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....
GBPUSD stays above a rising trend line on daily chart and remains in uptrend from 1.4230, and the fall from 1.5997 is treated as consolidator of uptrend. Range trading between 1.5400 and 1.5997 would more likely be...
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...
Fibonacci lines often generate the most heated discussions amongst traders. There are those that swear by them and those that claim the by-product is more haphazard and or random than predictive. If you are not familiar with...
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...
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...
OIL: After struggling for nearly two months to break above Resistance at 79 and break free of the 100 day MA, Oil seems to be under some downwards pressure once again. On the lower half of the...
EURUSDThe pair succeeded is achieving the suggested scenario for last week by trading within the bullish channel shown in the image above. The daily and weekly closing has been achieved above 76.4% Fibonacci correction, previously breached at...
GBPUSD stays above a rising trend line on daily chart and remains in uptrend from 1.4230. Further rise is still possible next week and next target would be at 1.6500 area. Support is at 1.5820, as long...
