Blogs

<p>EURCHF is making another attempt to close above the 50-day simple moving average (SMA) on Tuesday, sending the price to a four-week high of 1.6010. The strengthening RSI and the improving MACD are endorsing the move up. However, A bearish trend is well intact on the daily chart and only a decisive rally above the […]

<p>WTI crude oil futures have come under renewed selling pressure, falling back below the 38.2% Fibonacci retracement level of the downward wave from 36.22 to 6.75 at 18.03. The technical indicators, though, are sending some bullish signals, suggesting that the softness in the market may pause. The RSI has reversed higher near oversold levels

<p>The Fed concludes its meeting at 18:00 GMT on Wednesday and having thrown everything including the kitchen sink to protect the US economy in the battle against the virus, no action is expected this time. As such, the market reaction may depend mainly on Chairman Powell’s remarks half an hour later. From a risk-management perspective, [&hel

<p>The Australian currency strengthened against the USD yesterday, reaching the highest point since mid-March before correcting lower in today’s Asian session. The market’s confidence may have gotten another lift as lockdown measures tend to ease in various parts of the world in an effort to restart economies, world-wide. Analysts noted that

<p>On Monday, the EUR/USD currency pair traded sideways in the 1.0840 area. During today’s morning, the pair skyrocketed to the Fibo 23.60% at 1.0868. If the given level holds, it is likely that a reversal south could occur in the nearest future. In this case the exchange rate could gain support from the 55-, 100– […]

<p>Yesterday, the GBP/USD exchange rate consolidated in the 1.2420 area. During Tuesday morning, the rate jumped to the weekly R1 at 1.2500. On the one hand, it is likely that some upside potential could continue to prevail in the market. In this case the currency pair could exceed the psychological level at 1.2550. However, if […]

<p>Yesterday, the USD/JPY currency pair traded sideways around the weekly S1 at 107.20. During Tuesday morning, the pair dropped below the 106.80 level. It is likely that the exchange rate could be pressured by the Fibo 38.20%, the weekly S2 and the monthly PP near 106.85. Thus, some downside potential could prevail in the market. […]

<p>On Monday, the XAU/USD exchange rate breached the short-term ascending channel south. During today’s morning, the rate touched the 1,695.00 level. Given that yellow metal is pressured by the 55– and 100-hour SMAs near 1,718.00, it is likely that some downside potential could prevail in the market. In this case the rate could decline

<p>A junior ascending channel pattern guided the Pound Sterling against the Canadian Dollar during last week’s trading sessions. The currency pair tested the bottom border of the junior channel on April 24. Most likely, the exchange rate will continue to edge higher in the junior ascending channel pattern within this week’s tradin

<p>The British Pound has declined by 6.69% against the Australian Dollar since the beginning of April. A breakout occurred through the lower boundary of an ascending channel pattern during last week’s trading sessions. Technical indicators flash sell signals on both the 4(H) and the daily time-frame charts. Therefore, bearish traders co