technical analysis

EURUSD weakened considerably in the past couple of days and as noted in our weekly technical update, price reached to 1.081 levels, a bit below our target area of 1.082. It isn't surprising to see that yesterday's candlestick was perhaps…

Crude Oil, still range bound between $62 and $58 Crude Oil futures remained range bound for the most part of last week after forming a top near the $62 price level. Price action last week simply saw prices ranging between the 62 and 58…

The US Dollar Index is still not out of the woods yet as the trade weighted index attempts to trade near 96.90, a critical support and resistance level where price needs to establish support before any attempts to push higher. Over the…

EURUSD (1.0994): The rising wedge/triangle pattern broke out with price failing to properly test the resistance at 1.148, which could be a potential target to the upside should prices rally. The breakout from the triangle was based on a…

The US Dollar Index declined to lows below 93.70 as expected from our previous weekly analysis. Price saw a sharp reversal at this low and posted three straight days of gains, a correction to the decline which was much stronger than…

Crude Oil, likely to test $55.35 Crude Oil prices have started to turn the corner after prices stalled near $62.50 highs and subsequent failure to break higher ground. A break of the minor trend line, which we view as a short term…

The Euro, single currency which staged a surprise rally in recent weeks, squeezing out most of the weak short positions saw an accelerated decline in early European trading session today. Attributing the decline to ECB's comments from…

EURUSD (1.1421): On the weekly charts, price action showed last week closing on a bullish note following the previous week of indecision. Price opened this month below last month's low at 1.20018 and gapped down while the current month…

WTI Crude Oil could now see a correction to its short term rally! WTI Crude Oil futures has staged an impressive recovery in its prolonged bearish trend with price action last week briefly hitting the $62.13 price point, which we have…

The Kiwi Dollar find saw some relief after weeks of selling off sparked by comments from RBNZ Assistant Governor warning of rate cuts and followed up by the RBNZ's monetary policy decision a week later. Despite a weaker Greenback, the Kiwi…