Technical Analysis

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Mon, 27 Sep 2021 04:47:45 GMT

GBP/JPY could edge higher

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Mon, 27 Sep 2021 04:35:38 GMT

AUD/USD two scenarios likely

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Mon, 27 Sep 2021 04:25:02 GMT

EUR/JPY could still edge higher

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Fri, 24 Sep 2021 07:35:47 GMT

Gold hits new low level

The yellow metal's price booked a new recent low level on Thursday, as it shortly traded at the 1,738.40 level. However, a recovery followed the piercing of the 1,740.00 mark. On Friday morning, the commodity price was heading higher. The upwards move was expected to find resistance first in the combination of the 55 and 100-hour simple moving averages at 1,765.00

Fri, 24 Sep 2021 07:31:49 GMT

USD/JPY reaches above 110.50

On Friday, the USD/JPY currency exchange rate passed the resistance of the 110.40 level, which was strengthened by the weekly R1 simple pivot point. Moreover, the rate reached above the 110.50 mark. In the near term future, the pair could continue to surge. A surge would most likely reach for the resistance of the weekly R2 simple pivot point at

Fri, 24 Sep 2021 07:28:35 GMT

GBP/USD is pushed by 200-hour SMA

On Friday, the GBP/USD currency exchange rate declined. The decline started on Thursday when the Bank of England caused surge ended at the 200-hour simple moving average at the 1.3750 level. If the rate continues to decline, it would most likely look for support in the 55 and 100-hour SMAs and the weekly S1 simple pivot point at 1.3676. Below these

Fri, 24 Sep 2021 07:24:43 GMT

EUR/USD faces resistance zone

On Friday morning, the EUR/USD currency exchange declined, as it had bounced off the this week's high zone that surrounds the 1.1750 level. In the case of the pair continuing to decline, it could find support in the 55 and 100-hour simple moving averages at 1.1725. Below these levels, the 1.1700 mark and the 61.80% Fibonacci retracement level could provide

Fri, 24 Sep 2021 05:19:27 GMT

USD/CAD breached channel

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Fri, 24 Sep 2021 05:07:22 GMT

GBP/JPY breakout occurs

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Fri, 24 Sep 2021 04:54:27 GMT

AUD/USD breaks channel pattern

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Fri, 24 Sep 2021 04:44:14 GMT

EUR/JPY bullish momentum likely to continue

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Thu, 23 Sep 2021 14:25:00 GMT

Gold drops to 1,750.00

After making four attempts to pass the resistance of the 200-hour simple moving average and even piercing it during the Federal Reserve caused volatility, on Thursday, the yellow metal's price plummeted to the 1,750.00 mark. In the case of the metal's price passing the 1,750.00 level, the commodity could look for support in the September 18 low level at 1,742.50. Meanwhile,

Thu, 23 Sep 2021 13:50:01 GMT

USD/JPY recovery reaches above 110.00

First of all, the surge of the USD/JPY has reached above the 110.00 level. Second, the rate reached the September 13 and 14 high level at 110.15 at the start of Thursday's US trading. The near term future was dependent on what would happen at the high level. If the pair passes the resistance of the 110.15 level, it would face

Thu, 23 Sep 2021 13:40:49 GMT

GBP/USD surges after bank statements

The GBP/USD did not even start an attempt at testing the support levels that are located from 1.3608 to 1.3574. Instead, in the aftermath of the Federal Reserve announcing its monetary policy, the rate began a surge. Moreover, the surge was fueled on Thursday by the Bank of England's monetary announcements. By mid-day on Thursday, the rate had reached above the

Thu, 23 Sep 2021 12:18:02 GMT

EUR/USD traded below 1.1700

The release of the US Federal Reserve Meeting Minutes caused volatility, which eventually lead to a decline below the 1.1700 mark. The decline was stopped by the weekly S1 simple pivot point at 1.1686. Afterwards, at midnight to Thursday, the pair began a recovery. By the middle of the day, the recovery had reached the combined resistance of the 55

Thu, 23 Sep 2021 05:53:12 GMT

USD/CAD tests 200– hour SMA

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Thu, 23 Sep 2021 05:41:09 GMT

GBP/JPY could still edge higher

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Thu, 23 Sep 2021 05:31:12 GMT

AUD/USD remains above 0.7227

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Thu, 23 Sep 2021 05:09:01 GMT

EUR/JPY bounces off support

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Wed, 22 Sep 2021 13:36:14 GMT

Gold respects resistance

Since the middle of Tuesday's trading hours, the price for gold has been kept down by the combined resistance of the 200-hour simple moving average and the 1,781.00/1,783.00 zone. In the case that the 200-hour simple moving average continues to push the price down, it could find support in the 55 and 100-hour simple moving averages. The 55-hour SMA was

Wed, 22 Sep 2021 12:55:29 GMT

USD/JPY respects resistance at 109.60

On Wednesday morning, the USD/JPY currency pair bounced off the resistance of the 109.60 level. Previously, during night hours, the rate ended a decline by finding support in the September and August low level at 109.12. In the near term future, the rate had two possible scenarios. The pair could either pass the resistance of the 109.60 zone or bounce

Wed, 22 Sep 2021 12:41:12 GMT

GBP/USD is pushed down by SMA

At midnight to Wednesday, the GBP/USD encountered and bounced off the combined resistance of the weekly S1 simple pivot point at 1.3676 and the 55-hour simple moving average at 1.3680. Afterwards, the rate began a step by step decline, which had no technical support as low as 1.3808. In the case that the rate declines, the GBP/USD could look for support

Wed, 22 Sep 2021 12:12:42 GMT

EUR/USD remains below 1.1750

The EUR/USD bounced off the resistance of the 1.1750 level on Tuesday. By the middle of Wednesday's trading hours, the rate had been fluctuating between the 1.1720 level and the 1.1740 level. Meanwhile, the rate was being approached by the resistance of the 100-hour simple moving average from above. In the case that the rate surges above the resistance of

Wed, 22 Sep 2021 06:02:56 GMT

USD/CAD uptrend likely to continue

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