Technical Analysis

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Fri, 07 Aug 2020 10:05:22 GMT

GBP/USD trades at 1.3090

Yesterday, the GBP/USD exchange rate reversed south from the psychological level at 1.3180. During Friday morning, the rate was trading at 1.3090.

Fri, 07 Aug 2020 09:58:09 GMT

EUR/USD tests 100-hour SMA

On Thursday, the EUR/USD currency pair traded sideways around the 1.1860 level. During today's morning, the pair was testing the 100-hour SMA near 1.1820.

Fri, 07 Aug 2020 08:35:38 GMT

NZD/USD awaits data releases

The New Zealand Dollar surged by 58 basis points or 0.88% against the US Dollar on Thursday. The currency pair tested the weekly resistance level at 0.6688 during yesterday's trading session.

Fri, 07 Aug 2020 08:12:04 GMT

USD/CAD awaits NFP

Upside risks have dominated the US Dollar against the Japanese Yen since Thursday's trading session. The currency pair tested a resistance level formed by the 200– hour simple moving average at 1.3359 on Friday morning.

Fri, 07 Aug 2020 07:34:35 GMT

AUD/USD buying signals

The Australian Dollar surged by 57 basis points or 0.79% against the US Dollar on Thursday. The AUD/USD currency pair tested the 0.7240 level during Thursday's trading session.

Fri, 07 Aug 2020 06:51:16 GMT

EUR/JPY two scenarios likely

The single European currency declined by 70 basis points or 0.56% against the Japanese Yen during the first half of Thursday's trading session. The exchange rate rebounded at the end of the day.

Thu, 06 Aug 2020 10:08:00 GMT

XAU/USD tests monthly R1

Yesterday, the XAU/USD exchange rate raised to the resistance level—the monthly R1 at 2,056.09. During Thursday morning, the rate was testing the given resistance.

Thu, 06 Aug 2020 09:58:59 GMT

USD/JPY might trade sideways

On Wednesday, the USD/JPY currency pair consolidated at 105.60. During today's morning, the pair maintained its consolidation.

Thu, 06 Aug 2020 09:50:15 GMT

GBP/USD tests 1.3180 level

Yesterday, the GBP/USD exchange rate raised to the 1.3160 level. During Thursday morning, the rate was testing the 1.3180 mark.

Thu, 06 Aug 2020 09:44:00 GMT

EUR/USD could consolidate

On Wednesday, the EUR/USD currency pair re-tested the 2020 high at 1.1903. During today's morning, the pair declined to 1.1840.

Thu, 06 Aug 2020 08:29:00 GMT

NZD/USD bulls likely to prevail

The New Zealand Dollar made about 35 points or 0.53% move against the US Dollar on Wednesday. The currency pair breached the weekly pivot point at 0.6654 during yesterday's session.

Thu, 06 Aug 2020 08:14:51 GMT

USD/CAD potential pullback

The US Dollar traded with low volatility against the Canadian Dollar on Wednesday. The currency pair made about 53 points or 0.40 during Wednesday's trading sessions.

Thu, 06 Aug 2020 07:32:22 GMT

AUD/USD could still edge higher

The Australian Dollar surged by 62 points or 0.87% against the US Dollar on Wednesday. The currency pair breached the weekly resistance level at 0.7216 during yesterday's trading session.

Thu, 06 Aug 2020 06:33:31 GMT

EUR/JPY tests weekly R1

The Eurozone single currency has surged by 89 points or 0.71% against the Japanese Yen since Wednesday's trading session. The currency pair tested the weekly R1 at 125.56 on Thursday morning.

Wed, 05 Aug 2020 10:33:05 GMT

XAU/USD exceeded 2,000.00

Yesterday, the XAU/USD exchange rate skyrocketed to the 2,030.00 level. During Wednesday morning, the rate exceeded the given level.

Wed, 05 Aug 2020 09:25:59 GMT

USD/JPY squeezed by moving averages

On Tuesday, the USD/JPY currency pair failed to exceed the monthly PP at 106.09. During today's morning, the pair was testing the support from the 100– and 200-hour SMAs near 105.50.

Wed, 05 Aug 2020 09:16:00 GMT

GBP/USD supported by 55– and 100-hour SMAs

Yesterday, the GBP/USD exchange rate pierced the weekly PP at 1.3013, however, reversed north. During Wednesday morning, the rate was trading at 1.3100.

Wed, 05 Aug 2020 09:02:32 GMT

EUR/USD could go upwards

On Tuesday, the EUR/USD currency pair reversed north from the 200-hour moving average near 1.1730. During today's morning, the pair exceeded the 1.1820 level.

Wed, 05 Aug 2020 09:00:42 GMT

NZD/USD tests weekly PP

The New Zealand Dollar has surged by 68 pips or 1.04% against the US Dollar since Tuesday's trading session. The currency pair tested the weekly pivot point at 0.6654 during the London session on Wednesday.

Wed, 05 Aug 2020 08:09:00 GMT

USD/CAD potential breakout

The US Dollar has declined by 144 pips or 1.07% against the Canadian Dollar since Tuesday's trading session. The currency pair tested a support cluster formed by the weekly S1 and the monthly S2 at 1.3278 on Wednesday morning. 

Wed, 05 Aug 2020 07:53:37 GMT

AUD/USD targets at 0.7216

The Australian Dollar surged by 57 pips or 0.80% against the US Dollar on Tuesday. The currency pair breached the monthly pivot point at 0.7151 during yesterday's trading session.

Wed, 05 Aug 2020 06:40:46 GMT

EUR/JPY bulls likely to prevail

The common European currency declined by 69 pips or 0.55% against the Japanese Yen on Tuesday.

Tue, 04 Aug 2020 09:32:26 GMT

XAU/USD supported by 55– and 100-hour SMAs

Yesterday, the XAU/USD exchange rate broke the lower line of the rising wedge pattern. During Tuesday morning, the rate was testing the support provided by the 55-hour SMA near 1,973.00.

Tue, 04 Aug 2020 09:25:01 GMT

USD/JPY might consolidate

On Monday, the USD/JPY currency pair was trading sideways around the monthly PP at 106.09. During today's morning, the pair maintained its consolidation.

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