AUDUSD remains in uptrend from 0.8315. Further rise to 0.9300 resistance zone is still possible next week, and minor consolidation would more likely be seen after reaching the resistance zone. Key support is at 0.8905, any pullback...
GBPUSD stays above a rising trend line on daily chart and remains in uptrend from 1.4230. Further rise is still possible next week and next target would be at 1.6500 area. Support is at 1.5820, as long...
EURUSD continues its upward movement and the rise from 1.1876 extended to as high as 1.3333 level. Support levels are at 1.3119 and 1.2900, as long as these levels hold, uptrend is expected to continue and further...
Crude achieved an ascend from this morning where it returned to sharply move to the downside nearing vital support to trade today at 81.55. Momentum indicators are still showing negative signs that support morning expectations; thus, we...
EURUSDThe pair neared the bullish channel that has currently ascended to 1.3150; therefore no change it evident on the suggested morning scenario, as long as stability is above 1.3115 as we await for the release of the US...
On Thursday, the European Single Currency increased slightly against the US dollar following the disappointing US Labor market data.
After the index recorded the top at 88.70 the index reversed lower structurally within the downside channel shown over daily basis above, where this channel is leading the index to breach the downside correctional levels so far...
The USD remained in a faithful range on Thursday setting the path for the always important Non Farm Employment Change numbers today. Trading across the board yesterday proved to be cautious.
EURUSDThe pair is trading near support for the bullish channel which is ascending towards 1.3145, while SMA 50 supports this channel. This support’s stance encourages us to expect a bullish intraday trend; targeting once again pivotal resistance 1.3250 in...
Crude has found strong support around 81.55 and thereby this support will form the neckline for the bearish technical pattern shown in the image below, alongside clear overbought signs appearing on momentum indicators. We expect a bearish intraday trend that will...
