August 4, 2015
The daily chart: the pair is falling inside Bollinger envelopes, which may indicate potential of this medium-term decline around the bottom band (121.62), as ADX is insufficient for impulsive moves
Í4: local support is on 123.75 (the bottom Bollinger Band). It could cause a delay, because ADX also shows no readiness for exploits.
Í1: a similar situation. Bears, of course, have the opportunity to attack through breakout of the lower envelope, which implies a return to the middle Bollinger line (124.00), but the overall situation is flat-like.
Expectations: flat between 123.75 and 124.00.
1) We can try sales from 124.00, cause in the middle run the pair is ready to fall down to 121-1 figure.
September 30, 2016
Looking at the hourly chart, the pair still fighting to overtake 1.1235 barrier, which is considered as the near-term resistance for the single currency...
September 29, 2016
The risk is increasing on the market ahead OPEC meeting in Algiers and Yellen testimonial, which will happen before the House panel. FED-fueled rally on gold starts to fizzle out as the December futures keep on a losing streak for a second day, finally dipping by 0.12% to 1,328.75...
September 28, 2016
The market’s initial response to the US presidential election debate overnight was a clear sigh of relief. The Mexican Peso, which had hit a record low against the dollar just the day before, surged higher, as too did the Canadian dollar...