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<p>On Tuesday, the EUR/USD currency pair tried to surpass the resistance formed by the 55– and 100-hour SMAs near 1.0860. During today’s morning, the pair pierced the given resistance. It is likely that the exchange rate could re-test the resistance cluster formed by the Fibo 23.60%, the weekly PP and the 200-hour SMA in the […]

<p>Spot gold price rose above $1700 mark on Wednesday as global stocks are in defensive, prompting investor into safer assets. The price is gaining positive momentum after pullback from new multi-year high at $1747 repeatedly failed to make a clear break below initial Fibo support at $1678 (23.6% of $1455/$1747). Tuesday’s strong downside rej

<p>The USD remained largely unchanged, maintaining any gains made in the past days as the market seems to still be nervous after the sudden oil price drop. It should be noted that OPEC members are discussing about production cuts, while U.S. President Trump announced that the U.S. will be increasing its strategic petroleum reserve, yet [&hell

<p>GBPJPY is heading slightly higher after the drop to the 131.87 support level. However, the decline in the simple moving averages (SMAs) and the Ichimoku indicators suggest the continuation of the descending movement in the short-term timeframe. Moreover, the MACD oscillator is heading south in the negative zone, though, the RSI is sloping

<p>The New Zealand Dollar has declined by 3.55% against the Japanese Yen since last week’s trading sessions. The currency pair tested the lower boundary of an ascending channel pattern at 63.74 on April 21. Given that the exchange rate is currently trading near the bottom border of the ascending channel pattern, a breakout might occur [

<p>The New Zealand Dollar has surged by 3.26% against the Canadian Dollar since April 6. The currency pair tested May 31 high level at 0.8570 during Monday’s trading session. As for the near future, the NZD/CAD exchange rate will most likely continue to trend bullish. Bulls could drive the price towards the 0.87000 area during […

<p>The euro remains trapped in a narrow range against the US dollar as bulls and bears continue to battle for short-term control of the pair. EURUSD bulls could stage a strong upside rally towards the 1.0940 level is they can move price above the 1.0880 level this week. To the downside, weakness below the 1.0830 […]

<p>The British pound has staged a strong recovery against the US dollar currency, with the pair now approaching the 1.2350 support level. The GBPUSD pair may have found an important price floor at the 1.2250 level and could rally back towards the 1.2450 technical regions. GBPUSD dip-buyers target the 1.2800 resistance level over the medium-te

<p>The common European currency surged by 88 basis points or 0.76% against the Japanese Yen on Tuesday. The currency pair breached thee 50– and 100– hour SMAs during Tuesday’s trading session. The exchange rate will most likely continue to trade bullish within this session. A breakout through the upper boundary of a descending channel p

<p>The Australian Dollar declined by 85 basis points or 1.35% against the US Dollar on Tuesday. The currency pair tested the weekly support level at 0.6267 during Tuesday’s trading session. The exchange rate bounced off from the weekly S1 at 0.6267 on Wednesday morning. Most likely, the AUD/USD pair will continue to edge higher during [