Technical Analysis

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Thu, 08 Oct 2020 10:54:05 GMT

XAU/USD pressured by moving averages

Yesterday, the XAU/USD exchange rate reversed north from the 1,875.00 level.

Thu, 08 Oct 2020 10:45:09 GMT

USD/JPY consolidates at 106.00

Since Wednesday, the USD/JPY currency pair has been trading sideways in the 106.00 area.

Thu, 08 Oct 2020 10:35:02 GMT

GBP/USD could go upwards

Yesterday, the GBP/USD exchange rate reversed north from the lower line of the short-term ascending channel.

Thu, 08 Oct 2020 10:25:02 GMT

EUR/USD tests resistance

Since Wednesday, the EUR/USD currency pair has been testing the resistance formed by the weekly R1 and the monthly PP circa 1.1782.

Thu, 08 Oct 2020 08:38:49 GMT

NZD/USD bounces off support

The New Zealand Dollar declined by 30 pips or 0.46% against the US Dollar on October 7. The currency pair breached the weekly support level at 0.6568 on Thursday morning.

Thu, 08 Oct 2020 08:08:59 GMT

USD/CAD tests support cluster at 1.3244

The US Dollar has declined by 96 pips or 0.72% against the Canadian Dollar since yesterday's trading session. The currency pair breached a support cluster formed by the weekly S1 and the monthly pivot point at 1.3243 on Thursday morning.

Thu, 08 Oct 2020 07:33:16 GMT

AUD/USD target at 0.7292

The Australian Dollar edged higher by 40 pips or 0.57% against the US Dollar on Wednesday. The currency pair breached the 50- , 100– and 200– hour SMAs on Thursday morning.

Thu, 08 Oct 2020 05:57:21 GMT

EUR/JPY could continue to edge up

The common European currency has surged by 97 pips or 0.78% against the Japanese Yen on October 7. The currency pair was pressured higher by the 100– hour simple moving average.

Wed, 07 Oct 2020 09:50:45 GMT

XAU/USD could go downwards

On Tuesday, the XAU/USD exchange rate tumbled to the 1,875.00 level. During today's morning, the rate reversed north.

Wed, 07 Oct 2020 09:27:48 GMT

USD/JPY jumped to 106.00

Yesterday, the USD/JPY currency pair traded sideways in the 105.70 area. During Wednesday morning, the pair jumped to 106.00.

Wed, 07 Oct 2020 09:17:15 GMT

GBP/USD revealed ascending channel

The GBP/USD exchange rate has revealed a short-term ascending channel.

Wed, 07 Oct 2020 09:06:49 GMT

EUR/USD pressured by 55-hour SMA

On Tuesday, the EUR/USD currency pair reversed south from the upper line of the short-term ascending channel. During today's morning, the pair reversed north from the lower channel line.

Wed, 07 Oct 2020 08:20:46 GMT

NZD/USD could edge up

New Zealand's currency declined by 71 basis points or 1.07% against the US Dollar on Tuesday. The currency pair breached the 200– hour simple moving average during Tuesday's trading session.

Wed, 07 Oct 2020 07:49:26 GMT

USD/CAD breakout occurs

The US Dollar surged by 72 basis points or 0.54% against the Canadian Dollar on Tuesday. The currency pair tested a resistance cluster formed by the weekly pivot point and the 200– hour SMA at 1.3330 on Wednesday morning.

Wed, 07 Oct 2020 07:08:39 GMT

AUD/USD decline could continue

Australia's currency declined by 93 basis points or 1.30% against the US Dollar on Tuesday. The currency pair tested the lower boundary of an ascending channel pattern at 0.7100 during yesterday's trading session.

Wed, 07 Oct 2020 06:25:42 GMT

EUR/JPY two scenarios likely

The Eurozone single currency declined by 75 basis points or 0.61% against the Japanese Yen on Tuesday. The currency pair tested the 100– hour simple moving average at 124.01 during Tuesday's trading session.

Tue, 06 Oct 2020 09:52:26 GMT

XAU/USD revealed short-term ascending channel

The XAU/USD exchange rate has revealed a short-term ascending channel.

Tue, 06 Oct 2020 09:41:20 GMT

USD/JPY supported by moving averages

Yesterday, the USD/JPY currency pair tested the resistance level formed by the weekly R1 at 105.77.

Tue, 06 Oct 2020 09:33:29 GMT

GBP/USD could trade upwards

Since Monday, the GBP/USD exchange rate has been extending gains. The rate has already reached the 1.3000 level.

Tue, 06 Oct 2020 09:23:40 GMT

EUR/USD continues to trade within channel

On Monday, the EUR/USD currency pair raised to the upper boundary of the short-term ascending channel circa 1.1795.

Tue, 06 Oct 2020 08:55:32 GMT

NZD/USD breaks channel

The New Zealand Dollar edged higher by 24 points or 0.35% against the US Dollar on Monday. The currency pair tested the monthly pivot point at 0.6633 during yesterday's trading session.

Tue, 06 Oct 2020 08:24:14 GMT

USD/CAD two scenarios likely

The US Dollar declined by 31 points or 0.23% against the Canadian Dollar on Monday. The currency pair tested a support cluster formed by the monthly PP and the weekly S1 at 1.3243 on Tuesday morning.

Tue, 06 Oct 2020 06:46:38 GMT

AUD/USD breakout occurs

The Australian Dollar edged higher by 27 points or 0.37% against the US Dollar on Monday. The surge was stopped by the monthly pivot point at 0.7192 during yesterday's trading session.

Tue, 06 Oct 2020 06:28:54 GMT

EUR/JPY could make brief pullback

The common European currency has surged by 111 points or 0.90% against the Japanese Yen since Monday's trading session. The currency pair breached a resistance cluster at 124.40 on Monday.

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