Blogs

<p>EURCHF has been in a descending trend since April 2019 and is currently hovering near the five-year low of 1.0517. In the short-term, the price is lacking direction as it remains within the 1.0650 – 1.0517 channel over the last month and is capped by the simple moving averages (SMAs). According to the technical indicators, […]

<p>On Wednesday, the EUR/USD currency pair tested the upper boundary of the medium-term descending channel. During today’s morning, the pair broke the given level. Note that the exchange rate is supported by the 55-hour SMA near 1.0870. Thus, some upside potential could prevail in the market. However, note that the rate would have to su

<p>Yesterday, the GBP/USD exchange rate breached the short-term descending channel north. During Thursday morning, the rate was testing the resistance formed by the Fibo 50.00% and the weekly R1 at 1.2420. It is likely that the currency pair could gain support from the 55-, 100– and 200-hour SMAs in the 1.2320 and trade upwards in […]

<p>Yesterday, the USD/JPY currency pair consolidated in the 108.80 area. During Thursday morning, the pair maintained its consolidation. Note that the exchange rate could gain support from the 55– and 100-hour SMAs and trade upwards in the short term. In this case the rate would have to surpass the weekly R1 at 109.24. If the […]

<p>The pair is moving within the narrow range for the second day, with action being capped by 100DMA (108.96) and falling thin daily cloud. Daily indicators are bearishly aligned (negative momentum is rising and stochastic heads south) that adds to limiting factors. US weekly jobless claims seen near record high of last week (forecast for [&h

<p>On Wednesday, the XAU/USD exchange rate consolidated at the 1,650.00 level. During today’s morning, the rate raised to the 1,660.00 mark. Given that yellow metal is supported by the 55-hour moving average near 1,652.00, it is likely that some upside potential could prevail in the market. In this case the rate could exceed the 1,680.0

<p>The Euro edged higher after Wednesday’s fall as bullish momentum on daily chart exists and thin rising daily cloud attracts. Slight optimism in the market also helps but strong resistances that lay ahead and double recovery failure suggest that upside attempts might be limited. Eurogroup meeting is in focus today and if EU fin mins [

<p>EURUSD appears to be restricted by the 100-period simple moving average (SMA) after finding some support from the mid-Bollinger band around the 1.0838 level, that being the 23.6% Fibonacci retracement of the down leg from the 13-month high of 1.1496 to the multi-year low of 1.0635. The undecided pair is currently confined within a near-ter

<p>NZDUSD created a higher low at 0.5921 and strengthened above the middle Bollinger band, which is also the 20-day simple moving average (SMA), increasing hopes for further improvement in the short-term. The RSI could add to the positive signals if it manages to climb comfortably above its 50 neutral mark. Moreover, to attract investors’ att

<p>USDJPY recorded a stunning upside rally last month towards a one-month high of 111.70, recouping the previous strong losses to the 41-month low. In the preceding week, though, the pair was on the backfoot before it returned slightly up, and the technical indicators suggest a sideline move in the short-term. The RSI is currently flattening