Category: Technical analysis of Forex market

The GER30 index put in a rally, pushing upwards off the 11,266 low of August 15. The price surpassed 11,580, which is the 23.6% Fibo…

The pair stands at the front foot for the third straight day and tests again pivotal Fibo barrier at 106.68 (38.2% of 109.31/105.05 bear-leg, which…

EURUSD surrendered most of its monthly gains and dropped below 1.1100 after finding a wall around the 50-day simple moving average (SMA) and the 1.1230-1.1250 area. Technically,…

Today’s price action in the US Dollar (DXY) gave the markets reason for a pause in its ascent back towards the recent highs near 99.00,…

The ZAR/JPY currency pair has been trading downwards since the end of July after it reversed south from the upper boundary of the long-term descending…

The Turkish Lira has been appreciating against the Japanese Yen within the ascending channel since the beginning of May. As apparent on the chart, the…

The CAD/CHF currency pair has been trading down since the beginning of July after the pair failed to surpass the resistance level located near the…

The CHF/JPY exchange rate has been trading between the 109.74/108.00 range since the beginning of August. The Swiss Franc depreciated about 1.53% in value against…

Silver topped near its 2018 peaks this week before pulling slightly back, with the MACD and the RSI pointing now to a neutral-to-bearish mode in…

The US dollar is starting to recover above the 106.00 level against the Japanese yen currency as the greenback comes back into demand. The USDJPY…