The AUD/USD pair rose during the session as the 1.03 level seems to be holding as support. We still have significant resistance at 1.04, and we still feel that we’re consolidating overall between the 1.02 and 1.06...
Weekly chart Gold Forecast- The price has stopped on the 1790 resistance level for the third time (red small arrows) and in addition it is possible to see that the trend line connecting the lows is used...
Monthly chart GBP/USD Forecast- It is still impossible to know the direction of the price while it is congregating into a symmetric triangle marked with black broken lines and moving sideways to the length of the Bollinger’s...
Monthly chart Last review EUR/USD Forecast- The price has corrected the last downtrend which started on the 1.5000 price level (red broken line) towards the 38.2% correction level by reaching the 1.3150 price level and immediately went...
After an optimistic labor market report last Friday, which showed that American employers added more workers than forecast to payrolls in October, risk confidence in the financial markets wane anew, and the USD/CAD is seen likely to...
With Greece back in the spotlight as it struggles to secure a bailout tranche needed to ward off a potential bankruptcy, the Euro is deemed to lose ground alongside its British counterpart today.
The US dollar saw gains against virtually all of its main currency rivals on Friday, following a better than expected Non-Farm Payrolls report which boosted confidence in the American economic recovery.
Better than expected US jobs data resulted in appreciation of the greenback against most of the FX majors. The Dollar has appreciated across the basket, wherein the Cable fell by more than 90 pips, the Euro by...
The USD/JPY pair rose during the session broke through the 80.50 level showing strength for the US dollar. On the weekly chart, we closed above the 80 handle for the first time in several months, in this...
The USD/CAD pair fell for most of the session on Friday, but bounced significantly in order to close above the 0.9950 level. The candle looks quite a bit like a hammer, and it should be noted that...
