Foreign Exchange

Daily chart: The USDX broke the resistance at the 82.51 level and it is very likely that during the next week, the USDX consolidates above these levels with a lower high pattern. However, we must consider the USDX could make a bearish rebound at current levels, because that level of 82.51 is very strong. The […]

Daily chart: The GBPUSD made a bearish rebound in the level of 1.5642, after having encountered strong resistance at that level due to the bullish momentum that had this pair for yesterday. However, this can be the formation of a lower high pattern, so that the GBPUSD continue to rise and eventually break the resistance […]

Daily chart: The USDX has a slight bearish rebound near the resistance level of 82.51. It is very likely that the USDX start forming a lower high pattern, to continue rising. If the USDX manages to break that level, it is expected to go up to the resistance at the 83.22 level. Furthermore, if the […]

Daily chart: In yesterday’s session, the GBPUSD made a strong bullish movement and now this pair is trying to break the resistance level at 1.5642. If successful, it is expected to rise to the level of 1.5746. We should note that this resistance is very strong and weeks ago, the pair tried to break this […]

Daily chart: The USDX remains strong on a bullish trend, because this is consolidating above the 200 day moving average and the latter have been bullish candlesticks. It is likely that during this week, the USDX achieved up to resistance at the 82.51 level. Recall that this level is very strong and could slow the […]

Daily chart: This pair has made a successful bullish rebound on the support at the level of 1.5506. It is very likely that this is the formation of a higher low pattern, so that it continues to drop. If the GBPUSD manages to break this support, it is expected to fall to the level of […]

Yesterday, the markets opened with gaps, which are visible on hourly charts. Since then the JPY pairs have trended northwards, indicating a bullish outlook. Generally, there would be great volatility in the markets. EURUSD: In a vivid Bearish Confirmation Pattern, this pair has been trending downwards, following further weakness in the market. The price is […]

Daily chart: The USDX remains consolidating above the SMA 200, forming a lower high pattern above this SMA 200. Last week, we said that the USDX could rise to resistance at the 82.51 level, but this would be a very difficult scenario to occur, due to the global uncertainty, for a possible U.S. military intervention […]

Daily chart: This pair has made a bullish rebound on the moving average of 200 and the beginning of the week, it opened with an upward gap. However, it is known that the GBPUSD could fall back to the support at 1.5506 level, because this has to fill the space left by the gap. If […]

The EURUSD fell by roughly 170 pips last week, closing at 1.3222. There would be some short-lived bullish attempts this week, but the general outlook remains bearish. EURUSD: The EURUSD fell by roughly 170 pips last week, closing at 1.3222. There would be some short-lived bullish attempts this week, but the general outlook remains bearish. […]