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Tag: PivotPoints

GBP/JPY Price Analysis: Dips below the 20 DMA as sellers eye the 100 DMA

GBP/JPY Price Analysis: Dips below the 20 DMA as sellers eye the 100 DMA GBP/JPY Price Analysis: Dips below the 20 DMA as sellers eye the 100 DMA

GBP/JPY is trading around known levels, above 163.00. From a long-term perspective, the cross has a neutral bias, awaiting a catalyst. The GBP/JPY hourly chart has a neutral bias, but is leaning lower as sellers gain momentum, as shown by the RSI. The GBP/JPY falters during the North American session in the middle of a […]

GBP/USD Price Analysis: Pulls back from daily highs, steady around 1.2080

GBP/USD Price Analysis: Pulls back from daily highs, steady around 1.2080 GBP/USD Price Analysis: Pulls back from daily highs, steady around 1.2080

GBP/USD trims some of last Friday’s losses but remains stuck between the 20-50 DMA. The daily chart shows the pair in a descending channel as sellers watch the 20-day EMA. The GBP/USD 4-hour chart shows the pair with a neutral bias to the downside and could test the 1.2000 figure in the near term. The […]

USD/CHF Price Analysis: Sellers have approached the 100 DMA, aiming to break 0.9470

USD/CHF Price Analysis: Sellers have approached the 100 DMA, aiming to break 0.9470 USD/CHF Price Analysis: Sellers have approached the 100 DMA, aiming to break 0.9470

USD/CHF drop below the 100 day EMA could pave the way for a retest of 0.9470. In the short term USD/CHF is neutral to the downside and once it breaks above 0.9550 it could open the door towards 0.9500. The USD/CHF pulls back below the 100-day EMA and changes the pair’s bias to neutral-bearish as […]

EUR/USD Price Analysis: The pair remains within the 1.0100-1.0260 range since July 22

EUR/USD Price Analysis: The pair remains within the 1.0100-1.0260 range since July 22 EUR/USD Price Analysis: The pair remains within the 1.0100-1.0260 range since July 22

EUR/USD will end the week almost sideways, gaining 0.05%. The daily chart of the shared currency is neutral to the downside, but the hourly chart is neutral to the upside. EUR/USD Price Analysis: Daily Close Above 1.0200 Could Pave Way To 1.0300; otherwise it could fall towards 1.0096. The EUR/USD is quoting at 1.0220, after […]

USD/CHF Price Analysis: Drops to fresh 4-week lows as sellers eye the 200 DMA

USD/CHF Price Analysis: Drops to fresh 4-week lows as sellers eye the 200 DMA USD/CHF Price Analysis: Drops to fresh 4-week lows as sellers eye the 200 DMA

The USD/CHF is preparing to end the week with significant losses of 1.01%. From a daily chart perspective, USD/CHF has turned into a neutral-bearish bias. The USD/CHF hourly chart reinforces the daily bias as sellers target a break below 0.9495 on their way to the 200 DMA. The USD/CHF falls for the fourth consecutive day […]

USD/CHF Price Analysis: Struggle at 100-day EMA, dips below 0.9600

USD/CHF Price Analysis: Struggle at 100-day EMA, dips below 0.9600 USD/CHF Price Analysis: Struggle at 100-day EMA, dips below 0.9600

USD/CHF faced solid resistance around the 100 day EMA and slumped 70 pips from its highs. USD/CHF could fall towards 0.9500 unless the buyers retake the 200 hourly EMA at 0.9665. The USD/CHF extends its weekly losses and falls for the third day in a row, falling below the 100 day EMA and below 0.9600, […]

USD/JPY Price Analysis: Yen hovers around 136.60 ahead of July Fed meeting

USD/JPY Price Analysis: Yen hovers around 136.60 ahead of July Fed meeting USD/JPY Price Analysis: Yen hovers around 136.60 ahead of July Fed meeting

USD/JPY is trendless as investors await the Fed’s monetary policy decision. Sentiment remains bearish, keeping major currencies in choppy trading ranges. USD/JPY Price Analysis: USD/PY has a long-term bullish bias, but is in a range in the short term. The USD/JPY remains low during the American session as investors brace for the Fed’s monetary policy […]