EUR / JPY is moving to multi-day highs and flirts with the 124.00 level. The next resistance on the upside is the 125.00 level. EUR / JPY rebounds sharply and picks up buying interest thanks to improved risk appetite. If buying pressure gains additional traction, then the cross is expected to hit the next relevant […]
Tag: Technical analysis
Struggle near the 100-day SMA, around the 0.9030 region
EUR / GBP extends Friday’s rejection drop from bearish channel resistance of over a month. The bears could now aim to test major support near the key psychological level 0.9000. A sustained force above the 0.9100 level will now be seen as a new trigger for the bulls. The EUR / GBP cross witnessed a […]
The path of least resistance is to the downside
USD / CAD is targeting a breakout of the ascending triangle on the 15-minute chart. The pair is moving below all key simple moving averages. The RSI is pointing lower, below the 50.00 level. USD / CAD has recovered slightly from a drop to the weekly lows of 1.3169, but the outlook does not look […]
Bulls target 1.3000 amid bullish technical setup
GBP / USD bulls are hopeful amid a technical breakout and a bullish RSI. A sustained move over 1.2960 is needed to target 1.3000. Brexit negotiations will focus investors’ attention on Monday. GBP / USD is building on Friday’s strong recovery from levels below 1.2900 as the bulls hold out hope for some positive developments […]
The Australian dollar was capped below previous support at 0.7095
AUD / USD recovery attempt has been capped just below 0.7100 The previous support level changed the resistance and the 50 hourly simple moving average (SMA) is limiting upside attempts. On the downside, the 0.7055 level is supporting the pair. The Australian dollar has fallen nearly 2% this week weighed down by the strength of […]
EUR / GBP Price Analysis: Bulls expect a sustained move above the downtrend channel
EUR / GBP gained traction for the second session in a row and moved further away from 0.9000. The technical setup supports the prospects for a bullish breakout via a downtrend channel. Any significant drop below the 0.9070 support could be seen as a buying opportunity near the 100 DMA. The crossing EUR/GBP it gained […]
Is XAG / USD preparing for a rally towards the $ 26 level?
Silver bulls are picking up pace ahead of the next move up. XAG / USD has achieved a descending wedge breakout on the 1 hour chart. The 100 hourly SMA offers immediate resistance, with a bullish RSI. Silver (XAG / USD) is testing the resistance of the downward sloping 100 hourly moving average at $ […]
Drop to 122.40 is now within the means
EUR / JPY extends lower to the 123.00 area. The risks of a deeper pullback are there, dominating the landscape. EUR / JPY accelerated lower and fell again on Friday. So far, the cross has managed well to find support near the 120.00 area. If the bearish tone intensifies, then the EUR / JPY is […]
Short-term support line holds lows for now
EUR / USD is in containment just below 1.17 so far this week. The next down is the September low near 1.1600. EUR / USD remains under pressure, although it has managed well so far to keep the euro contained around 1.1690, where the immediate support line is located (from 2020 highs beyond 1.20). Corrective […]
Bullish momentum misses 94.00 moment
The DXY rally meets a stiff barrier just below the 94.00 mark. The next relevant resistance emerges near 94.80. After bottoming out at the 93.00 zone earlier in the week, the US Dollar Index (DXY) regained its composure and managed to visit the 93.80 / 90 band. The six-month resistance line in this area remains […]