NZD/USD Anlaysis: Tests Weekly R1
The New Zealand Dollar surged by 41 pips or 0.63% against the US Dollar on Monday. The currency pair tested the weekly resistance level at 0.6579 during yesterday’s trading session. Everything being equal, the NZD/USD exchange rate could continue to...
JP 225 Index Maintains Horizontal Mode
JP 225 stock index (Cash) appears may prolong its sideways crawl as the price stalled underneath the 22,825 upper bound of the range. Although the price found some footing on the 200-period simple moving average (SMA), the Ichimoku lines, the...
CADJPY Recovers Some Losses with Weak Momentum
CADJPY is in the process to recover some of its aggressive losses that posted at the beginning of the previous month. The 50-day simple moving average (SMA) acted as a crucial support level for the price, while the RSI and...
USD/CHF: The Downside Prevails
Pivot (invalidation): 0.9450 Our preference Short positions below 0.9450 with targets at 0.9420 & 0.9405 in extension. Alternative scenario Above 0.9450 look for further upside with 0.9470 & 0.9490 as targets. – advertisement – Comment The RSI calls for a...
US 30 Index Attempts To Keep Recent Gains Intact
US 30 stock index (Cash) is resting on the 100-period simple moving average (SMA) at 25,790, merged with the upper surface of the Ichimoku cloud and finding further support from the positively charged 200-period SMA just beneath, at 25,746. At...
GBPUSD Holds Inside Ichimoku Cloud After Bullish Cross Within SMAs
Technical Analysis – GBPUSD holds inside Ichimoku cloud after bullish cross within SMAsGBPUSD advanced above the falling trend line, that had been holding since June 10, and entered the Ichimoku cloud. Currently, the RSI is flattening above its 50 neutral...
Silver Bulls Meet Long-Term Trendline, But Not Ready Yet To Give Up
Silver attempted to break the upper border of the neutral zone it has been ranging within this week, but its efforts proved unsuccessful as the trendline joining the peaks from September 2019 defended the bears once again at 18.42. Hence,...
USD/JPY Outlook: Bull-Trap And Bearish Engulfing Weigh But Neutral Tone Dominates On Friday
The pair is holding within a narrow range on Friday, partially on low volumes due to US holiday and partially on conflicting signals that caused Thursday’s action to end in long-legged Doji, signaling strong indecision. Risk sentiment boost from solid...
EUR/USD Analysis: Declined To 1.1230
On Thursday, the EUR/USD currency pair declined to the 1.1230 level. During today’s morning, the pair was testing the given mark. It is likely that some downside potential could prevail in the market, as the exchange rate is pressured by...
GBP/USD Analysis: Revealed Medium-Term Channel
Yesterday, the GBP/USD exchange rate revealed corrected medium-term descending channel. During Friday morning, the rate was testing the 55-hour SMA near 1.2460. From a theoretical point of view, it is likely that some downside potential could prevail in the market....
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