EUR/USD Pair Is Supported Above 1.1825 And The 50 Hourly SMA
The Euro gained pace above the 1.1850 resistance level against the US Dollar. EUR/USD even surged towards the 1.1900 level on FXOpen, where sellers emerged. A high was formed near 1.1916 and the pair started a fresh decline. There was...
XAU/USD Analysis: Tests 200-Hour SMA
Yesterday, the XAU/USD exchange rate jumped to the 1,965.00 level. During Friday morning, the rate was testing the support provided by the 55-, 100– and 200-hour SMAs in the 1,940.00 area. If the given support holds, it is likely that...
USD/JPY Analysis: Supported By Moving Averages
On Thursday, the USD/JPY currency pair appreciated slightly. During today’s morning, the pair was testing the 106.25 mark. It is likely that some upside potential could prevail in the market, as the exchange rate could gain support from the 55-,...
GBP/USD Analysis: Dropped To 1.2800
Yesterday, the GBP/USD exchange rate dropped to the 1.2800 level. Given that the currency pair is pressured by the 55-hour moving average near 1.2920, it is likely that some downside potential could prevail in the market. Note that the pair...
EUR/USD Analysis: Touched 1.1900
On Thursday, the EUR/USD currency pair jumped to 1.1900 and reversed south. During today’s morning, the pair was testing the monthly PP at 1.1867. It is likely that the exchange rate could gain support from the 55– and 100-hour SMAs...
NZD/JPY 4H Chart: Buying Signals
The New Zealand Dollar has declined by 190 pips or 2.63% against the Japanese Yen since the beginning of September. The currency pair tested the lower boundary of an ascending channel pattern at 70.00 on September 10. The exchange rate...
NZD/CAD 4H Chart: Could Break Channel
The New Zealand Dollar has been trading in an ascending channel pattern against the Canadian Dollar since the middle of August. The currency pair tested the 0.8850 level last week. All things being equal, the exchange rate could continue to...
Rise Of US Index Futures Drags Asia Up
US index futures have risen strongly in Asian trading this morning, which has quickly reversed the negative starts for the region after Wall Street finished lower overnight. Overnight the S&P 500 fell 1.77%, the Nasdaq fell by 1.99%, and the...
GBPJPY Locates Foothold, Stalling Sell-Off At 100-Day SMA
GBPJPY has discovered strong support from the 100-day simple moving average (SMA) of 135.54, located at the Ichimoku cloud’s lower boundary. The falling Ichimoku lines are backing the plunge in the price, while the 50- and 100-day SMAs aim to...
Euro Rebound Fades Quickly, Sterling Decline Continues
Sterling weakness remains the unified theme in the markets this week. The Pound remain under pressure in Asian session today while recovery attempt was brief and weak. As for the week, Canadian Dollar is currently the second weakest, in tandem...
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