The Technical Confluences Indicator shows that the EUR/USD has clear clusters of support and resistance limiting its movements. On the topside, a dense congestion area awaits at $1.2160 which is the meeting point …
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USD/JPY advanced alongside USÂ yields. Can it continue higher? Here is a view on both USD/JPY and AUD/JPY: Here is their view, courtesy of eFXdata: Â Bank of America Merrill Lynch Research …
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After poor UK GDP knocked the GBP/USD lower, the Technical Confluences Indicator shows that clusters of support levels are far and few between. The $1.3745 level may be a more significant one: it …
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EURUSD is trading around the lows ahead of the ECB press conference today, so it may be a perfect timing for a new shift in trend, if we consider that …
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The Technical Confluences Indicator shows that the EUR/USD is trading above a dense and potent cluster of support lines. If it falls over, it could turn into an avalanche. The $1.2155 line is …
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The Technical Confluences Indicator shows that after the USD/JPY broke to the highest since February, it faces a dense cluster of resistance only at Â¥110.25. This area is the meeting place of …
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The EUR/USD is trading at the lowest levels since March 1st after falling for four consecutive days. Higher US bond yields are the primary driver, but euro-zone figures are not …
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The EUR/USD is under pressure, challenging the lows of the month. A stabilization in euro-zone data is not enough to match rising US bond yields. The technical picture is beginning …
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The Technical Confluences Indicator shows that the recent slide of the USD/CAD breaches a dense cluster of technical support lines at C$1.2615. Below, there are only weaker lines, so the door is …
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EUR/CHF has been a pain point for many traders since the SNB removed the floor under 1.20. The pair drifted around and suffered occasional interventions. It is now working its …
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