Recent content by rosentray

EUR/NZD's price is currently sitting back at the 1.57000 support. We also have the ascending trendline close to price. We are watching this pair to see whether price gets rejected back by bullish buying momentum or breaks through by bearish sentiment. Today's candle doesn't indicate a rejection...

AUD/JPY has been posting relatively mixed signals since late May as price fluctuated around 82.44. The pair consolidated around those levels with a low of 81.89 which happened to be outside the medium-term downtrend trading channel. Bears, however, couldn't sustain the momentum. The pair is now...

USD/CHF is trading below resistance ever since it passed the level of 0.9800. The pair has been outside the upward trading channel and looks like bulls would need strong support from fundamentals so that price could start to rise again. Today's data will most likely have a big impact on all US...

USD/CHF has been trading in a very choppy environment lately as the pair recently reached a low of 0.9691 on May 22. Now the pair is trading at 0.9765 marking a day of high volatility as price fluctuates between 0.9745 and 0.9808. On the long term, the good news for the bulls is that the pair...

Gold has been trading in an uptrend for the past three weeks. The upward move started on May 9 when price was around $1,220. Since then, the precious metal has climbed to a high of $1,269.16 as bulls reacted strongly to the support taking advantage of the low volume and lack of selling...

USD/JPY appears to have discontinued the short-term upside trend as price decreased from last week's high of 114.26 to today's low of 110.48. Despite the rapid drop in price, the USD/JPY pair remains in its uptrend long-term channel that started in the end of June last year. Currently, USD/JPY...

In the last few days we have been witnessing the ascent of Gold as the precious metal registered a climb from a low of $1,214 to a high of $1,245. The latest was made in the early trading hours of the Asian session today and now price is slightly lower at $1,242. With the depreciation of the...

GBP/JPY is currently hesitating whether it should continue its move to the upside. The pair rallied from 135.60 in mid-April to a high of 148 last week. Since then, the Sterling has been taking a breather doing some correction moves and consolidation around the level of 146.70. If the...

USD/CAD is having a strong rally that started since the pair was at support at 1.32249 just about a month ago. Today, the pair is 1.3714, marking a bull run with close to 500 points movement. Main trend on the short-term is expected to stay bullish if bulls manage to climb above the resistance...

The Yen has been going down against all its peers lately. The EUR/YEN pair is rallying since mid-April when price was a bit below 115. Then the French elections gave some boost to the Euro causing the pair to gap open in the end of April. Currently, EUR/YEN is trading at 124.20 and although it...

USD/JPY is on its way to conquer new highs. The pair reacted strongly bullishly to the bounce off of the 200SMA in mid-April when it reached a low of 108.13 and has been appreciating since then. It is now trading above 114 for the first time since mid-March. If the bulls keep on pushing the...

The EUR/USD pair opened with a gap again in the opening seconds of the trading session as traders and investors saw a new opportunity to go long based on the results of the French elections. The elected President is Emmanuel Macron with 66.1% of the votes. The initial reaction in the EUR/USD...

Latest NFP's and Market Reaction The latest NFP and Unemployment data is out: USD Unemployment Rate (APR) Actual: 4.4% Survey: 4.6% Previous: 4.5% USD Change in Non-farm Payrolls (APR) comes in better than expected. Actual: 211k Survey: 190k Previous: 79k The aforementioned data was not...

USD/JPY is currently at a crossroad between breaking the downward trend and confirming it. The pair is now trading at 112.78 which marks the resistance level on the medium term, namely, the trend that started in the beginning of January. Since then, the USD/JPY pair has been going South as price...

AUD/CAD met the resistance level at 1.0317 this morning before the European session opened. The pair immediately and gracefully retreated from the resistance zone and is now trading slightly below it at 1.0285. Bears will try to take control over it now and push it further down. First potential...