Technical Analysis

Note: This section contains information in English only.
Tue, 07 Nov 2017 12:43:59 GMT

NZD/USD bounces off resistance

Near midnight from Monday to Tuesday the New Zealand Dollar met with the resistance of the long term channel up pattern against the US Dollar. The event resulted in a Kiwi decline against the Greenback. 

Tue, 07 Nov 2017 12:41:26 GMT

USD/CAD reaches resistance

The US Dollar on Tuesday morning was heading lower against the Canadian Dollar until it hit what seemed to be the support line of the most junior and almost horizontal pattern.

Tue, 07 Nov 2017 12:39:23 GMT

AUD/USD near dominant support

After bouncing off a medium term patterns resistance line on early Tuesday morning the Australian Dollar began a decline against the Greenback. By the middle of the day's trading session the pair was about to reach a lower trend line of the active dominant channel up pattern.

Tue, 07 Nov 2017 12:37:03 GMT

EUR/JPY declines in falling wedge pattern

After the Euro encountered the medium term descending channel's upper trend line against the Japanese Yen, the currency exchange rate began a decline.

Tue, 07 Nov 2017 08:17:24 GMT

XAU/USD surges amid political changes in Saudi Arabia

A sudden cleansing in the Saudi establishment enhanced uncertainly about the situation in the Middle East and, as a result, magnified demand for gold.

Tue, 07 Nov 2017 08:15:29 GMT

USD/JPY falls to 113.70 but quickly recovers

From technical point of view, the currency rate had all means to make a rebound near the 114.24 mark and make one more attempt to reach the monthly R1 at 114.84.

Tue, 07 Nov 2017 08:13:57 GMT

GBP/USD meets resistance at 1.3170

Due to quite active sell-off of the buck yesterday, the cable managed to break to the top instead of falling to support zone near the 1.3030 mark.

Tue, 07 Nov 2017 08:02:58 GMT

EUR/USD tests 1.1580

During the previous trading session the currency rate slipped to support area near the 1.1580 mark, as expected, made a rebound and returned to the place from which it started.

Mon, 06 Nov 2017 14:18:55 GMT

NZD/USD finds support at 200-hour SMA

The New Zealand Dollar continues to trade within a junior ascending channel.

Mon, 06 Nov 2017 14:17:10 GMT

USD/CAD flat after data release

Following the massive plunge in the wake of combined data release from the US and Canada at 1230GMT on Friday, the US Dollar made a slight recovery up to the 1.2780 mark.

Mon, 06 Nov 2017 14:14:59 GMT

AUD/USD slows near strong resistance

The Aussie was driven by strong downside risks on Friday that sent AUD/USD for a fall down to 0.7640.

Mon, 06 Nov 2017 14:13:15 GMT

EUR/JPY confirms channel

EUR/JPY was stranded between the 100– and 200-hour SMAs on Friday.

Mon, 06 Nov 2017 08:04:49 GMT

XAU/USD falls to 1,266 amid US PMI data

As it was expected, formation of a symmetrical triangle pattern embodied anticipation of release of the American data on Friday.

Mon, 06 Nov 2017 08:03:02 GMT

USD/JPY reaches July 2017 maximum at 114.50

A release of data that beat analysts' expectations not only signified a breakout from symmetrical triangle pattern but also provided a necessary impulse to reach the maximum of July 2017 located at the 114.50 level.

Mon, 06 Nov 2017 08:01:41 GMT

GBP/USD stuck at monthly S1 at 1.3073

Initially, the Pound tried to restore some and even used a momentum provided by release of better than expected UK Services PMI to climb to the 1.3107 mark.

Mon, 06 Nov 2017 08:00:22 GMT

EUR/USD falls to 1.16 amid surprising US data

A release of better that expected data on the US ISM Non-Manufacturing PMI led to sharp appreciation of the buck against the common European currency and resulted in a breakout from two junior ascending channels.

Fri, 03 Nov 2017 13:23:59 GMT

NZD/USD sticky to channel line

The 55-, 100– and 200-hour SMAs have been leading the Kiwi's movement during the past three sessions.

Fri, 03 Nov 2017 13:22:21 GMT

USD/CAD plunges 63 pips after release

The 1.2910/1.2815 trading range that had confined the rate since October 27 once again proved to be a strong barrier on Thursday.

Fri, 03 Nov 2017 13:20:43 GMT

AUD/USD faces strong resistance

AUD/USD was trading between the weekly and monthly PPs for most of the session on Thursday.

Fri, 03 Nov 2017 13:18:55 GMT

EUR/JPY stranded in narrow range

The movement of the European common currency during the past session has been guided by the 200-hour SMA, as the pair was unable to move away from the given moving average.

Fri, 03 Nov 2017 07:40:29 GMT

XAU/USD forms symmetrical triangle

In result of the previous trading session, the exchange rate has formed symmetrical triangle pattern. A combination of the 55-, 100- and 200-hour SMAs in conjunction with the weekly PP located at 1,274.00 suggests that the pair most probably is going to make a breakout in the upward direction.

Fri, 03 Nov 2017 07:37:38 GMT

USD/JPY anticipates US Employment Change release

Contrary to expectations, none of the yesterday's events, including disclosure of some insights about the new tax reform, created an impulse strong enough to force the pair to make a breakout from the rectangle pattern.

Fri, 03 Nov 2017 07:36:03 GMT

GBP/USD sinks to 1.3040 amid interest rate hike

A long awaited decision to raise the interest rate led to 110 points depreciation of the Sterling against the Dollar.

Fri, 03 Nov 2017 07:34:34 GMT

EUR/USD soars amid Powell pick

The US President Donald Trump named Governor Powell as the new Fed Chair yesterday. However, markets showed little response to this decision, as it was widely expected.

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