Latest Forex Research

Gold Technical Analysis

Continued hesitation ahead of the key 55-DMA combined with daily studies approaching O/B levels remain key concerns for bulls.

The recovery from ahead of the 2014 and 4 year lows appears to have ended with

The recovery from marginally above the 2014 low continues with the EUR/USD currently flirting with

Stoxx50 continues to test the top of the rising daily channel as bulls remain focused on

The pair slipped to NY session lows of $1.5651 on Monday after the release of strong US Q3 GDP data.

The pair also witnessed a quiet session this morning, as it briefly recovered some of

The pair started this morning’s session at $1.2474 after a $1.2402 to $1.2487 range last night in the US.

The volume of construction work done fell by 2.2% over QIII to be 5.1% lower than a year ago.

The JPY enjoyed a mild reprieve this morning as dollar-yen ran into profit-taking interest after earlier gains.

The NZD/USD has declined to trade around 0.7800 currently. Yesterday’s release of the RBNZ’s inflation

The recent failed attempts at the 21-DMA resulted fresh 2014 and 4 year lows with the AUD/USD currently pausing at the Bollinger band base ($0.8518).

The USD is generally stronger, with the largest gains against AUD and NZD followed by the Scandinavians.