Technical Analysis

GBPAUD made a nice five-legged drop from 1.8000 level, which can be regarded as the first sign for a locked in top, and for a minimum three-wave bearish reversal to be underway. After the five wave dr...
Technical Analysis

NZDUSD (0.7392): Price action in the New Zealand dollar looks somewhat similar to most of the other major currency pairs. After posting a fresh high, NZDUSD has also formed a double top pattern at the...
Technical Analysis

GBPUSD (1.4023): The British pound was seen easing back on Friday as price touched the previous support level of 1.4121 to establish resistance. The reversal at this level on the daily time frame indi...
Technical Analysis

EURUSD (1.2408): The EURUSD was seen easing back on Friday after price action rallied to a fresh three year high. By Friday's close, the euro currency was seen closing with a strong bearish price acti...
Technical Analysis

The common European currency has reached the upper boundary of a large-scale triangle against the British Pound. As shown on the chart, the currency exchange rate has formed a flag. The pair tested th...
Technical Analysis

After reaching the 61.50% Fibonacci retracement level, the GBP/NZD pair began to surge, however, the 200– hour simple moving average is restricting the price movement north. This retracement can be ...
Technical Analysis

Contrary to expectations, the Euro managed to maintain its strong upward momentum during the previous session and climb to a three-year high of 1.2550 by Friday morning. This marks a 85 pip advance ag...
Technical Analysis

The Sterling continues to advance against the US Dollar for the second consecutive day, driven by weaker US Dollar in the global market. The rate hindered slightly near the weekly R1 at 1.4065 on Thur...
Technical Analysis

Bears have managed to take advantage of the weaker US Dollar, thus pushing USD/JPY to a new 2017/2018 low of 105.65. As a result, the pair was testing the weekly S3 and the lower boundary of two preva...