Technical Analysis

Yesterday's trading session ended exactly as expected. Initially, the Euro was climbing against the Dollar. However, once the currency rate has reached combined resistance formed by the weekly and mon...
Technical Analysis

In result of the previous trading session the cable made a rebound from a combination of the 55-, 100- and 200-hour SMAs as well as the weekly PP at 1.3415 just as expected. ...
Technical Analysis

In line with expectations, the falling 55-hour SMA did allow the bullion to recover against buck. As a result, the rate was forced to find support at the 50% Fibonacci retracement level located at 1,2...
Technical Analysis

NZDUSD (0.6925): The NZDUSD currency pair closed bullish yesterday as price action is looking to maintain the bullish momentum. Following the consolidation off the triangle pattern formed near the bot...
Technical Analysis

USDJPY (113.50): The USDJPY attempted to post further gains but with price action closing with a doji candlestick pattern on the daily chart, we expect the rally to stall in the short term. The downsi...
Technical Analysis

EURUSD (1.1769): The EURUSD was trading flat although intraday volatility picked up. Price action spiked to a two-day high, but the gains were short lived. We expect that the sideways price action wil...