Technical analysis of Forex market

Early in August, Brent is slightly correcting downwards ad trading at $43.37. While the news flow is quite calm, investors continue monitoring supply and demand in the oil sector, and ...
Read More

Gold price followed a strong bullish path above the $1,950 level against the US Dollar. The price even surged above $1,960 and traded to a new all-time high above the ...
Read More

The pair bounced strongly on Friday (up 1.5% for the day so far) after bears faced headwinds and were rejected at 104 zone. Oversold studies and month-end profit-taking contributed to ...
Read More

GBPAUD made U-turn after printing a bullish hammer candle near a one-year low of 1.7693 last week. Since then, the price managed to take the 20- and 50-day simple moving ...
Read More

GBPUSD advanced considerably to an almost five-month high of 1.3142 during Thursday’s session, posting six green candles in a row in the 4-hour chart. The MACD oscillator is strengthening its ...
Read More

The US 100 stock index (cash) drifted higher and above the previous peak of 10,743 on Thursday, hinting that it is not ready to give up its positive trajectory yet ...
Read More

On Thursday, the EUR/USD currency pair reached new 2019/2020 high at 1.1903. During today’s morning, the pair reversed south. From the one hand, it is likely that some downside potential ...
Read More

Yesterday, the GBP/USD exchange rate reached the 1.3100 level. During Friday morning, the rate was testing the 1.3150 level. It is likely that the currency pair could face the resistance ...
Read More

On Thursday, the USD/JPY currency pair continued to trade downwards. During today’s morning, the pair tested the monthly S2 at 104.18. Given that the exchange rate remains under pressure of ...
Read More

Yesterday, XAU/USD exchange rate revealed a rising wedge pattern. During Friday morning, the rate was testing the upper pattern line. From a theoretical point of view, it is likely that ...
Read More

Key Highlights USD/JPY settled below the main 106.00 support and dived below 105.00. Key resistances are forming near 105.00, 105.40 and 106.00 on the 4-hours chart. The US GDP contracted ...
Read More