Monthly archive April, 2016

Key Points

• US Dollar climbed higher against the Japanese Yen, and looks set for more gains.
• There was a bearish trend line formed on the hourly chart of USDJPY, which was broken to clear the way for more upsides.
• Japanese Read More →

Key Points

• Aussie Dollar after trading close to the 0.7740 levels found sellers against the US Dollar and moved down.
• The AUDUSD pair is currently trading near a support trend line formed on the hourly chart, which may be broken Read More →

Read full technical analysis report here

Today, oil prices dropped significantly due to OPEC warning of low global demand, as well as speculation that there would be little concrete commitments at the producers’ meeting to be held Qatar on Sunday. Read More →

Key Points

• Euro after trading lower towards the 0.7920 level against the British Pound started to move higher.
• There was a bullish trend Read More →

Read full technical analysis report here Yesterday, the UK Office for National Statistics released data on core input and output prices (excluding the more volatile food, beverage, tobacco and petroleum products). According to the data, core input prices, which fell 3.4% Read More →

Key Points

• Euro traded down against the US Dollar during the past two sessions, and looks poised for more declines.
• There was a bullish trend line formed on the hourly chart of the EURUSD pair earlier, which was broken by Read More →