GBP/USD climbs to session highs as risk-off tones continue to ease ForexLive Buyers have managed to navigate through resistance around the 1.2792 level and now the figure level is eyed. Offers there are what is helping keep the pair from shooting higher for the time being but buyers are clearly eyeing a move towards the

Falls to the lowest level since January 2017 It was not the best of days for the precious metal. Gold is currently treating down $-18.24 or -1.51% at $1193.54. The price is trading the $1200 level for the first time since March 2017 and fell to the lowest level since end of January 2017.  The

100 hour MA and trend line is key support/bias levels for the broad index The S&P is trading in a fairly narrow trading range with 2835.24 the low and 2843.24 the high. That range has been able to keep the index between the 100 hour MA below at 2833.56 and the 50 hour MA above

AUD/USD touched a low of 0.7251 earlier in the day ForexLive And currently trades around the 0.7280 levels. Given the backdrop of a risk-off mood in markets, it’s no surprise to see the aussie fall behind but given what has been taking place AUD/USD is only down 0.3% on the day right now. However, the

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The JPY is the strongest. The NZD is the weakest. The end of the week is nigh, and there are of course the strongest and weakest from the  major currencies.   For the week, the JPY takes the top spot as the strongest currency, followed by the USD.  You can justify the strength for each on

Euro technical analysis The euro is at a fresh low of the day, down 135 pips to 1.1391. The charts this week — across the board really — have been a technicians dream. I like head-and-shoulders patterns and this one lines up nicely with a return to the area around 1.05. The temptation is to

Tests July 2017 lows and near the low for the year today and bounces. But rise is limited.  Trade wars. Russia.  Turkey. Bank concerns. Those topics can be thought as risky events and in the old days, might have led to flights into the safety of the gold.   That’s not to be, as the precious

100 hour MA and trend line the topside extreme. The USDJPY has continued the ping-ponging with the high extreme at the 100 hour MA and trend line stalling the rallies, and a lower trend line stalling the falls (see earlier post HERE)  In between those extremes is a lot of ups and downs.  Traders who

First test stalled the fall The EURGBP is moving toward support defined by its 50% of the recent move higher and the 200 hour MA at 0.8936 -0.89417 area. The low just reached 0.8943.  Earlier today, the first plunge lower stalled right at the 200 hour MA and bounced quickly to the upside.  The NY

Modest rebound Yesterday, the GBPUSD fell below a trend line on the daily chart. Today the underside of that trend line was tested at the highs. The level held and the price continued the move lower (see daily chart below). That move took the price below the swing lowss from July 2017 and August 2017

USD is attacting flows too The JPY and the USD are both attracting flows as there are a lot of global concerns, stocks are weak and yields are lower. The AUD and the EUR are the weakest.  The AUDUSD broke to the lowest levels since January 2017 and the EUR is under pressure from concerns