November 2018

USD/CAD returned some of the gains that posted on November 28, completing a five-month high around 1.3360. The USD/CAD pair has been trading in an ascending movement over the last almost two months, but in case of a penetration of the trend…

The Canadian dollar has slid about 4% since the beginning of October on the back of the sell-off in crude oil – Canada’s biggest export earner. The currency’s weakness comes despite a mostly solid run of economic indicators out of Canada in…

NZD/USD advanced strongly yesterday, driving the market towards a fresh five-month high around 0.6885. Currently, the NZD/USD pair holds slightly below this peak, but the 20- and 40-simple moving averages are confirming the upside momentum…

USD/JPY has been facing selling interest since yesterday, diving slightly below the 20-day simple moving average (SMA) after it reached again the 114.00 psychological level. The USD/JPY pair still remains above the long-term ascending trend…

EUR/CHF plunged to a new two-month low of 1.1266 after the aggressive sell-off below the 1.1300 handle on Tuesday. The near-term bias is looking negative with the RSI pointing down and is approaching the 30 level, while the MACD oscillator…

Besides the Italian budget story and Brexit, preliminary inflation readings out of the Eurozone are highly likely to spark volatility in the euro this week, affecting opinion about whether a rate hike by the European Central Bank is…

EUR/JPY has been trading within a consolidation area over the last couple of weeks, with upper boundary the 129.00 resistance barrier, and the 127.80 support level. Technically, in the 4-hour chart, the RSI indicator is moving slightly…

AUD/USD lost its strong upward momentum over the last week after its fall from the two-and-a-half-month high near 0.7340, reducing the chances for a strong bullish correction. The price started the day in bullish territory, however, it is…