Month: October 2017

As the FOMC Meeting did not bring any unexpected news, the surge of the rate was limited. In other words, the pair once was stopped by resistance barrier at the 114.24 level. The fully-fledged rebound did not happen as...

<div class="MN_div"> <div class="MN_content"> <img class="wp-image-2047 aligncenter" src="https://mlwk09qqpzc1.i.optimole.com/w:auto/h:auto/q:mauto/ig:avif/https://rangeforex.com/wp-content/uploads/2017/10/Screen-Shot-2017-10-20-at-4.46.01-PM.png" alt="" width="737" height="490" />Although Spanish authorities decided to suspend Catalonia’s autonomy, the common European currency did not show negative reaction to this news. In fact, it bounced off from a combination...

<div class="MN_div"> <div class="MN_content"> <img class="wp-image-2039 aligncenter" src="https://mlwk09qqpzc1.i.optimole.com/w:auto/h:auto/q:mauto/ig:avif/https://rangeforex.com/wp-content/uploads/2017/10/Screen-Shot-2017-10-19-at-5.02.09-PM.png" alt="" width="756" height="507" />Initially the currency rate was expected to break through the weekly S1 and try to reach the 100% Fibonacci retracement level. However, a release of worse than expected...

NZD/USD remained in the 0.7160/0.7195 area for three sessions prior to plunging down to the 200-hour SMA during the first half of Wednesday’s trading session. All this movement demonstrates the existence of a short-term descending channel. A test of...

<img class=" wp-image-2060 aligncenter" src="https://mlwk09qqpzc1.i.optimole.com/w:auto/h:auto/q:mauto/ig:avif/https://rangeforex.com/wp-content/uploads/2017/10/Screen-Shot-2017-10-24-at-5.22.39-PM.png" alt="" width="819" height="544" />There are three facts that need to be described to update the situation. First of all the pair has hit the previously speculated lower trend line of a medium term ascending...