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...
<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...
EURJPY staged a strong rally after bouncing off the key 130 level on Monday to reach a high of 132 today, a level not seen since January 2016. Upside momentum stalled as the market became overbought. This was indicated...
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. ...
<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...
<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...
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...
U.S. stocks were higher after the close on Monday, as gains in the Financials, Basic Materials and Technology sectors led shares higher. At the close in NYSE, the Dow Jones Industrial Average rose 1.19% to hit a new 1-month...
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...
