EURUSD: After falling through 1.29 six days ago the EUR has failed to generate a close back above that level after several attempts. The EUR has found short term Support at the 100 day moving average as...
GBPUSD broke below the uptrend line on daily chart, suggesting that lengthier consolidation of uptrend from 1.4230 is underway. Deeper decline is still possible next week and target would be at 1.5300-1.5400 area. Resistance is at 1.5715,...
EURUSDThe pair ascended quickly towards 1.2900 but managed to built its base once again in front of the pair’s attempts to move to the upside due to support from SMA 50, where it reversed to the downside to...
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...
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....
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...
