As the currency rate was falling the last three weeks in a row, traders used the Federal Funds Rate hike to sell the Dollar and elevate the pair to the 1.1844 level. As long as market sentiment remains predominantly...
Due to anticipation of the upcoming decision on the interest rate hike, the exchange rate continued to move horizontally between the 55-hour SMA and the monthly S2 from the top as well as the 50% Fibonacci retracement level and...
EUR/JPY had been stranded in a narrow 133.81/133.52 range for the second consecutive session. The upper boundary was set by the prevailing channel down, while support was provided by the 55-hour SMA. This calm movement changed mid-session when the...
In first half of Friday’s trading session the Pound was actively appreciating against the Dollar being fuelled by reports about progress made on Brexit divorce bill. However, once this anxiety ran out and the US posted another set of...
New trading week the currency exchange rate started in a movement towards combined resistance level formed by the weekly PP and the slipping 100-hour SMA. Such recovery of the Euro was triggered by a rebound from support zone located...
In result of the previous trading session the currency exchange rate has expectedly reached the 38.2% Fibonacci retracement level located at 1.1760. As the pair is also moving in a junior falling wedge formation, a breakout in northern direction...
As the Congress managed to avoid government shutdown, the Dollar continued to gain value against the Yen, simultaneously passing the monthly PP and the 50% Fibonacci retracement level at 113.00. At the moment, the pair is facing no technical...
During previous trading session the pair initially slipped to support line located at the 1.3338 mark but then suddenly resumed the surge and ended the day at the 50% Fibonacci retracement level. The drop was based on reports...
In line with expectations, a combination of the 55-, 100- and 200-hour SMAs pushed the rate downwards, leading to dissolution of the one-month long ascending channel. The plunge happened despite release of worse than expected non-manufacturing data, which means...
As it was suggested yesterday, the currency exchange rate made a fully-fledged breakout from a rising wedge formation after encountering strong resistance posed by the 50% Fibonacci retracement level at 113.00. However, the plunge was deep, as southern side...
