Category: FOREX

<div class="MN_div"> <div class="MN_content"> <img class="wp-image-2039 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-2017-10-19-at-5.02.09-PM.png" alt="" width="756" height="507" />Initially the currency rate was expected to break through the weekly S1 and try to reach the 100% Fibonacci retracement level. However, a release of worse than expected...

NZD/USD remained in the 0.7160/0.7195 area for three sessions prior to plunging down to the 200-hour SMA during the first half of Wednesday’s trading session. All this movement demonstrates the existence of a short-term descending channel. A test of...

<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...

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,...

<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...