Technical Analysis

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Wed, 08 Jul 2020 07:20:37 GMT

AUD/USD two scenarios likely

The Australian Dollar declined by 56 points or 0.80% against the US Dollar on Tuesday. The currency pair breached the 50– and 100– hour SMAs during Tuesday's trading session.

Wed, 08 Jul 2020 07:05:37 GMT

EUR/JPY could decline today

The common European currency declined by 45 points or 0.37% against the Japanese Yen on Tuesday. The currency pair breached the 50– hour simple moving average during yesterday's trading session. 

Tue, 07 Jul 2020 10:03:56 GMT

XAU/USD revealed resistance area

Yesterday, the XAU/USD exchange rate tested the resistance area at 1,785.00/1,790.00. During Tuesday morning, the rate was testing the support formed by the 55– and 100-hour SMAs near 1,777.00.

Tue, 07 Jul 2020 09:48:32 GMT

USD/JPY jumped to 107.80

On Monday, the USD/JPY currency pair declined to the 107.30 level. During today's morning, the pair jumped to 107.80 level.

Tue, 07 Jul 2020 09:40:11 GMT

GBP/USD pressured by 55– and 100-hour SMAs

Yesterday, the GBP/USD exchange rate pierced the upper line of the medium-term descending channel, however, the rate failed to exceed 1.2500. During Tuesday morning, the rate was trading at 1.2470.

Tue, 07 Jul 2020 09:31:37 GMT

EUR/USD dropped below 1.1280

On Monday, the EUR/USD currency pair tried to exceed the 1.1320 level. During today's morning, the pair declined to the 100-hour SMA near 1.1265.

Tue, 07 Jul 2020 07:42:33 GMT

NZD/USD tests weekly R1

The New Zealand Dollar surged by 41 pips or 0.63% against the US Dollar on Monday. The currency pair tested the weekly resistance level at 0.6579 during yesterday's trading session.

Tue, 07 Jul 2020 07:10:22 GMT

USD/CAD breakout occurs

The US Dollar declined by 29 pips or 0.21% against the Canadian Dollar on Monday. The 50– hour simple moving average pressured the currency pair lower during yesterday's trading session.

Tue, 07 Jul 2020 06:49:43 GMT

AUD/USD breaks channel

The Australian Dollar surged by 57 pips or 0.80% against the US Dollar on Monday. The currency pair breached the weekly resistance level at 0.6979 during yesterday's trading session.

Tue, 07 Jul 2020 06:33:54 GMT

EUR/JPY targets at 122.00

The common European currency surged by 98 pips or 0.81% against the Japanese Yen on Monday. The currency pair tested the upper boundary of an ascending channel pattern at 121.80 during yesterday's trading session.

Mon, 06 Jul 2020 09:35:37 GMT

XAU/USD revealed rising wedge pattern

Last week, the XAU/USD exchange rate revealed a rising wedge pattern. During Monday, the rate was trading at 1,775.00.

Mon, 06 Jul 2020 09:23:09 GMT

USD/JPY remains below 107.80

On Friday, the USD/JPY currency pair traded sideways at 107.50. During today's morning, the pair touched the 107.70 level.

Mon, 06 Jul 2020 09:15:02 GMT

GBP/USD tests medium-term channel

At the end of last week, the GBP/USD exchange rate consolidated at 1.2470. During Monday morning, the rate was testing the upper line of the medium-term descending channel.

Mon, 06 Jul 2020 09:08:10 GMT

EUR/USD breached medium-term channel north

On Friday, the EUR/USD currency pair re-tested the psychological level at 1.1220. During today's morning, the pair breached the medium-term descending channel north.

Mon, 06 Jul 2020 08:47:12 GMT

NZD/USD likely to continue bullish trend

The New Zealand Dollar has surged by 60 basis points or 0.92% against the US Dollar since Friday's trading session. The currency pair was guided up by the 50– hour simple moving average.

Mon, 06 Jul 2020 08:32:47 GMT

USD/CAD two scenarios likely

The US Dollar has declined by 58 basis points or 0.43% against the Canadian Dollar since Friday's trading session. The currency pair was pressured lower by the 50– hour simple moving average.

Mon, 06 Jul 2020 08:11:36 GMT

AUD/USD tests weekly R1

The Australian Dollar has surged by 63 basis points or 0.91% against the US Dollar since Friday's trading session. The currency pair tested the weekly resistance level at 0.6978 on Monday morning.

Mon, 06 Jul 2020 07:36:22 GMT

EUR/JPY upside risks likely to prevail

The common European currency has surged by 98 basis points or 0.81% against the Japanese Yen since Friday's trading session. The currency pair tested the monthly support level at 121.65 on Monday morning.

Fri, 03 Jul 2020 10:18:48 GMT

XAU/USD supported by moving averages

Yesterday, the XAU/USD exchange rate re-tested the 1,760.00 level. During Friday morning, the rate was testing the support formed by the 55– and 100-hour SMAs near 1,775.00.

Fri, 03 Jul 2020 10:11:42 GMT

USD/JPY pressured by 55-hour SMA

On Thursday, the USD/JPY currency pair traded sideways around the 107.50 level. During today's morning, the pair maintained its consolidation.

Fri, 03 Jul 2020 10:03:48 GMT

GBP/USD revealed medium-term channel

Yesterday, the GBP/USD exchange rate revealed corrected medium-term descending channel. During Friday morning, the rate was testing the 55-hour SMA near 1.2460.

Fri, 03 Jul 2020 09:55:44 GMT

EUR/USD declined to 1.1230

On Thursday, the EUR/USD currency pair declined to the 1.1230 level. During today's morning, the pair was testing the given mark.

Fri, 03 Jul 2020 08:46:04 GMT

NZD/USD two scenarios likely

The New Zealand Dollar declined by 25 points or 0.38% against the US Dollar on Thursday. The decline was stopped by the weekly support level at 0.6507 during yesterday's trading session.

Fri, 03 Jul 2020 08:32:59 GMT

USD/CAD breaks channel pattern

The US Dollar declined by 46 points or 0.34% against the Canadian Dollar on Thursday. The currency pair tested the lower boundary of an ascending channel pattern at 1.3563 during yesterday's trading session.

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