Technical analysis of Forex market

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 ...
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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 ...
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USD/JPY Analysis: Pressured By 55-Hour SMA

On Thursday, the USD/JPY currency pair traded sideways around the 107.50 level. During today’s morning, the pair maintained its consolidation. Given that the exchange rate is pressured by the 55-hour ...
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XAU/USD Analysis: Supported By Moving Averages

Yesterday, the XAU/USD exchange rate re-tested the 1,760.00 level. During Friday morning, the rate was testing the support formed by the 55– and 100-hour SMAs near 1,775.00. If the given ...
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Market Morning Briefing: Aussie Is Stable Near Current Levels

STOCKS Shanghai has surged further to reach our target much faster than expected. Better than expected manufacturing data release and a rate cut from the central bank are boosting the ...
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WTI Oil Outlook: WTI is on Track to Form the Third Straight Doji as Conflicting Signals Keep Near-Term Action Directionless

WTI continues to trade around $40 handle on Thursday, extending narrow-range movements into third straight day and on track to leave third consecutive daily Doji candle. Conflicting signals keep oil ...
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EURJPY Cautiously Positive Above SMAs

EURJPY appears somewhat optimistic despite the recent consolidation in price above the 200-period simple moving average (SMA). Positive signals include the price having moved above the SMAs and the Ichimoku ...
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Technical alerts on USD/JPY and EUR/JPY

Using the “technical Insight” research tool under the Market Analysis tab, we have identified bullish technical events on the USD/JPY and EUR/USD Both currency pairs confirmed a moving average crossover ...
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USD/JPY Outlook: Strong Bearish Acceleration after Bulls Got Trapped is Generating Negative Signal

The pair fell sharply on Wednesday after attempts to extend five-day rally were strongly rejected and bulls got trapped above daily Kijun-sen/50% retracement of 109.85/106.07 fall (107.96). Fresh weakness is ...
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GBP/USD Outlook: The Pair Broke The 1.2320 Resistance Level To Move Into A Short Term Positive Zone

The British Pound started a decent upward move from the 1.2250 support area against the US Dollar. The GBP/USD pair broke the 1.2320 resistance level to move into a short ...
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GBP/USD Outlook: Downbeat Economic Data and Weakening Risk Mode Maintain Pressure on Sterling

Cable remains firmly in red for the third straight day and pressures pivotal support at 1.2250 (Fibo 76.4% of 1.2074/1.2813/Monday’s low, the lowest in one month). Fresh weakness probes again ...
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