by gcmasiauser | Nov 7, 2017 | EUR/USD
EURUSD, H4: EURUSD was traded higher prior its rebound from support level at 1.1580. Formation of bullish engulfing candlestick pattern and positive divergence by MACD histogram suggest the pair to extend higher toward resistance level at 1.1670. Resistance level:...
by gcmasiauser | Nov 7, 2017 | GBP/USD
GBPUSD, H4: GBPUSD was traded higher after breaking resistance level at 1.3105. The pair is currently testing resistance by 200-MA line. Successful closure above the 200-MA line would further indicate the pair to extend its gains toward the next resistance level at...
by gcmasiauser | Nov 7, 2017 | Daily Analysis
07 November 2017 Daily Analysis Dollar remained supported while RBA in focus. Dollar index pared its losses against a basket of major currencies during Asia trading hours, rose 0.04% to 94.62 as of writing ahead of Reserve Bank of Australia...
by gcmasiauser | Nov 6, 2017 | USD/CHF
USDCHF, H4: USDCHF was currently traded in consolidation after extending its second phase of bullish trend. A breakout is required for the pair to gain increasing momentum following absence of obvious signal from both candlestick pattern and MACD histogram. Resistance...
by gcmasiauser | Nov 6, 2017 | USD/CAD
USDCAD, H4: USDCAD was traded higher prior rebound from support level at 1.2720. Formation of pin bar candlestick and upward slope of MACD histogram suggest the pair to extend higher if breakout above resistance level at 1.2770 is successful. Resistance level: 1.2770,...