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Instead of continuing to advance, the Pound Sterling (GBP) is more likely to trade sideways between 1.2930 and 1.3010. In the longer run, downward momentum
From a technical perspective, there is a growing risk of a negative correction. The stochastic oscillator is pointing south, ready to post a bearish crossover,
EUR/USD faces selling pressure near the key resistance of 1.0800 in European trading hours on Friday. The major currency pair fails to extend Thursday’s recovery
Sharp bounce appears to be overdone, but there is a chance for the Australian Dollar (AUD) to test 0.6700 before a pause is likely. In
The NZD/USD pair struggles to extend Thursday’s recovery move above 0.6050 and corrects to near the psychological support of 0.6000 in Friday’s European session. The
Instead of continuing to advance, the New Zealand Dollar (NZD) is more likely to trade in a 0.5980/0.6040 range. In the longer run, upward momentum
Upward momentum has slowed sharply and quickly; a break of 152.50 means that USD is likely to trade in a range instead of heading higher,
The US Dollar (USD) is likely to trade in a range between 7.1350 and 7.1770. In the longer run, surge in momentum suggests further USD
