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Posted on October 9, 2017
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USD/CAD trades near 55–hour SMA

Even though the rate had reached its five-week high at 1.2594 quite easily by early Friday, bulls managed to prevail in the following hours and thus push the rate down to the 55-hour SMA—a level which has limited the...

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Posted on October 9, 2017
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EUR/USD breaks upwards

<div class="MN_div"> <div class="MN_content"> <img class="wp-image-1952 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-2017-10-09-at-5.04.30-PM.png" alt="" width="765" height="468" />In result of a decrease of the American unemployment rate, traders tried to push the pair through the bottom trend-line of a large falling wedge pattern. However, it...

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Posted on September 12, 2017
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AUD/USD: NAB Business Confidence

The report showing weakened business confidence in Australia triggered a short-lived decrease in AUD/USD. The Aussie depreciated against the Greenback by 0.12% to be seen trading near the 0.8000 level and then retreated to the 0.8013 mark.  ...

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Posted on September 12, 2017
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GBP/USD returns near monthly R1

<div class="MN_div"> <div class="MN_content"> <img class="wp-image-1843 aligncenter" src="http://range.itcornertest.com/wp-content/uploads/2017/09/Screen-Shot-2017-09-12-at-4.41.13-PM.png" alt="" width="806" height="570" /> The GBP/USD currency pair was characterised by a lack of volatility on Monday. The Pound tried to surpass the monthly R1 at 1.3208, but failed to do...

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Posted on September 11, 2017
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USD/CHF REVERSED FROM SUPPORT ZONE

<ul> <li>USD/CHF reversed from support zone</li> <li>Next buy target – 0.9600</li> </ul> USD/CHF continues to rise after the recent upward reversal from the support zone lying between the key support level 0.9430, which has been reversing the price from...

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Posted on September 11, 2017
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Euro soars on ECB tapering signals

Gold gapped down on Monday but, with Dollar still vulnerable to further losses, the yellow metal will likely remain supported long-term. Gold lost some of its sparkle on Monday, having hit its highest level in over a year in...

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Posted on September 11, 2017
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USD/CAD pressured by 55-hour SMA

The US Dollar managed to accelerate against its Canadian counterpart on Friday and consequently confirm a descending channel. However, the 55-hour SMA worked effectively at pushing the rate lower in this session. As apparent from the pair’s movement in...

Finance

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