Foreign Exchange

Daily chart: The USDX remains strong on a bullish trend, because this is consolidating above the 200 day moving average and the latter have been bullish candlesticks. It is likely that during this week, the USDX achieved up to resistance at the 82.51 level. Recall that this level is very strong and could slow the […]

Daily chart: This pair has made a successful bullish rebound on the support at the level of 1.5506. It is very likely that this is the formation of a higher low pattern, so that it continues to drop. If the GBPUSD manages to break this support, it is expected to fall to the level of […]

Yesterday, the markets opened with gaps, which are visible on hourly charts. Since then the JPY pairs have trended northwards, indicating a bullish outlook. Generally, there would be great volatility in the markets. EURUSD: In a vivid Bearish Confirmation Pattern, this pair has been trending downwards, following further weakness in the market. The price is […]

Daily chart: The USDX remains consolidating above the SMA 200, forming a lower high pattern above this SMA 200. Last week, we said that the USDX could rise to resistance at the 82.51 level, but this would be a very difficult scenario to occur, due to the global uncertainty, for a possible U.S. military intervention […]

Daily chart: This pair has made a bullish rebound on the moving average of 200 and the beginning of the week, it opened with an upward gap. However, it is known that the GBPUSD could fall back to the support at 1.5506 level, because this has to fill the space left by the gap. If […]

The EURUSD fell by roughly 170 pips last week, closing at 1.3222. There would be some short-lived bullish attempts this week, but the general outlook remains bearish. EURUSD: The EURUSD fell by roughly 170 pips last week, closing at 1.3222. There would be some short-lived bullish attempts this week, but the general outlook remains bearish. […]

Daily chart: The GBPUSD is finding strong support on the level of 1.5506. If the pair manages to break that level, it is expected to fall to the level of 1.5407, below the 200 day moving average. For now, there is a possibility that the GBPUSD will do a bullish rebound on the current levels […]

Daily chart: The USDX was able to break very strong resistance at the 81.50 level and now this is consolidating above the 200 day moving average. It is likely that the start USDX form a lower high pattern to continue up to the next resistance level at 82.51. However, we must be very careful with […]

Pound Sterling The Pound spent most of the week softer against its peers as concerns over possible military action against Syria was the main driving force behind the markets. Tuesday’s session saw the Pound fall against the Euro following the release of positive data out of the Eurozone and as tensions over Syria saw investors […]

The USDCHF has gone upwards this week. Having moved upwards by over 100 pips, the next resistance level to be breached is 0.9350. EURUSD: This pair has moved downwards by more than 150 pips in this week. Trading below the resistance line of 1.3250, the next price target may be the support line at 1.3200. […]