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GBP/USD expectedly rebounds from 1.3380

During previous trading session the cable surged to resistance zone located at 1.3370-1.3380 and then pulled back to the 1.3220. The plunge once again was stopped by a combination of the 55- and 100-hour SMAs, which are lying along...

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NZD/USD driven by bulls in this session

Following the prevalence of bears on Friday, the New Zealand Dollar hit the 100-hour SMA and the weekly PP circa 0.6860 early in this session and turned to the upside. During the following hours, the pair managed to appreciate...

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USD/CAD trades near 1.2620 mid-Monday

After testing a significant resistance cluster formed by the monthly PP, the 100– and 200-hour SMAs circa 1.2750 mid-Friday, the bearish sentiment took the upper hand and guided the US Dollar lower. The pair was fluctuating around the 55-hour...

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FX Strategy 27 Nov 17

In the G10 currencies today, JPY and NZD are the top two gainers while CHF and USD are the weakest. The USD-index continues its fall in early hours of European trading with weakness seen versus all the majors. In...

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NZD/USD surges up to 0.69

The New Zealand Dollar was testing a medium-term channel down during the first half of Wednesday. This was an early indication that pointed to a soon upside breakout. FOMC Meeting Minutes released...

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XAU/USD struggles to break through MAs

As it was expected, lack of an upside momentum did not allow the pair to surge above the 1,282.00 level. Nevertheless, these attempts are expected to resume. First of all, two days ago the exchange rate made a rebound...

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GBP/USD rises along 55-hour SMA

As markets did not pay much attention to the UK Inflation Report Hearings, the cable continued to slowly surge along the rising 55-hour SMA within the junior ascending channel. By now, the currency pair has practically bypassed the upper...

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