technical outlook

USD/JPY retreated on Tuesday from a key support level despite worst sell-off in Nikkei 225 amid uncertainty about emerging economies and China’s slow growth. The pair is being traded around 101.28 at 08:47 GMT in Asia. Immediate support may be noted near 101.00 which is 50% fib level. A ...

Silver once again fell on Friday as upbeat data lifted the greenback. White metal has however started showing signs of bullish strength which means a reversal might be in play very soon. The metal is being traded around $19.13 per ounce at 06:09 GMT in Asia. Immediate support is seen around ...

Gold yesterday closed with a huge bearish engulfing candle on daily chart which clearly shows that bulls are losing grounds after Fed tapering decision. The precious metal slumped $30 per ounce on Thursday to $1237, however then retreated somewhat to close at $1243. At the moment of writing in ...

EUR/USD yesterday closed with a bullish pin bar like daily candle however pair has not completed downside wave as of yet and is eyeing on bunch of economic reports that are scheduled for today. At the moment of writing at 4:31 GMT in Asia the pair is being traded around 1.3651 with immediate ...

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. ...

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 ...

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. ...