In this technical blog, we’re going to take a quick look at the Elliott Wave charts of EURJPY pair, published in the members area of the website. EURJPY is showing bullish sequences in the cycle from the 05/07 (114.474 ) low. As our members know, we’ve been calling rally in this forex pair. We recommended […]

Spot gold is consolidating under three-month high ($ 1845) taking a breather after last week’s 3.5% advance (the biggest one-week rally since late July 2020). Weaker dollar after downbeat US jobs data keeps the metal’s price underpinned. Weekly close above psychological $ 1800 barrier generated fresh bullish signal, which was boosted by repeated daily close […]

EURCHF quickly recovered yesterday’s losses after touching an eleven-week low of 1.0921. The rebound helped the currency to surpass the 20- and 40-period simple moving averages (SMAs) on the four-hour chart. The RSI jumped above the neutral threshold of 50 but it is currently pointing down, whereas the stochastic is moving towards the overbought region. In the positive scenario, […]

The Euro regained traction after brief pullback on Monday and rose new marginally higher multi-week high on Tuesday, inflated by upbeat German data. Monday’s close in red with minor negative reaction seen from bearish signal from red daily candle with long upper shadow. Bulls continue to focus Fibo target at 1.2197 (76.4% of 1.2349/1.1704), violation […]

During late Monday’s trading hours, the EUR/USD currency exchange rate declined to the support of the 55-hour simple moving average below the 1.2150 mark. On Tuesday, the currency exchange rate had recovered, as it once again approached the resistance of the 1.2175/1.2180 zone. In the case the rate passes the resistance of the 1.2175/1.2180 zone, […]

The surge of the GBP/USD paused at the 1.4150 level during the second part of Monday’s trading hours. Since then, up to the middle of Tuesday’s trading, the rate had been fluctuating sideways below the mentioned round exchange rate mark. In the near term future, the rate could resume its surge due to the approaching […]

Since the Friday’s surge, the yellow metal’s price has been trading below the resistance of the 1,845.00 level. On Tuesday, the metal’s price was being approached from below by the 55-hour simple moving average. If the 55-hour simple moving average manages to provide enough support for the metal’s price to surge above the 1,845.00 level, […]

After making three attempts to pass the 109.00 level, on Tuesday, the USD/JPY remained below this level. Due to the strength of the resistance of the 109.00 level and the additional strength of the 100 and 200-hour simple moving averages, the pair was expected to decline. A potential decline was most likely going to reach […]

The EUR/USD currency pair Technical indicators of the currency pair: Prev Open: 1.2159Prev Close: 1.2127% chg. over the last day: -0.26% The EUR/USD currency pair was flat on Monday. Most of the time the price moved sideways and only at the end of the American session it went down, breaking through the support level of […]

Cable is maintaining positive tone and consolidating under new 2 –1/2 month high (1.4158) following Monday’s 0.80% advance, sparked by talks about Scottish independence referendum story and weaker dollar after disappointing US jobs data. Expectations of the next phase of England’s lockdown easing which starts next week, further improves pound’s sentiment. Today’s action is holding […]