USDJPY Wathing Bearish Divergence
The US dollar continues to trade towards the 114.00 level against the Japanese yen as the US dollar index climbs towards it’s highest trading level in nearly three weeks. Bearish MACD divergence can be seen on the lower time frames...
GBPUSD Intraday Bearish Below 1.3054
The British pound remains under downside pressure against the greenback on the first trading day of the month, with ongoing Brexit concerns and US dollar strength weighing on sterling. Sellers continue to look for a sustained break of the 1.3000...
USDCAD Outlook: Loonie Advances after Better than Expected Canada GDP Data
The USDCAD accelerated lower and broke below 1.30 support on Friday after data showed Canada’s economy expanded more than expected (July GDP 0.2% vs 0.1% f/c and 0.0% in June), supporting expectations for BoC’s rate hike next month. Fresh bearish...
GBPUSD – Faces Bear Pressure, Targets 1.3000 Zone
GBPUSD – faces bear pressure as it weakens further on the back of its Thursday sell off. Resistance stands at the 1.3100 with a turn above here allowing for more strength to build up towards the 1.3150 level. Further out,...
EURUSD Outlook: Bears Extend Despite Positive German/EU Data
The pair dips below 1.16 handle in extension of previous day’s strong fall, after brief consolidation in early Friday’s trading was capped by broken falling 10SMA (1.1651). Fresh bears broke below 1.1594 (Fibo 76.4%) and pressure daily cloud top (1.1574)...
EURUSD Bears Targeting 1.1600 Level
The euro has continued to weaken against the US dollar during the European trading session, with price moving closer to the 1.1600 support level. A break below the 1.1600 support level exposes further losses towards the current monthly trading low,...
GBPUSD Former Weekly Low In Focus
The British pound has come under a fresh round of selling pressure against the greenback, as the US dollar Index continues to trade higher. The former weekly trading low is now in focus, at 1.3054, as the GBPUSD pair softens...
NZD/USD Moving Towards Support Level At 0.6583
The New Zealand Dollar has depreciated significantly against the US Dollar since the beginning of this week. The currency pair has lost about 1.47% of its values. The exchange rate dashed through a support cluster formed by the 200-hour simple...
USD/CAD Breaches 61.80% Fibo
The Canadian Dollar depreciated about 0.94% against the US Dollar on Thursday. The exchange rate made bounced off a support cluster formed by the weekly PP and the 50-hour simple moving average at 1.2955 during the first part of yesterday’s...
AUD/USD Bounces Off Support
The US Dollar appreciated by 65 pips against the Australian Dollar on Thursday. The pair reversed from a resistance level formed by the 100-hour SMA at 0.7260 and had since reached the bottom border of an ascending channel pattern. As...
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