The EUR / USD is trading with some volatility between 1.1780 and 1.1600. The pair found support at the 1.1600 area for the time being. The EUR / USD navigates a fairly wide trading range the day after the election, exposed to how the vote count evolves. Meanwhile, a move above the 55-day SMA near […]
Tag: Technical analysis
A test at the 200-day moving average is not ruled out
EUR / JPY faces increased volatility as markets await election results. A move lower could extend to the 200-day SMA near 121.20. EUR / JPY is trading without a clear direction on Wednesday amid growing uncertainty regarding the results of the US elections. In case weakness returns, then the door should be open for a […]
Strong barrier at the 100-day SMA near 94.30
DXY bullish momentum fades around the 94.30 region. The six-month support line limits declines for now. The US Dollar Index (DXY) advanced and failed around the 94.30 / 20 zone at the start of Wednesday, where a Fibonacci level (from the fall of 2017-2018) and the 100 SMA coincide. days. The ongoing volatility and uncertainty […]
Clings to strong intraday recovery gains, just above 1.3250
Resurgent USD demand helps USD / CAD quickly recover from the support of an uptrend line. Technical indicators on the 1-hour charts favor the bulls and support the prospects for additional gains. Neutral oscillators on the daily chart warrant some caution before opening aggressive bull positions. After showing some resistance below the 1.3100 level, the […]
Euro below 1.17 after rejection at former support turned resistance
EUR / USD is trading close to 1.1685, which represents a 0.23% drop from Tuesday’s close. In the Asian session on Wednesday, the pair fell from 1.1771, which is the resistance of the uptrend line from the lows of September 28 and October 16. The setback came after the media projected Trump’s victory in the […]
Bulls Take Control Above $ 1,900 Ahead of US Elections
Gold continued to gain ground for a third straight session on Tuesday. The setup favors bullish traders and supports the prospects for additional earnings. Sustained advancement of an ascending trend line will negate the bullish bias. The oro It rose for the third straight session on Tuesday and built on its recent bounce from the […]
The bounce could extend to 123.60
EUR / JPY bounces off multi-week lows near 121.60. Higher up it is at the 100-day SMA around 123.60. EUR / JPY regains bullish pressure and advances sharply above the key barrier at 122.00 amid widespread sentiment of risk appetite in global markets. The continuation of this uptrend should hit the initial hurdle at the […]
The intermediate hurdle is at 1.1780
EUR / USD bounces off lows and recovers 1.1700 level The bounce could extend and revisit the 1.1780 area. EUR / USD bounces to fresh 3-day highs, above the 1.1700 level, amid a general softer tone around the US dollar. The pair needs to break out of this region to allow the bullish momentum to […]
Consolidates in a range around 74.50
USD / INR was seen consolidating its recent strong gains to multi-month highs. The setup favors bullish traders and supports the prospects for additional earnings. The pair USD/INR it consolidated its recent gains to the highest level since August 24 and balanced between tepid gains / minor losses, around 74.50 early in the American session. […]
Cautiously, about 1.1600
EUR / USD found support in the 1.1620 region so far. The probability of a deeper pullback remains intact. EUR / USD briefly fell to new lows near 1.1620 in the context of prevailing caution ahead of Tuesday’s US presidential election. Further losses appear likely in the very short term, with the next target at […]
