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...
Technical Analysis

Following the massive hourly advance mid-Wednesday, the yellow metal has made no significant changes to its price level, thus remaining in the 1,350.00/1,360.00 range ever since. If looking at the cha...
Technical Analysis

Crude oil increases back, trading above 61.50. Crude oil is contained between resistance at 64.77 (11/01/2017) and support at 55.82 (07/12/2017 low). The technical structure suggests short-term upside...
Technical Analysis

Silver is trading sideways, showing signs of slowdown, heading toward resistance at 17.07 (09/11/2018 high). Hourly support lies at 16.03 (05/12/2017 low). The technical structure suggests further sho...
Technical Analysis

Gold is recovering after its recent strong sell-off. Resistance at 1366 (25/01/2018) is monitored, as resistance at 1358 (08/09/2017) is broken, thus confirming a strong bullish bias. Supports given a...
Technical Analysis

Bitcoin is trading at 9900 after reaching the 10000 range earlier. Strong support and resistance stand at 5605 (13/11/2017 low) and 12130 (18/01/2018 high). The short-term technical structure suggests...
Technical Analysis

EUR/CHF is weakening after reaching resistance at 1.1585 (19/10/2018 high) and heading for 1.15. Hourly resistance is at 1.1685 (26/01/2018 high) while strong resistance remains at 1.1833 (15/01/2018 ...
Technical Analysis

EUR/GBP stabilizes slightly below resistance resistance at 0.8929 (12/01/2018 high). Hourly support remains at 0.8687 (25/01/2018). The technical structure suggests further short-term sideways move. ...
Technical Analysis

AUD/USD quickly bounced back from 0.7773 (14/02/2018 low) and continues its hike, approaching resistance at 0.7999 (17/01/2018 high). Hourly support remains at 0.7638 (15/12/2017 low). The technical s...
Technical Analysis

USD/CAD slows down its descent. The pair heads toward the range of 1.2450. Hourly resistance is maintained at 1.2748 (24/11/2017 high) and new support is given at 1.2251 (31/01/2018 low). The technica...
Technical Analysis

USD/CHF keeps on weakening. The declining trend line heading for 0.9175 remains intact. Hourly resistance stands at 0.9559 (24/01/2018 high) while further resistance remains at 0.9668 (17/01/2018 high...