Technical Analysis

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Wed, 03 Feb 2021 08:19:01 GMT

AUD/USD bounces off support

The Australian Dollar fell by 92 pips or 1.20% against the US Dollar on Tuesday. The currency pair tested the weekly support level at 0.7566 during Tuesday's trading session.

Wed, 03 Feb 2021 07:43:19 GMT

EUR/JPY decline could continue

The common European currency declined by 53 pips or 0.42% against the Japanese Yen on Tuesday. The decline was stopped by the 200– hour simple moving average at 126.34 during yesterday's trading session.

Tue, 02 Feb 2021 10:26:31 GMT

XAU/USD could go downwards

Yesterday, the XAU/USD exchange rate bounced off the 1,870.00 level.

Tue, 02 Feb 2021 10:20:10 GMT

USD/JPY tests Fibo 23.60%

Since Tuesday evening, the USD/JPY currency pair has been testing the resistance level—the Fibo 23.60% at 105.03.

Tue, 02 Feb 2021 10:12:05 GMT

GBP/USD tests lower pattern line

Since yesterday, the GBP/USD exchange rate has been testing the lower line of the rising wedge pattern.

Tue, 02 Feb 2021 10:05:10 GMT

EUR/USD could trade downwards

On Monday, the EUR/USD currency pair pierced the support level—the weekly S1 at 1.2070.

Tue, 02 Feb 2021 08:46:54 GMT

NZD/USD bulls could prevail

The New Zealand Dollar declined by 47 pips or 0.66% against the US Dollar on Monday. The currency pair tested the lower boundary of an ascending channel pattern at 0.7155 during yesterday's trading session.

Tue, 02 Feb 2021 07:57:28 GMT

USD/CAD bounces off support

The US Dollar surged by 101 pips or 0.79% against the Canadian Dollar on Monday. The currency pair breached the 50– and 100– hour SMAs during Monday's trading session.

Tue, 02 Feb 2021 07:20:01 GMT

AUD/USD bears could prevail

The Australian Dollar edged lower by 45 pips or 0.58% against the US Dollar on Monday. The currency pair was pressured lower by the 50– hour simple moving average during yesterday's trading session.

Tue, 02 Feb 2021 07:05:23 GMT

EUR/JPY buying signals

The Eurozone single currency fell by 52 pips or 0.41% against the Japanese Yen on Monday. The currency pair breached the 50– hour simple moving average at 126.85 during Monday's trading session.

Mon, 01 Feb 2021 11:48:49 GMT

XAU/USD remains below 1,875.00

On Friday, the XAU/USD exchange rate re-tested the resistance level at 1,875.00.

Mon, 01 Feb 2021 11:42:50 GMT

USD/JPY trades above 104.80

During today's morning hours, the USD/JPY currency pair exceeded the psychological level at 104.80.

Mon, 01 Feb 2021 11:36:40 GMT

GBP/USD to re-test upper pattern line

The GBP/USD exchange rate continues to follow the rising wedge pattern.

Mon, 01 Feb 2021 11:27:29 GMT

EUR/USD tests weekly S1

During Monday morning hours, the EUR/USD currency pair dropped to the support level—the weekly S1 at 1.2070.

Mon, 01 Feb 2021 07:48:20 GMT

NZD/USD bounces off support

The New Zealand Dollar declined by 69 pips or 0.96% against the US Dollar during the previous session. The currency pair tested the 50– hour simple moving average on Monday morning.

Mon, 01 Feb 2021 07:30:07 GMT

USD/CAD could break channel

The US Dollar declined by 118 pips or 0.92% against the Canadian Dollar on Friday. The currency pair tested the lower boundary of an ascending channel pattern during Friday's trading session.

Mon, 01 Feb 2021 07:16:25 GMT

AUD/USD decline could continue

The Australian Dollar declined by 67 pips or 0.87% against the US Dollar on Friday. The 100– hour simple moving average pressured the currency pair lower during Friday's trading session.

Mon, 01 Feb 2021 06:51:15 GMT

EUR/JPY breaks channel pattern

The single European currency surged by 91 pips or 0.72% against the Japanese Yen on Friday. The currency pair breached the upper line of an ascending channel pattern during Friday's trading session.

Fri, 29 Jan 2021 10:11:30 GMT

XAU/USD follows falling wedge pattern

As apparent on the chart, the XAU/USD exchange rate continued to decline within a falling wedge pattern.

Fri, 29 Jan 2021 10:03:15 GMT

USD/JPY trades at 104.80

During Friday morning hours, the USD/JPY currency pair skyrocketed to the 104.80 mark.

Fri, 29 Jan 2021 09:57:04 GMT

GBP/USD to re-test lower pattern line

The GBP/USD exchange rate continues to trade within a rising wedge pattern,

Fri, 29 Jan 2021 09:51:24 GMT

EUR/USD continues to consolidate

As apparent on the chart, the EUR/USD currency pair has been trading sideways since Wednesday late evening.

Fri, 29 Jan 2021 08:12:06 GMT

NZD/USD buying signals

The New Zealand Dollar surged by 85 basis points or 1.19% against the US Dollar on Thursday. The surge was stopped by a resistance cluster at 0.7188 during yesterday's trading session.

Fri, 29 Jan 2021 07:55:07 GMT

USD/CAD two scenarios likely

The US Dollar declined by 85 basis points or 0.66% against the Canadian Dollar on Thursday. The currency pair tested the support level at 1.2792 during yesterday's trading session.

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