Technical Analysis

Later on, better-than-expected US inflation data strenghened the Dollar, thus allowing for a breakout of the 55– and 200-hour SMAs. This hourly plunge was stopped by the weekly PP and the 100-hour S...
Technical Analysis

NZDUSD (0.7376): The New Zealand dollar posted a strong recovery yesterday as price managed to rise back to a one week high. However, further gains can be expected only a close above the previous high...
Technical Analysis

GBPUSD (1.4011): The British pound maintained gains with price rising to a four-day high as the GBPUSD managed to recover back to the previously established range. The resistance level at 1.4037 is li...
Technical Analysis

EURUSD (1.2459): The EURUSD was seen posting strong gains yesterday as the common currency maintained gains for three consecutive sessions. Price action recovered back to the 1.2450 handle as it breac...
Technical Analysis

The British pound has moved sharply higher against the greenback, following much better than expected January CPI inflation figures from the American economy. The GBPUSD pair has now reclaimed the 1.4...