Technical Analysis

Mon, 01 Jul 2019 09:27:27 GMT

EUR/JPY testing 50-hour SMA

During the previous trading session, the Eurozone single currency rose by 0.85% in value against the Japanese Yen. The currency pair breached the weekly R1 at 123.20.

Mon, 01 Jul 2019 09:19:11 GMT

XAU/USD might reverse north

During Friday, the price for gold tumbled to the support level formed by the monthly PP at the 1,385.30 mark.

Mon, 01 Jul 2019 09:17:27 GMT

USD/JPY tests combined resistance

At the end of previous week, the JPY/USD currency pair skyrocketed to the resistance level formed by the weekly PP and the Fibonacci 38.20% retracement at 108.44. During today's morning, the pair was testing the given resistance.

Mon, 01 Jul 2019 09:14:58 GMT

GBP/USD likely to trade down

During the previous trading session, the GBP/USD exchange rate reversed south from the upper boundary of the short-term descending channel at 1.2730. During Monday's morning, the rate was testing the support formed by the weekly PP at 1.2648.

Mon, 01 Jul 2019 09:13:19 GMT

EUR/USD revealed short-term descending channel

On Friday, the EUR/USD currency pair dropped to the weekly S1 at the 1.1343 mark. During today's morning, the pair was testing the lower boundary of the short-term descending channel at 1.1320.

Fri, 28 Jun 2019 09:34:59 GMT

NZD/USD breaches weekly R2

The New Zealand Dollar traded with lower volatility against the US Dollar on Thursday. The currency pair, however, breached both the weekly and the monthly pivot points during yesterday's trading session.

Fri, 28 Jun 2019 09:32:35 GMT

USD/CAD falling wedge pattern

The US Dollar was trading in a falling wedge pattern against the Canadian Dollar on Thursday. The currency pair breached the lower boundary of the pattern at 1.3087 during the Asian session on Friday.

Fri, 28 Jun 2019 09:29:52 GMT

AUD/USD targets at 0.7036

During the past 24 hours, the Australian Dollar has moved just 32 pips against the US Dollar. The currency pair breached the weekly R2 at 0.7006 during the morning hours of Friday's trading session.

Fri, 28 Jun 2019 09:27:30 GMT

EUR/JPY bounces off support

The single European currency depreciated about 47 base points against the Japanese Yen on Thursday. The currency pair tested the lower boundary of an ascending channel pattern at 122.29 during the Asian session on Friday.

Fri, 28 Jun 2019 08:48:44 GMT

XAU/USD might reverse north

Yesterday, the price for gold tested the psychological level at 1,425.00. During Friday's morning, the XAU/USD exchange rate was testing the support level formed by the 55– and 100-hour SMAs, located circa 1,410.00.

Fri, 28 Jun 2019 08:47:25 GMT

USD/JPY could continue to decline

On Thursday, the USD/JPY currency pair declined to the support level formed by the 55– and 200-hour SMAs, as well the weekly PP at 107.70. During today's morning, the pair was testing the given support.

Fri, 28 Jun 2019 08:46:00 GMT

GBP/USD squeezed by moving averages

Yesterday, the GBP/USD exchange rate traded sideways, trying to surpass the support level formed by the weekly PP and the 200-hour SMA at 1.2669.

Fri, 28 Jun 2019 08:44:44 GMT

EUR/USD supported by 55– and 100-hour SMAs

During the previous trading session, the EUR/USD currency pair continue to trade sideways around the psychological level at 1.1370.

Thu, 27 Jun 2019 09:55:31 GMT

XAU/USD likely to trade down

Yesterday, the XAU/USD exchange rate traded sideways around the psychological level at 1,410.00.

Thu, 27 Jun 2019 09:53:33 GMT

USD/JPY: two scenarios likely

During Wednesday, the USD/JPY currency pair increased to the 107.80 level. During today's morning, the pair exceeded the psychological level at 108.00.

Thu, 27 Jun 2019 09:52:12 GMT

GBP/USD could trade sideways

During the previous trading session, the GBP/USD exchange rate traded sideways between the 1.2700 level and the weekly PP at 1.2669.

Thu, 27 Jun 2019 09:50:29 GMT

EUR/USD tests 55– and 100-hour SMAs

On Wednesday, the EUR/USD currency pair traded sideways around the psychological level at the 1.1370 mark. During today's morning, the pair was trying to surpass the 55– and 100-hour SMAs, currently located circa 1.1370.

Thu, 27 Jun 2019 09:09:25 GMT

NZD/USD targets at 0.6720

The New Zealand Dollar appreciated about 61 base points against the US Dollar on Wednesday. The currency pair was guided by the 50-hour simple moving average during Wednesday's trading session.

Thu, 27 Jun 2019 09:05:29 GMT

USD/CAD might edge higher today

The US Dollar depreciated about 86 base points against the Canadian Dollar on Wednesday. The currency pair tested the bottom border of a medium-term descending channel pattern at 1.3106 during yesterday's trading session. 

Thu, 27 Jun 2019 09:01:27 GMT

AUD/USD likely to maintain channel

The Australian Dollar has continued to maintain a medium-term ascending channel pattern against the US Dollar. The exchange rate gained about 42 base points during Wednesday's trading session.

Thu, 27 Jun 2019 08:55:28 GMT

EUR/JPY tests weekly R2 at 122.88

The Eurozone single currency bounced off the 50% Fibonacci retracement level at 121.70 on Wednesday. As a result, the currency pair appreciated about 85 base points during yesterday's trading session.

Wed, 26 Jun 2019 09:12:00 GMT

XAU/USD squeezed by 55– and 100-hour SMAs

On Tuesday, the XAU/USD exchange rate reversed south from the upper boundary of the long-term ascending channel at the 1,433.82 mark. During today's morning, the rate was testing the support level formed by the 100-hour SMA at 1,405.76.

Wed, 26 Jun 2019 09:10:28 GMT

USD/JPY could trade downside

During the previous trading session, the USD/JPY currency pair reached the upper boundary of the short-term descending channel at 107.45. During Wednesday's trading session, the pair was testing the given line.

Wed, 26 Jun 2019 09:09:12 GMT

GBP/USD tests weekly PP

On Tuesday, the GBP/USD exchange rate tumbled to the support level formed by the weekly PP at 1.2669.

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