AUD/USD is about to end the week with losses of 1.10%. A bearish candlestick pattern and the RSI crossing below 50 are two reasons that could push AUD/USD lower. AUD/USD sellers are eyeing a break below 0.6900 on its way to 0.6800. The AUD/USD falls substantially, courtesy of encouraging US economic data, which saw the […]
Tag: Technical analysis
EUR/USD Price Analysis: Falling to familiar levels above the 20-DMA
EUR/USD breaks two consecutive weeks of gains and falls 0.42%. The common currency is trendless, within the range of 1.0096-1.0278. From a daily chart point of view, EUR/USD could test the low of 1.0096 before retesting recent years’ lows below parity. The EUR/USD slumps late at the close on Wall Street, down 0.62%, hit by […]
USD/JPY Price Analysis: Rises sharply towards 135.00 on buyers intervention, eyes on 20 DMA
USD/JPY is up nearly 1.50% for the week. A bullish candlestick pattern on the daily chart opens the door for further gains. In the short term, a pullback towards 134.00 is expected. The USD/JPY rises for the third time during the week, reaching a new weekly high at 135.50, spurred on by positive US employment […]
NZD/USD Price Analysis: Bears Approaching Key Support Territory
NZD/USD falls sharply after US NFP report. Price stays testing a familiar group of daily support. The NZD/USD has fallen after the rally in the US dollar on Friday due to a surprising result in US labor market data. Nonfarm payrolls in the US rose by 528,000 in July, according to data released by the […]
EUR/USD Price Analysis: Gains should accelerate above 1.0300
EUR/USD retraces part of Thursday’s advance and holds around 1.0220. The pair needs to break above 1.0300 to allow for a more serious recovery. EUR/USD is under pressure after teetering once again in the 1.0250/60 zone at the end of the week. The August high at 1.0293 (Aug 2) looks like the magnet for the […]
DXY Price Analysis: Further losses expected below 105.00
The DXY keeps the erratic behavior unchanged so far this week. Bears resumption could retest 105.00. The US Dollar Index (DXY) advances modestly after Friday’s sharp decline. Continuing selling pressure could facilitate a deeper pullback to initially the August low near 105.00 (Aug 2). This initial containment zone appears to be reinforced by the 55-day […]
EUR/JPY Price Analysis: Weekly gains capped by 137.00 area
EUR/JPY advances for the fourth session in a row on Friday. Immediately on the upside comes the monthly high near 137.00. The EUR/JPY extends its recovery for another session, pending the publication of key data in the United States. Considering the ongoing price action, it seems likely that the cross will continue to rise for […]
EUR/GBP Price Analysis: Buyers respite on the lookout for the 200 DMA
EUR/GBP rose more than 100 pips on Thursday after the Bank of England hike. Longs remain hopeful of breaking 0.8438, the 200 DMA. EUR/GBP Price Analysis: Short-Term Has a Bullish Bias; once the buyers break the resistance at 0.8438, a rally to 0.8500 is expected. The shared currency benefited from UK macroeconomic news, rising almost […]
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: Seems stuck at 1.0100-1.0300
EUR/USD regains strength and approaches 1.0200 on Thursday. Price action remains stuck in the 1.0100-1.0300 range. The EUR/USD reverses some of the weekly pullback and manages to retest the 1.0200 area on Thursday. In light of the key US docket releases on Friday, the pair is expected to hold the current range of 1.0100-1.0300 broadly […]
