Technical Analysis

USD/CAD keeps increasing, recovering from December downward trend. The pair is approaching hourly resistance at 1.2716 (04/12/2018 high) and distancing support at 1.2466 (15/02/2018 low). The technica...
Technical Analysis

USD/CHF ended its short-term downward trend, heading for further rise along 0.94. Hourly resistance stands at 0.9470 (08/02/2018 high) while hourly support remains at 0.9188 (16/02/2018 low). ...
Technical Analysis

USD/JPY is rising further, approaching hourly resistance at 109.09 (31/01/2018 high). Hourly support remains at 105.55 (16/02/2018). The technical structure suggests short-term upside moves. ...
Technical Analysis

GBP/USD is maintained at the 1.40 range, trading between hourly resistance and support at 1.4151 (05/02/2018 high) and 1.3742 (16/01/2018 low). The technical structure suggests further sideway moves. ...
Technical Analysis

EUR/USD is decreasing further, heading for support at 1.2276 ( 14/02/2018 low). Hourly resistance at 1.2510 (15/02/2018 high) is distanced. The technical structure suggests further downside moves. ...
Technical Analysis

The Pound Sterling has been constrained by a descending channel against the Japanese Yen after the pair touched the upper boundary on February 2. Following a breakout from the upper trend-line, the cu...
Technical Analysis

Despite flashing bullish signals on Tuesday, the bearish momentum took over the market during the first part of the day, as the Euro managed to gather enough momentum to breach the 200-hour SMA and th...
Technical Analysis

Today, the Sterling could continue trading between the 55– and 200-hour SMAs slightly below the 1.40 mark. The northern side is also restricted by the weekly and monthly PPs, while the southern area...
Technical Analysis

The US Dollar continues to gain momentum against the Yen for the third consecutive session. The previously-drawn narrow channel up held strong on Tuesday even when the pair breached several notable re...
Technical Analysis

Tuesday's morning session was spent calmly, as the pair was fluctuating between the 23.60% Fibo and the weekly PP. This still movement changed later in the day when a strong hourly plunge allowed for ...
Technical Analysis

The AUDUSD pair had tried to build a base of support around the 0.78900 level after price moved above this area on the 14th of February. However, the level was breached from above yesterday and, after...
Technical Analysis

AUDUSD is nicely falling away from 0.7988 level, where corrective blue wave b found a top. We can see that Fibonacci ratio of 61.8 also proved to be good region of resistance and helped push price low...