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Posted on November 13, 2017
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GBP/USD spikes to 1.3230 but then drops

A release of better than expected growth rate of the UK Manufacturing Production created an upside momentum that enabled the pair to return back to the 1.3228 level. However, then fears of growing political risk in Britain and Trump’s...

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Posted on November 10, 2017
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USD/JPY rebounds from 113.17

In line with expectations, the Yen continued to gain value against the Dollar under pressure from the slipping 55-, 100- and 200-hour SMAs. On the one hand, the currency rate continues to fluctuate within the descending channel formation, which...

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Posted on November 10, 2017
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EUR/USD advances in ascending channel

The Dollar was quoted weaker against the Euro on Thursday amid concerns that the Senate would postpone corporate tax cuts until 2019. The situation did not improve even when the House relevant committee approved the current tax plan. On...

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Posted on November 9, 2017
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NZD/USD stable after RBNZ announcement

The Kiwi was trading in a calm manner against the US Dollar prior to the RBNZ’s Rate Statement late on Wednesday. The Kiwi spiked to a two-week high after the Bank’s official cash rate was left unchanged at 1.75%....

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Posted on November 8, 2017
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USD/JPY slips in new channel down

As it was expected, different news coming from the United States and Asia created a downside momentum that allowed traders with bearish outlook to push the currency pair down to the 113.65 level. The further deprecation of the buck...

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Posted on November 7, 2017
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NZD/USD bounces off resistance

Near midnight from Monday to Tuesday the New Zealand Dollar met with the resistance of the long term channel up pattern against the US Dollar. The event resulted in a Kiwi decline against the Greenback. However, by the middle...

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Posted on November 7, 2017
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USD/CAD reaches resistance

The US Dollar on Tuesday morning was heading lower against the Canadian Dollar until it hit what seemed to be the support line of the most junior and almost horizontal pattern. The resulting surge forced the Buck into the...

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Posted on November 6, 2017
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GBP/USD stuck at monthly S1 at 1.3073

Initially, the Pound tried to restore some and even used a momentum provided by release of better than expected UK Services PMI to climb to the 1.3107 mark. However, the subsequent release of positive American data neutralized this attempt...

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Posted on November 6, 2017
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EUR/USD falls to 1.16 amid surprising US data

A release of better that expected data on the US ISM Non-Manufacturing PMI led to sharp appreciation of the buck against the common European currency and resulted in a breakout from two junior ascending channels. An active recovery of...

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