GBP/USD Analysis: Is Pushed By 200-Hour SMA
On Friday, the GBP/USD currency exchange rate declined. The decline started on Thursday when the Bank of England caused surge ended at the 200-hour simple moving average at the 1.3750 level. If the rate continues to decline, it would most...
USD/JPY Analysis: Reaches Above 110.50
On Friday, the USD/JPY currency exchange rate passed the resistance of the 110.40 level, which was strengthened by the weekly R1 simple pivot point. Moreover, the rate reached above the 110.50 mark. In the near term future, the pair could...
GBPJPY Makes Slight Headways From Bottom Of Range
GBPJPY has pushed higher off a two-month low of 148.94 and is finding some difficulty in extending the move far above the 150.00 mark. The bearish simple moving averages (SMAs) are endorsing the decline from the 152.84 peak, while the...
AUDUSD Resilient Above 0.7230, But Still Under Bearish Risk
AUDUSD was unsuccessful in piercing the 0.7300 level late on Wednesday but resilient enough to hold above the familiar base of 0.7230, where the bulls found some footing in the last week of August and market actions paused in the...
WTI Futures Holds A Bullish Bias But Strong Resistance Awaits Near 73.00
WTI futures are climbing above the Ichimoku cloud and the bullish crossover within the 20- and 40-day simple moving averages (SMAs), challenging again the previous days’ high of 72.86.According to the technical indicators, the MACD is overcoming its trigger line...
Gold – Is it Still a Flight to Safety?
On Monday, majority US equity indices were hit hard, with their biggest one-day selloff in months. The S&P 500 closed -73.50 on the day, the Dow Jones Industrials were -614, and the NASDAQ 100 was -316.50. All broke through key...
USD/CAD Ascending Channel But The Price Is Ranging
The USD/CAD is currently ranging within an ascending channel. We could see a dip then a move up. The POC zone comes around 1.2650 and we could see a move to the upside. However, watch for the FOMC today. If...
USD/CAD Uptrend Likely To Continue
On Tuesday, the US Dollar surged by 84 pips or 0.66% against the Canadian Dollar. The currency pair breached the upper line of an ascending channel pattern at 1.2850 during Tuesday’s trading session. As for the near future, the exchange...
USD/ZAR Bearish SHS Pattern Formation
The USD/ZAR has made a bearish SHS formation. We should see a move down. MH3 is the right shoulder of the bearish formation. We can see the pin bar rejection at the M H3. The shooting star is the signal...
GBPUSD Slips To One-Month Low, Bias Bearish
GBPUSD retraced to an almost one-month low of 1.3640 on Monday after a multi-day battle with the 200-day simple moving average (SMA) and the 1.3840 barrier, where a dashed resistance trendline also happens to be. The pair is currently trying...