The EUR/JPY cross extends its choppy trend into the European morning and remains capped below 134 handle in recent dealings amid broad based US dollar comeback. EUR/JPY fails once again near 100-DMA Currently, the EUR/JPY pair trades modestly flat at 133...
The bid tone on the USD recovered in Asia, leading to a drop in the GBP/USD from the high of 1.5196 ahead of the UK trade balance data and BOE rate decision. Back below key Fib At 1.5175, the pair is trading below 1.5185 (23.6% Of July 2014-April 2015 plunge...
H4 price is on the primary bullish market condition with the secondary breakout: the price broke SMA with period 100 (100 SMA) and SMA with the period 200 (200 SMA) from below to above to stop in the bullish area of the chart near 1.1052 resistance level...
The offered tone around the shared currency is helping EUR/GBP to test session lows in the 0.7245/40 band so far. EUR/GBP eyes on UK’s ‘Super Thursday’ After climbing as high as 0.7280 earlier in the week, the European cross has deflated to the current 0...
EUR/USD has surrendered initial gains and is now returning to test the 1.1000 neighbourhood ahead of the opening bell in Europe. EUR/USD retakes 1.10 The selling mood around the US dollar has taken the pair back above the psychological handle at 1...
Research Team at Goldman Sachs, notes that the ECB's new measures fell short of market expectations. Key Quotes “Besides the cut in the deposit rate from -0.2% to -0...
The USD/CHF pair bounced-off two-month low near 100-DMA and now extends higher towards the mid-point of 0.98 handle. USD/CHF heading towards daily pivot at 0.9867 Currently, the USD/CHF pair trades 0.16% higher at fresh session highs of 0.9849, having found renewed bids near 100-DMA placed at 0...
The Aussie reverses a knee-jerk rally on stellar Australian jobs data and now trims gains to now trade below 0.73 handle. AUD/USD boosted on upbeat Aus jobs Currently, the AUD/USD pair trades 0.83% higher at 0.7290, easing-off fresh three-day highs to 0.7346...
EUR/USD’s upbeat momentum faltered near 1.1050 - key resistance in the previous session, and the price retreated thereon and now looks to give away 1.10 handle as we head into the late-Asian trades. EUR/USD off monthly highs, attacks 1.1000 Currently, the EUR/USD pair loses -0.13% and trades at 1...
Goldman Sachs updated their long-term forecast for EUR/USD with more bullish than in previous one: the price will be droped to 1.07 for 3 months instead of 1.02 as the previously forecasted, half a year forecast is 1.05 instead of 1.000, and one year fiorecast is 1.0000 instead of 0...
GBPUSD: Having rallied strongly to reverse its three-day weakness to close higher on Wednesday, GBPUSD faces further bullish offensive. This development leaves more upside threats likely towards the 1.5200 level. Support lies at the 1.5100 level where a break will turn attention to the 1...
The EURUSD high reached 1.10296. The 200 day MA is at 1.10304. The 100 day MA is at 1.10606. The pair is not showing signs of giving up just yet either. The corrections are shallow. The broken trend line at 1.0996 is the last level to be broken. That is now close support...
After ending a volatile session witnessed on Wednesday on an upbeat note, the yellow metal extends its recovery mode into Asia and holds firmer above 1070 barrier. Gold: Unable to sustain at higher levels Currently, gold trades 0.15% higher at 1073...
USD JPY, “US Dollar vs Japanese Yen” More detailed structure is shown on the H1 chart. It looks like the price is about to finish the wave e in the (iv). On Wednesday, the market may rebound from the triangle’s lower border and start moving upwards in the wave i of (v...
USD JPY, “US Dollar vs Japanese Yen” Probably, the market is still forming the wave (v). It’s highly likely that the price has formed the horizontal triangle in the wave (iv). In the future, the pair may start another ascending movement and break its local high...
GBP USD, “Great Britain Pound vs US Dollar” As we can see at the H1 chart, Pound has formed the zigzag in the wave (v), the bullish impulse in the wave (a), and then the wave (b). It’s highly likely that in the nearest future the pair may grow in the wave (c) of [ii]...
The EUR/JPY pair fell on yen's strength, although remains within its recent range. A technical breakout of the USD/JPY which triggered stops was behind the EUR/USD decline towards 133.51 in the American afternoon...
GBP USD, “Great Britain Pound vs US Dollar” After finishing the descending diagonal triangle, Pound started the correction. Later, the price formed the ascending impulse in the wave (a). Later, after completing the local correction, the pair may resume its growth in the wave (c...
