Technical Analysis

Daily chart: The GBPUSD found strong resistance at the 1.5642 level. It is very likely that this pair fall to support at the 1.5506 level, but we must be careful, because this fall could be the formation of a lower high pattern, to continue strengthening the current trend bullish. However, if this pair managed to […]

Daily chart: The USDX is breaking the resistance at the 81.50 level and this continues to respect the bullish trend line. It is very likely that the USDX rises to the 200 day moving average near the 81.85 level. On the other hand, it’s likely to fall back to bullish trend line. However, the USDX […]

Triad Group stock (LSE:TRD) has become a bullish market following some historical weakness and then an equilibrium phase which was dragged out too long. The historical bearish trend could have been caused by nothing other than the herd mentality. On the chart, the EMAs 10, 20, 50 and 200 are used: the color that represents […]

CPP Group shares (LSE:CPP) are now favorable to buyer. The price has broken upwards after a protracted sideways movement which lasted several months following a bearish bias. It can be seen that the price eventually broke out of a protracted sideways bias – to the upside. Since then, the price has closed above the upper […]

Daily chart: USDJPY continues to fall below the resistance level at 97.59. It is very likely that this pair fall to support at the 96.38 level. However, we must bear in mind that the USDJPY could again break the resistance level at 97.59 and go up to the level of 98.25. If the pair manages […]

Daily chart: CL is falling sharply below the resistance level at 106.70, after several days trying to consolidate on a bullish trend. It is very likely that the CL fall back to support at 103.85 level. If the CL manages to break that level, it is likely that the current bearish trend to continue for […]

Yesterday, the EURUSD tested the resistance level at 1.3450, and was corrected downwards. However, the bullish trend is still in place. EURUSD: Yesterday, the EURUSD tested the resistance level at 1.3450, and was corrected downwards. However, the bullish trend is still in place. The current pullback, as indicated by the Williams’ % Range period 20, […]

Daily chart: GBPUSD is forming a lower high pattern, below the resistance level at 1.5642. It is very likely that this pair break that level and up to the resistance level at 1.5746, because its bullish trend has strengthened above the 200 day moving average. On the other hand, if the GBPUSD fails to make […]

Daily chart: The USDX continues to consolidate below the 200 moving average. We must be attentive to the USDX, because this is approaching a bullish trend line nearby. If the USDX achieved in break that trend line, it’s expected to fall to support at the 80.62 level. On the other hand, if the USDX managed […]

The Cable has broken the former distribution territory at 1.5650 to the upside. Right now, it is trading above that territory. EURUSD: The EURUSD is not very strong but the northward bias on the Cable is helping it to remain in the bullish zone (for the duo tends to be positively correlated). Though the price […]