GBP / JPY attracts some lower level buying and returns to the 137.00 zone. The setup favors the bulls and supports the prospects for additional intraday gains. After showing some resistance below the 100 hourly SMA, the GBP / JPY cross has regained positive traction and has risen near the 137.00 region during the European […]
Tag: Technical analysis
Next resistance is at 125.00
EUR / JPY continues to push higher and extends the bounce further. The intermediate hurdle is at the 55-day SMA near 124.70. The EUR / JPY cross extends the bounce from last week’s lows, near the 123.00 level, due to improving risk appetite sentiment. If the buying pressure gains additional traction, the cross is expected […]
XAU / USD remains within the familiar range near the $ 1,900 level
Gold remains trapped within a tight range around the $ 1,900 level. The three-week uptrend line limits the immediate decline. The 200-period SMA and monthly resistance line will test the bulls. Gold prices remain trapped within a tight range around the $ 1,900 level at the start of the European session on Tuesday. In doing […]
Risks seem skewed to the downside amid Brexit concerns
GBP / USD continues to face resistance at the 100 hourly SMA. A possible bearish flag is drawn on the 1 hour chart. The UK says no to more trade talks with the EU. Fears of a no-deal Brexit persist. GBP / USD is in a consolidation phase to the downside early in the European […]
Targets higher after bearish channel breakout on daily chart
The EUR / GBP daily chart shows a bullish reversal pattern. Key indicators favor an extension of Monday’s gains. EUR / GBP broke a five-week bearish channel on Monday, confirming the end of the decline from the 9/11 high of 0.9292 and a further turn to the upside. The breakout of the downtrend line represented […]
XAU / USD remains capped below the $ 1,900 area
The recovery for gold remains limited below the $ 1,900 area. XAU / USD has been fueled by USD weakness with a rebound in risk appetite.Gold futures have opened the week on a positive note, helped by a slightly lower US dollar amid a more optimistic market environment. The yellow metal has bounced to a […]
At monthly lows, test levels below 1.0700
The kiwi extends the rally after the elections in New Zealand, registering the seventh consecutive daily gain against the Australian dollar. Consolidation below 1.0700 to clear the way to 1.0630. The AUD / NZD pair found no support and broke below 1.0700, opening the doors for further losses. The next target on the downside is […]
Strong intraday positive movement stops below a downtrend line
GBP / USD catches some aggressive buying on Monday and surpasses the 1.3000 psychological level. The technical setup favors the bulls, although it warrants some caution before opening new positions. A sustained move above a one-week downtrend line is needed to confirm any further gains. The GBP / USD pair has extended its strong gains […]
More hikes now point to 1.1830
EUR / USD regains buying interest at the 1.1700 zone. More raises now point to the area of ​​recent highs around 1.1830. EUR / USD is trading a long way from the key 1.18 barrier, which follows a recent drop to the 1.1690 / 80 band, where solid containment appears to have emerged. If the […]
Next bearish target is at 93.00
The DXY loses momentum quickly and falls to lows in several days. The next significant support is around the 93.00 area. After another failure of the tough six-month resistance line at the 93.80 / 90 band, the US Dollar Index (DXY) had a downward correction to the 93.20 region so far, to lows at six […]
