Technical Analysis

EUR/USD's bearish momentum is very strong. Hourly resistance is given at 1.1961 (27/11/2017 high). Hourly support given at 1.1714 (21/11/2017 low). Expected to show continued decline. ...
Technical Analysis

As the Congress managed to avoid government shutdown, the Dollar continued to gain value against the Yen, simultaneously passing the monthly PP and the 50% Fibonacci retracement level at 113.00. At th...
Technical Analysis

Even though the exchange rate was moving in a falling wedge formation and was about to reach the bottom trend-line of a medium-term descending channel, the rebound did not happen. Instead, the pair co...
Technical Analysis

The euro has continued to extend weekly losses against the U.S dollar overnight, with the pair now trading around the 1.1760 level. A clear break below the 1.1780 level intensified technical selling i...
Technical Analysis

Take a look at the levels that I've put the markers on. That's pretty obvious previous short term support turned resistance. The qualifier for this trade is the fact that price is trending down and th...
Technical Analysis

XAUUSD (1248.74): Gold prices fell to a 5-month low yesterday following the breach of the support level at 1262.80 level. Price action on the 4-hour chart currently shows an inside bar being formed. A...
Technical Analysis

USDJPY (113.33): The U.S. dollar posted strong gains following the rebound off the 112.00 level of support. Price action remains biased to the upside especially after breaching the 113.20 level of res...
Technical Analysis

EURUSD (1.1763): The EURUSD continued to post declines to the downside for the third consecutive day. Price action is seen nearing the support level at 1.1704. This will see a retest of the support le...
Technical Analysis

Nasdaq Short Term Elliott Wave view suggests that Intermediate wave (3) ended at 6429.5 and Intermediate wave (4) pullback is proposed complete at 6231.75. Subdivision of Intermediate wave (4) is unfo...