Technical Analysis

Fri, 12 Jul 2019 09:57:52 GMT

EUR/USD supported by moving averages

Yesterday, the EUR/USD currency pair traded sideways between the psychological levels, located at 1.1250 and 1.1280 respectively. During Friday's morning, the pair continued to trade within the given cluster.

Fri, 12 Jul 2019 08:57:24 GMT

NZD/USD moving towards targets

The New Zealand Dollar versus the US Dollar appreciated about 45 base points during yesterday's trading session. The currency pair is gradually moving towards a resistance level at 0.6704.

Fri, 12 Jul 2019 08:55:45 GMT

USD/CAD sell signals today

The US Dollar appreciated about 50 base points against the Canadian Dollar during the first half of yesterday's trading session. However, after testing a resistance cluster at 1.3088, the exchange rate made a U-turn south. As a result, the pair lost about 0.51% in value.

Fri, 12 Jul 2019 08:54:16 GMT

AUD/USD might aim at weekly R1 at 0.7035

During the past 48 hours, the Australian Dollar has appreciated about 92 base points against the US Dollar. The 200-hour simple moving average was providing support for the pair at 0.6980 during the morning hours of Friday's trading session.

Fri, 12 Jul 2019 08:50:32 GMT

EUR/JPY testing a resistance cluster at 122.20

The common European currency appreciated about 57 base points against the Japanese Yen on Thursday. The currency pair breached both the 50-, 100– and 200-hour SMAs during yesterday's trading session.

Thu, 11 Jul 2019 11:29:40 GMT

XAU/USD might go downwards

During the previous trading session, the XAU/USD exchange rate skyrocketed to the upper boundary of the short-term ascending channel at 1,427.02. During Thursday's morning, the rate was trading near the given line.

Thu, 11 Jul 2019 11:27:37 GMT

USD/JPY could trade sideways

On Wednesday, the USD/JPY currency pair tumbled to the 108.20 level. During Thursday's reversed north from the lower boundary of the short-term ascending channel at 107.90.

Thu, 11 Jul 2019 11:26:03 GMT

GBP/USD tests 200-hour SMA

During Wednesday, the GBP/USD exchange rate jumped to the 100-hour moving average at the 1.2504 mark. During today's morning, the rate surged to the resistance formed by the 200-hour SMA at 1.2555.

Thu, 11 Jul 2019 11:24:23 GMT

EUR/USD reached 1.1280

Yesterday, the EUR/USD currency pair jumped to the upper boundary of the short-term descending channel 1.1263. During Thursday's morning, the pair breached the given channel north.

Thu, 11 Jul 2019 09:57:15 GMT

NZD/USD might aim for weekly R1

The New Zealand Dollar appreciated about 64 base points against the US Dollar on Wednesday. The currency pair breached a descending channel pattern during the morning hours of today's trading session.

Thu, 11 Jul 2019 09:54:22 GMT

USD/CAD decline likely to continue

During the past 24 hours, the US Dollar versus the Canadian Dollar has depreciated over 90 base points. The currency pair breached both the 50-, 100– and 200-hour SMAs on Wednesday.

Thu, 11 Jul 2019 09:52:27 GMT

AUD/USD nears 200-hour SMA at 0.6984

The Australian Dollar appreciated about 58 base points against the US Dollar on Wednesday. A breakout occurred through the upper boundary of a descending channel pattern during the morning hours of today's trading session.

Thu, 11 Jul 2019 09:49:21 GMT

EUR/JPY bounces off support

The Eurozone single currency depreciated about 53 base points against the Japanese Yen on Wednesday. The currency pair breached the lower boundary of an ascending channel pattern during the morning hours of today's trading sessions.

Wed, 10 Jul 2019 10:05:26 GMT

NZD/USD breaches channel pattern

The New Zealand Dollar versus the US Dollar breached the upper boundary of a descending channel pattern at 0.6603 during the morning hours of Wednesday's trading session.

Wed, 10 Jul 2019 10:03:29 GMT

USD/CAD might edge lower today

The US Dollar appreciated about 42 base points against the Canadian Dollar on Tuesday. The weekly R1 provided resistance for the currency pair during yesterday's trading session.

Wed, 10 Jul 2019 10:01:23 GMT

AUD/USD potential upside reversal

The Australian Dollar has continued to trade in a descending channel pattern against the US Dollar. The currency pair depreciated about 52 base points during yesterday's trading session.

Wed, 10 Jul 2019 09:57:57 GMT

EUR/JPY sets for breakout

The common European currency continued to maintain a junior ascending channel pattern against the Japanese Yen on Tuesday. The 50-hour simple moving average provided support for the currency pair at 121.92 during yesterday's trading session.

Wed, 10 Jul 2019 09:26:53 GMT

XAU/USD might trade sideways

Yesterday, the XAU/USD exchange rate tried to surpass the resistance formed by the 55-hour moving average at 1,396.43. During Tuesday's morning, the rate was testing the given resistance.

Wed, 10 Jul 2019 09:25:24 GMT

USD/JPY supported by 55-hour SMA

During the previous trading session, the USD/JPY currency pair tested the resistance level formed by a combination of the weekly and monthly R1s at 108.90.

Wed, 10 Jul 2019 09:23:26 GMT

GBP/USD could trade sideways

During Tuesday, the GBP/USD exchange rate tried to breach the support level formed by the Fibonacci 0.00% retracement and the weekly S1 at 1.2442. During today's morning, the rate jumped to the 1.2480 level.

Wed, 10 Jul 2019 09:21:54 GMT

EUR/USD pressured by 100-hour SMA

Yesterday, the EUR/USD currency pair traded sideways between the Fibonacci 38.20% and the monthly S1, located at 1.1200 and 1.1220 respectively. During Wednesday's morning, the pair was trading within the given cluster.

Tue, 09 Jul 2019 11:12:09 GMT

XAU/USD might reverse north

During the previous session, the XAU/USD exchange rate went downwards. During Tuesday's morning, gold was trading at the 1,390.00 level against the US Dollar.

Tue, 09 Jul 2019 11:09:53 GMT

USD/JPY tests resistance level

During Monday, the USD/JPY currency pair skyrocketed to the resistance level formed by the weekly and monthly R1 at 108.91. During today's morning, the pair was testing the given resistance.

Tue, 09 Jul 2019 11:08:23 GMT

GBP/USD renewed 2018/2019 minimum

Yesterday, the GBP/USD exchange rate traded sideways around the psychological level at 1.2600. During Tuesday's morning, the rate renewed 2018/2019 minimum at 1.2462.

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