GOLD is still on the rise

EUR/USD Last Friday The Euro ascended against the Dollar by 0.65%, opposite the declining trend which characterized the currency of late. The technical reason for the increase is due to the 1.2630 support level which the pair reached on Thursday. Also, the RSI pointed to “overselling”, which prevented further declines. The major [...]

EUR/USD The Euro is trading at a 1.2650 level after falling significantly over the last several days. This trend is not only a result of a weak Euro, but an appreciating greenback, which is gaining ground against all major currencies. This rise is due mainly because the Dollar and the Japanese Yen benefit when there is a market crisis. [...]

USD/CAD After an extensive declining trend, supported by the declining trend line, the USD/CAD pair broke the line upwards, signaling a new rising trend. In Addition, the pair broke resistance of a 200 roaming average at 1.0000. The Dollar reached 1.0130 yesterday and it appears that the trend will continue in the short term. Resistance [...]

EUR/CAD Yesterday, the pair EUR/CAD broke its support of 1.2850 and declined to an 18 month low. This decline joins the depreciation of the Euro against other major currencies, with the greenback and loonie benefiting from this situation. This negative trend will likely continue as long as investors show concern towards the financial and [...]

AUD/USD Yesterday the pair crossed the price point of 1.0000 after the Aussie fell 0.5% against the greenback. There is no significance to 1.0000 in this case, aside from the symbolic. The declining trend was determined previously after the pair shed 5% in only two weeks of trading. Another factor that is worth mentioning is the general [...]

USD/JPY The pair USD/JPY declined sharply in the framework of a deep technical correction, reaching a low of 79.55. According to several technical indicators, it appears that the correction has concluded and we can expect the pair to rise. Indicator 1: The pair finished two trading days last week over the support level of 200 EMA, at [...]

AUD/USD The Aussie continues to break negative records and yesterday was once again on the decline by half a percentage point to 1.0020. Over the last several days, the Australian dollar has lost around 400 pips and since the beginning of this negative trend, has lost 700 pips. It seems that this trend is far from over and continued [...]

GOLD Until the last several days, gold trading was mixed, leaning towards small declines. The $1650 per ounce level was used as a primary pivot, which the buyers and sellers returned to often after struggling. Yesterday, this level was greatly surpassed after traders aggressively offloaded assets. This direction caused gold to fall [...]

EUR/JPY The Euro is trending negatively after forming a Triple Top pattern on the graph. Unless there is a breakthrough, this pattern is a strong indicator of decline. It appears that the negative trend will continue as long as the pair is below the negative trend line. Resistance andamp; Support (daily) S3 S2 S1 [...]

EUR/USD The Euro has experienced negative trading recently, with the trend line pushing the pair in a downward direction. However, the pair received support each time it reached 1.3030 and rose back to the trend line. This has resulted in a descending triangle. Due to the elections in Europe and the negative momentum of the Euro, it [...]