance cluster was unable to hold the EUR/JPY cross from rising further, which resulted in the pair appreciating above the 134.00 major level and meeting resistance only at 134.55, with trade closing on top of the 200-day SMA at 134.10.

Fri, 04 Dec 2015 08:42:48 GMT

Gold supported by ECB decision as trading volume spikes

The precious metal hovered in positive direction on Thursday, especially pricing in the "hawkish easing" from the ECB, which sent the Dollar strongly lower in the market.

Fri, 04 Dec 2015 08:42:33 GMT

USD/JPY muted in anticipation of Payrolls data

The US Dollar's losses slightly exceeded expectations, as the pair stabilised at 122.59, rather than in front of the weekly PP at 122.74.

Fri, 04 Dec 2015 08:42:23 GMT

GBP/USD forms falling wedge from Thursday's surge

The US Dollar experienced a harsh sell-off on Thursday, mainly caused by the ECB's unexpected stimulus decision, as well as a set of weak US fundamentals.

Fri, 04 Dec 2015 08:42:13 GMT

EUR/USD rallies past 1.09 after ECB disappointment

EUR/USD's surge by more than 300 points was hardly predictable yesterday, even though the ECB unveiled more support for economy.

Thu, 03 Dec 2015 15:32:13 GMT

NZD/USD attempts to negate Wednesday's losses

The NZD/USD fell down on Wednesday, edging closer to the second support cluster just under 0.66.

Thu, 03 Dec 2015 15:21:06 GMT

USD/CAD fails to conquer the weekly PP

The USD/CAD experienced minor volatility for the third consecutive day yesterday, jumping between the 20-day SMA and the upper Bollinger band.

Thu, 03 Dec 2015 15:10:11 GMT

EUR/JPY surges on ECB disappointment

The European currency climbed higher for the third consecutive day on Wednesday, failing to pierce the immediate resistance cluster.

Thu, 03 Dec 2015 14:48:41 GMT

AUD/USD rebounds on rising oil prices

Upon reaching the immediate resistance, the AUD/USD currency pair was pushed back, losing a total of 14 pips over the day.

Thu, 03 Dec 2015 08:29:59 GMT

Gold confirms Nov 27 low; outlook deteriorates

On Wednesday, the bullion copied the candlestick of Friday when it slumped by around one percentage point to reach the 1,057 mark.

Thu, 03 Dec 2015 08:29:49 GMT

USD/JPY keeps struggling to preserve up-trend

The US ADP Employment Change data provided the Greenback with a sufficient boost to reclaim the area above the up-trend yesterday.

Thu, 03 Dec 2015 08:29:34 GMT

GBP/USD heals wounds after Wednesday's slump

The fundamental data yesterday was in favour of the US Dollar yesterday, forcing the Cable to touch the 1.49 level.

Thu, 03 Dec 2015 08:29:23 GMT

EUR/USD to target 1.04 in anticipation of ECB

On Wednesday EUR/USD created a long lower shadow candlestick, meaning the bears failed to preserve their advantage by day-end.

Wed, 02 Dec 2015 15:45:08 GMT

NZD/USD struggles to maintain trade at four-week high

The Kiwi overperformed on Tuesday, as it pierced the target resistance and even tested the third one at 0.6690.

Wed, 02 Dec 2015 15:34:06 GMT

USD/CAD to return above the up-trend

The US Dollar remained relatively unchanged against its Canadian counterpart on Tuesday, due to mixed fundamental data.

Wed, 02 Dec 2015 15:23:08 GMT

AUD/USD has difficulties crossing 0.7335

The Australian Dollar skyrocketed yesterday, due to a boost received from the RBA leaving the cash rate unchanged.

Wed, 02 Dec 2015 15:12:19 GMT

EUR/JPY calms down before ECB meeting

The Euro extended its recovery on Tuesday, slightly beating expectations and closing trade at 130.62.

Wed, 02 Dec 2015 07:55:24 GMT

Buoyant Dollar rejects gold's rally beyond July low

XAU/USD's advance was prolonging up to the weekly R1 at 1,074 on Tuesday.

Wed, 02 Dec 2015 07:55:17 GMT

USD/JPY gravitates towards 123.00

Weak US fundamentals and a stronger Yen pushed the USD/JPY back under 123.00 yesterday.

Wed, 02 Dec 2015 07:55:06 GMT

GBP/USD on the edge of dropping to a fresh 7-month low

The US Dollar weakened against the Sterling on Tuesday, amid the US ISM Manufacturing PMI showing signs of contraction.

Wed, 02 Dec 2015 07:54:54 GMT

EUR/USD ready to return back below weekly PP

Yesterday the EUR/USD cross rallied by 67 pips during the trading session, which ended strongly in favour of the bulls.

Tue, 01 Dec 2015 14:28:12 GMT

NZD/USD exits the down-trend

The New Zealand Dollar succeeded in stabilising above the tough cluster around 0.6550 yesterday and is now aiming for the up-trend.

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