Technical analysis of Forex market

AUD/USD Makes Brief Retracement

The Australian Dollar depreciated about 35 base points against the US Dollar on Tuesday. The decline could be considered to be a brief retracement from the upper boundary of an ...
Read More

WTI Price Extends Consolidation after Bulls Stalled at Key Fibo Barrier

WTI oil price managed to regain traction and edge higher on Tuesday after Monday’s fall was contained by 100DMA ($59.31). Larger uptrend from $50.59 low showed initial signs of stall ...
Read More

USDCHF Reverses Higher But Remains Bearish in Medium Term

USDCHF rebounded on the 38.2% Fibonacci retracement level of the upleg from 0.9185 to 1.0235 near 0.9830 during yesterday’s trading session, touching the 20-day simple moving average (SMA). In the ...
Read More

Gold Continues To Stay Flat

The precious metal remained stuck in a range near the highs above 1400 for four consecutive weeks. Equity markets meanwhile pushed higher as the US corporate earnings get underway. Markets ...
Read More

GBPNZD Continues Bearish Trend; Accelerates on Break of Swing Low

GBPNZD, consumed by a two-month downtrend from a seven-month high of 2.0020, had sellers today grab the reins once again to restart another bearish rally south. The momentum indicators confirm ...
Read More

EUR/USD Could Reach Above 1.13

On Monday morning, the EUR/USD traded above the support of the 55-hour simple moving average. Meanwhile, the rate had no technical resistance as high as the weekly R1 at 1.1307 ...
Read More

EURAUD Declines Sharply, Touching 38.2% Fibonacci

EURAUD has been underperforming in the past three days, challenging the 38.2% Fibonacci retracement level of the upward wave from 1.5340 to 1.6445 near 1.6025. The pair bounced off the ...
Read More

USD/CAD Flirting with YTD Lows Near 1.3050 – Will it Break Down?

The greenback is near the bottom of the relative strength charts for the third day in a row as traders rush to (re)price in the potential for multiple interest rate ...
Read More

Nikke100 and USD/JPY – Are The Stock Market and xxx/JPY Ready To Rumble?

Hello traders and welcome back to the US session! USDJPY made a nice bullish daily candlestick and looking on the intraday, we can see a nice five-wave rally, so seems ...
Read More

EUR/USD Outlook: Euro Eases from Key Barriers on Better than Expected US Data

The Euro moves lower in early US trading on Friday as stronger than expected US PPI data inflated dollar. The pair repeatedly failed to close above strong 1.1254/85 resistance zone ...
Read More

Gold Loses Steam, after Rallying Out of Long-Term Trading Range

Gold lost steam in the last weeks, after a rally that began at the beginning of June. Price moved sideways after the break above the upper boundary of the three-year ...
Read More