Technical Analysis

The common European currency was in a retreat against the Greenback on Thursday, as the currency exchange rate traded above the 1.0650 mark. Previously, the currency pair made an attempt to move past ...
Technical Analysis

Yesterday the GBP/USD currency pair successfully climbed over the immediate resistance, namely the weekly PP, but just barely. Overall, the Cable appears to have entered a consolidation phase, with th...
Technical Analysis

The US Dollar once again slid versus the Japanese currency, continuing to gravitate towards the 112.00 major level. However, a drop below the 111.60 mark, namely the 11-week low, is doubtful, as this ...
Technical Analysis

The yellow metal traded rather flat during the early hours of Thursday's trading session. However, it is still set to gain, as the bullion was only searching for a support level which could continue t...
Technical Analysis

In Wednesday's report you may recall that our desk highlighted the possibility of a bounce materializing from the H4 mid-way support at 1.0650. Our rationale behind this approach came from seeing a se...
Technical Analysis

Currencies and stocks struggled for direction this Wednesday, with major pairs confined to tight, familiar ranges, and the dollar firmer during the first half of the day, and pressured in US trading h...
Technical Analysis

Dollar Index (100.31) is stuck in the range of 100.00-101.00 for the last couple of sessions and requires a break above 100.75-101.00 to confirm a fresh uptrend. The immediate trend is neutral with bi...
Technical Analysis

USD/CHF tested and then turned back down from parity (1.0000) on Wednesday as the US dollar continued to be weighed down. Pressure on the dollar since the beginning of the year – after the dollar-ra...
Technical Analysis

While the commodity isn't as left field as XAU/AUD, the higher time frame resistance level in Oil that we identified back at the start of the month is back in play and worth another look. First up as ...
Technical Analysis

The common European currency's fall against the US Dollar was paused in the first hours of Wednesday's trading session, as the currency exchange rate made more attempts to pass the support cluster loc...
Technical Analysis

The British currency surprised with its performance on Tuesday, having fully recovered from its intraday low of 1.2350 and closed above the 1.25 mark. However, the Cable was still unable to climb over...
Technical Analysis

A technical correction has been registered yesterday, causing the USD/JPY to almost completely erase Monday's losses. The pair, however, still remains in a bearish trend, where it traded for more than...
Technical Analysis

On Wednesday morning the yellow metal fluctuated below the weekly R1, which is located at 1,233.81. The fluctuations are very similar to what occurred during Tuesday's trading session. However, there ...