Technical Analysis

XAU/USD will pass the 200-hour SMA

USD/JPY meets weekly S1 at 1.10 mark

GBP/USD will surge to 1.2970

EUR/USD passes weekly PP at 1.16

XAU/USD reaches 1,200.00

USD/JPY is between SMAs

GBP/USD jumps due to fundamentals

EUR/USD will test levels at 1.16

NZD/USD stopped by the weekly S2

Bears guided the New Zealand Dollar towards the support level formed by the weekly S2 at 0.6533.

USD/CAD tests a resistance cluster

Upside risks dominated the USD/CAD currency pair on Tuesday, thus allowing the pair to breach a medium-term descending channel.

AUD/USD targets at 0.7127

The Australian Dollar tried to breach the 55-hour SMA at 0.7195 yesterday.

EUR/JPY sets for bullish momentum

The EUR/JPY currency pair reversed from the lower boundary of a medium-term ascending channel at 128.45.

XAU/USD still moving horizontally

USD/JPY breaks a large channel

GBP/USD remains above 1.28

EUR/USD stopped by the 55-hour SMA

NZD/USD: Bearish sentiment likely to continue

Downside risks dominated the NZD/USD currency pair on Monday, thus allowing the pair to breach a medium-term descending channel.

USD/CAD: Two scenarios likely

Upside momentum has been dominating the USD/CAD currency pair since August 30 and the pair has reached the upper boundary of a medium-term descending channel at 1.3128.

AUD/USD guided by a descending trend

Bulls guided the Australian Dollar towards the upper boundary of a descending channel against the US Dollar. However, the 55-hour SMA pushed the rate downwards.

EUR/JPY tests a medium-term channel

Bullish momentum pushed the Euro towards the 55-hour SMA at 129.10 against the Japanese Yen yesterday. However, the exchange rate could not surpass this resistance.

XAU/USD will be traded horizontally

USD/JPY will surge higher

GBP/USD tests a weekly S1 at the 1.2848 mark

EUR/USD waits for a squeeze