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  1. EUR/USD Technical Analysis: Bearish Daily Reversal

    by , 01-18-2019 at 02:54 PM
    The Euro failed to make good on an attempted break higher from a range confining price action against the US Dollar since late October. The pair briefly breached resistance in the 1.1456-81 area but the upswing ran out of steam on a test of trend line resistance set from January 2018. A test of this barrier produced a bearish Evening Star candlestick, which was soon followed by a drop back into familiar territory.

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    Sellers are now eyeing ...
  2. EUR/GBP Technical Analysis: Daily Breakdown

    by , 01-17-2019 at 01:57 PM
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    After being confined to trading within a horizontal range between 0.89525 and 0.90607 since December, the Euro is quickly losing ground against the British Pound after a rising support line was breached as anticipated. Not only has EUR/GBP fallen about 2.25% since January 11th, but also the pair achieved its longest daily losing streak since October 9th (5 days). Fundamentally, this has been due to the latest Brexit developments.

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  3. New Zealand Dollar Weekly Technical Forecast

    by , 01-06-2019 at 03:42 PM
    NZDUSD has consistently traded lower in recent weeks and now trades below resistance from the trendline originating on December 4th. The head and shoulders pattern sent the pair lower and after a strong Friday performance, the Kiwi looks poised to test the trendline next week. A failed test would serve as strong confirmation for a sustained move lower and continuation of the recent trend.

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    Another price point to watch in the week ahead includes ...
  4. Dollar Preparing to Break

    by , 01-06-2019 at 12:29 PM
    Technical Forecast for US Dollar: Bearish

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    We have started the new trading year in earnest, but the Dollar continues to hold to the range it maintained through the final two months of 2018. That is unlikely to be the case for much longer however. The rest rate of volatility has increased across the entire financial system. We have seen volatility in US equities in particular surge both in price-based measures (like the ATR) as well as implied ...