Technical Analysis

Thu, 20 Aug 2020 09:53:14 GMT

GBP/USD could consolidate

Yesterday, the GBP/USD exchange rate tumbled to the 200-hour SMA near 1.3100. During Thursday morning, the rate was trading near the given SMA.

Thu, 20 Aug 2020 09:40:56 GMT

EUR/USD tests 200-hour SMA

On Wednesday, the EUR/USD currency pair dropped to the 1.1840 level. During today's morning, the pair was testing the 200-hour SMA near 1.1830.

Thu, 20 Aug 2020 08:31:52 GMT

NZD/USD decline likely to continue

The New Zealand Dollar plummeted by 94 basis points or 1.42% against the US Dollar on Wednesday. The currency pair breached all three SMAs during Wednesday's trading session.

Thu, 20 Aug 2020 08:12:01 GMT

USD/CAD could edge higher

The US Dollar surged by 79 basis points or 0.60% against the Canadian Dollar on Wednesday. The currency pair breached the 50– and 100– hour SMAs during yesterday's trading session.

Thu, 20 Aug 2020 07:41:12 GMT

AUD/USD tests channel pattern

The Australian Dollar plunged by 96 basis points or 1.31% against the US Dollar on Wednesday. The decline was stopped by the 200– hour simple moving average during yesterday's trading session.

Thu, 20 Aug 2020 07:06:08 GMT

EUR/JPY breaks channel

The Eurozone single currency declined by 53 basis points or 0.42% against the Japanese Yen on Wednesday. The currency pair breached the lower boundary of an ascending channel pattern.

Wed, 19 Aug 2020 10:12:52 GMT

XAU/USD consolidates in 2,000.00 area

Yesterday, the XAU/USD exchange rate consolidated in the 2,000.00 area. During Wednesday morning, the rate was testing the support provided by the 55– and 200-hour SMAs near 1,980.00.

Wed, 19 Aug 2020 10:06:07 GMT

USD/JPY pressured by 55-hour SMA

On Tuesday, the USD/JPY currency pair declined to the support provided by the weekly S2 and the Fibo 23.60% circa 105.00. During today's morning, the pair reversed north.

Wed, 19 Aug 2020 09:59:42 GMT

GBP/USD broke medium-term channel

Yesterday, the GBP/USD exchange rate broke the medium-term ascending channel north. During Wednesday morning, the rate consolidated in the 1.3250 area.

Wed, 19 Aug 2020 09:50:55 GMT

EUR/USD consolidates near weekly R2

On Tuesday, the EUR/USD currency pair pierced the upper line of the rising wedge pattern and reached the weekly R2 at 1.1959. During today's morning, the pair was consolidating near the given level.

Wed, 19 Aug 2020 08:28:46 GMT

NZD/USD target at 0.6666

The New Zealand Dollar surged by 80 points or 1.22% against the US Dollar on Tuesday. The currency pair breached the upper boundary of a junior ascending channel pattern on Wednesday morning.

Wed, 19 Aug 2020 07:52:26 GMT

USD/CAD breakout could occur

The US Dollar declined by 70 points or 0.53% against the Canadian Dollar on Tuesday. The currency pair was pressured lower by the 50– and 100– hour SMAs during yesterday's trading session.

Wed, 19 Aug 2020 07:18:16 GMT

AUD/USD likely to maintain narrow channel

The Australian Dollar is currently trading in a narrow ascending channel pattern against the US Dollar. The currency pair breached the weekly R2 at 0.7236 during Tuesday's trading session.

Wed, 19 Aug 2020 06:58:23 GMT

EUR/JPY two scenarios likely

The common European currency surged by 55 points or 0.44% against the Japanese Yen on Tuesday. The currency pair tested the 100– hour simple moving average at 126.00 during yesterday's trading session.

Tue, 18 Aug 2020 09:42:16 GMT

XAU/USD exceeded 2,000.00

Yesterday, the XAU/USD exchange rate raised to the 200-hour SMA near 1,990.00. During Tuesday morning, the rate exceeded the given moving average.

Tue, 18 Aug 2020 09:25:39 GMT

USD/JPY trades at 105.60

On Monday, the USD/JPY currency pair depreciated significantly. During today's morning, the pair was trading at 105.60.

Tue, 18 Aug 2020 09:15:57 GMT

GBP/USD could re-test medium-term trend

Yesterday, the GBP/USD exchange rate raised to the 1.3140 level. During Tuesday morning, the rate exceeded the weekly R1 at 1.3152.

Tue, 18 Aug 2020 09:08:01 GMT

EUR/USD could continue to appreciate

On Monday, the EUR/USD currency pair traded upwards within the rising wedge pattern. During today's morning, the pair pierced the weekly R1 at 1.1901.

Tue, 18 Aug 2020 07:58:09 GMT

NZD/USD could still edge higher

The New Zealand Dollar surged by 52 pips or 0.79% against the US Dollar on Monday. The currency pair breached the 50– and 100– hour SMAs during yesterday's trading session.

Tue, 18 Aug 2020 07:32:25 GMT

USD/CAD tests weekly S1

The US Dollar has declined by 89 pips or 0.67% against the Canadian Dollar since Monday's trading session. The currency pair was pressured lower by the 100– hour simple moving average.

Tue, 18 Aug 2020 07:14:30 GMT

AUD/USD breakout occurs

The Australian Dollar surged by 53 pips or 0.72% against the US Dollar on Monday. A breakout occurred through the upper boundary of a descending channel pattern during yesterday's trading session.

Tue, 18 Aug 2020 06:33:55 GMT

EUR/JPY tests 200– hour SMA

The single Eurozone currency declined by 62 pips or 0.49% against the Japanese Yen on Monday. The currency pair tested the 200– hour simple moving average at 125.47 on Tuesday morning.

Mon, 17 Aug 2020 09:20:22 GMT

XAU/USD consolidates at 1,950.00 area

Since Friday, the XAU/USD exchange rate has been trading sideways in the 1,950.00 area.

Mon, 17 Aug 2020 09:12:13 GMT

USD/JPY pressured by 55– and 100-hour SMAs

On Friday, the USD/JPY currency pair traded downwards. During today's morning, the pair was testing the weekly PP at 106.47.

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