Overall, GBPUSD continues to trade well above a medium-term tentative upside support line drawn from the low of March 8th. From the shorter-term perspective, the pair is balancing above a short-term tentative steep upside line, taken from the low of November 1st. From the beginning of December, we can see that GBPUSD might have formed somewhat of a double top...
It has been quite a volatile year for EASYMARKETS:XAUUSD and, judging by end of November and beginning of December activity, it continuous to be a volatile one, as we get closer to the new year. On the 4th of December we saw EASYMARKETS:XAUUSD hitting a new historic high, reaching the area near the 2144-dollar mark. This way the precious metal surpassed its...
After a recent shake-up in the crypto world, where Binance and its CEO pleaded guilty to AML violations, it was believed that EASYMARKETS:BTCUSD might take a hit. However, the popular crypto pair just took a pause from moving further north. Now from the technical perspective, we see that the pair is currently struggling with overcoming the 38000 mark....
With the upcoming interest rate announcement from the RBNZ, NZDUSD traders remain steady and not making any crazy moves yet. The expectation is for the decision to be without any fireworks and to come out neither with a hike, nor a cut. The rate is forecasted to remain at +5.50%. If so, we might not experience huge moves in NZD during the release, unless the press...
Looking at the technical picture of EASYMARKETS:USDJPY on our daily chart, we can see that, overall, the pair is still trading above a medium-term upside support line drawn from the low of March 24th. Lately, the rate has been seen distancing itself from that line. That said, from around the end of October, EASYMARKETS:USDJPY has been noticed trading in a...
