EURUSDThe pair fluctuated near the previously breached pivot support levels at 1.2730, with attempts to stabilize above it. Note that, the last week’s closing level was exactly at these levels, accordingly, preserving our expectations of adownside wave during this week, supported...
USDJPY may be forming a cycle bottom at 83.62 level on daily chart. Key resistance is at the falling trend line from 92.88 to 88.11, a clear break above the trend line resistance will confirm the cycle...
EURUSDThe pair was stuck above resistance for the previously breached bearish channel and below the retest level 1.2730; whereas momentum indicators lost bullish momentum and thereby maintaining chances of achieving yesterday’s suggested bearish scenario intact. We expect a...
EURUSDThe pair continues to fluctuate around resistance for the bearish short term channel until it recently breached this resistance at 1.2695, finally fluctuating to show a bullish technical pattern that is near completion.
USDCAD: We found this chart to be quite interesting. We are using a weekly chart below and what we clearly see is the range the CAD has been trading versus the Greenback. On a daily chart you...
EURUSDThe pair pushed to correct the bearish wave mildly, according to the suggested scenario in yesterday’s reports and returned to negatively pressure it to resume trading within the current bearish trend. We notice that momentum indicators have...
EURUSDThe pair was able to achieve the suggested bearish scenario yesterday as it neared the initial key target around 1.2570, but managed to currently push for some bullish correction due to the positive signs which are appearing...
EURUSDThe pair was able to complete forming the expected bearish technical pattern in our last reports, achieving the daily and weekly closing below the breached neckline at 1.2730; therefore, making us to expect a bearish direction for this...
USDJPY may be forming a cycle bottom at 84.72 level on daily chart. Key resistance is at the falling trend line, a clear break above the trend line resistance could confirm the cycle bottom, then the following...
EURUSDThe pair ascended quickly towards 1.2900 but managed to built its base once again in front of the pair’s attempts to move to the upside due to support from SMA 50, where it reversed to the downside to...
