Blogs

<p>Cable probes above 200DMA (1.2668) in early Monday after Friday’s close was exactly at 200DMA, with the action being underpinned by big weekly bullish candle (the pair was up 2.8% last week). On the other side, bulls face strong headwinds from weekly cloud base (1.2736) which may result in consolidation before fresh attempts higher. Daily

<p>Bitcoin continues to move in a narrow trading range ahead of the US session, as price remains trapped between the $9,300 to $9,800 level. A loss of the $9,300 support area could see the $9,000 support level tested, while an upside breakout could see price revisit the $10,100 area. Given the current bullish trend in […]

<p>The US dollar is increasing bullish against the Japanese yen currency, as the pair continues to trade above the 109.00 support area. Technical analysis shows that a bullish reversal pattern has formed, following the recent breakout above the 109.40 level. The size of the bullish pattern indicates that the USDJPY pair could rally towards th

<p>Gold price started a steady decline from well above the $1,720 level against the US Dollar. The price broke the $1,700 support zone to move into a bearish zone. There was even a close below the $1,700 level and the 50 hourly simple moving average. It traded as low as $1,670 on FXOpen and it […]

<p>During the previous trading session, the XAU/USD exchange rate dropped to the monthly S1 at 1,679.34. During Monday morning, the rate raised to the 55-hour SMA near 1,700.00. If the given resistance holds, it is likely that a reversal south could occur. If the given support level holds, it is likely that the price for […]

<p>At the end of last week, the GBP/USD exchange rate raised to the 1.2700 level. During Monday morning, the rate consolidated at the given mark. It is likely that the currency pair could gain support from the 55– and 100-hour SMAs in the 1.2600 and extend gains in the short term. In this case the […]

<p>On Friday, the EUR/USD currency pair raised to the monthly R2 at 1.1385. During today’s morning, the pair is testing the support provided by the 55-hour SMA near 1.1300. If the given moving average holds, it is likely that some upside potential could prevail in the market, and the exchange rate could re-test the monthly […]

<p>Australia’s Dollar surged by 67 pips or 0.97% against the US Dollar during Friday’s trading session. The currency pair breached the psychological resistance level at 0.7000 on Friday. The exchange rate is expected to make a pullback towards monthly and the weekly PPs at the 0.6884 area within this session. However, a support le

<p>The US Dollar declined by 115 pips or 0.85% against the Canadian Dollar on Friday. The currency pair was pressured lower by the 50– hour simple moving average during Friday’s trading session. The exchange rate is currently trading near a support level formed by the monthly S2 at 1.3425. If the USD/CAD pair breaks the […]

<p>The New Zealand Dollar surged by 54 pips or 0.84% against the US Dollar on Friday. The currency pair tested the upper boundary of an ascending channel pattern at 0.6517 during Friday’s trading session. Most likely, the exchange rate will make a brief retracement towards a support level formed by the 50– hour simple moving […]