EURUSDThe pair was able to breach 1.2830 and stabilize below it and thereby activating yesterday’s suggested bearish direction; therefore, we can expect a bearish intraday trend targeting first the breach of the vital support for the short term...
The JPY is oft seen as the recent barometer for risk aversion. Historically speaking the Bank of Japan (BOJ) prefers a weak JPY as Japan relies heavily on exports to support their GDP growth. The BOJ is...
EURUSDThe pair continued fluctuating around pivotal 1.2830, accompanied by the stochastic entering overbought areas and therefore pointing to chances of resuming the expected bearish overall direction this week. From here, we expect a bearish intraday trend that targets...
EURUSDThe pair succeeded at achieving a sharp descend, where it has halted at pivotal support 1.2730 that represents the suggested neckline for the bearish technical pattern, which could help resume more bearish movement on the short run....
After touching 84.82 (2009 low) support, USDJPY rebounded from 84.72, suggesting that a cycle bottom is being formed on daily chart. Further rally would more likely be seen in next several days and target would be at...
EURUSDThe pair is finding difficulty in breaching 1.2830 the pivotal support from the positivity of momentum indicators that have started to gradually lose bullish momentum, thereby pointing to near chances of resuming more negative pressure on the...
EURUSDThe pair has sharply descended since yesterday touching 61.8% Fibonacci correction around 1.2830 and rebound to the upside calmly, due to the positive effect of momentum indicators. We expect a breach of the previous bullish channel that...
EURUSDThe pair breached the support line for the bullish channel appearing on the image above, where a possibility of a bearish technical pattern’s neckline is at 1.3115. These factors make us expect a bearish intraday direction, but keep in mind...
GOLD: Just a week and half ago Gold look poised to test the 200 day moving average. However, after 8 straight sessions in the black, Gold retook the 100 day MA and has now tested the 50...
EURUSDThe pair is trading within a narrow range since this morning with a bearish bias due to the negative effect of momentum indicators. Our expectations remain intact, represented by the weekly report as we await the pair...
