October 2017

In line with expectations, the Euro continued to successfully recover against the US Dollar until it met the first line of defence set up by the monthly S1 at 1.1658. Nevertheless, a pressure from the 55-hour SMA is likely to provoke the…

GBP/USD maintains a neutral bias in the short term and has been trading sideways in the 1.31 to 1.33 range during the past 3 weeks. Technical indicators on the daily chart are neutral, suggesting that broader range trading will continue…

The Bank of Japan will be completing today its two-day meeting on monetary policy. With inflation remaining well below the central bank’s 2% target – headline and core inflation grew by 0.7% y/y in September – the BoJ is not expected to…

The US GDP data contributed to the temporary decline of EUR/USD on last Friday. The Euro lost 0.11% against the US Dollar, though the following report on the US consumer sentiment caused 33 base points gain, putting the pair to 1.1613,…

NZD/USD has declined considerably in recent weeks, falling to a five-and-a-half-month low of 0.6817 during Friday’s trading. The Tenkan-sen line being below the Kijun-sen line is a negative alignment pointing to bearish momentum in the…

Gold remains under pressure and risk is still to the downside as prices continue to drift lower from the 1300 psychological level. The short-term technicals are bearish and point to more weakness in the market. Looking at the 4-hour chart,…