Technical Analysis: USDTRY BEARISH CHANNEL Formation The Turkish Lira is one of the most volatile currencies since the continued pressure with Government crackdowns and the PM Recep Erdogans Referendum coming up in May this year. The latest ...

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Today’s Technical Analysis: SOUTH AFRICAN RAND BEARISH CHANNEL Moving away from then majors, the Pound in the late 50’s to early 60’s, the Rand was established and is well known as the current legal tender for South Africa, Swaziland, Lesotho and ...

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Technical Analysis: USDCAD Triangle Formation Recent bullish run of oil prices has depreciated the USDCAD, along with the stronger Canadian dollar. When we look technically, we see a triangle formation formed. The resulting symmetrical triangle ...

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TECHNICAL ANALYSIS: AUDUSD TRIANGLE FORMATION AUDUSD has had an interesting path to say the least. Recent developments include the higher commodity prices and the higher USD. Today's Trade Balance data increased AUD strength as the Aussies coupled ...

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Technical Analysis: USDTRY Pennant Formation The Turkish Lira is one of the most volatile currencies since the continued pressure with Government crackdowns and the PM Recep Erdogan’s Referendum coming up in May this year. The USDTRY technical ...

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Technical Analysis: GBPCHF Flag Formation The Pound/Swiss Franc cross is a lower volatility pair that is tempered by the currencies' economic and geographic proximity. The Swiss Franc is considered a benchmark safe haven currency due to its history ...

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Technical Analysis: GBPJPY Gartley Formation The pound is under pressure again led by GBPJPY selling. The GBPJPY technical drawing shows an eye catching bullish Gartley formation. The formation shows a strong support settled at 138.48 138.50. The ...

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USDCHF Technical Analysis shows the parity acting as support on the 200DMA We continue to see the dollar index decline from 103.70 to 100.00 as continued pressure mounts on the USDCHF. Moreover, the appreciation in the Swiss Franc stands out as a ...

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Technical Analysis: Swiss Franc May see major movement on US Unemployment Release With continued uncertainty with Trump and his policies we saw significant bullish movements in safe havens such as Gold, Japanese Yen and the Swiss Franc. Today’s US ...

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Technical Analysis: Where will gold continue to go next? Following our earlier technical analysis on the Golden Triangle – Gold passed the 1218.00 – 1220.00 resistance, where it is now lingering on the 100 DMA (Orange Line) as it’s new resistance. ...

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Today’s Technical Analysis a ‘Golden Triangle’ - XAUUSD/Gold With the continuing apprehension of Trump on the markets, investors have request for a safe harbor led to the continuation of the bulls below the ONS. The dollar index (USDX) continues to ...

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USD/CAD – Bearish right angled triangle The Canadian dollar was weighed by declining oil prices last Friday, as concerns over a rise in U.S. crude supplies. Today news came out that Saudi Arabia’s Falih welcomes US Oil supply as long as it grows ...

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USDX – Bearish Course The dollar is still on track to posts its worst start in 2017, since January since 2008. The US dollar weakened against all of it’s majors for the second day on Tuesday, weighing down on stock prices of Asian exporters and ...

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USD/CAD – 200 DMA support The Canadian dollar was weighed by declining oil prices on Friday, as concerns over a rise in U.S. crude supplies. The technical drawing indicates that the pair has bounced off the the 200 DMA (purple line) as support. The ...

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EUR/GBP - CHANNEL JUST BROKEN It's funny, as soon as we were writing this technical analysis the channel had just broken. It's a post that we believe is good to see for you new traders. The GBP has been under pressure since today's news from the UK ...

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USD/CAD BULLISH CHANNEL We see that USDCAD has formed a bearish channel since early May 2016. The parity climbed above 1.36 in the last week of 2016. Oil prices have risen, pushing the direction down over 400 pips. USDCAD bounced the fourth time on ...

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USD/TRY – Technical Analysis On January 19th a senior adviser to Turkish President Tayyip Erdogan said on Thursday that interest rates were “on the table” as an option for the central bank to combat sharp falls in the lira but that it also had other ...

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EUR/JPY - BUTTERFLY FORMATION EURJPY had finally exited the range between 121.85 and 124.10. We see that a butterfly formation has occurred and the course of the path has become bullish. Although the formation does not give us a clear level, it ...

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