Technical Analysis

FTSE 250 (FTSE:MCX) is currently gloomy for the bulls, but a boon to the bears. The price has been trending southward and it could go further as such. This stock formed a top in January 2014 as further northward effort was rejected. Since then, it has crossed the EMA period 21 to the downside, while […]

AUD/USD has been driven up by the success of the trade balance that were released a few hours ago, which reflected a positive reading of 0.47B versus -0.2B7 that were predicted. The aussie has managed to break the strong resistance level of 0.8940, which was holding back the progress of the bullish bias in this pair. […]

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The kiwi remains above the 200 day moving average, so there are two possible scenarios: A bullish consolidation or the domination of the bears on this pair. NZD/USD could find dynamic resistance in the 200 SMA, if this pair makes a breakout from the pivot point at the level of 0.8183. If successful, the next […]

USD/JPY has found strong support at 100.79 level a support that has been quite strong in the last hours. This pair is in a bullish bias that has led it to consolidate above the pivot point at the level of 101.34. The nearest resistance is located at the level of 102.26. If the pair manages […]

AUD/USD had a bullish Asian session as the RBA has decided to keep the interest rate at 2.50%, so the reaction has been clearly positive in this pair. Technically, the Aussie has managed to break the resistance level at 0.8809 and next target would be the level of 0.8867. If the pair manages to break […]

EUR/JPY has been consolidated in the bearish bias, so it is very likely to continue to sell orders on intraday charts. This pair is below the daily pivot point at the level of 136.99. The nearest support is fixed at the level of 135.91. If the pair manages to make a breakout at that level, […]

Here is the current outlook on Gold and Silver. GOLD: The overall bias on Gold is bullish and last month (January 2014) was in favor of the bulls, save the last week of that month. However, the bullish bias is precarious, and therefore, certain factors must be put into consideration before it is seen as […]

The weakness in the EUR/USD may continue this week, especially when the price breaks the support line at 1.3450 to the downside. EUR/USD: The weakness in the EUR/USD may continue this week, especially when the price breaks the support line at 1.3450 to the downside. However, this may not occur without some upwards bounces along […]

The new lease of energy in the Greenback has resulted in the weakness of the EURUSD and the strength of the USDCHF. The also has had impact on other major pairs, resulting in near violation of major biases in certain cases. The continuous strength in the Greenback could spur on the weakness of the EURUSD […]