Forget Password


<< Back

Technical Analysis Report - EUR/USD

12/08/2016 // 06:41:21 am

General outline:

It was a positive day for the US Currency as it gained position supported by strong Jobless Claims report which displayed a drop in the claims number.

Present scenario:

The pair ascended up to 1.1180. The uphill journey was short-lived and weak. The price remained in the same range. The resistance is observed at 1.1200, the support stands at 1.1130.

MACD points to the weakening positions of the sellers. RSI stays close to the overbought area.

The moving averages slightly changed from yesterday.

Trading commendations:

If the ascending journey of the pair EUR/USD keeps growing, its next stop could well be at the 1.1200 region. Else, the price will fall to 1.1050.

Share Us :

Recent Posts

Technical Analysis Report - GBP/USD

29/09/2016 // 07:44:21 am

General outline

Pound was weighed by Shafik’s dovish comments (the BOE deputy) as

Read More

Technical Analysis Report - USD/JPY

29/09/2016 // 07:41:12 am

General outline

On wednesday, the US currency dollar rose because of profit fixati

Read More

Technical Analysis Report - GBP/USD

27/09/2016 // 10:33:13 am

General Outline:

The dollar remained under pressure against its major rivals as stocks

Read More

Technical Analysis Report - USD/JPY

27/09/2016 // 10:26:19 am

General outline

The yen strengthened as a safe asset amid a risk aversion. The BoJ chie

Read More


Contact No: +971 589813411