Initially gold went higher but following the strengthening in the US dollar it ended the trading session into negative territory. However the $2.90 decline in gold seemed to be a consequence of longs liquidating to book profits rather than investors ...

Gold Discussion

Helped by the widely debated re emergence of some weakness in the US dollar, gold finished modestly higher yesterday gaining $1.95 to settle at $955.75/oz. Initially some physical buying added support to the yellow metal but towards closing time the ...

Gold Discussion

Oil breached the previous mentioned neckline at 69.35, approaching the technical target around 72.00 zones. We still expect further inclines toward the targets around 72.00-72.35 zones but also some kind of volatile movements might be seen as the ...

Sweet, sweet Oil

An intraday low should be in place in EUR/USD at 1.3803, slightly above 1.3793 cluster support (38.2% retracement of 1.2884 to 1.4337 at 1.3782). Some consolidation could be seen for the moment but upside is expected to be limited by 1.4070 minor ...

EURUSD

GBPUSD's fall from 1.6661 was contained at 1.5801, slightly above 1.5778 cluster support (38.2% retracement of 1.4395 to 1.6661 at 1.5795), and rebounds strongly, with an intraday low in place, some more recovery should be seen but upside is ...

Cable Update (GBPUSD)

Aussie fell 160 pips to take support around 0.7826 (21 Daily EMA). The charts continue to indicate further downside with immediate resistance now at 0.7950 (21 & 55 EMA in 4-hourly chart). Decisive break of this support can push Aussie further lower ...

Aussie Pairs

EUR/GBP's fall from 0.8866 extends further to as low as 0.8614 so far today. The impulsive look of such fall dampens the view that the cross has bottomed out even though 0.8574 support is still intact. We'd turn neutral for the moment. On the ...

EUR/GBP Trading Room

Dollar-Yen pair continued to trade below the 99 resistance levels (55 Weekly EMA). The daily chart is overbought and holding below 99 can bring a pull back upto 96.85 levels (Cluster EMA in daily chart). The outlook for the pair would become bullish ...

USD/JPY Discussion

Aussie fell 160 pips to take support around 0.7826 (21 Daily EMA). The charts continue to indicate further downside with immediate resistance now at 0.7950 (21 & 55 EMA in 4-hourly chart). Decisive break of this support can push Aussie further lower ...

AUD/USD

Cable firmed 200 pips, taking strong support at 1.5800 (as expected) from the 21 Daily EMA & Channel trendline. Immediate cluster resistance in 4-hourly chart comes around 1.6085 with the charts getting overbought. Cable may take resistance there ...

Cable Update (GBPUSD)

Cable firmed 200 pips, taking strong support at 1.5800 (as expected) from the 21 Daily EMA & Channel trendline. Immediate cluster resistance in 4-hourly chart comes around 1.6085 with the charts getting overbought. Cable may take resistance there ...

Daily Cable Vision

GBP/JPY's break of 158.56 minor resistance suggests that pullback from 160.44 has possibly completed at 154.85 already. Intraday bias is flipped back to the upside. Further break of 160.44 high will confirm recent rise has resumed and should target ...

Daily GBP/JPY analysis

An intraday top should be in place in USD/CHF at 1.0985 and intraday bias is turned neutral for the moment. Some consolidation should be seen but after all, pull back is expected to be contained by 1.0761 support and bring rally resumption. Prior ...

USD/CHF

USD/JPY's break of 98.03 minor support, with 4 hours MACD dragged below signal line, suggests that an intraday top is in place at 98.87. Bias is flipped to the downside for some pull back, possibly to 4 hours 55 EMA (now at 96.79). But downside ...

Yen Update (USDJPY, EURJPY, GBPJPY & AUDJPY)

Crude moved lower in early trading touching an intraday low of $66.79 and looked poised for another sell off. However, the 9 day moving average proved once again good support level (a common feature of this short term up trend).Failure to cross ...

Sweet, sweet Oil

Gold remained on the defensive for the second trading day in a row as the US dollar continued to appreciate against the Euro supported by global equity markets weakness, general risk aversion and a downgrade to Standard & Poor's credit rating for ...

Gold Discussion

GBP/JPY's break of 158.56 minor resistance suggests that pullback from 160.44 has possibly completed at 154.85 already. Intraday bias is flipped back to the upside. Further break of 160.44 high will confirm recent rise has resumed and should target ...

Daily GBP/JPY analysis

GBP/JPY's break of 158.56 minor resistance suggests that pullback from 160.44 has possibly completed at 154.85 already. Intraday bias is flipped back to the upside. Further break of 160.44 high will confirm recent rise has resumed and should target ...

Yen Update (USDJPY, EURJPY, GBPJPY & AUDJPY)

GBP/JPY's break of 158.56 minor resistance suggests that pullback from 160.44 has possibly completed at 154.85 already. Intraday bias is flipped back to the upside. Further break of 160.44 high will confirm recent rise has resumed and should target ...

GBP/JPY Trendline Traders