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<p>EURUSD has been making lower highs and higher lows since the end of March on the four-hour chart, forming a shape of a symmetrical triangle, which looks to be at risk at the moment. The momentum indicators are currently indicating that bearish pressures exist as the RSI seems to be resuming negative momentum below its […]

<p>The common European currency declined by 68 pips or 0.58% against the Japanese Yen on Wednesday. The decline started after the exchange rate tested the upper boundary of a descending channel pattern at 117.16 during yesterday’s trading session. All things being equal, the currency pair could continue to edge lower. The possible targe

<p>The Aussie Dollar has surged by 88 pips or 1.40% against the US Dollar since Wednesday’s trading session. The currency pair tested the upper boundary of a descending channel pattern at 0.6356 on Thursday morning. Given that the exchange rate is trading near the upper line of the descending channel pattern, a breakout might occur [&he

<p>The US Dollar has declined by 110 pips or 0.77% against the Canadian Dollar since yesterday’s trading session. The currency pair tested the 100– hour simple moving average support level at 1.4127 on Thursday morning. If the exchange rate surpasses the support level formed by the 100– hour SMA, the next target for the USD/CAD [&hellip

<p>The Kiwi Dollar declined by 83 pips or 1.38% against the US Dollar on Wednesday. The exchange rate tested the weekly support level at 0.5921 during Wednesday’s trading session. The currency pair bounced off from the weekly S1 at 0.5921 during the first part of Thursday’s session. Most likely, the NZD/USD pair will continue to [

<p>The Euro extended weakness through 1.08 handle and hit two-week low (1.0784) on Thursday. Near-term structure weakened after Wednesday’s eventual close below important Fibo support at 1.0831 (61.8% of 1.0635/1.1147 upleg) which generated initial signal of breaking out of sour-day range (1.0811/1.0896). Downbeat PMI data from France, German

<p>AUDUSD appears to have stalled between the 0.6449 level – that being the 61.8% Fibonacci retracement of the down leg from 0.7031 to 0.5506 – and the 50.0% Fibo of 0.6268, after the latest shove up reversed ahead of the falling trend line, drawn from December 31. The price is gaining above the 50-day simple moving […]

<p>WTI crude oil futures are recovering somewhat after the sharp collapse to a multi-year low of 6.62 on Tuesday. The renewed selling interest broke the 19.32 strong barrier (resistance now – support before) to the downside, opening the way for steeper declines. However, currently, the momentum indicators are suggesting a possible upside pull

<p>Trump turns up the aggression with Iran, oil likes it But quite unlikely that this is a sustainable rebound Euro suffers after terrifying PMIs, awaits EU leaders meeting Stocks recover, yet safe havens thrive too Oil prices recover as Trump rattles sabers with Iran All the troubles in the oil market were magically resolved by […]

<p>In Germany, the lockdown easing is under way but Confidence is falling. In Germany, the lockdown easing is under way as shops have been allowed to open, and people are required to wear face masks in public as a compulsory act. However, May Gfk Consumer Confidence fell unexpectedly to -23.40 this morning as it was […]