Technical analysis of Forex market

STOCKS Dow (25857.07, -0.23%) dipped in yesterday’s session and could head lower to test 25750 as mentioned in the earlier edition. Some bearishness in the near term is a possibility ...

Key Highlights The British Pound found support near 1.2900 and recovered against the US Dollar. There is a major bullish trend line formed with support at 1.2840 on the 4-hour ...

Cable surged in early US trading on Monday and hit new five-week high at 1.3051 after EU Brexit negotiator Barnier said that it is realistic to expect deal with Britain ...

CHFJPY has lost its positive momentum after the bounce off the six-month high of 115.30 on August 30. According to the RSI, the market could maintain negative momentum in the ...

Key Highlights The Euro formed a short-term top at 1.1733 and declined against the US Dollar. There was a break below a connecting bullish trend line with support at 1.1630 ...

STOCKS Stock indices are all mixed. While Dow is likely to remain stable, Dax and Shanghai has some more room on the downside. Nifty and Nikkei looks bullish after bouncing ...

The markets in the past week have experienced various movements in a variety of sectors, ranging from Index’s to currencies. The decline in gold had been a major issue and ...

The dollar surged across the board after US Non-farm payrolls beat forecast in Aug, with 201K new jobs created vs forecasted 191K and downward-revised previous month’s release to 147K. Unemployment ...

EURGBP pulled back in recent days, after touching a one-year high of 0.9098 on August 28. Earlier on Friday, it broke below an upside support line drawn from the lows ...

The chart below on a daily time-frame displays evidence that the pair GBP/USD is attempting to break out of the downward channel which is indicated in light blue. Additionally, the ...

The chart below shows the pair EUR/USD to have formed a bullish pattern which is clearly indicated below in the form of a reverse head and shoulder pattern. The projection ...

The EUR/USD has reached a significant resistance. There is a trend linealong with D H4/ W H3 confluence that holds the pair from proceedingfurther. However, a bounce above 1.1655 aims ...

The US dollar remains under pressure against the Japanese yen currency, as traders await the release of Non-farm payrolls job report from the United States economy. The USDJPY pair has ...

The British pound is starting to consolidate around key resistance against the greenback, ahead of the release of the United States Non-farm payrolls job report. The bearish head and shoulders ...

GBPJPY has been moving in a narrow range with an upper boundary the 144.20 resistance level and lower boundary the 142.60 support level, over the last week. Currently, the price ...

WTI oil is consolidating on Friday after three days of strong losses when the price fell from $71.38 (04 Sep spike high / strong upside rejection) to $66.99 (two-week low) ...

Key Highlights The US Dollar struggled on two occasions to break the 111.80 resistance against the Japanese Yen. There was a double top pattern formed with resistance at 111.80-82 on ...

The weather isn’t the only thing taking a turn for the worse as summer winds to a close; the so-called FANG stocks (Facebook, Amazon, Netflix, and Google/Alphabet) that led the ...

The Euro remains constructive in early US trading but still lacking momentum for retest of Asian high at 1.1659 and attack at daily cloud, which provides strong headwinds despite being ...

There’s a bit of calm in the markets today. Emerging market currencies on the whole have stopped falling, stocks are finding a bit of support and commodities are also firmer ...