Technical Analysis

Note: This section contains information in English only.
Wed, 24 Apr 2019 07:56:29 GMT

EUR/USD likely to decline

Yesterday, the EUR/USD currency pair declined to the support level formed by the weekly S1 at the 1.1209 mark.

Tue, 23 Apr 2019 09:36:47 GMT

XAU/USD: falling wedge pattern in sight

At the beginning of current week, the XAU/USD exchange rate traded between the 55– and 100-hour SMAs.

Tue, 23 Apr 2019 09:34:24 GMT

USD/JPY likely to trade down

Yesterday, the USD/JPY currency pair plunged to the psychological level at 111.70. However, during Tuesday's morning, the pair reversed north to the 55– and 100-hour SMAs located circa 111.90.

Tue, 23 Apr 2019 09:30:41 GMT

GBP/USD could reach 1.2960

During previous day, the GBP/USD exchange rate tested the resistance level—the 55-hour SMA, currently located at 1.2992.

Tue, 23 Apr 2019 09:29:08 GMT

EUR/USD unlikely to surpass 1.1280

On Monday, the EUR/USD currency pair tried to surpass the resistance formed by a combination of the weekly PP and the 100-hour SMA at 1.1266.

Tue, 23 Apr 2019 09:03:48 GMT

NZD/USD bears market

The New Zealand Dollar was pressured south by the 50-hour simple moving average. The currency pair tested the resistance level formed by the 50-hour SMA at 0.6682 during the Asian session on Tuesday.

Tue, 23 Apr 2019 09:01:35 GMT

USD/CAD gradually gaining strength

The US Dollar is gradually gaining strength against the Canadian Dollar. The currency pair has breached a resistance level formed by the 50-, 100– and 200-hour simple moving averages.

Tue, 23 Apr 2019 08:58:45 GMT

AUD/USD buy signals today

A one-week descending channel pattern has guided the Australian Dollar lower against the US Dollar. The currency pair breached a support level formed by the weekly S1 at 0.7127 during the first part of Tuesday's trading session.

Tue, 23 Apr 2019 08:56:44 GMT

EUR/JPY pressure by SMAs

The 200-hour simple moving average has pressured the common European currency lower against the Japanese Yen. The currency pair tested the bottom border of an ascending channel pattern at 125.60 during the Asian session on Tuesday.

Fri, 19 Apr 2019 08:25:43 GMT

Gold signals a surge

On Friday, gold broke the resistance of the 55-hour simple moving average at 1,275.50. Due to that reason a surge up to the 1,280.00 level. 

Fri, 19 Apr 2019 08:22:40 GMT

USD/JPY ignores technical levels

The USD/JPY is trading with high volatility during the last 24 hours. Moreover, the rate has begun to largely ignore short term technical levels.  

Fri, 19 Apr 2019 08:17:40 GMT

GBP/USD remains below 1.3000

GBP/USD was surging on Friday. The currency exchange rate had begun to surge on Thursday when it found support in a pivot point at 1.2978. 

Fri, 19 Apr 2019 08:14:03 GMT

EUR/USD recovers after drop

On Friday, after the large drop caused by the German PMI data on Wednesday, the EUR/USD was recovering. 

Thu, 18 Apr 2019 10:18:23 GMT

XAU/USD pressured by 55-hour SMA

Yesterday, the XAU/USD exchange rate tried to surpass the support level formed by a combination of the monthly S1 and the Fibonacci 38.20% retracement at 1,275.00.

Thu, 18 Apr 2019 10:16:07 GMT

USD/JPY: two scenarios likely

During previous trading session, the USD/JPY currency pair resumed trading sideways between the resistance level—the monthly R1 at 112.11 and the support level at 111.85.

Thu, 18 Apr 2019 10:13:48 GMT

GBP/USD could reach 1.3000

On Wednesday, the GBP/USD exchange rate tested the support level—the weekly S1 at 1.3027. During today's morning, the rate surpassed the given support.

Thu, 18 Apr 2019 10:12:00 GMT

EUR/USD likely to decline

Yesterday, the EUR/USD currency pair tried top surpass the support level formed by the 55– and 100-hour SMAs at 1.1299. During Thursday's morning, the Euro significantly depreciated against the US Dollar.

Thu, 18 Apr 2019 09:36:03 GMT

NZD/USD decline continues

The New Zealand Dollar tested a resistance cluster formed by the combination of the weekly and the monthly pivot points at 0.6724 during the first part of Thursday's trading session.

Thu, 18 Apr 2019 09:28:47 GMT

USD/CAD supported by three SMAs

The weekly support level at 1.3276 has propelled the US Dollar by 0.70% increase in value against the Canadian Dollar on Wednesday. The surge was stopped by a resistance cluster formed by the three simple moving averages at 1.3350.

Thu, 18 Apr 2019 09:26:12 GMT

AUD/USD strong bearish momentum today

During Wednesday's trading session, the 100-hour simple moving average provided support for Australian Dollar versus the US Dollar. The currency pair re-tested the moving average during the first half of today's session.

Thu, 18 Apr 2019 09:23:12 GMT

EUR/JPY tests 50– and 100-hour SMAs

As apparent on the 1(H) chart, the common European currency versus the Japanese Yen tried to surpass a resistance level at 126.69 during Wednesday's trading session.

Wed, 17 Apr 2019 09:26:56 GMT

XAU/USD likely to decline

During Tuesday's trading session, the XAU/USD exchange rate breached the descending triangle pattern south and reached the support level formed by a combination of the monthly S1 and the Fibo 38.20% at 1,274.13.

Wed, 17 Apr 2019 09:25:04 GMT

USD/JPY continues to trade sideways

Previous forecast worked—the USD/JPY currency pair continued to trade sideways around the 112.00 level.

Wed, 17 Apr 2019 09:22:46 GMT

GBP/USD could reach the weekly S1

Yesterday, the GBP/USD exchange rate slipped to the psychological level at the 1.3040 mark.

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