Pound / Dollar (GBP/USD) remained broadly unchanged after a government report revealed slower than expected growth in the UK during fourth quarter of previous, the pair is likely to extend downside movement till 1.6540, according to technical analysis. As of this writing, the pair is being [Read more...]
NZD/USD surged around 80 pips yesterday to close at 0.8330 with a long bullish engulfing candle which shows considerable upside potential in near future. The pair has formed a classic inverted Head & Shoulder (H&S) pattern on daily chart; a breakout through neckline might expose 0.8540 [Read more...]
Euro / Japanese Yen (EUR/JPY) extended downside movement on Monday ahead of very crucial inflation data about Eurozone, the pair is currently battling 50% fib level resistance, if the inflation data up beats expectations, the pair might break this major resistance level to resume the uptrend. [Read more...]
AUD/CAD is facing rejection near a major resistance zone; the pair might start retracement from current levels as per price action analysis, failing to which will be very bullish for the pair. At the time of writing, the pair is being traded near 1.0000 which is a psychological level and a [Read more...]
Euro extended downside movement against US Dollar on Thursday, after a series of downbeat economic reports, the pair looks set to revisit 1.3500 handle. At the time of writing, the pair is being traded near 1.3692. Immediate resistance can be noted near 1.3753 which is 23.6% fib level. A break [Read more...]
US Dollar / Japanese Yen (USD/JPY) rose on Tuesday after dovish minutes from Bank of Japan (BoJ) monetary policy meeting, the pair hit as high as 102.73 yesterday, investors are seen cautious ahead of FOMC minutes which are scheduled for release today. As of this writing, USD is being traded [Read more...]
Pound Sterling / US Dollar (GBP/USD) closed yesterday with a daily shooting star candle, hence retreating from the highest level since 2009, the pair is eyeing on Britain’s inflation report for the month of January. As of this writing, cable is being traded near 1.6726. Immediate [Read more...]
Gold carried on upside movement on Monday after breaking some very critical resistance levels last week, the yellow metal is expected to take retracement from current levels, as per price action analysis. At the moment of writing in Asian session, bullion futures are being traded near $1325 an [Read more...]
Silver jumped to $20.81 an ounce on Friday after worse than expected US retail sales and jobless claims reports, the white metal is expected to resume downside movement from current levels. At the time of writing, Silver is being traded near $20.78 per ounce in Asia. Immediate hurdle can be [Read more...]
After facing rejection near channel resistance, USD/CHF carried on downside movement on Thursday, the pair is poised for a bearish breakout through daily triangle, according to technical analysis. At the time of writing, the pair is being traded around 0.8965. Near term resistance may be seen [Read more...]