December 2017

EUR/USD is posting a strong bullish rally over the last two trading days and reached a fresh one-month high of 1.1968 during today’s European morning session. In the short- to medium-term timeframe, the price is consolidating within a…

The Canadian dollar outperformed most of its major peers in 2017. Whether that will continue or reverse in 2018 is likely to depend on monetary policy, the evolution of oil prices, and developments in the NAFTA negotiations. With the market…

Gold (XAU/USD) rose to a new one-month high after extending a rally that started from the 1240 area on December 12. The bullish bias is strong in the short term but in the bigger picture, the precious metal remains in a range, essentially…

USD/CAD is shifting to a bearish bias as it breaks out of a 2-month range after finding a strong resistance area formed by the upper bound of the range and the 200-day moving average as well as the 50% Fibonacci of the downleg from 1.3793…

AUD/USD is trying to snap the four-monthly losing period as it is posting a positive December, surging more than 2.6% so far. The pair almost tested the ascending trend line, which is holding since last year, at the beginning of the month…

The British Pound has recently ended trading in the junior channel down pattern on the four hourly chart pattern against the New Zealand Dollar. The move was expected due to the fact that the GBP/NZD currency pair had touched the lower…

USD/CAD extended its losses as the Canadian dollar posted a bullish rally. The pair is falling for the sixth straight trading day and has plummeted more than 2% since December 20. Additionally, the price recorded a new 2-month low at 1.2604…

USD/CAD has been developing within a rounding bottom pattern since 2009 until the end of 2015. Rounding bottom is a reversal pattern and as the previous trend was a downtrend, the expectation is for a rising movement on a long-term basis.…

NZD/USD has been in a long-term uptrend but has also recorded significant downward corrections. The price rose more than 58% from January 2001 until August 2011 and hit its highest level through these years at the 0.8840 resistance barrier.…