Category: Technical analysis of Forex market

As of Tuesday 15th October: Traders increased net-long exposure on USD by $2.1 billion to $20.4 billion, their most bullish stance in 17 weeks (up…

On Thursday, the XAU/USD exchange rate reversed south from the upper boundary of the medium-term descending channel at 1,497.30. During today’s morning, the rate was…

Since Thursday, the USD/JPY currency pair has been trading sideways at the 106.60 level. Given that the exchange rate is supported by the 100-hour moving…

The British pound is starting to trade towards the 1.2850 level against the US dollar, after the pair hit its highest trading level since May…

The Euro puled back after probing above daily cloud top (1.1123) in strong advance that was driven by Brexit deal announcement and pound’s reaction on…

USD/CAD gathered strong bullish momentum on Wednesday and is currently trading near the key 1.3340 resistance level, which the bulls could not successfully overcome for…

The USD/JPY is neutral prior to the NFP. Today’s NFP should spark volatility in markets. Average Hourly Earnings m/m, Non-Farm Employment Change and Unemployment Rate…

GBPUSD rallied on Thursday as it followed through higher on the back of its Wednesday gain. Support lies at 1.2350 area with a break below…

Cable accelerated higher in early US trading on Thursday, signaling possible break of four-day congestion, after long-tailed candles of past two days added to idea…

Short-term technical outlook on EUR/GBP Key Levels (1 to 3 days) – advertisement – Pivot (key support): 0.8870 Resistances: 0.9020 & 0.9060/9100 Next support: 0.8800/8785…