AUD/USD on Tuesday once again failed to break 0.8821, a key resistance level, on third consecutive day, thus repeated rejection from the same level shows the vulnerability of the pair. At the moment of writing in Asian session Aussie Dollar is being traded at 0.8804 against the greenback. [Read more...]
GBP/USD nosedived on Friday after Bank of England’s Mark Carney comments about interest rate however on Monday we saw a rebound from 50% fib level and since then cable is continuing upward movement. At the moment of writing in Asian session the pair is being traded at 1.6611 thus [Read more...]
USD/JPY traded mixed on Monday after a ministry of finance report showed increased trade deficit and Bank of Japan (BoJ) hinted no additional easing. The pair hit as low as 101.75 during Asian session and then rebounded to 102.76. At the moment of writing pair is being traded around 102.49, [Read more...]
Silver spiked from $19.63 to $20.28 per ounce on Thursday after disappointing employment figures released by the US labor department, white metal however gave up some gains later on and closed at $20.03. At the moment of writing in Asian session, precious metal is being traded at $20.03, [Read more...]
Gold yesterday closed in negative territory around $1236 per ounce after worse than expected growth and slow industrial production in China. The yellow metal is likely to extend correction up to $1221 that is 50% fib level of recent move. At the moment of writing in Asian session the precious [Read more...]
GBP/JPY on Tuesday closed at 171.68 with a shooting star originating from 76% fib level. The pair had printed a lower high in previous wave on daily chart that shows medium term downtrend in price. At the moment of writing in Asian session the pair is being traded at 171.97, thus testing a key [Read more...]
After printing a Lower High (LH) on daily chart, EUR/AUD is poised for a major slide up to 1.5007. The pair was closed yesterday in negative territory at 1.5383. At the time of writing in Asian session spot is being traded at 1.5407, around 100 pips down from previous wave’s swing high. [Read more...]
AUD/USD is undergoing through a downtrend move since April last year, we still don’t see any long term bullish sign for Aussie dollar against greenback. The pair closed at 0.8774 last week, the lowest level since 2010. Some recovery is being witnessed in Asian session on Monday. Spot is [Read more...]
Silver once again closed in negative territory on Thursday showing significant level of weakness. The metal is expected to find a strong support around $19.60 – $19.65 zone, 23% fib level before resuming the upward movement that may last up to $20.83, where at least three resistance [Read more...]
EUR/USD yesterday closed with a large bearish engulfing bar followed by a shooting star off a major resistance on daily chart that shows significant signs of weakness. At the moment of writing in Asian session, the pair is being traded at 1.3618 where it looks all set for a dive towards 1.3523 [Read more...]