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<p>The euro has fallen towards the 1.0800 level as the US dollar continues to strengthen ahead of today’s monthly jobs figure from the American economy. Technical analysis shows that large head and shoulders pattern is present across the four-hour time frame. The neckline of the pattern is located around the 1.0775 level and is the […]

<p>On Thursday, the EUR/USD currency pair declined to the 1.0850 level. During today’s morning, the pair was broke the support level—the weekly S1 at 1.0805. On the one hand, it is likely that a reversal north could occur in the nearest future. Note that the exchange rate would have to surpass the resistance cluster formed […]

<p>Yesterday, the USD/JPY currency pair tried to exceed the 108.00 level. During Friday morning, the pair surpassed the given mark. It is likely that the exchange rate could gain support from the 55– and 100-hour SMA, as well the Fibo 38.20% and trade upwards in the short run. In this case the rate could face […]

<p>On Thursday, the XAU/USD exchange rate raised to the 1,610.00 level. During today’s morning, the rate was consolidating at the given level. It is likely that yellow metal could gain support from the 55-, 100– and 200-hour SMAs and appreciate against the Greenback in the short term. Note that the rate would have to surpass […]

<p>The Euro is falling lower versus the US Dollar for the fifth straight session on Friday. The pair is currently trading 0.3% lower, putting EUR/USD on track for losses in the region of 2.7% across the week. The Euro has been on the back foot across the week, which is not that surprising considering the […]

<p>Cable weakened in European trading, following downbeat UK data which showed Composite and Services PMI’s dropping to its record lows in March (Composite 36.0 from 53.0 and Services 34.5 from 53.2) which showed that negative impact to the UK economy from pandemic is strengthening. Fresh weakness is pressuring the floor of five-day congestio

<p>The junior descending channel has continued to pressure the New Zealand Dollar lower against the US Dollar. The currency pair has declined by 95 basis points or 1.59% in value since yesterday’s trading session. All things being equal, the exchange rate will most likely continue to edge lower during the following trading session. A br

<p>During the first half of Thursday’s trading session, the US Dollar surged by 191 basis points against the Canadian Dollar. However, the currency surrendered the entire gains by the end of the session. Everything being equal, the USD/CAD exchange rate will most likely edge higher today. A breakout through the upper boundary of a desce

<p>The 50– hour simple moving average has been driving the EUR/JPY currency pair lower since March 27. The pair tested March 9 lows at 116.26 during Thursday’s trading session. As for the near future, investors and traders may opt for the Japanese Yen as a safe-haven currency against the euro. The potential target for the […]

Nonfarm payroll numbers from March undershot consensus materially, posting the biggest decline since March 2009. An even bigger plunge will, however,