Technical Analysis

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Tue, 19 Oct 2021 08:39:40 GMT

EUR/USD breaks resistance levels

The 200-hour simple moving average's support held, and the EUR/USD began a surge. The surge managed to break the resistance of the high level zone near 1.1620 and the weekly R1 simple pivot point at 1.1644. During the early hours of Tuesday's trading, the rate had reached the 1.1660 level. A potential continuation of the surge would most likely face

Tue, 19 Oct 2021 05:54:51 GMT

USD/CAD decline likely to continue

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Tue, 19 Oct 2021 05:04:58 GMT

GBP/JPY could still edge higher

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Tue, 19 Oct 2021 04:54:42 GMT

AUD/USD breakout could occur

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Tue, 19 Oct 2021 04:36:40 GMT

EUR/JPY potential target at 134.00

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Mon, 18 Oct 2021 08:25:49 GMT

Gold passes support levels

On Monday morning, the slowed down decline of the yellow metal's price reached below the support of the 200-hour simple moving average. The SMA had kept the pair up together with the 1,765.00 mark since early Friday's trading hours. If the metal's price declines, it could reach the support of the October low level zone of 1,745.00/1,751.00. However, a recovery

Mon, 18 Oct 2021 08:13:58 GMT

USD/JPY trades between round levels

Since the middle of Friday's GMT trading hours, the USD/JPY has fluctuated between the 114.00 and 114.50 levels. On Monday morning, the pair was being approached by the 55-hour simple moving average. If the 55-hour SMA provides the USD/JPY with support, a surge could begin. A surge might aim at the resistance of the 115.00 level before reaching the weekly R1

Mon, 18 Oct 2021 08:00:18 GMT

GBP/USD tests pattern's support

The GBP/USD rate retreated on Monday morning to the support of the lower trend line of a channel up pattern, which has guided the pair since October 12. Future forecasts were based upon whether or not the support holds. In the case of a passing of the support of the channel up pattern, the GBP/USD might find support in the 55-hour

Mon, 18 Oct 2021 07:20:03 GMT

EUR/USD looks for support

On Monday morning, the EUR/USD appeared to be looking for support, as it found short term support in the weekly simple pivot point at 1.1584 and the 200-hour simple moving average at 1.1571. Near term forecasts were based upon whether or not the support levels hold. In the case of a decline, the pair could reach first for the weekly

Mon, 18 Oct 2021 05:26:10 GMT

USD/CAD could target 1.2440

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Mon, 18 Oct 2021 05:06:54 GMT

GBP/JPY tests 157.40 level

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Mon, 18 Oct 2021 04:40:29 GMT

AUD/USD breached 50– hour SMA

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Mon, 18 Oct 2021 04:17:37 GMT

EUR/JPY bulls could prevail

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Fri, 15 Oct 2021 04:39:06 GMT

USD/CAD potential target at 1.2300

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Fri, 15 Oct 2021 04:27:18 GMT

GBP/JPY breakout could occur

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Fri, 15 Oct 2021 04:13:02 GMT

AUD/USD two scenarios likely

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Fri, 15 Oct 2021 04:00:58 GMT

EUR/JPY likely to maintain channel

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Thu, 14 Oct 2021 05:41:26 GMT

USD/CAD decline likely to continue

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Thu, 14 Oct 2021 04:54:56 GMT

GBP/JPY bulls could prevail

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Thu, 14 Oct 2021 04:30:42 GMT

AUD/USD remains below 0.7400

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Thu, 14 Oct 2021 04:16:46 GMT

EUR/JPY breached 131.50 level

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Wed, 13 Oct 2021 05:17:41 GMT

USD/CAD bears likely to prevail

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Wed, 13 Oct 2021 04:57:51 GMT

GBP/JPY could edge higher

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Wed, 13 Oct 2021 04:33:42 GMT

AUD/USD likely to edge lower

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