Technical Analysis

Fri, 24 Jul 2020 09:14:49 GMT

USD/CAD could edge higher

The US Dollar declined by 73 points or 0.55% against the Canadian Dollar during the first half of yesterday's trading session. However, the currency pair regained some of the position at the day.

Fri, 24 Jul 2020 08:17:25 GMT

AUD/USD decline likely to continue

The Australian Dollar has declined by 78 points or 1.09% against the US Dollar since yesterday's trading session. The currency pair breached a support cluster at the 0.7094 level on Friday morning.

Fri, 24 Jul 2020 07:21:08 GMT

EUR/JPY two scenarios likely

The common European currency has declined by 81 points or 0.65% against the Japanese Yen since Thursday's trading session. The currency pair tested the 100– hour simple moving average at 123.35 on Friday morning.

Thu, 23 Jul 2020 08:59:00 GMT

XAU/USD exceeded 1,880.00

Yesterday, the XAU/USD exchange rate raised to the 1,870.00 level. During Thursday morning, the rate exceeded 1,880.00.

Thu, 23 Jul 2020 08:50:53 GMT

USD/JPY consolidates near 107.20

On Wednesday, the USD/JPY currency pair raised to the 107.20 level. During today's morning, the pair was consolidating near the given level.

Thu, 23 Jul 2020 08:34:38 GMT

GBP/USD revealed ascending channel

Yesterday, the GBP/USD exchange rate revealed a medium-term ascending channel. During today's morning, the rate was testing the 55-hour SMA near 1.2720.

Thu, 23 Jul 2020 08:26:12 GMT

EUR/USD trades near 1.1600

On Wednesday, the EUR/USD currency pair raised to the 1.1600 level. During today's morning, the pair was trading near the given level.

Thu, 23 Jul 2020 08:21:04 GMT

NZD/USD remains near 0.6688

The New Zealand Dollar surged by 48 pips or 0.72% against the US Dollar on Wednesday. The currency pair tested the weekly R3 at 0.6688 during yesterday's trading session.

Thu, 23 Jul 2020 07:27:47 GMT

USD/CAD triangle pattern

The US Dollar declined by 67 pips or 0.50% against the Canadian Dollar on Wednesday. The currency pair breached the lower boundary of a descending triangle pattern on Thursday morning.

Thu, 23 Jul 2020 06:54:25 GMT

AUD/USD two scenarios likely

The Australian Dollar edged higher by 59 pips or 0.82% against the US Dollar on Wednesday. The currency pair tested the upper boundary of an ascending channel pattern during yesterday's trading session.

Thu, 23 Jul 2020 06:12:39 GMT

EUR/JPY breaks monthly resistance line

The single European currency surged by 116 pips or 0.94% against the Japanese Yen on Wednesday. The currency pair breached the monthly resistance level at 124.00 during Wednesday's trading session.

Wed, 22 Jul 2020 09:56:35 GMT

XAU/USD raised above 1,850.00

Yesterday, the XAU/USD exchange rate raised to the 1,845.00 level. During Wednesday morning, the rate tested the monthly R2 at 1,861.52.

Wed, 22 Jul 2020 09:48:58 GMT

USD/JPY pressured by moving averages

On Tuesday, the USD/JPY currency pair broke the lower line of the short-term ascending channel. During today's morning, the pair resumed to trade within the given pattern.

Wed, 22 Jul 2020 09:36:09 GMT

GBP/USD tests Fibo 61.80%

Yesterday, the GBP/USD exchange rate reversed south from the weekly R2 at 1.2758. During Wednesday morning, the rate was testing the support provided by the Fibo 61.80% at 1.2646.

Wed, 22 Jul 2020 09:12:20 GMT

EUR/USD tested weekly R2

On Tuesday, the EUR/USD currency pair skyrocketed to the weekly R2 at 1.1545. During today's morning, the pair reversed south.

Wed, 22 Jul 2020 09:08:35 GMT

NZD/USD could make brief retracement

The New Zealand Dollar has surged by 114 basis points or 1.73% against the US Dollar since Tuesday's trading session. The currency pair breached the monthly resistance level at 0.6630 on Tuesday.

Wed, 22 Jul 2020 08:44:38 GMT

USD/CAD selling signals

Downside risks have been dominating the US Dollar lower against the Canadian Dollar since Tuesday's trading session. The currency pair has plummeted by 102 basis points or 0.76% since yesterday.

Wed, 22 Jul 2020 08:21:23 GMT

AUD/USD bullish run likely to continue

Upside risks have been dominating the Australian Dollar against the US Dollar since yesterday's trading session. The currency pair skyrocketed by more than 130 basis points or 1.89% on Tuesday.

Wed, 22 Jul 2020 07:00:54 GMT

EUR/JPY buying signals

The common European currency surged by 77 basis points or 0.63% against the Japanese Yen on Tuesday. The currency pair breached the weekly R1 at 122.98 during yesterday's trading session.

Tue, 21 Jul 2020 09:56:16 GMT

XAU/USD exceeded monthly R1

Yesterday, the XAU/USD exchange rate raised to the 1,820.00 level. During Tuesday morning, the rate surpassed the monthly R1 at 1,821.43.

Tue, 21 Jul 2020 09:44:06 GMT

USD/JPY supported by moving averages

On Monday, the USD/JPY currency pair continued to trade within the short-term ascending channel. During today's morning, the pair was trading in the 107.30 area.

Tue, 21 Jul 2020 09:36:20 GMT

GBP/USD jumped to 1.2700

Yesterday, the GBP/USD exchange rate broke the short-term descending channel. During Tuesday morning, the rate raised to 1.2700.

Tue, 21 Jul 2020 09:26:45 GMT

EUR/USD trades below Fibo 50.00%

On Monday, the EUR/USD currency pair traded sideways around the 1.1440 level. During today's morning, the pair continued to consolidate.

Tue, 21 Jul 2020 08:34:49 GMT

NZD/USD bounces off support

The New Zealand Dollar has surged by 45 points or 0.69% against the US Dollar on since Monday's trading session. The currency pair bounced off the 50-, 100– and 200– hour SMAs at 0.6558 on Tuesday morning.

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