Technical analysis of Forex market

Cable traders will remember today for a LONG time. The UK government’s announcement of a “mini” budget cutting taxes and capping energy bills has spooked international investors, leading to a ...
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On the back of fresh data via the PMI flashes out of the EU and UK, which showed that both economies are in contractionary territory, the EUR/USD and GBP/USD are ...
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Cable accelerates below 1.12 mark on Friday and hit new lowest since 1985, in extension of steep bear-leg from 1.1738 (Sep 13 lower top), which is a part of larger ...
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Key Highlights USD/JPY started a downside correction from the 145.90 high. It broke a major bullish trend line at 143.75 on the 4-hours chart. Gold price is still consolidating below ...
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CHFJPY lost almost 2.0% within two hours during Thursday’s European trading hours, plunging to a two-week low of 143.92 before edging slightly higher. The technical oscillators followed the price sharply ...
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AUDUSD broke key support level 0.6700 Likely to fall to support level 0.6600 AUDUSD currency pair recently broke the key support level 0.6700 (previous monthly low from July, which also ...
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The US Dollar Index (DXY) reached its highest level in over 20 years today rising to an intra-day high of 110.87, eclipsing the September 7th highs of 110.79. With the ...
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XAGUSD seems to be forming a correction wave b of the cycle degree, which is part of the global zigzag. It is assumed that the correction b is a primary ...
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Key Highlights AUD/USD declined below the key support at 0.6780. It is facing resistance near 0.6750 and 0.6780 on the 4-hours chart. Gold and crude oil price is showing signs ...
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The Euro turned to red in European trading on Tuesday, following a four-day recovery after a sharp post-US inflation report’s drop. Bounce rose above parity level but failed to register ...
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Natural gas futures (October 2022 delivery) have drifted lower again after their recent advance failed to cross above the 9.210 mark. Even though the latest downward spike seems to have ...
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Sterling falls further on Friday and breaks below 1.14 mark vs dollar, trading at the lowest levels since 1985 during the European session. In addition to persisting pressure from strong ...
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The Euro started a fresh decline from well above the 1.0150 level against the US Dollar. The EUR/USD pair declined below the 1.0100 and 1.0080 support levels. There was close ...
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GBPUSD corrected forcefully to the downside early on Friday, breaking below the critical 1.1400 pandemic low, where the bears halted the 2022 downtrend on September 7. The MACD is extending ...
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USDCAD has been in an uptrend since early August when the price encountered strong support at the 200-day simple moving average (SMA). Moreover, in the past few sessions, the technical ...
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Key Highlights USD/JPY seems to be forming a double top near 145.00. It is testing a major bullish trend line at 142.85 on the 4-hours chart. Gold price declined heavily ...
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Ethereum (ETHUSD) has been in the red so far this week, gradually retreating after almost touching the 1,800 round level. Despite the soft negative mood, the short-term bias has not ...
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Key Highlights Crude oil price started a steady increase above the $85 resistance. It broke a major bearish trend line with resistance at $87.50 on the 4-hours chart. Gold price ...
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The commodity market remains extremely volatile. On Monday, a Brent barrel is declining to 91.50 USD and looks unstable. Previously, the market was afraid that Russia will cut down on ...
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USDCAD is coming lower, after 75bp increased by BoC, but Rogers noted that the rates will need to be rised further. At the same time, we see USD making a ...
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