The pair has maintained a bullish channel for a while now and is currently around the support zone. The market opened today above the pivot price which is at 0.8775. Technical indicators are pointing out a number of things.
Posted on: January 17, 2017
Gold has continued the extensive bullish trend which it maintained for the most of last week. Technical indicators suggest the possibility of further upward movement and on the fundamental side, the controversies and uncertainties surrounding economic policies to be implemented by the new US administration makes gold a safe bet for investors at the moment.
Posted on: January 16, 2017
The pair has been on a steady upward climb for several days now. There is possibility of price getting to an over-bought level soon but at the moment the RSI still shows some potential for further bullish movement.
Posted on: January 11, 2017
TECHNICAL FORECAST: The Pound is extremely bearish against the USD. Trading at price levels that historically have not been touched makes it prone to severe drops until it eventually finds support. The question however is where. (more…)
Posted on: January 9, 2017
TECHNICAL FORECAST: The medium term forecast for the metal is bullish. The content of the above chart can be outlined as follows- (more…)
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