EUR/USD Outlook: Bears on Hold and Looking for Fresh Signals
The pair holds in narrow consolidation above new two-week low as bears take a breather after 07% fall last week. Slight positive tone was boosted by weaker than expected US data on Monday, along with oversold daily stochastic and profit-taking....
GBPCAD Hovers Near 3-Month Low
GBPCAD plunged below the 50.0% Fibonacci retracement level of the upleg from 1.6590 to 1.7795 and the 200-day moving average. Currently, the price is developing beneath the Ichimoku cloud, while the 20- and 40-simple moving averages (SMAs) are turning lower....
GBP/USD And EUR/GBP: British Pound Sell-Off Continues
GBP/USD declined heavily below the 1.2900 and 1.2800 support levels to enter a bearish zone. EUR/GBP surged higher and settled above the 0.8680 and 0.8700 resistance levels. Important Takeaways for GBP/USD and EUR/GBP The British Pound started a strong downward...
EUR/GBP Sees Additional Price Strength On Bull Pressure
EURGBP sees additional price strength on bull pressure following its recent strength. On the downside, support stands at the 0.8700 level where a violation will turn focus to the 0.8650 level. A break below here will aim at the 0.8600...
GBPAUD Remains in Bearish Correction Despite Latest Pullback
GBPAUD is edging slightly higher after the pullback on the 23.6% Fibonacci retracement level of the upleg from 1.7220 to 1.8880 near 1.8485. The RSI is flattening around the neutral threshold of 50, while the stochastic oscillator is moving near...
EURUSD Await US Data
The euro is trading close to the worst levels of the week against the US dollar as traders await key macroeconomic data from the United States economy. A further bearish breakdown below the 1.1165 support level is likely to expose...
GBPUSD Probing Breakdown Support
The British pound remains extremely weak against the US dollar during, with the pair trading closer to an even larger technical breakdown. The GBPUSD pair offers only limited technical support if the 1.2772 is broken, with the 1.2660 level the...
EUR/USD Tests Short-Term Channel
During the previous trading session, the EUR/USD currency pair surpassed the weekly S1 at 1.1184. During Friday’s morning, the pair was testing the lower boundary of the short-term ascending channel at 1.1160. From a theoretical perspective, it is likely, that...
GBP/USD Likely To Maintain Its Decline
Yesterday, the GBP/USD exchange rate traded down and surpassed the psychological level at the 1.2800 mark. Given that the currency pair is pressured by the 55-hour moving average, currently located at 1.2834, it is expected, that bears could continue to...
USD/JPY Could Trade Sideways
On Thursday, the USD/JPY currency pair skyrocketed to the monthly S2 at the 109.97 mark. During Friday’s morning, the exchange rate was squeezed by 55-, 100– and 200-hour SMAs, currently located at 109.60 and 109.79 respectively. If the given moving...
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