The dollar was slightly higher against most of its peers in early trading in Europe Wednesday, supported overnight by fresh reports suggesting a lack of progress in trade talks with China. However, it has settled firmly into a narrow range as the market waits for the end of the Federal…

AUDUSD bearish retracement at 0.70900 region with a doji candle formation last hour. AUDUSD have been struggling in 0.70900-0.7100 region for the past 2 days and somehow managed to break the consolidation Low today in the opening session aggressively till 0.70600. Bulls, then retested the 0.79000 region again after the…

The 100 SMA is above the 200 SMA to show that support is more likely to hold than to break. A candle closing below the triangle bottom could signal that XRP is in for a drop that’s the same height as the formation, which spans .3100 to .3300. Similarly, a…

Sterling had slid after Prime Minister Theresa May’s plan to force another vote on her EU Withdrawal Agreement was struck down for procedural reasons by the Speaker of the House of Commons John Bercow. The British pound is opening Tuesday on a firmer footing after losing nearly 1% against the…

EURJPY moving average at 126.55 with 4 month trend line resistance dipping to 126.80/85 this week. A break higher tests important 200 week moving average resistance at 127.13/18. A lot for bulls to tackle. First support at 126.15/05 but below 125.90 targets 125.70/60 then 125.30/20.

As can be seen from the daily USD/CHF below, the price earlier reversed down from the resistance area lying between the multi-month resistance level 1.0100 (which has been reversing the price from November) and the upper daily Bollinger Band. The proximity of this resistance area increases the probability USD/CHF will…

Monday, in theory, could be the last time the United Kingdom name plate is on the table. While a Brexit extension is a near-certainty, the official departure date is still 29 March. Uncertainty over exit day requires careful diplomacy. Today the British minister will have the chance to weigh in…

The British pound is drifting lower against the dollar and euro early Friday in Europe, consolidating this week’s gains as the market takes stock of a tumultuous few days in the Brexit process. Prime Minister Theresa May is preparing to ask lawmakers to vote on her twice-defeated Withdrawal Agreement with…

As discussed Last Week March 6th, CADJPY chose to move further up reaching the next barrier at 84.00. In today's early asian session, bulls tierd to touch the psychological level for the fourth time but couldn't pass above 84.00 level, as of now writing. Hourly time frame showing a bearish…

XAUUSD held support at 1291/90 but below here targets 1286/85, perhaps as far as important head & shoulders neckline support at 1281/80. Sell a little if it looks like we will see a weekly close below here & add to shorts on a break below 1271. Minor resistance at 1300/02…