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Range Markets

XAU/USD breaks from rising wedge

<div class="MN_div"> <div class="MN_content"> <img class=" wp-image-2025 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-2017-10-17-at-1.55.00-PM.png" alt="" width="846" height="591" />In result of the previous trading session the price of gold decreased by more than 0.86% amid the better than expected New York Manufacturing Index release and...

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EUR/USD slips below 200-hour SMA

<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...

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AUD/USD edges slightly lower

<div class="MN_div"> <div class="MN_content"> <img class=" wp-image-2011 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-2017-10-16-at-10.13.28-PM.png" alt="" width="628" height="443" /> The trading session on Friday started rather calmly, as the Australian Dollar remained near the upper boundary of a short-term ascending channel. Nevertheless, the rate skyrocketed...

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GBP/USD fails to surge above 1.3320

<img class=" wp-image-2007 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-2017-10-16-at-10.11.06-PM.png" alt="" width="661" height="463" />Although the US data release, in general, appeared to be worse than expected, the upside momentum was not strong enough to push the pair above the monthly PP at 1.3322. The...

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AUD/USD manages to move higher

The Australian Dollar continues to appreciate against the US Dollar for the second consecutive session. Even thought the rate managed to touch the upper boundary of the ascending channel early on Thursday, it still gathered enough force to reach...

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NZD/USD remains near 200-hour SMA

Following a short-term consolidation period in force since October 6, the Kiwi finally managed to break out of its narrow trading range and test the 200-hour SMA. Thus, the given surge left the rate between this long-term moving average,...

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USD/JPY Loses 0.37% amid missile launch

<div class="MN_div"> <div class="MN_content"> <img class=" wp-image-1981 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-2017-10-11-at-6.17.04-PM.png" alt="" width="655" height="459" />Another test of another North Korean ballistic missile expectedly led to sharp depreciation of the Dollar against the Yen. During the downfall the pair crossed the weekly...

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XAU/USD awaits Fed Decision

<div class="MN_div"> <div class="MN_content"> <img class="wp-image-1975 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-2017-10-11-at-5.40.20-PM.png" alt="" width="711" height="504" /> In result of the previous trading session, traders with bullish outlook pushed the pair simultaneously from larger descending and minor ascending channels. The surge was based on...

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NZD/USD: downside pressures persist, eyes below 0.70 handle on break of 0.7050?

<img class=" wp-image-2007 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-2017-10-16-at-10.11.06-PM.png" alt="" width="661" height="463" />Although the US data release, in general, appeared to be worse than expected, the upside momentum was not strong enough to push the pair above the monthly PP at 1.3322. The...

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