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...
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...
GOLD: Just a week and half ago Gold look poised to test the 200 day moving average. However, after 8 straight sessions in the black, Gold retook the 100 day MA and has now tested the 50...
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...
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...
USDJPY’s downward movement from 92.88 extended to as low as 85.02. Further fall towards 84.82 (2009 low) could be seen next week, a break below this level will target 82.00 or even lower.
EURUSDThe pair neared the bullish channel that has currently ascended to 1.3150; therefore no change it evident on the suggested morning scenario, as long as stability is above 1.3115 as we await for the release of the US...
EURUSDThe pair is trading near support for the bullish channel which is ascending towards 1.3145, while SMA 50 supports this channel. This support’s stance encourages us to expect a bullish intraday trend; targeting once again pivotal resistance 1.3250 in...
EURUSDThe pair is moving according to our morning suggested scenario nearing the initial key target at 1.3250; therefore, we maintain our morning expectations intact as long as stability is above 1.3110.
EURUSDAfter the 76.4% Fibonacci level showed a strong stance in front of the pair’s upside movement, the pair descended to near support for the bullish channel that organizes the correction trend that has started near the bottom at...
