Crude managed to build the expected base on 75.75 and bullishly rebound, but it is facing a hard time surpassing the sideway range shown above, which is at 76.50. The suggested morning scenario is activated, thus we...
EURUSD The pair has been moving to the downside since this morning due to the effect of the strength from the pivotal resistance at 1.2330 that is currently forming resistance for the bearish channel that seems to...
USD/JPY Open 89.93 High 90.58 Low 89.49 Close 89.80On Wednesday Dollar/Yen continued descending, in line with the Interbank sentiment at nearly -62%. The currency couple depreciated from 90.58 to 89.79 yesterday, closing the day at 89.80. Today...
The 100 Days MA is standing against the upside attempts for the index, where it resides around 50% Fibonacci correction around 10360-10400, also accompanied by negative signals on Stochastic which forced the pair to reverse to the...
EUR/USD The Dollar fell for a second day in a row against the Euro after the Federal Reserve re-stated its pledge to hold the benchmark interest rate near zero for an “extensive period”.
GBP/USD Open 1.4964 High 1.5000 Low 1.4802 Close 1.4954On Wednesday Pound/Dollar continued recovering, as expected, in converse with negative Interbank sentiment at nearly -26%. The Cable appreciated from 1.4802 to 1.4970 yesterday, closing the day at 1.4954....
Crude succeeded in achieving yesterday’s suggested bearish technical pattern flawlessly, where it managed to achieve key targets while keeping in mind that it was not able to build a base below the pivotal level 75.75.
EURUSD The pair has attempted to breach pivotal support 1.2240, but was not able to build a base below it to push to the upside to achieve yesterday’s awaited targets flawlessly, as it currently stabilizes at the...
GBPUSD: We spoke about this move the other day. Price was pushing up against trend line Resistance just as the 50 day moving average was hitting the same level. This combination exerted tremendous pressure against the GBP.
The Dollar weakened on all fronts yesterday as the Fed kept rates lower than 0.25%. Today, another volatile trading session is expected as the U.S. Core Durable Goods Orders and the weekly Unemployment Claims are scheduled for...
