The Aussie falls sharply across the board on expectations of the RBA rate cut. AUD / NZD finds support around 1.0700 and bounces to 1.0740. The AUD / NZD is falling for the fifth day in a row. It accelerated during the Asian session on rising expectations of rate cuts from the Reserve Bank of […]
Tag: Technical analysis
Recovers from lows, still negative just above 136.00 level
GBP / JPY witnessed some new selling on Thursday and fell back near two-week lows. The lack of a solid continuation sell warrants some caution for aggressive bears. The GBP / JPY cross has continued to lose ground during the start of the American session on Thursday and has fallen below the 136.00 level, again […]
USD / CAD Price Analysis: Rises to New Weekly Highs Above 1.3200 Level
USD / CAD gains traction for the third day in a row on Thursday. Mixed technical indicators warrant caution before opening new bullish positions. A sustained weakness below the 1.3170 support will negate any positive bias. The USD / CAD pair has extended its recent rebound from the 1.3100 level, at a month-long lows, and […]
NZD / USD Price Analysis: Falls to new weekly lows below 0.6600 level
A strong pickup in USD demand puts heavy pressure on the NZD / USD. A sustained break below the 200 hourly SMA has been considered a key trigger for bears. The pair now looks vulnerable to retesting the monthly lows, around 0.6550. The NZD / USD pair witnessed strong selling on Thursday and extended the […]
EUR / USD Price Analysis: A drop to 1.1612 looming
EUR / USD extends the slide and tests the 1.17 level. The next support is the September low near 1.1600. The EUR / USD continues to weaken and tests the monthly lows zone around the 1.1700 round level on Thursday. The corrective downside appears quite firm and a deeper pullback is not ruled out on […]
US Dollar Index DXY Price Analysis: Rebound May Tough Around 94.00 Level
The DXY index rally remains strong and is approaching the 93.80 area. The resistance line near 93.80 appears as a minor obstacle. After bottoming out near the 93.00 region earlier in the week, the DXY index has regained some buying interest and is now testing the upper end of the range near the 93.80 level. […]
USD / CAD Price Analysis: Still heading lower despite rising to 1.3165
Loonie hits daily lows against the dollar, but remains under control. The USD / CAD maintains a bearish bias despite having risen for two consecutive days. He USD / CAD it is rising for the second day in a row, but it is still trading much lower compared to the level it was a week […]
GBP / JPY Price Analysis: Recovers and returns to break point of rising trend line support
The GBP / JPY cross witnessed a dramatic intraday shift from two-week lows. The overnight break below a trend line support warrants a warning for the bulls. The crossing GBP/JPY It built on its strong intraday recovery move from nearly two-week lows and updated daily highs, around 137.25-30 in the last hour. The cross has […]
EUR / GBP Price Analysis: Looks vulnerable near the 100 DMA, around the 0.9020 region
EUR / GBP witnessed a radical intraday shift from a month-old downtrend line. The setup favors bearish traders and supports the prospects for a further short-term depreciation move. Only a sustained move past the aforementioned trend line resistance will nullify the negative outlook. The crossing EUR/GBP it extended its strong intraday retracement from the weekly […]
EUR / USD Price Analysis: Another visit to 1.1700 not ruled out
EUR / USD bounces away from lows near the 1.1720 region on Wednesday. The next key area in dispute arises in the neighborhood of 1.1700. After a dip to multi-day lows at the 1.1720 / 15 zone earlier in the session, the EUR/USD it has managed to return to positive territory near 1.1770 at the […]