Technical analysis of Forex market

EURUSD Medium Term Bearish Below 1.2275

The euro has continued to slide lower against the greenback, with price-action so far finding weekly technical support from just above the key 1.2275 support level. The EURUSD pair is ...
Read More

Further GBPUSD Losses Expected Below 1.4000

The British pound has moved back towards the 1.4000 support area against the U.S dollar, with the pair unwinding close to two-hundred and fifty points from Tuesday’s weekly trading-high. The ...
Read More

GBPUSD Elliott Wave View: Calling The Bounce Higher

GBPUSD Elliott Wave short-term sequence from 3/01 low (1.3709) ended as a Leading Diagonal structure in Minor wave 1 at 1.4248 high in 5 waves. Down from there, the pair ...
Read More

GBPAUD Can Be In For A Bearish Reversal; 1.8510 Can Offer A Top

Good day traders! Today’s focus is on GBPAUD and its intra-day look. GBPAUD made a clear impulsive rally at the start of March, labelled as sub-wave C of a bigger ...
Read More

USDCAD – 20SMA Continues to Cap Recovery Despite Strong US and Downbeat Canadian Data

The pair showed limited reaction on better than expected US weekly jobless claims (215K vs 230K f/c) and downbeat Canadian GDP data (m/m Jan GDP -0.1% vs 0.1% f/c and ...
Read More

GBPUSD – Remains Vulnerable On Further Pullbacks

GBPUSD – The pair weakened further on Wednesday opening for more declines in the days ahead. Support lies at the 1.4050 level where a break will turn attention to the ...
Read More

Sterling Further Bearish Below 1.4087 Level

The British pound continues to unwind against the U.S dollar, with downside selling pressures building and price-action now trading well below the 1.4087 key support level. The U.S dollar index ...
Read More

EURUSD Pair Testing 1.2300 Support Level

The euro continues to trade to the downside against the greenback, as the U.S dollar index pushes higher, and euro sellers starting to probe the 1.2300 support level. The EURUSD ...
Read More

NZDUSD Extends Downtrend After Breaking Below 0.7200

NZDUSD turned increasingly bearish after a bounce off the 0.7300 handle on Tuesday, breaking below the 0.7200 strong psychological level yesterday. Today the pair continues to head lower, but the ...
Read More

Forex Analysis: USDCAD And AUDUSD

Canadian GDP will be released later today showing slight growth. The USDCAD pair has slipped into a sideways pattern below the area of the red trend line, shown here on ...
Read More

CRUDE OIL Bouncing Off

Crude oil continues its recovery phase after reaching 63.72 low, approaching the 65.20 range. Silver is currently contained between hourly support and resistance at 62.85 (19/01/2018 low) and 66.66 (25/01/2018 ...
Read More