OverviewSilver price breached 14.70 level and settled above it, opening the way towards visiting the bearish channel's resistance near 15.15 in the upcoming sessions, noticing that stochastic reaches the thresholds of the overbought levels now, which supports bouncing lower to resuming the overall...
OverviewIntraday bias in GBP/JPY remains neutral for consolidation above 180.36 temporary low. A further decline is expected as long as 187.36 resistance holds. Below 180.36, key support levelis expected at 174.86. However, a decisive break of 187.36 will turn focus back to 195.26 resistance...
USD/JPY is expected to trade in a higher range. Overnight US stocks rallied as Chinese and global markets showed signs of stabilization. The Dow Jones Industrial Average rose 2.4% to 16492, its biggest one-day percentage and point gain in almost two weeks, the S&P 500 gained 2.5% to 1969, and...
USD/CHF is expected to trade with a bullish bias. The pair is still moving in an uptrend, backed by a bullish 50-period intraday MA. A strong support base around 0.9735 has been formed allowing for stabilisation. Currently, the pair seems more likely to consolidate, as the intraday RSI is turnes...
Overview:On April 9, the bearish trend was resumed towards the level of 1.4550 where a lower daily bottom was reached. That is where the depicted bullish swing was initiated.The next bullish swing extended up to the levels of 1.5750-1.5800, which offered valid sell entries for risky traders...
NZD/USD pair is turning up. The pair formed a "rounding bottom" pattern on an intraday basis confirming a bullish trend reversal. A continuation of the technical rebound is mpre likely to be headed towards 0.6430, as the 20- and 50-period intraday MAs are on the upside, and act as resistance...
Overview:Few months ago, when bulls pushed the price further above 79.6% Fibonacci level, the market looked quite overbought. That is why, the price failed to hold above 1.2650 - 1.2680 (previous highs), resulting in lower highs (within the depicted consolidation zone) enhancing the bearish side of...
GBP/JPY is expected to trade in a higher range. The pair is supported by its ascending 20-period intraday MA and remains on the upside. The 50-period intraday MA is moving with a bullish bias and the intraday RSI stands above the neutrality level of 50 (positively oriented). Further upside is...
Few months ago, the market was pushed above the weekly key zone around 1.5550 in an attempt to reach the area around 1.5900, which has been providing evident resistance for the GBP/USD pair.For several weeks, consecutive weekly candlesticks have been generating contradictory signals.Previous weekly...
The pair was pushed lower after breaking below major demand levels around 1.2100 and 1.2000 where historical bottoms were previously hit back in July 2012 and June 2010.EUR/USD bears have already pushed the price slightly below the monthly demand level at 1.0550 (established in January 1997)....
