Blogs

<p>The USD/ZAR currency pair has been trading downwards since the middle of May after it failed to exceed the 19.00 level. Given that the exchange rate is pressured by the 55-, 100– and 200-hour moving averages, it is likely that some downside potential could continue to prevail in the market, and the rate could decline […]

<p>The Australian Dollar has surged by 6.74% against the Japanese Yen since June 1. The currency pair tested the upper boundary of an ascending channel pattern at 76.75 on June 8. All things being equal, the AUD/JPY exchange rate could edge lower during the following trading sessions. Bearish traders could target the bottom border of [&hellip

<p>The British Pound has surged by 5.42% against the Japanese Yen since June 1. The currency pair breached the psychological resistance level at the 139.00 area on June 8. After the currency pair tested the upper line of the channel pattern, bears pressured the exchange rate lower. Most likely, the GBP/JPY pair will continue to […]

<p>On Wednesday, the EUR/USD currency pair pierced the monthly R2 at 1.1385. During today’s morning, the pair was trading near the given level. It is likely that the exchange rate could gain support from the 55– and 100-hour SMAs near 1.1340, thus, trade upwards. In this case the rate could reach the Fibo 50.00% at […]

<p>Yesterday, the GBP/USD exchange rate revealed a short-term ascending channel. During Thursday morning, the rate reversed north from the lower channel line. From a theoretical point of view, it is likely that some upside potential could prevail in the market, and the currency pair could reach the weekly R1 at 1.2823. Meanwhile, note that th

<p>On Wednesday, the USD/JPY currency pair declined to the Fibo 38.20% at 106.86. During today’s morning, the pair was testing the given level. Given that the exchange rate is pressured by the 55-hour SMA near 107.50, it is likely that some downside potential could prevail in the market. Note that the rate could gain support […]

<p>Yesterday, the XAU/USD exchange rate raised to the 1,740.00 level. During Thursday morning, the rate was trading near the given level. It is likely that some upside potential could prevail in the market, as gold could gain support from the 55-, 100– and 200-hour SMAs, as well the monthly PP in the 1,707.00/1,722.34 area. In […]

The pound has accelerated its reversal from last week highs near 140.00 last week after breaking below 136.00 support area. Sterling has lost about 1

The EUR/USD pair gained traction and rose to a daily high of 1.1402 during the American session. However, the risk-averse market environment boosted t

USD/CHF is coming up to some key levels. On the weekly chart below, although the price has printed through 0.9430 it seems it could just be a spike. B