Technical Analysis

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EUR/JPY decline likely to continue
Thu, 14 Jan 2021 06:21:15 GMT
 
The common European currency declined by 48 pips or 0.38% against the Japanese Yen on Wednesday. The currency pair breached the weekly support level at 126.22 during yesterday's trading session. >>
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XAU/USD tests Fibo 23.60%
Wed, 13 Jan 2021 10:49:38 GMT
 
Since Tuesday, the XAU/USD exchange rate has been testing the resistance level—the Fibo 23.60% at 1,860.59. >>
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USD/JPY could trade sideways
Wed, 13 Jan 2021 10:42:17 GMT
 
During today's morning, the USD/JPY currency pair reversed north from the support level—the weekly PP at 103.56. >>
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GBP/USD reached 1.3700
Wed, 13 Jan 2021 10:28:46 GMT
 
Yesterday, the GBP/USD exchange rate breached the short-term descending channel north and skyrocketed to 1.3700. >>
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EUR/USD trades below 1.2200
Wed, 13 Jan 2021 10:21:37 GMT
 
During Wednesday morning hours, the EUR/USD currency pair bounced off the resistance provided by the 100-hour SMA near 1.2210. >>
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NZD/USD tests 0.7240 area
Wed, 13 Jan 2021 09:58:36 GMT
 
The New Zealand Dollar surged by 84 points or 1.18% against the US Dollar on Tuesday. The currency pair tested the upper boundary of a descending channel pattern at 0.7240 >>
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USD/CAD breakout could occur
Wed, 13 Jan 2021 08:22:57 GMT
 
The US Dollar declined by 84 points or 0.66% against the Canadian Dollar on Tuesday. The currency pair tested the lower boundary of an ascending channel pattern at 1.2703 on >>
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AUD/USD could continue to edge higher
Wed, 13 Jan 2021 07:35:45 GMT
 
The Australian Dollar edged higher by 87 points or 1.13% against the US Dollar on Tuesday. The currency pair breached the 50-, 100– and 200– hour SMAs during yesterday's trading >>
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EUR/JPY likely to maintain channel
Wed, 13 Jan 2021 07:17:33 GMT
 
The single European currency declined by 36 points or 0.30% against the Japanese Yen on Tuesday. The 200– hour simple moving average provided resistance for the currency pair during yesterday's >>
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XAU/USD trades at 1,860.00
Tue, 12 Jan 2021 10:07:38 GMT
 
Since Tuesday morning, the XAU/USD exchange rate pierced the resistance level formed by the 55-hour SMA and the Fibo 23.60% near 1,860.00. >>
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USD/JPY consolidates at 104.20
Tue, 12 Jan 2021 09:53:40 GMT
 
Since Monday, the USD/JPY currency pair has been consolidating in the 104.20 area. >>
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GBP/USD revealed descending trend
Tue, 12 Jan 2021 09:47:40 GMT
 
The GBP/USD exchange rate has revealed a short-term descending channel. >>
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EUR/USD could trade downwards
Tue, 12 Jan 2021 09:42:11 GMT
 
Since Monday afternoon, the EUR/USD currency pair has been trading sideways around the weekly S1 at 1.2161. >>
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NZD/USD bears likely to prevail
Tue, 12 Jan 2021 09:35:29 GMT
 
The New Zealand Dollar declined approximately 40 basis points or 0.54% against the US Dollar on Monday. The currency pair tested the lower boundary of a descending channel pattern during >>
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USD/CAD decline could continue
Tue, 12 Jan 2021 09:06:09 GMT
 
During the first part of Monday's trading session, the US Dollar surged by 119 basis points or 0.93% against the Canadian Dollar. However, the currency pair surrendered the earlier profits >>
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