EURUSD The pair is approaching the retesting levels as shown yesterday around 1.2470 and has bullishly rebound due to the positivity of momentum indicators. The expected direction for today is bullish , supported by momentum indicators, alongside SMA 50 that protects...
EURUSD The pair was able to insure a breach of the neckline at 1.2470 to activate the bullish technical pattern shown in our previous reports, where it succeeded in surpassing resistance for the main bearish channel shown...
USDCAD broke above the falling trend line from 1.0852 to 1.0678, suggesting that a cycle bottom had been formed at 1.0138 level on daily chart, and the fall from 1.0852 had completed at 1.0138 already. Further rally...
EURUSD The pair strongly rushed to the upside attacking the retest level for the previously breached minor bullish channel at 1.2335, due to positive effect from momentum indicators.
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...
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...
EURUSD The pair reached halfway towards the awaited target yesterday at 1.2070, returning to attempt a retest for the previously breached support at 1.2210. Yesterday’s closing below the mentioned levels makes us expect the bearish intraday trend to...
The commodity currencies are trading a volatile range as Oil prices continue to spike in both directions. Therefore, we need to use the major MA’s as a guide more than a specific point of entry.
EURUSD The pair managed to breach support for the minor bullish channel due to the negative effect from momentum indicators on the four-hour chart. Meanwhile, trading is below SMA 50 is adding more pressure on the pair, which...
EURUSD The pair is moving within a narrow range since this morning within the minor ascending channel that is on its way in forming the right shoulder for the suggested bullish technical pattern in our weekly report...
