Blogs

<p>After managing to hold the key support area around $1700 on Wednesday, gold has managed to a climb higher over the past couple of days. The precious metal has been boosted by several factors. First, because of a falling US dollar, with the Dollar Index breaking below its 200-day average thanks to a corresponding rally […]

<p>Notes/Observations Risk appetite hesitant ahead of President Trump’s planned press conference on China; concerns of escalating tensions could have an adverse economic impact. Plethora of disappointing EU inflation and GDP data did little to phase any optismism over the EU’s recent proposal of the Recovery Fund Asia: China Embas

<p>EURGBP surged towards a fresh two-month high of 0.9055 earlier today after picking up momentum above the 0.9000 resistance. Meanwhile, in technical indicators, the RSI is hovering in overbought zone, while the blue %K line of the stochastic oscillator is turning slightly down suggesting a potential downside retracement in the near term. In

<p>The euro currency is testing towards the 1.1100 resistance level against the US dollar, as the pair continues its strong upside breakout. Traders will be attempting to perform a positive weekly and monthly price close for the EURUSD pair today. Medium-term technical analysis shows that the 1.1060 level is a key technical support area that

<p>Ethereum is starting to rally back towards the April monthly trading high, as the second largest cryptocurrency stabilizes above the $220.00 level. The $235.00 and $250.00 resistance levels are the key upside targets that ETHUSD bulls are focusing on. Due to its positive correlation, continued gains in the BTCUSD pair towards the $10,000 l

<p>During the first part of Thursday’s trading session, the New Zeland Dollar surged by 50 pips or 0.81% against the US Dollar. However, the currency pair abandoned the initial gains at the end of the US session on Thursday. The exchange rate bounced off the 50– hour simple moving average at 0.6193 during the Asian […]

<p>Yesterday, the XAU/USD exchange rate traded sideways in the 1,720.00 area. During Friday morning, the rate was testing the 200-hour SMA near 1,730.00. If the given moving average holds, it is likely that a reversal south could occur in the nearest future. Note that the rate could gain support from the 55-hour SMA near 1,715.00. […]

<p>On Thursday, the USD/JPY currency pair declined to the lower line of the short-term ascending channel. During today’s morning, the pair breached the given channel south and dropped to the weekly S1 at 107.12. If the given support level holds, it is likely that a reversal north could occur, and the exchange rate could exceed […

<p>Yesterday, the GBP/USD exchange rate tried to surpass the 1.2340 level. During Friday morning, the rate was testing the support formed by the 55-hour SMA, the weekly R1 and the monthly S1 in the 1.2290 area. If the given support holds, it is likely that a reversal north could occur in the nearest future. Note […]

<p>On Thursday, the EUR/USD currency pair raised to the upper line of the medium-term channel at 1.1090. During today’s morning, the pair breached the given channel north. It is likely that the exchange rate could gain support from the weekly R2 and the monthly R1 in the 1.1100 area. Thus, some upside potential could prevail […]