The EUR/GBP pair is still rising in a counter-trend rally although it has hit stiff resistance from the 50-day MA. A break above 0.7926 would provide strong confirmation of a continuation higher and target the 0.7962 highs....
The EUR/JPY recently broke out of its ascending wedge pattern but the rally has stalled and a pull-back has occurred which could go deeper given the strength of the first leg and reach perhaps to 97.70 where...
The aussie has broken down through a major trend-line and then recovered. There is a strong possibility the up-trend will resume and return to the 1.0610 highs as the final fifth wave higher unfolds – a move...
The EUR/USD pair has pulled back and re-tested the neckline of the inverted H&S at 1.2440 and it will probably continue its rally from here, targeting 1.2550 first, which is the top of the channel, and then...
Eurodollar has broken above the 1.2385 highs and will probably now run all the way up to the 1.2440 level, although there may be a short pull-back to the support line at 1.2380 first. It is possible...
USD Dollar gained versus the euro and the yen on Wednesday. Sterling was the only currency, which closed the session at the opening prices versus USD. As for today, a lot of significant releases will be coming...
USD Major currency pairs traded within narrow ranges and closed the trading day almost at their opening prices. However, dollar managed to gain versus the yen, driven by the increase in the US treasury yields. Turning to...
The USD/JPY is trading in a sideways range and there is a strong possibility it may continue. It is currently falling within this range and there is a strong possibility that if it breaks below the 76.4%...
The EUR/USD has pushed higher and it if moves above the 1.2442 highs again then it could rise further, targeting the monthly pivot at 1.2636. The inverted H&S at the lows on 4-hour chart increases the possibility...
The pound is still consolidating and moving broadly sideways. Yesterday’s spike-down means the exchange rate has hit its range lows. It is currently beginning a recovery rally although the 50-day MA is resisting. A move above 1.5620...
