Technical Analysis

FX Snapshots As Markets Say Goodbye to 2021

The following are the support and resistance snapshots for a selection of FX majors. Trends are mostly mixed with cable showing more bullish promise into...

Sterling Tests 1.3500 Ceiling Ahead of New Year

GBPUSD crossed the 60MA on the Daily chart but the candle hasn't closed above it yet. But it's testing the 1.3500 ceiling and that's...

Surprise Sterling Surge In Thin Holiday Trade

GBPUSD is the surprise mover in thin post-Xmas trading, trying to reach the 60MA in the daily chart below and touch the 1.3500 resistance...

FX Majors Mostly Quiet In Run-Up To Xmas

As the week winds down ahead of the Christmas weekend, there's not a lot of fundamental news or events driving or being driven by...

Intraday EURUSD Mildly Positive Post-FOMC

The euro looks promising after the last FOMC but still needs to clear 1.1500 dollars judging by the Daily chart below. The following intraday charts...

Euro Quiet Ahead of FOMC

The euro is treading water around 17 month lows against the dollar ahead of the FOMC decision in a few hours. According to the Daily...

Cable Offers Scalping Setups at 1 Year Lows

GBPUSD is currently bouncing off 1.3145 support on the Daily chart below. The pound would need to clear a major big figure at the...

AUDUSD at 1 year lows: Will 0.7000 break?

After being stopped dead by strong bids below 71.45 cents back in August, the Aussie bounced back against the US dollar only to meander...

EURUSD Rebounds Ahead of Major 1.1145 Floor

In the last article I wrote about the euro being around 15-month lows against the dollar.I also wrote about EURUSD possibly touching 1.1235 dollars...

Cable Closes Week Near 11-mth Lows as Risk-Off Favors Dollar

The British pound is maintaining its weakness below key resistance levels in multiple timeframes. There's a slight rebound ahead of the weekend on the...

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