- Mon, 17 May 2021 07:15:48 GMT
AUD/USD breakout could occur
PositionsTodayYesterdayChange Longs36%37%-5.5% Shorts64%63%3.1% Indicator4H1D1W MACD(12;26;9)SellBuyBuy RSI(14)NeutralNeutralNeutral Stochastic(5;3;3)NeutralNeutralNeutral Alligator(13;8;5)SellNeutralBuy SAR(0.02;0.2)BuySellBuy Aggregate⇒⇒⇗ [ANNOUNCE]The Australian Dollar surged by 79 pips or 0.91% against the US Dollar on Friday. The currency pair tested the upper line of a descending channel pattern at 0.7784 during the Asian session on Monday.[/ANNOUNCE]Currently, the exchange rate is trading near the upper boundary of the channel pattern and could
- Mon, 17 May 2021 06:55:37 GMT
EUR/JPY bulls likely to prevail
PositionsTodayYesterdayChange Longs29%30%-0.9% Shorts71%70%0.4% Indicator4H1D1W MACD(12;26;9)BuyBuyBuy RSI(14)NeutralSellSell Stochastic(5;3;3)SellNeutralSell Alligator(13;8;5)BuyBuyBuy SAR(0.02;0.2)BuyBuyBuy Aggregate⇗⇗⇒ [ANNOUNCE]The Eurozone single currency surged by 58 pips or 0.44% against the Japanese Yen on Friday. The currency pair breached the resistance level at 132.04 during the Asian session on Monday.[/ANNOUNCE]All things being equal, the 50– hour simple moving average could provide support for bullish traders to drive the
- Fri, 14 May 2021 07:19:37 GMT
Gold finds support
The yellow metal's price found support in the 200-hour simple moving average and started a surge. Note that the surge is captured by the borders of a channel up pattern. In addition, note that by the middle of Friday's trading, the metal had passed the resistance of the 55 and 100-hour simple moving average. In the case of the pattern holding,
- Fri, 14 May 2021 07:09:32 GMT
USD/JPY reveals channel down
The USD/JPY has revealed a minor channel down pattern, which captures the rate's decline in the aftermath of the Wednesday's US CPI release surge. Future scenarios were based upon whether or not the rate continues to trade in the pattern's borders. In the case of the channel down pattern holding, the rate would gradually decline to the support of the 100
- Fri, 14 May 2021 07:05:27 GMT
USD/CAD breakout occurs
PositionsTodayYesterdayChange Longs73%73%1.2% Shorts27%27%-3.3% Indicator4H1D1W MACD(12;26;9)SellSellSell RSI(14)NeutralBuyBuy Stochastic(5;3;3)NeutralBuyBuy Alligator(13;8;5)SellSellSell SAR(0.02;0.2)BuySellSell Aggregate⇒⇒⇒ [ANNOUNCE]The US Dollar surged by 81 pips or 0.67% against the Canadian Dollar on Thursday. A breakout occurred through the upper boundary of a descending channel pattern during yesterday' trading session.[/ANNOUNCE]Given that a breakout has occurred, the exchange rate could continue to trend bullish during the following trading session. The
- Fri, 14 May 2021 06:59:33 GMT
GBP/USD finds support
The decline of the GBP/USD did not reach the support of the 200-hour simple moving average on Thursday. Instead, the rate found support in the 1.4005/1.4015 zone, which had provided both resistance and support on Monday. On Friday morning, the GBP/USD had recovered to the 1.4070 level, where it encountered the 55-hour simple moving average. The 55-hour SMA could provide resistance
- Fri, 14 May 2021 06:52:02 GMT
GBP/JPY bears likely to prevail
PositionsTodayYesterdayChange Longs26%28%-6.5% Shorts74%72%2.3% Indicator4H1D1W MACD(12;26;9)BuyBuyBuy RSI(14)NeutralNeutralSell Stochastic(5;3;3)NeutralSellNeutral Alligator(13;8;5)BuyBuyBuy SAR(0.02;0.2)BuyBuySell Aggregate⇗⇗⇒ [ANNOUNCE]The British Pound declined by 78 pips or 0.50% against the Japanese Yen on Thursday. The currency pair breached the 50– hour simple moving average during Thursday's trading session.[/ANNOUNCE]The GBP/JPY exchange rate is likely to continue to edge lower during Friday's trading session. The potential target for bearish traders could
- Fri, 14 May 2021 06:47:47 GMT
EUR/USD reaches above 1.2100
On Friday morning, the EUR/USD currency exchange rate passed the resistance of the 55 and 200-hour simple moving averages and reached above the 1.2100 level. However, almost immediately resistance was provided by the weekly simple pivot point at 1.2109. In the case of the rate passing the resistance of the weekly simple pivot point, the pair would face the resistance
- Fri, 14 May 2021 06:33:06 GMT
AUD/USD could still edge up
PositionsTodayYesterdayChange Longs37%35%6.6% Shorts63%65%-4.0% Indicator4H1D1W MACD(12;26;9)BuyBuyBuy RSI(14)NeutralNeutralNeutral Stochastic(5;3;3)NeutralNeutralNeutral Alligator(13;8;5)BuyBuyBuy SAR(0.02;0.2)SellBuySell Aggregate⇒⇗⇒ [ANNOUNCE]The Australian Dollar surged by 44 pips or 0.57% against the US Dollar on Thursday. The currency pair breached the support level at 0.7723 during yesterday's trading session.[/ANNOUNCE]As for the near future, the AUD/USD exchange rate could continue to edge higher. A breakout through the upper boundary of a descending
- Fri, 14 May 2021 06:02:05 GMT
EUR/JPY remains below 132.50 level
PositionsTodayYesterdayChange Longs30%28%6.1% Shorts70%72%-2.6% Indicator4H1D1W MACD(12;26;9)BuyBuyBuy RSI(14)NeutralNeutralSell Stochastic(5;3;3)NeutralNeutralNeutral Alligator(13;8;5)BuyBuyBuy SAR(0.02;0.2)SellBuyBuy Aggregate⇒⇗⇗ [ANNOUNCE]The common European currency declined by 44 pips or 0.33% against the Japanese Yen on Thursday. The decline was stopped by the 50– hour simple moving average during Thursday's trading session.[/ANNOUNCE]All things being equal, the EUR/JPY exchange rate could edge higher during the following trading session. A breakout through
- Thu, 13 May 2021 09:07:29 GMT
Gold tests support zone
In the aftermath of the release of the US Consumer Price Index, the yellow metal declined until it found support in the 1,812.00/1,818.00 zone. In the near term future, the 200-hour simple moving average would approach the price and provide support. In the case of a potential surge, the rate could recover first to the 55 and 100-hour simple moving averages
- Thu, 13 May 2021 08:55:06 GMT
USD/JPY surges due to CPI
As the US Consumer Price Index was released on Wednesday and revealed a lot larger inflation in the United States than previously expected, the US Dollar surged against the Japanese Yen. During five hours, the currency exchange rate surged by almost 100 base points or 0.90%. Moreover, the surge slowly continued until it reached the 109.80 level and booked a new
- Thu, 13 May 2021 08:38:29 GMT
GBP/USD ends sideways trading
The release of the US Consumer Price Index caused two hours of high volatility during the mid-day of Wednesday. It was followed up by a decline. By the middle of Thursday's trading, the rate had passed the support of the 100-hour simple moving average at 1.4078 and the weekly R1 simple pivot point at 1.4064. In the near term future, the
- Thu, 13 May 2021 08:31:17 GMT
EUR/USD declines below 1.2100
As the United States released its inflation data, the EUR/USD began to trade with high volatility on Wednesday. The high volatility ended below the 200-hour SMA at the 1.2066 level. The rate's decline appeared to have been stopped by the support of the 1.2053/1.2070 zone, which provided both resistance and support on May 6. During the early Thursday's trading hours,
- Thu, 13 May 2021 07:45:52 GMT
USD/CAD two scenarios likely
PositionsTodayYesterdayChange Longs73%70%3.2% Shorts27%30%-8.3% Indicator4H1D1W MACD(12;26;9)SellSellSell RSI(14)NeutralBuyBuy Stochastic(5;3;3)NeutralBuyBuy Alligator(13;8;5)SellSellSell SAR(0.02;0.2)BuySellSell Aggregate⇒⇒⇒ [ANNOUNCE]The US Dollar surged by 72 pips or 0.59% against the Canadian Dollar on Wednesday. The currency pair breached the upper boundary of a descending channel pattern during the London open on Thursday.[/ANNOUNCE]The exchange rate is likely to continue to edge higher during the following trading session. The potential target
- Thu, 13 May 2021 07:31:20 GMT
GBP/JPY bullish run likely to continue
PositionsTodayYesterdayChange Longs28%30%-7.3% Shorts72%70%2.8% Indicator4H1D1W MACD(12;26;9)BuyBuyBuy RSI(14)NeutralNeutralSell Stochastic(5;3;3)NeutralSellNeutral Alligator(13;8;5)BuyBuyBuy SAR(0.02;0.2)BuyBuySell Aggregate⇗⇗⇒ [ANNOUNCE]The British Pound surged by 76 pips or 0.50% against the Japanese Yen on Wednesday. The currency pair tested the upper boundary of an ascending channel pattern during yesterday's trading session.[/ANNOUNCE]Everything being equal, the GBP/JPY currency exchange rate could continue to trend bullish during the following trading session. A breakout
- Thu, 13 May 2021 06:29:21 GMT
AUD/USD breakout occurs
PositionsTodayYesterdayChange Longs35%35%0.9% Shorts65%65%-0.5% Indicator4H1D1W MACD(12;26;9)BuyBuyBuy RSI(14)NeutralNeutralNeutral Stochastic(5;3;3)NeutralNeutralNeutral Alligator(13;8;5)BuyBuyBuy SAR(0.02;0.2)SellBuySell Aggregate⇒⇗⇒ [ANNOUNCE]The Australian Dollar declined by 87 pips or 1.11% against the US Dollar on Wednesday. A breakout occurred through the lower boundary of an ascending channel pattern during Wednesday's trading session.[/ANNOUNCE]All things being equal, the AUD/USD exchange rate could continue to edge lower during the following trading session. The potential
- Thu, 13 May 2021 05:44:40 GMT
EUR/JPY nears 132.50 level
PositionsTodayYesterdayChange Longs28%27%3.2% Shorts72%73%-1.2% Indicator4H1D1W MACD(12;26;9)BuyBuyBuy RSI(14)NeutralNeutralSell Stochastic(5;3;3)NeutralNeutralNeutral Alligator(13;8;5)BuyBuyBuy SAR(0.02;0.2)SellBuyBuy Aggregate⇒⇗⇗ [ANNOUNCE]The common European currency surged by 70 pips or 0.53% against the Japanese Yen on Wednesday. The currency pair breached the 50– hour simple moving average during Wednesday's trading session.[/ANNOUNCE]Currently, the EUR/JPY exchange rate is trading near the resistance level at the 132.52 area.If the resistance line holds, a
- Wed, 12 May 2021 08:12:41 GMT
USD/CAD consolidates above 1.2080
PositionsTodayYesterdayChange Longs70%75%-6.1% Shorts30%25%14.4% Indicator4H1D1W MACD(12;26;9)SellSellSell RSI(14)NeutralBuyBuy Stochastic(5;3;3)NeutralBuyBuy Alligator(13;8;5)SellSellSell SAR(0.02;0.2)BuySellSell Aggregate⇒⇒⇒ [ANNOUNCE]The US Dollar traded sideways against the Canadian Dollar on Tuesday. The USD/CAD currency pair consolidated above the 1.2080 level during Tuesday's trading session.[/ANNOUNCE]The exchange rate breached the 50– hour simple moving average during the Asian session on Wednesday. Most likely, bullish traders could push the price higher today.However, technical
- Wed, 12 May 2021 07:40:21 GMT
GBP/JPY tests 50– hour SMA
PositionsTodayYesterdayChange Longs30%28%4.2% Shorts70%72%-1.8% Indicator4H1D1W MACD(12;26;9)BuyBuyBuy RSI(14)NeutralNeutralSell Stochastic(5;3;3)NeutralSellNeutral Alligator(13;8;5)BuyBuyBuy SAR(0.02;0.2)BuyBuySell Aggregate⇗⇗⇒ [ANNOUNCE]The Pound Sterling declined by 44 pips or 0.29% against the Japanese Yen on Tuesday. The decline was stopped by the 50– hour simple moving average during yesterday's trading session.[/ANNOUNCE]The 50– hour SMA could propel the currency pair higher during the following trading session.However, if the exchange rate breaks the
- Wed, 12 May 2021 07:28:46 GMT
Gold reveals support zone
On Tuesday, the yellow metal did not find support in the 55-hour simple moving average near 1,830.00. Instead, the price declined to the 1,818.20 level. The event confirmed that the 1,812.80/1,818.20 zone could provide support in the future. During the early hours of Wednesday's trading, the price was located in the middle between the 1,812.80/1,818.20 support zone and the resistance of
- Wed, 12 May 2021 07:20:03 GMT
USD/JPY respects Fibonacci retracement
The support of the 50.00% Fibonacci retracement level at 108.35 held and caused another surge to the technical levels near 109.00. During the early hours of Wednesday's trading, the pair had reached the resistance of the weekly simple pivot and the 100-hour simple moving average at 108.90. If the rate manages to pass the weekly simple pivot point's and 100-hour SMA's
- Wed, 12 May 2021 07:13:26 GMT
AUD/USD two scenarios likely
PositionsTodayYesterdayChange Longs35%31%9.4% Shorts65%69%-5.0% Indicator4H1D1W MACD(12;26;9)BuyBuyBuy RSI(14)NeutralNeutralNeutral Stochastic(5;3;3)NeutralNeutralNeutral Alligator(13;8;5)BuyBuyBuy SAR(0.02;0.2)SellBuySell Aggregate⇒⇗⇒ [ANNOUNCE]Since Tuesday's trading session, the Australian Dollar has declined by 69 pips or 0.88% against the US Dollar. The currency pair tested the lower boundary of an ascending channel pattern at 0.7786 during the Asian session on Wednesday.[/ANNOUNCE]If the channel pattern holds, buyers are likely to pressure the exchange rate
- Wed, 12 May 2021 07:12:48 GMT
GBP/USD reveals resistance and support
Since the middle of Monday, the GBP/USD has traded in a 50 pip range between two zones. From the above, resistance is provided by the 1.4160/1.4170 zone. In the meantime, support is found in the 1.4100/1.4110 zone. On Wednesday, the rate had once again bounced off the support of the 1.4100/1.4110 zone. The rate was most likely going to once again