Technical Analysis
GBP/USD – Technical Analysis (11.12.2014)
The GBP/USD correction is losing steam as reversal signs appeared around the 1.5730-1.5750 resistance area. Although a repeated attempt is not to be excluded, we expect the prevaling downtrend to renew in the near future. Immediate support is offered by 1.5693. A breach there will turn the outlook back to negative. More...
USD/JPY – Technical Analysis (11.12.2014)
The possible pullback in the USD/JPY that we mentioned in our last technical analysis materialised. The correction has the potential to extend further given the drastic rise in the forex pair recently. Next target More...
Gold – Technical Analysis (11.12.2014)
Gold’s rally is absolutely intact, and we expect the precious metal to hit fresh highs, at least in the short-term. Next target to the upside is the $1255 resistance. Initial support is offered by $1121. More...
EUR/USD – Technical Analysis (11.12.2014)
After touching more than a two-year low on Monday, the EUR/USD entered into a correction. Although the latter has some more room to unfold, we do not expect to witness sustained euro strength. Next target for the More...
GBP/USD – Technical Analysis (09.12.2014)
The GBP/USD downtrend is set to continue. The forex pair is currently targeting the major support at 1.5425. Initial resistance is 1.5725, and the outlook below this level will remain markedly bearish. More...
Gold – Technical Analysis (09.12.2014)
The outlook for gold remains positive above the key $1175-$1186 support area. Next target for the yellow metal is the $1240 resistance. More...
EUR/USD – Technical Analysis (09.12.2014)
The EUR/USD downtrend has yet to unfold. Next target to the downside is the major 1.2040 support. The 1.2360 resistance is expected to limit any potential attempts on correction. More...
USD/JPY – Technical Analysis (08.12.2014)
The USD/JPY’s impressive rally took the pair to 121.44 yesterday. At some point we expect a sharp correction, but until we see indications of a counter-trend movement, we remain positive. Next target for More...
Gold – Technical Analysis (08.12.2014)
The outlook for gold is positive above the key $1175-1180 major support area. Bullion’s rally is expected to carry on targeting the $1240 resistance. More...
GBP/USD – Technical Analysis (08.12.2014)
The GBP/USD downtrend is intact, and the forex pair is close to breaking through the 1.5580 support. Next target on the downside is 1.5425. Immediate resistance is expected at 1.5730. More...
