Technical Analysis

Note: This section contains information in English only.
Tue, 27 Apr 2021 06:06:43 GMT

EUR/JPY likely to edge higher

The Eurozone single currency surged by 49 pips or 0.38% against the Japanese Yen on Monday. The currency pair breached the resistance level at 130.48 during Monday's trading session.

Tue, 27 Apr 2021 05:10:50 GMT

XAU/USD tests 200– hour SMA

On April 26, The XAU/USD exchange rate bounced off a support level formed by the 200– hour simple moving average at 1770.0. As a result, the commodity surged by 100 pips or 0.61% during Monday's trading session.

Tue, 27 Apr 2021 04:57:37 GMT

USD/JPY two scenarios likely

On April 26, the US Dollar surged by 54 pips or 0.50% against the Japanese Yen. The currency pair breached the 55– and 200– hour SMAs during yesterday's trading session.

Tue, 27 Apr 2021 04:39:11 GMT

GBP/USD bounces off support cluster

On Monday, the British Pound dropped by 54 pips or 0.42% against the US Dollar. The currency pair tested a support cluster near the 1.3880 area during the Asian session on Tuesday.

Tue, 27 Apr 2021 04:27:14 GMT

EUR/USD decline likely to continue

On Monday, the common European currency declined by 50 pips or 0.41% against the US Dollar. The decline was stopped by the 55– hour simple moving average during yesterday's trading session.

Mon, 26 Apr 2021 08:16:09 GMT

USD/CAD is below 1.2480

The US Dollar has declined by 61 pips or 0.49% against the Canadian Dollar since Friday's trading session. The USD/CAD currency pair broke the 1.2470 level on Monday morning.

Mon, 26 Apr 2021 07:45:45 GMT

GBP/JPY breaks channel pattern

The British Pound surged by 67 pips or 0.45% against the Japanese Yen on Friday. The currency pair breached the upper boundary of a descending channel pattern on Monday morning.

Mon, 26 Apr 2021 06:55:55 GMT

AUD/USD likely to edge higher

Australia's currency surged by 55 pips or 0.71% against the US Dollar on Friday. The currency pair breached the resistance level at 0.7760 during the Asian session on Monday.

Mon, 26 Apr 2021 06:24:54 GMT

EUR/JPY breakout occurs

The single European currency surged by 91 pips or 0.70% against the Japanese Yen on Friday. A breakout occurred through the upper line of a descending channel pattern during Friday's trading session.

Mon, 26 Apr 2021 05:30:00 GMT

XAU/USD breakout could occur

On April 23, the precious metal Gold dropped by 247 pips or 1.38% against the US Dollar. The commodity breached the 55– and 100– hour SMAs during Friday's trading session.

Mon, 26 Apr 2021 05:20:46 GMT

USD/JPY could edge lower

On Friday, the US Dollar rose by 58 pips or 0.54% against the Japanese Yen. The surge was stopped by a resistance cluster formed by the 55– and 100– hour SMAs near the 108.00 level during Friday's trading session.

Mon, 26 Apr 2021 05:00:19 GMT

GBP/USD breached channel pattern

During the first half of Friday's trading session, The British Pound declined by 58 pips or 0.42% against the US Dollar. However, the exchange rate rebounded at the end of the day.

Mon, 26 Apr 2021 04:49:42 GMT

EUR/USD breaks resistance at 1.2080

On April 23, the common European currency surged by 88 pips or 0.73% against the US Dollar. The currency pair breached the resistance level at 1.2080 during Friday's trading session.

Fri, 23 Apr 2021 15:17:27 GMT

Gold falls below pivot points

The high levels from 1,790.00 to 1,800.00 have been marked in a resistance zone, as it has held throughout this week. On Friday, the rate passed the support levels of the 55 and 100-hour simple moving averages, which previously provided support. The decline of the metal had no support as low as the 1,765.00 mark and the 200-hour simple moving average

Fri, 23 Apr 2021 15:05:33 GMT

USD/JPY is highly volatile

The USD/JPY managed to pass the support of the 107.80/108.00 zone. This resulted in a sharp drop to the 107.50 level. However, the support of the 107.50 managed to hold and immediately cause a surge. The surge was much sharper than the drop and in less than two hours had almost reached the 108.20 level, ignoring all the levels that

Fri, 23 Apr 2021 14:44:59 GMT

GBP/USD is between SMAs

On Friday, the GBP/USD currency exchange rate began to trade sideways between the support of the 200-hour simple moving average at 1.3855 and the resistance of the 55-hour SMA at 1.3893. In the case of the rate breaking out of the squeeze to the downside, the rate would most likely look for support first in the 1.3800 level and afterwards

Fri, 23 Apr 2021 14:32:32 GMT

EUR/USD returns to resistance

The EUR/USD found support in the zone of the mid-April high levels before starting a surge. By the start of the Friday's US trading hours, the currency exchange rate had already reached the resistance of the weekly R2 simple pivot point, which reversed the rate's surge on April 20. In the near term future, if the pair passes the resistance

Fri, 23 Apr 2021 07:56:29 GMT

USD/CAD two scenarios likely

The US Dollar declined by 38 pips or 0.30% against the Canadian Dollar on Thursday. The USD/CAD currency pair found support at 1.2476 during yesterday's trading session.

Fri, 23 Apr 2021 07:24:13 GMT

GBP/JPY could edge higher

The British Pound declined by 128 pips or 0.95% against the Japanese Yen on Thursday. The GBP/JPY currency pair tested the 149.45 level during yesterday's trading session.

Fri, 23 Apr 2021 06:56:47 GMT

AUD/USD bounces off support

The Australian Dollar fell by 58 pips or 0.74% against the US Dollar on Thursday. The currency pair breached the 50– and 200– hour SMAs during Thursday's trading session.

Fri, 23 Apr 2021 06:22:40 GMT

EUR/JPY trades above 129.60

The common European currency declined by 63 pips or 0.48% against the Japanese Yen on Thursday. The currency pair tested the support level at 129.66 during Thursday's trading session.

Thu, 22 Apr 2021 11:07:00 GMT

Gold fails to reach 1,800.00

The yellow metal made two attempts to reach the resistance of the 1,800.00 level. Both of them failed. On Thursday, the rate was declining, as by the middle of the day's European trading hours, the rate had almost reached the 55 and 100-hour simple moving averages. If the 55 and 100-hour simple moving averages provide enough support, the commodity price could

Thu, 22 Apr 2021 10:54:19 GMT

USD/JPY situation changes

The USD/JPY continued to trade between the weekly S2 simple pivot point's support and the resistance of the 55-hour simple moving average. However, the situation had changed, as the rate was now piercing the support level and not the resistance. Namely, a decline was more possible than a surge. In the case of the support of the weekly S2 simple pivot

Thu, 22 Apr 2021 10:42:36 GMT

GBP/USD remains below SMA

During the first half of Thursday's European trading, the GBP/USD currency exchange rate remained below the resistance of the 55-hour simple moving average. In the meantime, it was spotted that the rate was finding support in the 1.3900 mark. In the case of the 1.3900 level failing to continue to provide support, the GBP/USD would most likely decline to the 1.3850

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