Sample Category Title

The U.S dollar has recovered above the key 105.24 level against the Japanese yen, as risk-on trading sentiment spreads through global financial markets. Reports that China is preparing to concede on a number of key trade issues with the U.S, has seen traders move away from the perceived safety of the Japanese yen currency. The USDJPY pair retains a bullish intraday bias whilst trading back above the 105.24 level, with traders now look to the release of March U.S Consumer Confidence data.

The USDJPY pair is bullish while trading above the 105.24 technical level, further upside towards 106.00 and 106.45 remains possible.

Should the USDJPY pair fall back below the 105.24 level, price-action will turn bearish, with key support then found at 105.00 and 104.64 levels.

The euro currency has moved back towards key technical support against the U.S dollar, after hitting an intraday price-high of 1.2475, during the European trading session. The EURUSD is only technically bullish whilst trading above the 12430 level, a key technical level the single currency has previously struggled to hold above. Moving into the U.S trading session, demand for riskier asset classes and the release of U.S Consumer Confidence data are likely to set the intraday trading tone.

The pair retains a strong bullish bias while trading above the 1.2430 level, key technical resistance is found at the 1.2475 level, and the 2018 EURUSD price-high, located at the 1.2555 level.

If the EURUSD pair holds price-action below the 1.2430 level for a sustained period, sellers are likely to test towards the 1.2400 and 1.2382 technical support levels.

Crude oil bullish trend starts back, approaching hourly resistance at 66.66 (25/01/2018 high) and currently trading at 65.70. The technical structure suggests short-term increase.

In the long-term, crude oil has recovered after its sharp decline last year. However, we consider that further weakness is very likely. For the time being, the pair lies in an upside trend since June 2017. Support lies at 42.20 (16/11/2016) while resistance is located at 77.83 (20/11/2014). Crude oil is trading largely above its 200 DMA.

Silver bullish trend continues, currently given 16.715 and expected to head along the 16.80 range. Silver is currently contained between hourly support and resistance given at 16.03 (18/12/2017 low) and 16.98 (15/02/2018 high). The short-term technical structure suggests fruther short-term rising moves.

In the long-term, the trend remains negative/ sideways. Further downside is very likely. The pair is trading below its 200 DMA. Resistance is located at 21.58 (10/07/2014 high). Strong support can be found at 11.75 (20/04/2009).

Gold is slightly decreasing following recent rise at 1357, heading along the 1350 range. Hourly support and resistance are given at 1300 (29/12/2017 low) and 1366 (25/01/2018 high). The technical structure suggests short-term downward moves..

In the long-term, the technical structure suggests that there is a growing upside momentum. A break of 1'392 (17/03/2014) is required to confirm it. A major support can be found at 1'045 (05/02/2010 low).

Bitcoin is trading sideways at the 8000 range following recent rise at 9096 (22/03/2018 high). Bitcoin is expected to head along the 8200 range. The pair is contained between hourly support and resistance given at 6797 (06/02/2018 low) and 10232 (01/02/2018 high). The technical structure suggests further short-term sideways trading moves.

In the long-term, the digital currency has had an exponential growth but also presented important downturns. There is decent likelihood that the currency could stabilize between 7'000 - 12'000 in 2018. Bitcoin is approaching its 200 DMA (7500 range).

EUR/CHF is starting a consolidation phase at the 1.1764 range, approaching hourly resistance at 1.1779 (05/01/2018 high). Hourly support remains at 1.1599 (01/12/2017 low). The shortterm technical structure suggests short-term consolidation.

In the longer term, the technical structure has reversed. Strong resistance is given at 1.20 (level before the unpeg). Yet, the ECB's slowing QE program is likely to cause buying pressures on the euro, which should weigh in favour of the EUR/CHF. Support can be found at 1.0234 (20/04/2015 low).

EUR/GBP is bouncing down from 0.8790, declining along the 8770 range. Hourly support and resistance are given at 0.8652 (17/11/2017 low) and 0.8834 (14/12/2017 high). The technical structure suggests short-term downward moves.

In the long-term, the pair has largely recovered from 2015 lows. The technical structure suggests further upside pressure. Strong resistance can be found at 0.9500 (psychological level) while support remains at 0.8304 (05/12/2016 low). The pair is trading below its 200 DMA.

AUD/USD is declining following recent rise at 0.7758, heading along the 0.7715 range. Hourly support and resistance are given at 0.7638 (15/12/2017 low) and 0.7810 (28/12/2017 high). The technical structure suggests short-term increase.

In the long-term, the upward trend slows down after failing to reach key resistance at 0.8164 (14/05/2015 low). Key support stands at 0.6009 (31/10/2008 low). A break of the key resistance at 0.8164 (14/05/2015 high) is needed to invalidate our long-term bearish view.

USD/CAD is declining following recent rise at 1.2922, approaching hourly support given at 1.2805 (12/03/2018 low). Hourly resistance remains 1.3308 (23/06/2017 high). The short-term technical structure suggests short-term decrease.

In the longer term, the pair is trading between resistance point at 1.3805 (05/05/2017 high) and support at 1.2128 (18/06/2015 low). Strong resistance is given at 1.4690 (22/01/2016 high). The pair is likely to head lower. The pairs is trading above its 200 DMA.