Technical Analysis

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Wed, 05 May 2021 06:57:18 GMT

GBP/JPY bulls likely to prevail

During the first half of Tuesday's trading session, the British Pound fell by 85 pips or 0.56% against the Japanese Yen. However, the currency pair recovered at the end of the session.

Wed, 05 May 2021 06:19:49 GMT

AUD/USD tests resistance at 0.7740

The Australian Dollar declined by 75 pips or 0.96% against the US Dollar on Tuesday. The currency pair breached the 50– hour simple moving average during yesterday's trading session.

Wed, 05 May 2021 06:03:25 GMT

EUR/JPY could edge up

The common European currency declined by 45 pips or 0.34% against the Japanese Yen on Tuesday. The decline was stopped by the 200– hour simple moving average during Tuesday's trading session.

Mon, 03 May 2021 07:07:34 GMT

USD/CAD continues to trade flat

The US Dollar continued to trade sideways against the Canadian Dollar on Friday. The currency pair made about 38 pips 0.31% movement during Friday's trading session.

Mon, 03 May 2021 06:47:23 GMT

GBP/JPY could edge up

The British Pound edged lower by 114 pips or 0.75% against the Japanese Yen on Friday. The currency pair breached the 50– hour simple moving average at 151.57 during Friday's trading session.

Mon, 03 May 2021 06:21:20 GMT

AUD/USD decline likely to continue

The Australian Dollar fell by 80 pips or 1.02% against the US Dollar on April 30. The currency pair breached the 50– and 200– hour simple moving averages during Friday's trading session.

Mon, 03 May 2021 05:56:43 GMT

EUR/JPY bounces off support

The common European currency declined by 77 pips or 0.58% against the Japanese Yen on Friday. The currency pair tested the lower boundary of an ascending channel pattern at 131.32 during Friday's trading session.

Fri, 30 Apr 2021 08:12:27 GMT

USD/CAD bears could prevail

The US Dollar traded sideways against the Canadian Dollar on Thursday. The USD/CAD currency pair made about 35 pips or 0.28% move during Thursday's trading session.

Fri, 30 Apr 2021 07:46:58 GMT

GBP/JPY breakout occurs

The British Pound has declined by 85 pips or 0.56% against the Japanese Yen since yesterday's trading session.

Fri, 30 Apr 2021 07:08:32 GMT

AUD/USD decline to continue

The Australian Dollar declined by 55 pips or 0.72% against the US Dollar on Thursday. The decline was stopped by the 200– hour simple moving average during Thursday's trading session.

Fri, 30 Apr 2021 06:41:28 GMT

EUR/JPY could maintain channel

The EUR/JPY exchange rate maintained the narrow ascending channel pattern during yesterday's trading session. The currency pair made about 35 pips or 028% move during Thursday's trading session.

Fri, 30 Apr 2021 05:57:08 GMT

XAU/USD breaks pattern

On Thursday, the XAU/USD exchange rate plunged by 312 pips or 1.74%. A breakout occurred through the lower boundary of an ascending channel pattern during Thursday's trading session.

Fri, 30 Apr 2021 05:39:57 GMT

USD/JPY tests 55– hour SMA

The US Dollar edged higher by 72 pips or 0.66% against the Japanese Yen on Thursday. The currency pair tested the 109.21 area during yesterday's trading session.

Fri, 30 Apr 2021 05:30:08 GMT

GBP/USD trades sideways

The British Pound traded sideways against the US Dollar on Thursday. The GBP/USD currency pair made about 35 pips or 0.25% move during Thursday's trading session.

Fri, 30 Apr 2021 04:10:25 GMT

EUR/USD respects channel pattern

On Thursday, the common European currency declined by 44 pips or 0.36% against the US Dollar. The currency pair reversed from the resistance level at 1.2152 during yesterday's trading session.

Thu, 29 Apr 2021 07:19:50 GMT

USD/CAD two scenarios likely

The US Dollar edged lower by 113 pips or 0.91% against the Canadian Dollar on Wednesday. The 50– hour simple moving average pressured the currency pair lower during yesterday's trading session.

Thu, 29 Apr 2021 06:46:16 GMT

GBP/JPY bullish run to continue

The British Pound edged higher by 51 pips or 0.34% against the Japanese Yen on Wednesday. The currency pair breached the weekly R1 at 151.41 during Wednesday's trading session.

Thu, 29 Apr 2021 06:19:17 GMT

AUD/USD buyers likely to prevail

The Australian Dollar climbed by 76 pips or 0.98% against the US Dollar on Wednesday. The surge was stopped by the weekly resistance level at 0.7814 during the Asian session on Thursday.

Thu, 29 Apr 2021 05:57:21 GMT

EUR/JPY trades above 50– hour SMA

The common European currency edged higher by 39 pips or 0.30% against the Japanese Yen on Wednesday. The currency pair breached the weekly R2 at 131.72 during Wednesday's trading session.

Thu, 29 Apr 2021 05:33:25 GMT

XAU/USD breaks resistance level

The XAU/USD exchange rate bounced off the lower boundary of an ascending channel pattern at 1765.3 on Wednesday. As a result, the commodity surged by 175 pips or 0.99% during Wednesday's trading session.

Thu, 29 Apr 2021 05:30:08 GMT

USD/JPY decline likely to continue

Downside risks pressured the US Dollar against the Japanese Yen on Wednesday. The currency pair dropped by 60 pips or 0.55% during yesterday's trading session.

Thu, 29 Apr 2021 04:47:55 GMT

GBP/USD could pullback

Upside risks dominated the British Pound against the US Dollar on Wednesday. The GBP/USD currency pair surged by 88 pips or 0.64% during Wednesday's trading session.

Thu, 29 Apr 2021 04:04:44 GMT

EUR/USD bulls likely to prevail

On April 28, the Eurozone single currency surged by 77 pips or 0.64% against the US Dollar. The currency pair breached the resistance level at 1.2113 during Wednesday's trading session.

Wed, 28 Apr 2021 08:04:05 GMT

USD/CAD awaits FOMC Statement

The USD/CAD currency pair continued to trade sideways during yesterday's trading session. The US Dollar traded near the 1.2385 level against the Canadian Dollar on Tuesday.

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