GBP / USD bounces rapidly from the confluence support at 1.2860-55. Mixed technical indicators warrant some caution for bull traders. The pair GBP/USD managed to bounce around 45 pips from the daily lows and updated the session highs, around the 1.2940 region in the last hour. The intraday decline stalled near the confluence support at […]
Tag: Technical analysis
USD / CAD extends decline below 1.3300 to five-day lows
USD / CAD failed again at 1.3350 and reversed direction. Rise in stocks weakened the dollar, DXY testing levels below 94.00. Oil cuts losses and WTI is approaching 36.00. USD / CAD extended the pullback and fell below 1.3275 to 1.3256, the lowest level since last Wednesday. The price remains in the area of ​​the […]
200-day median offers support
EUR / JPY finds support at the 121.60 area. Lower down is the 200-day SMA around 121.15. The bearish tone of the EUR / JPY appears to have found significant containment at the 121.60 region. The probability of further losses remains at levels of consideration. The initial target is at the 200-day SMA at the […]
Higher up is the band 94.70 / 75
The DXY lost momentum after hitting the 94.30 area. In case of extending the raises, you could visit the 94.70 / 75 band. The US Dollar Index briefly tested the 100-day SMA at the 94.30 area early Monday, although the move later petered out. Higher up emerges the September peak at 94.74, although some consolidation […]
Struggle with the 21-hour SMA on its way to recovery from 5-month lows
WTI struggles to close the bearish opening gap. A firm breakout above the 21-hour SMA is critical for the bulls. US oil remains vulnerable amid demand and election concerns. WTI (NYMEX futures) is attempting a tepid recovery from the five-month lows of $ 33.85 reached early in the Asian session on Monday, as the bulls […]
XAG / USD experiences a strong rally after testing the $ 23 level
XAG / USD has reversed its direction after falling to a monthly low on Thursday. A daily close above the 100-day SMA could open the door for additional gains. The $ 23 level is the critical technical support for silver. After suffering heavy losses on Wednesday, XAG / USD extended its decline on Thursday and […]
100-day moving average offer support
EUR / USD finds initial support at the 1.1650 region. Bets on a deeper pullback continue to pick up pace. The EUR / USD navigates through the zone of monthly lows in the 1.1650 area, always under pressure amid a context of risk aversion. A continuation of the downtrend seems likely in the very short […]
Intermediate resistance emerges in the band 94.20 / 30
The DXY leaves the area of ​​Thursday’s highs, reached above 94.00. Focus now shifts to 94.20 / 30 in the very short term. The US Dollar Index (DXY) comes under slight downward pressure after hitting fresh monthly highs above the key barrier at 94.00 on Thursday. Further up, the price would point to the 94.20 […]
Bears flirt with descending triangle support, around 0.9000 level
EUR / GBP is witnessing some selling on Friday and falls to the 0.9000 support zone. The formation of a descending triangle and bearish oscillators support the prospects for a further decline. The EUR / GBP cross has struggled to capitalize on its positive intraday movement and has encountered further selling near resistance marked by […]
Betting on the upside for a move to the 200-day mean
EUR / JPY extends the slide and breaks below the 122.00 support. Lower, the 200-day moving average emerges around 121.10. Bearish momentum over EUR / JPY took an extra pace on Thursday and led to a break below key support at 122.00, hitting a three-month lows. Therefore, more falls are within the favorable scenario and […]
