-637746737094014420.png "Around 0.8540 after bears claim 200-day SMA, upside risks persist")
The common currency gives way against the British pound, with a fall of more than 0.40%. The EUR / GBP pulls back after hitting a fresh eight-week high around 0.8598, falling towards 0.8540 during the American session on Thursday. Financial markets sentiment is pessimisticAs evidenced by losing US equities, with the exception of the Dow […]
Tag: SupportResistance
Bounces from the double top pattern target at 0.9190 and rises towards 0.9260
USD / CHF moves higher on Thursday, as the USD’s safe haven status outperforms the Swiss franc. Market sentiment has been affected by the COVID-19 restrictions amid the fourth wave in Europe. The transmissibility of the Omicron variant of COVID-19 threatens to overwhelm hospitals. After hitting the target of a double top chart pattern on […]
Fall Still Open Towards 1.3100 Amid Omicron Risks
GBP / USD expects deeper losses as Omicron restrictions derail the BoE’s rate hike bets. US dollar jumps with mixed market mood, critical daily support line remains at risk. The DMA of 21 is the level to beat for GBP bulls if the bounce from the yearly lows kicks in. The GBP/USD is losing around […]
Double top pattern around 0.9265 looms
-637744962691329608.png "Double top pattern around 0.9265 looms")
USD / CHF continues to advance for the second day in a row, up 0.09%. The risk appetite in the market weakens safe haven currencies, except for the USD, which is gaining against the CHF. USD / CHF Price Forecast: A failure at 0.9268 would form a double top pattern opening the way for further […]
Stuck between 50-100 SMA, around 1.1300
-637741629343428844.png "Stuck between 50-100 SMA, around 1.1300")
The shared currency advances against the dollar, with an increase of 0.10%. The US dollar index, which measures the dollar’s performance against six rivals, lateralized at 96.16. EUR / USD: Slightly bearish, but needs a break below the 50 SMA to resume the move lower. The EUR / USD pair rose modestly 0.10%, trading at […]
Bounced away from solid support at 149.20-40, rebounded to 150.50
-637740735698347046.png "Bounced away from solid support at 149.20-40, rebounded to 150.50")
After falling for eight consecutive days, the British pound is down 0.50%. Risk appetite benefits the risk sensitive GBP. GBP / JPY: Strong demand was found around the 149.00 zone as the pair gains more than 130 pips on the day. The GBP it advances during the American session as risk-sensitive currencies rise, while safe-haven […]
EUR / USD declines from daily highs around 1.1340 and clings to 1.1300
In recent hours, the euro’s decline continues, hovering around 1.1300. The Fed’s Bostic and Daly point to a faster reduction in bonds, Barkin preferring to keep pace with $ 15 billion. The EUR / USD break below 1.1300 could pave the way for a retest of the yearly low at 1.1186. The EUR falls sharply […]
It moves around the daily center pivot point at 1.1320
-637739764385964751.png "It moves around the daily center pivot point at 1.1320")
The USD recovers some of Tuesday’s losses as the shared currency finished green amid aggressive comments from the Fed’s Powell. The EUR USD found dynamic support at the 50 hourly simple moving average (SMA). The Fed’s Powell favors a faster cut and expects inflation to moderate by 2022. During the American session, the par EUR/USD […]
The 153.00 Failure Opens the Door for Sellers Watching the 200 DMA
GBP / JPY falls for three days in a row, racking up losses of almost 1%. GBP / JPY is trading sideways, but modestly sloping to the downside as sellers look at the 200 DMA. The GBP/JPY It extends its losing streak to three consecutive days, down 0.01%, trading 152.44 for the day at the […]
2021 low at 1.1524 appears to be at risk ahead of NFP
EUR / USD sellers pause before the next drop. The horizontal support line at 1.1524 is the last line of defense for the EUR bulls. Strong NFP Non-Farm Payrolls could push EUR / USD towards the 1.1500 level. EUR / USD remains under pressure around the 1.1550 region, as sellers pause before resuming their slide […]
