Tag: forex analysis

EURUSD challenges important support levels.

EURUSD is trading just above the crucial support of 1.12. Price shows stabilization signs. Price has many chances of a full scale reversal to the upside as bears have not under their control the trend. Yet.Green line – trend line supportRed rectangle- …

Technical analysis of Gold for July 17, 2019

Gold price is bouncing higher. Price remains trapped inside the trading range and below important resistance levels. The price action over the next few sessions will be critical for the medium-term trend.Red rectangle – supportBlack line – downward slo…

Technical analysis of GBP/USD for July 17, 2019

Overview: The NZD/USD pair broke the resistance that turned into strong support at the level of 0.6612. The level of 0.9966 coincides with a golden ratio (61.8% of Fibonacci), which is expected to act as a major support on the H1 chart today. Consequ…

Technical analysis of NZD/USD for July 17, 2019

Overview: The NZD/USD pair broke the resistance that turned into strong support at the level of 0.6612. The level of 0.9966 coincides with a golden ratio (61.8% of Fibonacci), which is expected to act as a major support on the H1 chart today. Consequ…

Gold puts on currency wars

Strong statistics on retail sales and the resistance of industrial production to external shocks have somewhat cooled the fervor of the bulls over gold. The USD index rose to weekly highs as investors understand that the US economy looks better than …