Technical Analysis

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Tue, 19 Mar 2019 10:53:09 GMT

NZD/USD moving towards weekly R1

The New Zealand Dollar depreciated about 33 base points against the US Dollar on Monday. The currency pair tested the lower boundary of an ascending channel pattern at 0.6846 during the previous trading session.

Tue, 19 Mar 2019 10:49:59 GMT

USD/CAD breaches channel

The US Dollar appreciated about 63 base points against the Canadian Dollar on Monday. The currency pair breached the upper boundary of a medium-term descending channel pattern at 1.3340 during yesterday's trading session.

Tue, 19 Mar 2019 10:48:33 GMT

AUD/USD tests 50-hour SMA

After hitting a resistance level formed by the weekly R1 at 0.7116, the Australian Dollar began to depreciate. The Aussie lost about 0.43% of its values against its US counterpart.

Tue, 19 Mar 2019 10:43:32 GMT

EUR/JPY stranded between SMAs

The single European currency depreciated about 51 base points against the Japanese Yen on Monday. The currency pair breached a support level formed by the 50-hour simple moving average at 126.35 during yesterday's trading session. 

Tue, 19 Mar 2019 09:05:02 GMT

XAU/USD surges towards 1,308.00

During Monday's trading session, the yellow metal was supported by the 100-hour simple moving average to end the trading session at 1302.00. On Tuesday morning, the rate was located at the 1,305.92 mark. 

Tue, 19 Mar 2019 09:03:27 GMT

USD/JPY might depreciate to 111.00

During Monday's trading session, the currency exchange rate passed the support level of the 200-hour simple moving average to end the trading session at 111.20. On Tuesday morning, the rate was trading sideways at the 111.28 mark. 

Tue, 19 Mar 2019 09:01:42 GMT

GBP/USD could reach 1.3300

During Monday's trading session, the currency exchange rate passed through most of the technical indicators to end the trading session at 1.3200. On Tuesday morning, the 55-hour simple moving average supported the rate to trade at the 1.3269 mark. 

Tue, 19 Mar 2019 08:59:42 GMT

EUR/USD will trade at 1.1360

During Monday's trading session, the European Single Currency depreciated against the US Dollar to 1.1320. On Tuesday morning, the rate recovered itself to the 1.1354 mark.  

Mon, 18 Mar 2019 10:09:08 GMT

XAU/USD will surge to 1,310.00

During Friday's trading session, the yellow metal passed through the support levels of the 55-hour and the 100-hour simple moving averages to end the trading session at 1,298.00. On Monday morning, gold was located at the upper boundary of the medium pattern line at the 1,305.17 mark. 

Mon, 18 Mar 2019 10:07:06 GMT

USD/JPY will stay at 111.60 level

During Friday's trading session, the 100-hour simple moving average supported the rate to end the trading session at 111.40. On Monday morning, the rate was trading between the 55-hour and the 100-hour simple moving averages at the 111.51 mark. 

Mon, 18 Mar 2019 10:05:35 GMT

GBP/USD could depreciate to 50.00% Fibo

During Friday's trading session, the 55-hour simple moving average supported the British Pound to trade sideways at 1.3250. On Monday morning, the rate passed the support level of the 55-hour SMA to be located at the 1.3240 mark. 

Mon, 18 Mar 2019 10:05:35 GMT

NZD/USD decline insight

The New Zealand Dollar is gradually making a new higher highs and lower lows since the currency pair bounced off a support level formed by the 200-hour simple moving average at 0.6809 on March 14.

Mon, 18 Mar 2019 10:04:09 GMT

USD/CAD likely to maintain channel

The US Dollar appreciated about 80 base points against the Canadian Dollar on Friday. The currency pair tested the upper boundary of a descending channel pattern during Friday's trading session.

Mon, 18 Mar 2019 10:04:00 GMT

EUR/USD might break PP at 1.1364

During Friday's trading session, the European Single Currency was supported by the 55-hour simple moving average to trade sideways at 1.1320. On Monday morning, the rate was located at the 1.1344 mark. 

Mon, 18 Mar 2019 10:01:18 GMT

AUD/USD moving towards target

The Australian Dollar has appreciated about 0.70% in values against the US Dollar since Friday's trading session. The currency pair tested a resistance level formed by the weekly R1 at 0.7116 during the morning hours of today's session. 

Mon, 18 Mar 2019 09:55:08 GMT

EUR/JPY bullish sentiment today

During Friday's trading session, the common European currency depreciated about 42 base points against the Japanese Yen. The decline was stopped by a support level formed by the 50-hour simple moving average at 126.15.

Fri, 15 Mar 2019 10:39:55 GMT

XAU/USD will surge to 1,300.00

During Thursday's trading session, the yellow metal passed the 55-hour and the 100-hour simple moving averages to end the trading session at monthly S1. On Friday morning, the 200-hour simple moving averages helped gold to break the resistance levels of the 55-hour and the 100-hour simple moving averages to trade at the 1,302.16 mark. 

Fri, 15 Mar 2019 10:38:18 GMT

USD/JPY might reach R1 at 111.95

During Thursday's trading session, the currency exchange rate was supported by the 200-hour simple moving average to end the trading session at 111.80 as it was expected! On Friday morning, the rate was trading sideways to stay at the 111.65 mark. 

Fri, 15 Mar 2019 10:36:40 GMT

GBP/USD surges to R2 at 1.3355

During Thursday's trading session, the British Pound traded sideways to stay at 1.3200. On Friday morning, the rate was supported by the 55-hour simple moving average to trade at the 1.3264 mark. 

Fri, 15 Mar 2019 10:34:14 GMT

EUR/USD is supported by 55-hour SMA

During Thursday's trading session, the European Single Currency was supported by the 55-hour simple moving average to keep trading inside the trend line at 1.1300. On Friday morning, the rate was located at the 1.1320 mark. 

Fri, 15 Mar 2019 09:50:27 GMT

NZD/USD target at 0.6879

The New Zealand Dollar depreciated about 46 base points against the US Dollar on Thursday. The decline was stopped by a support level formed by the 200-hour simple moving average at 0.6810.

Fri, 15 Mar 2019 09:47:37 GMT

USD/CAD aims at junior pattern lower band

The US Dollar appreciated about 56 base points against the Canadian Dollar on Thursday. However, the surge was stopped by a resistance level formed by the 50-hour simple moving average at 1.3337.

Fri, 15 Mar 2019 09:44:39 GMT

AUD/USD moving towards psychological level

The Australian Dollar depreciated about 44 base points against the US Dollar on Thursday. The exchange rate tested the bottom border of an uptrend channel at 0.7040 during Thursday's trading session.

Fri, 15 Mar 2019 09:42:16 GMT

EUR/JPY uptrend channel to prevail

The single European currency appreciated about 60 base points against the Japanese Yen on Thursday. The currency pair tested the upper boundary of an ascending channel at 126.56 during yesterday's trading session.

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