Technical Analysis

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Thu, 11 Jun 2020 09:39:52 GMT

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

On Wednesday, the EUR/USD currency pair pierced the monthly R2 at 1.1385. During today's morning, the pair was trading near the given level.

Thu, 11 Jun 2020 07:41:36 GMT

NZD/USD decline to continue

The New Zealand Dollar has declined by 95 points or 1.45% against the US Dollar on since Wednesday's trading session. The 50– hour SMA pressured the currency pair lower on Wednesday.

Thu, 11 Jun 2020 07:35:44 GMT

USD/CAD breakout occurs

The US Dollar has surged by 158 points or 1.19% against the Canadian Dollar since Wednesday's trading session. A breakout occurred through the upper boundary of a descending channel pattern on Thursday.

Thu, 11 Jun 2020 07:08:46 GMT

AUD/USD tests 200– hour SMA

The Australian Dollar has declined by 125 pips or 1.78% against the US Dollar since Wednesday's trading session.

Thu, 11 Jun 2020 06:44:59 GMT

EUR/JPY sets for breakout

The common European currency has declined by 69 pips or 0.57% against the Japanese Yen on Wednesday. The currency pair reversed from the 50– hour simple moving average resistance level at 122.28 during yesterday's trading session.

Wed, 10 Jun 2020 10:46:03 GMT

XAU/USD remains below monthly PP

Yesterday, the XAU/USD exchange rate raised to the resistance level—the monthly PP at 1,722.34. During Wednesday morning, the rate was testing the given resistance.

Wed, 10 Jun 2020 10:39:42 GMT

USD/JPY tests monthly PP

On Tuesday, the USD/JPY currency pair traded sideways in the 107.90 area. During today's morning, the pair was testing the support level formed by the monthly PP at 107.33.

Wed, 10 Jun 2020 10:32:00 GMT

GBP/USD could trade upwards

Yesterday, the GBP/USD exchange rate re-tested the support level formed by the Fibo 61.80% and the 100-hour SMA at 1.2646. During Wednesday morning, the rate was trading in the 1.2750 area.

Wed, 10 Jun 2020 10:25:45 GMT

EUR/USD pressured by monthly R2

On Tuesday, the EUR/USD currency pair raised to the 1.1360 level. During today's morning, the pair was trading at the given mark.

Wed, 10 Jun 2020 08:19:58 GMT

NZD/USD tests 100– hour SMA

The New Zealand Dollar declined by 57 pips or 0.87% against the US Dollar on Tuesday. The decline was stopped by the 100– hour simple moving average during yesterday's trading session.

Wed, 10 Jun 2020 07:43:51 GMT

USD/CAD could edge lower today

During the first half of Tuesday's trading session, the US Dollar surged by 119 pips or 0.89% against the Canadian Dollar. However, the currency pair lost the earlier gains at the end of the US session on Tuesday.

Wed, 10 Jun 2020 06:42:57 GMT

AUD/USD target at 0.6884

The Australian Dollar declined by 110 pips or 1.56% against the US Dollar on Tuesday. The currency pair breached the 50– and 100– hour SMAs during Tuesday's trading session.

Wed, 10 Jun 2020 06:18:08 GMT

EUR/JPY two scenarios likely

The 200– hour simple moving average at 121.41 provided support for the single European currency against the Japanese Yen on Tuesday.

Tue, 09 Jun 2020 09:44:21 GMT

XAU/USD could consolidate in 1,710.00 area

Yesterday, the XAU/USD exchange rate reversed north from the monthly S1 at 1,679.34. During Tuesday morning, the rate exceeded the 1,700.00 level.

Tue, 09 Jun 2020 09:34:00 GMT

USD/JPY dropped below 108.00

On Monday, the USD/JPY currency pair dropped to the 108.40 level. During today's morning, the pair declined below the weekly S1 at 108.04.

Tue, 09 Jun 2020 09:26:23 GMT

GBP/USD could go downwards

Yesterday, the GBP/USD exchange rate failed to exceed the 1.2750 level. During Tuesday morning, the rate was testing the support formed by the 100-hour SMA and the Fibo 61.80% at 1.2646.

Tue, 09 Jun 2020 09:18:21 GMT

EUR/USD tests support level

On Monday, the EUR/USD currency pair consolidated in the 1.1300 area. During today's morning, the pair was testing the support formed by the weekly PP and the monthly R1 at 1.1250.

Tue, 09 Jun 2020 08:21:57 GMT

NZD/USD likely to slide lower

The New Zealand Dollar surged by 62 basis points or 0.95% against the US Dollar on Monday. The currency pair tested the upper boundary of an ascending channel pattern.

Tue, 09 Jun 2020 08:08:32 GMT

USD/CAD could trade bullish today

The US Dollar declined by 76 basis points or 0.56% against the Canadian Dollar on Monday. The currency pair breached the monthly support level at 1.3425 during yesterday's trading session.

Tue, 09 Jun 2020 08:06:12 GMT

AUD/USD breached 50– hour SMA

The Australian Dollar surged by 64 basis point or 0.94% against the US Dollar on Monday. The currency pair was pressured higher by the 50– hour simple moving average during yesterday's trading session.

Tue, 09 Jun 2020 06:27:24 GMT

EUR/JPY target at 121.00

The common European currency declined by 154 basis points or 1.24% against the Japanese Yen on Monday. The currency pair breached the 50– and 100– hour SMAs during yesterday's trading session.

Mon, 08 Jun 2020 10:12:17 GMT

XAU/USD could consolidate

During the previous trading session, the XAU/USD exchange rate dropped to the monthly S1 at 1,679.34. During Monday morning, the rate raised to the 55-hour SMA near 1,700.00.

Mon, 08 Jun 2020 09:55:24 GMT

USD/JPY tests monthly R2

On Friday, the USD/JPY currency pair raised to the Fibo 61.80% at 109.83. During today's morning, the pair was testing the support level—the monthly R2 at 109.43.

Mon, 08 Jun 2020 09:44:04 GMT

GBP/USD trades at 1.2700

At the end of last week, the GBP/USD exchange rate raised to the 1.2700 level. During Monday morning, the rate consolidated at the given mark.

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