Category Archives: Forex Blog

Technical analysis of USD/CAD for August 01, 2016

Technical analysis of USD/CAD for August 01, 2016 Overview: The USD/CAD pair continued its bearish momentum bottomed at 1.3030 since last week. The bias remains bearish in the nearest term testing 1.2971 (61.8% Fibonacci Expansion). Immediate support is seen around … Continue reading

Posted in Forex Blog | Leave a comment

Technical analysis of USD/JPY for August 01, 2016

Technical analysis of USD/JPY for August 01, 2016 Overview: The USD/JPY pair could form a descending impulse so far. It continues moving downwards from the prices of 103.29 (61.8% Fibonacci Expansion). The market has reached all targets of extensions. According … Continue reading

Posted in Forex Blog | Leave a comment

Technical analysis of GBP/USD for August 01, 2016

Technical analysis of GBP/USD for August 01, 2016 Overview: The GBP/USD pair is showing signs of strength following a breakout of the highest level of 1.3156. On the H1 chart. the level of 1.3156 coincides with 23.6% of Fibonacci, which … Continue reading

Posted in Forex Blog | Leave a comment

Technical analysis of EUR/USD for August 01, 2016

Technical analysis of EUR/USD for August 01, 2016 Overview: The EUR/USD pair broke resistance which turned to strong support at the level of 1.1105 last week. The level of 1.1105 is expected to act as major support this week. The … Continue reading

Posted in Forex Blog | Leave a comment

Technical analysis of NZD/USD for July 13, 2016 Overview: The NZD/USD pair didn’t make any significant movements yesterday. There are no changes in our technical outlook. The bias remains bullish in the nearest term testing 0.9315 or higher. Immediate resistance … Continue reading

Posted in Forex Blog | Leave a comment

Technical analysis of USD/CHF for July 13, 2016 Overview: The USD/CHF pair continues moving in a bullish trend from the support levels of 0.9789 and 0.9738. Currently, the price is in a bullish channel on the one-hour chart. As the … Continue reading

Posted in Forex Blog | Leave a comment

The NZD/USD pair on 07/07/2016 Overview: The NZD/USD pair is going to continue to rise from the level of 0.7174 in the long term. It should be noted that the support is established at the level of 0.7174 which represents … Continue reading

Posted in Forex Blog | Leave a comment

Technical analysis of USD/CHF for July 07, 2016

Technical analysis of USD/CHF for July 07, 2016 Overview: The USD/CHF pair has faced strong support at the level of 0.9740 because resistance has become support. So, the strong support is already seen at the level of 0.9740 and the … Continue reading

Posted in Forex Blog | Leave a comment

Technical analysis of GBP/USD for July 04, 2016 Overview: The GBP/USD pair is not making any significant movements this morning. The bias remains bearish in the nearest term testing 1.3120 or lower. Immediate support is seen around 1.3217. A clear … Continue reading

Posted in Forex Blog | Leave a comment

Technical analysis of EUR/USD for July 04, 2016 Overview: The EUR/USD pair will continue rising from the level of 1.1092 in the short term. It should be noted that the support is established at the level of 1.1092 which represents … Continue reading

Posted in Forex Blog | Leave a comment