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Sterling Loses Momentum As UK’s Election Race Tightens
GBP/USD peeked last Monday to 1.3043, boosted by PM May with her conservative party heading polls. But last week's terror attack on Manchester costed...
The MACD Indicator and Price Divergence
Divergence provides clues not answers
Charts are merely graphical representations of the price of an asset over a defined period. Some novice traders get things...
NZDCAD – long PIN BAR candle at the resistance
Yesterday on NZDCAD interesting daily candle occurred. Demand was punished for too rapid attempt of rebound and on the chart PIN BAR candle occurred...
GBPUSD – above resistance 1.4400
After last week’s selloff at GBPUSD which started after terrorist attacks in Brussels, declines reached support at 1.4070. Declines were finished last Thursday after...
EURUSD – the test of March’s high
After side trend in which EURUSD moved for a few days (just above 1.1160 level), finally new upward wave occurred. Yesterday first resistance at...
Crude oil tests the price gap
On the daily chart of May contracts for crude oil, we can see that price once again tested the support area defined by weekend...
EUR/GBP – chance for getting higher
This analysis is a continuation of previous one, published on Thursday 24th of March. Since then, EUR/GBP has failed in getting through the last...
EURGBP – 16-months high
Since the beginning of December 2015 EURGBP moved in strong uptrend. Short correction which started one month ago probably was finished. New 16-months high...
USDJPY – rebound in progress
In last analysis I indicated the triangle pattern, as you can see it was broken down. After that declines accelarated, however once again support...