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<p>Cable fell to new one-week low at 1.2406 on Friday after attempts above 1.25 barrier stalled at 1.2522. Firmer dollar which extends positive tone into third consecutive day, keep sterling at the back foot, after the UK government announced the coronavirus lockdown extension for at least three more weeks. Flat daily momentum and RSI, along

<p>During the past days, some governors of various US states have seemingly made efforts to gradually reopen businesses and ease social-distancing guidelines. Last night, US President Donald Trump affirmed it was up to governors of individual states to determine when it will be most appropriate to lift restrictions. Optimism on reopening part

<p>GBPJPY is turning slightly lower over the last few days touching the 40-day simple moving average (SMA) and the 50.0% Fibonacci retracement level of the down leg from 144.95 to 124.00 at 134.48. Technically, the RSI indicator is challenging the neutral threshold of 50, while the MACD entered the positive territory but it travels with [&hel

<p>On Thursday, the EUR/USD currency pair tested the support level – the weekly S1 at 1.0823. During today’s morning, the pair was re-testing the given support. It is likely that the exchange rate could be pushed down by the 55-, 100– and 200-hour SMAs near 1.0900. In this case the rate could target the psychological […]

<p>Yesterday, the GBP/USD exchange rate consolidated in the 1.2480 area. During Friday morning, the rate was testing the Fibo 50.00% at 1.2418. If the given support level holds, it is likely that a reversal north could occur. Note that the currency pair would have to surpass the 55– and 100-hour SMAs in the 1.2500 area. […]

<p>Yesterday, the USD/JPY currency pair tried to surpass the weekly S1 at 108.03. During Friday morning, the pair was trading at 107.80. # On the one hand, the exchange rate could gain support from the 55– and 100-hour SMAs near 107.60. Note that the rate would have to surpass the 200-hour SMA and the Fibo […]

<p>On Thursday, the XAU/USD exchange rate failed to exceed the 1,740.00 level. During today’s morning, the rate was trading at 1,690.00. Note that yellow metal is squeezed by 55-, 100– and 200-hour moving averages, located near 1,716.00 and 1,684.00 respectively. Thus, the rate could consolidate in the nearest future. However, if the 20

<p>The British pound currency is once again starting to move lower against the US dollar as the greenback gains strength into the weekend. Technical analysis shows that the 1.2380 level offers critical technical support if a breakout under the 1.2400 level takes place. GBPUSD buyers need to move price above the 1.2480 level today in […

<p>The euro currency has slipped sharply lower against the US dollar during the European trading session, with the pair approaching the 1.0800 level. The lower time frames show that the strongest form of technical support below 1.0800 is found at the 1.0770 level. Bulls need to close the daily candle back above the 1.0880 level […]

<p>The Turkish lira extends steep fall against dollar which has strongly accelerated in past three month. The currency holds in red for the sixth straight day and eyes psychological 7.00 level. Bears are likely to clear this barrier easily and attack Aug 2018 record low at 7.1074, but traders fear that lira could fall further. […]