Technical Analysis

During the past few weeks, the British Pound has been depreciating heavily against the Swiss Franc. The depreciation occurred after the pair hit the weekly R1 at 1.3439. The Pound Sterling has stopped...
Technical Analysis

The US Dollar has been constrained by a descending channel against the Swiss Franc after hitting a resistance at the 200—hour simple moving average on January 10. The currency pair has been bouncing...
Technical Analysis

Even though the Euro was pushed slighty lower during the Asian session early on Tuesday, the market is expected to be guided by bulls, especially if the combined support of the 200-hour SMA and the 23...
Technical Analysis

The US Dollar continues to gain value against its Japanese counterpart for the third consecutive session. The pair breached the 55– and 100-hour moving averages and the upper boundary of a two-week ...
Technical Analysis

NZDUSD (0.7363): The New Zealand dollar remains firmly supported above the 0.7333 level with the declines off the recent highs being only gradual. However, we expect that in the near term, NZDUSD coul...
Technical Analysis

GBPUSD (1.3978): The British pound was seen posting declines after last Friday's retest to 1.4121. The declines could be seen extending towards 1.3902 level in the near term. On the 4-hour chart, the ...
Technical Analysis

EURUSD (1.2387): The EURUSD was seen trading within a small range yesterday but price action managed to close on a bearish note. With price now trading close to the support level established around 1....
Technical Analysis

Gold Short Term Elliott Wave view suggests that Intermediate wave (X) ended with the decline to 1306.96. Up from there, the yellow metal is rallying in 5 waves impulse Elliott Wave structure where Min...