The Sterling traded lower on Wednesday as it was not able to hold onto its gains made over the previous trading sessions. The GBP now finds itself in a position that will test the fortitude of those...
The JPY has continued to gain against the USD and the Yen now finds itself in the stronger parts of its range versus the major currencies. Japanese export companies will certainly not be happy with the value...
GBP/USD Open 1.4943 High 1.5073 Low 1.5018 Close 1.4940 On Wednesday Pound/Dollar decreasing resumed, not exactly matching the weak negative Interbank sentiment at only around -1%. The Cable depreciated from 1.5073 to 1.4933 yesterday, closing the day...
The EUR/USD pair took off during yesterday’s trading session. The rally was supported by low demand for loans offered by the ECB to European banks. Investors realized European banks might be in better financial conditions than previously...
Crude succeeded in achieving yesterday’s suggested bearish direction, where it was able to breach pivotal support 75.20 as trading currently stabilizes at support for the bullish short term channel at 74.60.
EURUSD SMA 50 was able to halt the pair’s upside push as bearish signs helped it through Stochastic indicator, where the pair is currently heading towards pivotal support around 1.2150; representing the suggested neckline for the bearish technical...
EUR/USD Open 1.2229 High 1.2297 Low 1.2169 Close 1.2232 After the sharp descend at the beginning of the week, on Wednesday Euro/Dollar adjusted upwards. The European currency rose from 1.2169 to 1.2297, in line with the Interbank...
Earlier on a 4-hour timeframe the NZD/USD currency pair has formed Doji candle on upward trend. Favorable fact for downward motion is that this candle has developed around strong resistance
Crude strongly pushed to the upside after breaching 75.75 but halted at the MA 50, in addition to 38.2% Fibonacci correction, standing as a barrier in front of achieving more upside movement.
EURUSD The pair strongly rushed to the upside and is nearing the retest level for yesterday’s breached channel around 1.2315. The 50 MA is attempting to impede restrict more bullish movement, with stochastic entering overbought areas. Our...
