Gold was driven by bears early on Tuesday who pushed the yellow metal down to the upper boundary of the breached wedge pattern and the 38.20% Fibo near 1,316.70. The pair’s subsequent direction was determined by the US inflation...
Following a breakout of the descending channel early on Friday, the US Dollar entered a minor period of consolidation against the Yen. This neutral sentiment changed during the Asian session when the pair fell 50 pips in response to...
The yellow metal took advantage of the weaker US Dollar on Tuesday, thus managing to surge by 1.44% and reaching the 1,340.00 mark late in the evening. The pair breached the prevailing four-week channel down along the way, at...
Following a rather quite morning on Tuesday, the Sterling took advantage of the weaker US Dollar later in the day and eventually dashed through the strong resistance of the monthly and weekly PPs and the 200-hour SMA circa 1.3870....
The yellow metal was stable against the US Dollar on Friday morning, as it was supported by the 55-hour SMA and the 38.20% Fibo retracement. It managed to pick up speed mid-session and even breach the 200-hour SMA early...
Despite two attempts to breach 107.20 during the previous 24 hours, the strong resistance of the 55–, 100- and 200-hour SMAs and the monthly S1 was strong enough to limit any gains above this mark. The bearish sentiment was...
The previously described scenario on Monday regarding the NZD/USD did not come into reality. A strong resistance set by the 55– hour simple moving average proved to have enough strength to send the currency pair south. At the beginning...
USD/JPY spent Thursday’s morning in between the bounds of the weekly PP and the 100-hour SMA. However, as risk-averse investors started buying the Yen mid-session, the US Dollar fell 100 pips within a couple of hours, thus dashing through...
The Pound continues to appreciate against the US Dollar for the sixth consecutive session. The pair managed to edge higher on Thursday; however, it lost its momentum near the 2017 high of 1.3925. This suggests that bulls might have...
Following a minor period of consolidation during the first half of Tuesday, the bearish sentiment prevailed in the market and thus sent Gold down to the 1,332.00 area. Subsequently, the rate returned for a re-test of its four-month high...
