Technical Analysis

Note: This section contains information in English only.
Mon, 03 Feb 2014 07:48:14 GMT

GBP/USD eyes 1.6300/1.6273

GBP/USD has finally come under the demand area circa 1.65 and is now poised to move even lower, despite the weekly ‘buy' signals.

Fri, 31 Jan 2014 15:27:12 GMT

NZD/USD questions resilience of 0.8127/05

Depreciation of the New Zealand Dollar revs up, as none of the nearby supports seem to be sufficient to nullify the downward momentum.

Fri, 31 Jan 2014 15:27:05 GMT

USD/CAD preserves bullish momentum

Apparently, the weekly R1 will soon fall victim to the USD/CAD's bullish momentum, thereby paving the way towards the weekly R2 at 1.1298.

Fri, 31 Jan 2014 15:26:56 GMT

AUD/USD erodes 0.8764/47

AUD/USD continues to put substantial pressure on the monthly S1 at 0.8764 and is likely to breach it in the nearest future, as implied by the majority of technical indicators (only MACD and Stochastic are presently bullish).

Fri, 31 Jan 2014 15:26:49 GMT

EUR/JPY plummets to 138.45/40

EUR/JPY has largely neglected the 2009 highs and is currently testing a tough support.

Fri, 31 Jan 2014 07:54:14 GMT

USD/CHF challenges 0.9033/29

Despite prevalence of ‘sell' signals on the weekly and monthly charts, the support at 0.8945 proved to be a tough level, as it prevented an extension of a dip and managed to restore a bullish momentum.

Fri, 31 Jan 2014 07:54:07 GMT

USD/JPY fails to leave 102.04/101.62

Even though the support at 102.04 provides a fair amount of buoyancy for USD/JPY, the currency pair remains unable to surpass the resistance at 102.90/78.

Fri, 31 Jan 2014 07:53:57 GMT

GBP/USD is at key support

GBP/USD has fallen through the weekly PP and 2011 highs in order to once again test firmness of the up-trend support line at 1.6477/21.

Fri, 31 Jan 2014 07:53:51 GMT

EUR/USD plunges 100 pips

Although we were expecting a more gradual descent, EUR/USD did breach the support at 1.3659/44 as intended and in the next moment pierced through the 100-day SMA.

Thu, 30 Jan 2014 15:28:47 GMT

NZD/USD to probe 0.8126/05

The down-trend resistance line, in combination with the 100-day SMA, did not let the New Zealand Dollar to appreciate any further and initiated a decline that has already broken through the monthly PP.

Thu, 30 Jan 2014 15:28:40 GMT

USD/CAD preserves bullish momentum

USD/CAD continues to gain ground after receiving a strong upward impetus near 1.10.

Thu, 30 Jan 2014 15:28:33 GMT

AUD/USD buoyed by 0.8764/47

For the time being AUD/USD manages to float above the monthly S1, but, given that the resistance at 0.8845/35 is deemed to be impenetrable, the Aussie is more likely to follow the path suggested by the majority of technical indicators, namely the one that leads south.

Thu, 30 Jan 2014 15:28:18 GMT

EUR/JPY tests 139

EUR/JPY continues to respect the downward-sloping boundaries of the bearish channel that started emerging soon after the beginning of this year.

Thu, 30 Jan 2014 07:39:17 GMT

USD/CHF thrown back by 0.8999/86

USD/CHF turned out to be unable to keep up the pace and recoiled from 0.8999/86, as suggested by some of the technical indicators, thereby delaying its arrival at 0.9162 (200-day SMA).

Thu, 30 Jan 2014 07:39:11 GMT

USD/JPY gravitates towards 38.2% Fibo

USD/JPY failed to surpass one of the recent lows and pared its recent gains by going all the way back to the 38.2% retracement of the Oct-Dec rally.

Thu, 30 Jan 2014 07:38:56 GMT

GBP/USD loses upward momentum

Yet another unsuccessful try to rise beyond the monthly R1, and GBP/USD is descending from 1.6679/28 towards 1.6518/1.6478, the lower boundary of the 11-month rising wedge.

Thu, 30 Jan 2014 07:38:42 GMT

EUR/USD forces its way through 1.3661/44

Yesterday EUR/USD spiked through a number of supports, including the 100-day SMA at 1.3618, but at these levels the demand still exceeds the supply, and the currency pair returned back to 1.3661/44.

Wed, 29 Jan 2014 15:22:35 GMT

NZD/USD tests 0.8285/62

The support at 0.8240/20, formed by the monthly pivot points and the 55-day SMA, appears to have stopped the downward momentum that has persisted since Jan 14.

Wed, 29 Jan 2014 15:22:28 GMT

USD/CAD struggles to breach 1.1192/80

USD/CAD has recently confirmed 1.10 as the new support and therefore is set to push forward, as implied by most of the near-term indicators.

Wed, 29 Jan 2014 15:22:22 GMT

AUD/USD's rally suppressed by 0.8845/34

AUD/USD failed to gain a foothold above the monthly S1 and is currently sliding en route to 0.87, which has already proved to be important for the market.

Wed, 29 Jan 2014 15:22:15 GMT

EUR/JPY halted by down-trend resistance

The down-trend resistance line at 141 stopped advancement of the pair and initiated a sell-off, which seems to be likely to result in a breach of the monthly S1 and the 38.2% retracement of the November-December up-move.

Wed, 29 Jan 2014 07:29:28 GMT

GBP/USD stalls ahead of 1.6679/24

Today there are more ‘buy' signals provided by the technical indicators than yesterday, but the Cable continues to hesitate to advance around the resistance represented by the monthly R1 at 1.6679.

Wed, 29 Jan 2014 07:29:21 GMT

USD/JPY leaves monthly S1 behind

USD/JPY stopped short of touching the 100-day SMA, turned around and subsequently pierced through 102.90/78, thereby exposing the key cluster of resistance at 104.09/103.73.

Wed, 29 Jan 2014 07:29:11 GMT

USD/CHF gains ground

The U.S. Dollar regains its previous positions in the market, and USD/CHF is no exception.

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