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, […]
Tag: Technical analysis
USD/MXN Price Analysis: The decline is contained at 20.30
USD/MXN falls for the fifth day in a row. Losses seem limited while above 20.30; dollar strengthens above 20.55. The USD/MXN falls for the fifth day in a row. The decline found support again around the 20.30 area, which also capped the decline in early July. The mentioned zone is the key support and a […]
USD/JPY Price Analysis: Drops to one-month lows after disappointing US GDP.
USD/JPY remains under intense selling pressure on Thursday and falls to a one-month low. The selling bias accelerates after the US second quarter GDP report confirmed a technical recession. The bears are now waiting for a break below the support at the 61.8% Fibonacci level around 134.50. The pair USD/JPY witnessed strong selling on Thursday […]
EUR/USD Price Analysis: Upside attempts seem limited around 1.0280
EUR/USD trims post-FOMC gains and falters near 1.0230. So far there is a tough upside barrier around the weekly high at 1.0280. The EUR/USD failed to sustain the previous bull run and pulled back on Thursday to the area well below the 1.0200 support. For the pair to make a more serious rebound, it needs […]
US Dollar Index Price Analysis: Further Consolidation Likely Before Additional Gains
US Dollar Index (DXY) fading sharp post-FOMC pullback and nearing 107.00. The US Dollar Index (DXY) bounces off the 106.00 area and manages to reverse Wednesday’s sharp pullback on Thursday. So far, the prevailing sideways trade seems well contained by the 106.00 area. If the index breaks above this level, it could attempt a move […]
EUR/JPY Price Analysis: Further losses below 136.85 likely
EUR/JPY accelerates decline below 138.00 on Thursday. Immediately to the downside now comes the July low at 136.85. EUR/JPY quickly pulls back to 2-week lows well below 138.00 on Thursday. The cross remains under pressure and is vulnerable to further decline while below the weekly high of 142.32 (July 21). Against this, the next support […]
EUR/GBP Price Analysis: Breaking from weekly highs and trading below the 200-day EMA
EUR/GBP lost more than 1% on the week. US equities continue to rise, but sentiment will turn cautious on the FOMC decision. EUR/GBP Price Analysis: In the long and short term, it has moved lower. The EUR/GBP falls for four days in a row and on its way south breaks below the 100 and 200 […]
EUR/USD Price Analysis: Immediately on the upside comes 1.0280
EUR/USD regains some composure and bounces off the 1.0100 area. To see more gains the euro must break the weekly highs around 1.0280 in the short term. EUR/USD managed to rebound from Tuesday’s lows around 1.0100 and retaken the 1.0170 area on Wednesday. Further recovery should motivate the pair to challenge recent highs around 1.0280 […]
DXY Price Analysis: A drop to 105.80 is not ruled out
DXY is under some pressure after Tuesday’s strong gains. A break of the 106.00 zone would expose the index to more losses. The US Dollar Index (DXY) gives back part of the weekly advance and returns to the lower area of ​​107.00 on Wednesday. It looks like there is strong containment at the 106.00 area […]
GBP/JPY Price Analysis: Weakened around 164.40, above the 20-day EMA
GBP/JPY loses 0.06% in a swing session. Sentiment remains negative, limiting GBP/JPY gains. The GBP/JPY falls and trims Monday’s earnings on bearish sentiment in financial markets, prompted by US Walmart blaming inflation as the main reason for lowering its earnings forecast. Meanwhile, Russia has cut gas flows through Nord Stream 1, and EU countries have […]
