Technical Analysis

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Fri, 23 May 2014 07:15:32 GMT

USD/CHF preserves strong upward momentum

USD/CHF continues to advance and looks ready to jump over the 200-day SMA, as suggested by the daily technical indicators

Fri, 23 May 2014 07:15:27 GMT

USD/JPY charges at 200-day SMA

At the moment USD/JPY is forcing its way through the resistance at 101.80/73, specifically the 200-day SMA.

Fri, 23 May 2014 06:53:14 GMT

GBP/USD takes hit from weekly R1

Though GBP/USD failed to climb over the weekly R1 yesterday, there are still good chances that the 2009 highs will be soon re-tested.

Fri, 23 May 2014 06:53:04 GMT

EUR/USD is poised for more losses

The currency pair is moving further away from the resistances.

Thu, 22 May 2014 14:45:28 GMT

NZD/USD is supported by weekly S2

The pair is trying to climb towards the weekly S1 at 0.8599 for the second straight day after its significant drop on Tuesday.

Thu, 22 May 2014 14:45:22 GMT

USD/CAD is little changed above 1.09

The pair is still trading just above the major level and weekly R1 at 1.0900/10, so far this level has supported the greenback well.

Thu, 22 May 2014 14:45:14 GMT

AUD/USD struggling to reverse its decline

The Aussie is trying to recover from Tuesday's decline; however, so far unsuccessfully, it is trading around the weekly S3 at 0.9243.

Thu, 22 May 2014 14:45:07 GMT

EUR/JPY tests major level at 139

Today the pair tested the major level at 139; however, it failed to consolidate above this level. Nonetheless, we expect the 18-nation currency to attack this level once again.

Thu, 22 May 2014 06:58:18 GMT

USD/CHF challenges long-term SMA

Although at first it seemed that USD/CHF is going to leave the monthly R1 intact, the U.S. Dollar strengthened beyond 0.8912, bringing the rate up to an even tougher resistance at 0.8948.

Thu, 22 May 2014 06:58:12 GMT

USD/JPY tries 200-day SMA

Although there was a large downside spike yesterday, the bulls managed to regain control of the market and pushed USD/JPY towards 101.82/73.

Thu, 22 May 2014 06:48:37 GMT

GBP/USD targets 1.70

The Pound preserves the upward momentum and it seems to be well-positioned to launch an attack on the 2009 highs once the weekly R1 is out of the way.

Thu, 22 May 2014 06:48:31 GMT

EUR/USD falls through 200-day SMA

EUR/USD has finally exited the narrow trading range by closing beneath the 200-day SMA.

Wed, 21 May 2014 14:22:27 GMT

NZD/USD fails to rebound

Yesterday we saw the Kiwi falling rather significantly as it reached the weekly S2 at 0.8560; although, today the pair unsuccessfully tried to reverse some of the lost value.

Wed, 21 May 2014 14:22:19 GMT

USD/CAD trades around 1.0900

After yesterday, when the greenback breached the major level at 1.09, the pair is trading just above this level. It seems that the pair is starting to form bullish trend; however, we might see some small drops.

Wed, 21 May 2014 14:15:16 GMT

AUD/USD is little changed after its drop

The pair has not fluctuated much after yesterday's 100 pip drop, right now it is trading below the weekly S3 at 0.9243.

Wed, 21 May 2014 14:15:05 GMT

EUR/JPY extends its decline

Currently the weak Euro has prolonged its depreciation against the well-performing Japanese Yen by falling below the weekly S1 and monthly S2 at 138.30/38.

Wed, 21 May 2014 07:22:04 GMT

USD/CHF ready to part ways with monthly R1

USD/CHF appears to slowly drift away from the resistances in the face of the monthly R1 and 200-day SMA after two prominent but unsuccessful attempts to overcome them.

Wed, 21 May 2014 07:11:03 GMT

USD/JPY gravitates towards 101.19/00

The demand zone at 101.19/00, consisting of the 50% Fibo and monthly S1, was supposed to give the bulls strength to commence a rally, but seems to be already exhausted as a result of numerous tests during the last three months.

Wed, 21 May 2014 06:40:09 GMT

GBP/USD extends recovery from up-trend support

As it turned out, GBP/USD did not have to undergo a deep bearish correction in order to climb over the weekly PP. Now the currency pair is free to move even higher.

Wed, 21 May 2014 06:40:00 GMT

EUR/USD sandwiched between monthly S1 and 200-day SMA

The currency pair remains completely motionless, even though the daily and especially monthly technical indicators imply elevated volatility in the exchange rate.

Tue, 20 May 2014 14:23:20 GMT

NZD/USD declines towards weekly S2

For the first time in May the pair fell below the major level at 0.86 and slid even further almost reaching the weekly S2 at 0.8560.

Tue, 20 May 2014 14:23:13 GMT

USD/CAD appreciates slightly

The greenback gained slightly and it is likely to approach the major level at 1.09.

Tue, 20 May 2014 14:22:34 GMT

AUD/USD drops below 0.93

The Aussie traded around 0.9360 for 8 trading days, when yesterday it started to slide and today it has dropped below the 55-day SMA and weekly S2 at 0.9286/85.

Tue, 20 May 2014 14:22:28 GMT

EUR/JPY fluctuates around 139

The pair continues to trade around the major level at 139; however, it almost touched even the 138.50 today.

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