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Tag: Technical analysis

Gold Price: Break below $1,691/$76 will turn risk to the downside for the next 1-3 months – Credit Suisse

Gold Price: Break below $1,691/$76 will turn risk to the downside for the next 1-3 months – Credit Suisse Gold Price: Break below ,691/ will turn risk to the downside for the next 1-3 months – Credit Suisse

Gold is under new pressure. A major “double top” remains threatening, which would turn risks to the downside for at least the next 1-3 monthsreport Credit Suisse strategists. Break above the 55 DMA at $1,766 to confirm further range “We continue to insist that a closing break below $1,691/76 would be enough to complete a […]

EUR/JPY Price Analysis: Euro and Yen are trading around five-week highs, targeting 140.00

EUR/JPY Price Analysis: Euro and Yen are trading around five-week highs, targeting 140.00 EUR/JPY Price Analysis: Euro and Yen are trading around five-week highs, targeting 140.00

EUR/JPY posted a new weekly high each day of the week. The shared currency strengthened once it broke above the 39.00 level following the EU inflation data. The negative divergence of the EUR/JPY and the RSI on the 4 hours chart suggests that the pair could pull back before testing 140.00. The EUR/JPY extends its […]

USD/CHF Price Analysis: Firm march towards the 0.9800 level

USD/CHF Price Analysis: Firm march towards the 0.9800 level USD/CHF Price Analysis: Firm march towards the 0.9800 level

USD/CHF extends its rally to four straight days, refreshing seven-week highs. Solid resistance lies around the confluence of the upper trend line of an ascending channel and a psychological price level around 0.9800. The USD/CHF is advancing strongly after hitting a daily low at 0.9726. in the North American session. USD/CHF is trading at 0.9758 […]

USD/CAD holds on to modest gains near 1.3100 after Canadian data

USD/CAD holds on to modest gains near 1.3100 after Canadian data USD/CAD holds on to modest gains near 1.3100 after Canadian data

USD/CAD hit its highest level since mid-July above 1.3100. The Canadian economy expanded at a softer-than-expected pace in the second quarter. The USD struggles to gain strength after weak employment data. The pair USD/CAD gained momentum to the upside and hit its highest level since mid-July at 1.3132 before erasing part of its daily gains. […]

DXY Price Analysis: Next upside target at 2022 peak

DXY Price Analysis: Next upside target at 2022 peak DXY Price Analysis: Next upside target at 2022 peak

DXY extends Tuesday’s gains and recovers the area above 109.00. Immediately on the upside is the cycle high at 109.47 (Aug 29). The US Dollar Index trades firmer and extends the rebound past the 109.00 barrier on Wednesday. The index appears to have entered a consolidation phase, with the lower bound at recent lows near […]

EUR/JPY Price Analysis: More upside seen on close above 140.00

EUR/JPY Price Analysis: More upside seen on close above 140.00 EUR/JPY Price Analysis: More upside seen on close above 140.00

EUR/JPY starts a corrective decline just above 139.00. A further advance seems likely once 140.00 is broken. EUR/JPY is under bearish pressure after three consecutive sessions of gains on Wednesday. The continuation of the uptrend has the focus now on the key 140.00 level. Beyond this zone, the cross could attempt another test of the […]

EUR/USD Price Analysis: Range Likely to Remain Limited…To NFP?

EUR/USD Price Analysis: Range Likely to Remain Limited…To NFP? EUR/USD Price Analysis: Range Likely to Remain Limited…To NFP?

EUR/USD is under modest pressure below parity. Solid containment remains around the 0.9900 area. The EUR/USD loses some ground after Tuesday’s two-day highs in the 1.0050/55 band. Further consolidation seems the most likely scenario in EUR/USD at the moment, still within the 1.0100-0.9900 range. The pair is expected to keep this theme unchanged for the […]

USD/CHF Price Analysis: Rises sharply towards six-week highs around 0.9760

USD/CHF Price Analysis: Rises sharply towards six-week highs around 0.9760 USD/CHF Price Analysis: Rises sharply towards six-week highs around 0.9760

USD/CHF recovers the 0.9700 figure, advancing towards the 0.9800 mark, up 0.70%. USD/CHF Price Analysis: Daily Close Above 0.9740 Opens Path To 0.9900; otherwise, a drop to 0.9600 is anticipated. The USD/CHF rises during the North American session, reaching a six-week high around 0.9762, falling below the 20-day EMA, widening the gap from the long-term […]

EUR/USD Price Analysis: Next step up is 1.0090

EUR/USD Price Analysis: Next step up is 1.0090 EUR/USD Price Analysis: Next step up is 1.0090

EUR/USD continues positive start to the week above parity. Firm resistance is seen near the 1.0100 area so far. The EUR/USD hits two-day highs north of the parity barrier on Tuesday. At the moment, it looks like the pair may continue to rise. Therefore, the recent weekly high at 1.0090 (Aug 26) now emerges as […]

EUR/JPY Price Analysis: A visit to 140.00 seems likely

EUR/JPY Price Analysis: A visit to 140.00 seems likely EUR/JPY Price Analysis: A visit to 140.00 seems likely

EUR/JPY extends the uptrend and challenges the 139.00 mark. The next move up is the key round level of 140.00. The EUR/JPY advances for the third session in a row and touches multi-week highs near 139.00 at the same time. The continuation of the uptrend has the focus now on the key 140.00 level. Beyond […]