GBPUSD has dropped below a medium-term ascending trend channel, possibly suggesting additional near-term weakness. More likely to test 100-day SMA, at 1.6650, which could further be considered as important pivot. Below 100-day SMA, expecting ...

Cable Update (GBPUSD)

that's because of strong resistance area at current levels. Holding positive for the day is still encouraging for buyers.

USD/CHF

Break below 0.9200 support might trigger sharp fall to 0.9130. Even at current levels, it would be prudent to look for selling opportunities, possibly placing stop-loss somewhere above 0.9280. would prefer placing SL near 0.9300. This is my personal ...

AUD/USD

yes, break below 1260 could expose 1220-10, which seems unlikely as seller would wait for some retracement, at least till 1277-80, to initiate fresh shorts.

Only Gold!

Decisively break below an ascending channel on daily charts. possibly to continue the downfall till 1.6660, 100-day SMA support. Aggressive shorts would still continue adding short positions even at current levels.

Cable Update (GBPUSD)

breaks below strong support, drifts immediately to 100-day SMA intermediate support. Possibilities of a minor pull-back to break-down point and then resumption of the drop, probably till 0.8380.

NZD/USD

Holding the "Golden retracement", 61.8% level, potential bear trap. 50-day SMA is still above 100-day SMA and 200-day SMA. seller might be caught on the wrong side if we do witness some sharp reversal. Ideally would wait to break below 1260 for a ...

Only Gold!

Above 0.9000 psychological level, accelerated move to 0.9140 could be expected...

USD/CHF

Last hope for bulls only if holds above 1265. A break back above 1300 would be highly bullish indication at least till 1330 and 1350. Above 1350 there is no looking back till 1400-1450 in the very near-term.

Only Gold!

short-term outlook still remain bearish for EURUSD. The pair has confirmed the formation of Double-Top bearish chart pattern on daily chart and thus has the potential to test sub-1.3500 level.

EURUSD

NZDUSD nearing a strong support at 0.8520-0.8500. If fails to hold, seems vulnerable to test 0.8380...

NZD/USD

USDCHF preparing for a break-out above 0.8970-80 resistance. Next target for the up-move is 0.9140.

USD/CHF

50-day SMA is still above 100-day SMA and 200-day SMA. Moreover, 100-day SMA has also started moving above 200-day SMA. Hence, short to medium-term prospects for Gold seems bullish. A move back above $1300 mark could easily lift the yellow metal to ...

Only Gold!