Technical Analysis

Thu, 06 Feb 2025 10:46:11 GMT

USD/JPY Technical analysis

The USD/JPY currency pair is currently trading above the 152.000 price level, indicating a potential shift in market sentiment. If the pair experiences further downside momentum, it could approach the 151.100 level, which may indicate a continuation of a bearish trend. On the other hand, if a bullish reversal occurs, the pair could target the 153.800 price level, suggesting a

Tue, 04 Feb 2025 11:51:18 GMT

GBP/USD Technical analysis

The FX pair is currently trading within a price range of 1.23680 to 1.24500. The 50-period, 100-period, and 200-period Simple Moving Averages are within this range, which could indicate that a directional impulse may occur in the shorter time frame. A bullish impulse could potentially push the price towards the 1.24500 resistance level, while a bearish impulse could move the

Thu, 30 Jan 2025 15:11:45 GMT

Gold reaches an all-time high resistance level

Gold has recently reached an all-time high resistance level of 2790.00, marking a significant milestone in its price movement. However, the lower-than-expected U.S. GDP numbers for Q4 2024 could have a considerable effect on the continuation of its bullish momentum. Economic data often plays a key role in shaping market sentiment, and disappointing GDP growth could raise concerns about the

Wed, 29 Jan 2025 09:08:45 GMT

EUR/USD Technical analysis

EUR/USD is trading at the 1.4210 level after rejecting the support at 1.04545 and resistance at 1.05260. Short-term consolidation at the 1.04210 level may occur. If bullish momentum continues, the resistance at 1.05260 may be tested again. If weakness persists, 1.03600 could become a potential support level.

Thu, 23 Jan 2025 09:19:13 GMT

USD/JPY technical analysis

USD/JPY has recently tested the 155.000 price level, marking a significant point of interest in the short term. Given the current market conditions, there is potential for a bullish reversal as the pair may find support around this level. Posssible reversal towards 0% retracement level of 158.500 may be anticipated. If no bullish momentum materializes, it's plausible that USD/JPY could

Tue, 21 Jan 2025 16:19:30 GMT

EUR/USD Technical analysis

EUR/USD has seen a recovery towards levels of 1.0400 while breaching price levels 1.03560 and creating a support level. in that zone Further momentum to the upside could bring the FX currency pair closer to 1.04210. The FX pair is trading above the simple moving averages, which could indicate a shift in momentum from bearishness to bullishness in the

Wed, 15 Jan 2025 14:39:43 GMT

EUR/USD moves above 1.03000

EUR/USD has seen a recovery towards levels of 1.03500 while breaching price levels of 1.02730 and 1.02370. Further momentum to the upside could bring the FX currency pair closer to 1.04000. The FX pair is trading above the simple moving averages, which could indicate a shift in momentum from bearishness to bullishness in the near term.

Fri, 10 Jan 2025 09:51:53 GMT

GBP/USD closer to 1.23000

The continued strength of the USD has brought GBP/USD closer to the 1.23000 level. Simple moving averages suggest that a short-term recovery may occur. A bullish reversal towards 1.24500 could serve as a strong resistance level. If no significant bullish movement occurs, a move towards 1.2200 could be imminent.

Wed, 08 Jan 2025 09:54:25 GMT

EUR/USD moves towards 1.02500

EUR/USD currency pair is trading above 1.0310, while having some downside pressure at current price levels. If downward pressure continues, continuation towards 1.0249 support. If support is broken move to the 1.0010 might be possible. A bullish reversal towards 1.0473 which is 61.80% Fibonacci resistance could occur if momentum changes, further resistance of 1.06100 should be considered as a

Fri, 03 Jan 2025 10:03:14 GMT

GBP/USD drops below 1.25000

GBP/USD currency pair has dropped to its lowest in over eight months, below 1.2500 against the US Dollar, as the USD gained strength due to expectations of growth from President-elect Trump's policies. These policies are expected to slow Federal Reserve rate cuts, supporting the USD. The Fed also predicts fewer rate cuts this year, with Federal Fund rates possibly reaching

Fri, 27 Dec 2024 14:59:45 GMT

USD/JPY Tests 158.000

The price level of 158.000 for USD/JPY has been reached and will be tested. If a successful breakout occurs, the upside momentum could possibly push the currency rate higher towards 160.000. However, if the price level of 158.000 is rejected in the near term, a move to the downside towards the price range of 156.800-156.055 is likely. If no

Fri, 27 Dec 2024 13:50:06 GMT

GBP/USD Tests 1.25000 level

The holiday trading week allows global trader sentiment to determine the trading bias of a currency pair. GBP/USD is currently testing the 1.25000 price level. The price level of 1.26055 should be tested if the forward momentum in the price action suggests that a move to the upside is possible. In that case, the further price level of 1.27000 could

Thu, 19 Dec 2024 14:13:29 GMT

GBP/USD decline reaches 1.26000

The Federal Reserve's decision on December 18th has had a significant impact on the GBP/USD currency pair. The substantial increase in USD strength has brought the GBP/USD pair towards the 1.26000 price level. If the price momentum to the downside continues, the 1.24800 support level could be tested. The December 20th data release for month-on-month retail sales in the UK

Tue, 17 Dec 2024 12:15:24 GMT

ZAR/JPY Technical analysis

The ZAR/JPY currency pair reached resistance at the 8.6360 level, and the breakout was denied, increasing the probability of further price discovery towards the 8.4900 level. If support at the 8.35 level is broken, momentum could increase the likelihood of further selling pressure. The 10-hour RSI suggests the currency pair has been overbought.

Wed, 11 Dec 2024 11:15:03 GMT

EUR/USD Technical analysis

The EUR/USD trading pair is currently above the 1.04500 price level and within a possible descending channel. The currency pair has experienced a gradual decline from the 1.06300 level to 1.04900 in the short term. The 24-hour RSI indicator suggests that the currency pair is currently oversold. The 1.05350 price level is the next resistance to consider. While the

Wed, 11 Dec 2024 09:21:26 GMT

USD/JPY Technical Analysis

USD/JPY currently is trading above 150.000 above, testing 152.1800 resistance level, if breakout follows, next price level resistances are 153.5500, 154.7550. If USD/JPY successfully breaks above 152.1800, the bullish momentum could drive the price towards 153.5500 and 154.7550. Traders will be watching closely for confirmation of a breakout or any signs of reversal at these key resistance levels. In

Thu, 05 Dec 2024 13:50:40 GMT

GBP/USD Technical analysis

Currently, GBP/USD is trading around the 1.25000 price level. The currency pair has been trading within a descending channel since October. If a breakout of the descending channel occurs, the inflection point could be considered for the currency pair, possibly testing the 1.28800 price level. Rejection of the 1.27000 price level would continue the downtrend within the descending channel

Tue, 26 Nov 2024 11:15:03 GMT

Natural gas prices reach 56 week high

Natural Gas price has seen significant increase in price. In the last two weeks Nat gas prices rose by more than 30%. Upcoming winter season could bring higher demand in the energy market, if weather conditions in the northern hemisphere bring colder temperatures during this season. The 200-hour, 100-hour, and 50-hour simple moving averages on the 4-hour time frame suggest

Mon, 18 Nov 2024 20:52:48 GMT

Gold breaks a pattern

It has been spotted that the metal's price has declined, since the US elections, in a channel down pattern. However, the price has found support in the 2,540.00 level to start a recovery that was strong enough to break the pattern and the 2,600.00 mark. In general, the metal was already oversold, which contributed to the start of the

Mon, 18 Nov 2024 18:38:40 GMT

USD/JPY surge reveals new resistance

The post-US election surge encountered resistance near the 156.50 level. It appears that this level, namely the 156.50/156.75 range, is capable of impacting the pair. However, the follow-up decline has found support in the 153.60/153.90 range. By mid-Monday's trading, the currency pair had started a recovery that faced resistance in the 50 and 100-hour simple moving averages near 155.25.

Mon, 18 Nov 2024 18:00:39 GMT

GBP/USD decline reaches below 1.2700

The decline of the Pound against the US Dollar has continued. However, on Friday, the rate appeared to have found support in the 1.2600 mark, namely the 1.2600/1.2620 range. This ongoing recovery of the GBP/USD is set to face the 1.2700 mark and the 100-hour simple moving average. If these levels fail, the weekly simple pivot point will act as resistance

Mon, 18 Nov 2024 17:47:09 GMT

EUR/USD finds support in 1.0500

The decline of the EUR/USD continued, as the Dollar strengthened throughout the week. Eventually, the 1.0500 mark was reached that acted as support. However, the support was not enough to create a broader recovery, as the 1.0600 mark started to act as resistance. In the meantime, the 50 and 100-hour simple moving averages revealed that they are capable

Mon, 11 Nov 2024 20:08:29 GMT

Gold decline approaches 2,600.00

Gold declined after the US elections. By mid-Monday, the decline had almost reached the 2,600.00 mark, as a recovery started. However, the recovery was facing the resistance of the 2,620.00 mark. In the near term future, the metal is expected to extend the decline and look for support in the 2,590.00/2,600.00 range. If this range fails, the commodity price might

Mon, 11 Nov 2024 19:00:09 GMT

USD/JPY surge fails before 155.00

In the aftermath of the US elections, the US Dollar surged and the USD/JPY rate reached above 154.50. However, the pair did not test the 155.00 mark, as a retracement started. Eventually, the retracement ended near 152.20. This week, the rate appeared to be heading back higher, as on Monday the 154.00 level's resistance was tested. A surge of

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