Technical analysis of Forex market

GBPJPY pulled back to test the support trendline at 161.00, which connects the lows from spring, after a failed attempt to pierce its 20- and 50-day simple moving averages (SMAs) ...

USDCAD shifted to the sidelines immediately after charting a new lower low at 1.2766 in the short-term picture, unable to reach the constraining 20-day simple moving average (SMA). The technical ...

The Euro started a fresh upward move above the 1.0165 zone against the US Dollar. The EUR/USD pair climbed above the 1.0220 resistance to move into a short-term bullish zone ...

Key Highlights USD/JPY started a recovery wave from the 130.40 zone. It is facing a major hurdle near 134.00 and 134.20 on the 4-hours chart. Crude oil price is gaining ...

WTI oil futures (September delivery) have been losing ground since early June when the price failed to surpass the 121.00 mark. Although a further decline had been rejected multiple times ...

CADJPY reversed from support level 102.00 Likely to rise to resistance level 105.00 CADJPY currency pair recently reversed up from the key support level 102.00 (former resistance from April, which ...

EURGBP is recovering from three-month lows after yesterday sinking to 0.8339, suggesting that a new support base has been formed around 0.8340. This level is above the 78.6% Fibonacci retracement ...

The commodity sector remains rather tense on Monday; Brent is trading at $102.75.Global geopolitics is what investors are focused on right now. Any complications in this area muddy the water ...

The Dow Jones 30 rallies over expectations of slowing inflation. The index has found support in the former supply zone around 31700, which indicates the bulls’ strong commitment in extending ...

The Euro started a fresh recovery wave above the 1.0150 zone against the US Dollar. The EUR/USD pair climbed above the 1.0180 resistance but it faced sellers. The pair faced ...

Silver reversed from support level 18.30 Likely to rise to resistance level 18.90 Silver earlier reversed up from the pivotal support level 18.30 (which has been steadily reversing the price ...

The US Dollar started a fresh increase after it tested the 135.60 zone against the Japanese Yen. The USD/JPY pair traded above the 136.20 level to move into a positive ...

EURCHF reversed from support area Likely to rise to resistance level 0.9940 EURCHF currency pair recently reversed up from the support zone located between the pivotal support 0.9820 (which stopped ...

Cable extends directionless mode into fourth straight day, trading between 10DMA (1.1923) which offers solid support and strong barriers at 1.20 zone (psychological / falling 20DMA / Fibo 38.2% of ...

The Euro started a recovery wave above the 1.0200 zone against the US Dollar. The EUR/USD pair climbed above the 1.0250 resistance but it faced sellers. The pair faced sellers ...

Cable continues to face strong headwinds at psychological 1.20 barrier for the third consecutive day and eases below 1.20 level after hitting a session high at 1.2037. Bulls already failed ...

GBPUSD is showing signs of being positive in the short run, after gaining ground on Thursday and breaking over its 28-month low of 1.1760. The technical indicators are pointing upwards ...

EURJPY reversed from support level 138.00 Likely to rise to resistance level 140.00 EURJPY currency pair recently reversed up with the Bullish Engulfing from the key support level 138.00, standing ...

The dollar index is trading just under new highest since Sep 2002, hit on Thursday’s acceleration above 109.00 mark. The greenback remains well supported by strong risk aversion on global ...

The Euro is hovering just above parity level for the third consecutive day, with this critical support being dented but bears were so far unable to break lower.Limited upticks show ...