Technical Analysis

EUR/GBP is heading lower. The pair has failed to hold above broken support at 0.8791 (07/11/2017 low). Resistance is located at 0.8943 (27/11/2017 high). Expected to go even lower. ...
Technical Analysis

AUD/USD's downside pressures continue to increase. Hourly resistance is given at a distance at 0.7897 (13/10/2017 high). Key support at 0.7535 (22/06/2017 low) has been broken. Expected to go even low...
Technical Analysis

USD/CAD has bounced back after testing hourly support lies at 1.2667 (10/11/2017 low). Hourly resistance stands at 1.2917 ( 27/10/2017 high). Expected to show further bearish consolidation. ...
Technical Analysis

USD/CHF's volatility is lower. The pair lies in a short-term bullish momentum. Yet, the technical structure indicates further downside risks. The pair has failed to hold consistently above the parity....
Technical Analysis

GBP/USD is bouncing back. The technical structure indicates an extension of bullish momentum. Support is given at a distance at 1.3320 (07/12/2017 low). Expected to show continued decline towards 1.33...
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. ...
Fundamental Analysis

The Loonie appreciated against the US Dollar to touch the intraday high, following the Ivey PMI report on Thursday. The USD/CAD exchange rate rose 12 base points or 0.09% to bounce back to the pre-dat...
Fundamental Analysis

The Sterling was little changed against the Greenback, following the UK housing price growth data from Halifax. GBP/USD was in a side move early Thursday, though the pair gained 54 base points or 0.40...
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...
Fundamental Analysis

US economic data will be in the spotlight on Friday, as investors assess the latest nonfarm payrolls report. The data series is arguably the most closely watched calendar release of the month and has ...
Fundamental Analysis

More and more eyes are going to be focused on one particular number which matters the most; the US Non-Farm payroll data. Perhaps, there is no economic data which commands more attention than this. It...