Category: Technical Analysis

EUR/JPY Buying The Dips At The Blue Box

In this technical blog, we’re going to take a quick look at the Elliott Wave charts of EURJPY pair, published in the members area of the website. EURJPY is showing bullish sequences in the cycle from the 05/07 (114.474 ) low. As our members know, we’ve been calling rally in this forex pair. We recommended […]

EURCHF Eases after a Green Spike; Indicators are Mix

EURCHF quickly recovered yesterday’s losses after touching an eleven-week low of 1.0921. The rebound helped the currency to surpass the 20- and 40-period simple moving averages (SMAs) on the four-hour chart. The RSI jumped above the neutral threshold of 50 but it is currently pointing down, whereas the stochastic is moving towards the overbought region. In the positive scenario, […]

EUR/USD Retreats To SMA

During late Monday’s trading hours, the EUR/USD currency exchange rate declined to the support of the 55-hour simple moving average below the 1.2150 mark. On Tuesday, the currency exchange rate had recovered, as it once again approached the resistance of the 1.2175/1.2180 zone. In the case the rate passes the resistance of the 1.2175/1.2180 zone, […]

GBP/USD Reaches New High

The surge of the GBP/USD paused at the 1.4150 level during the second part of Monday’s trading hours. Since then, up to the middle of Tuesday’s trading, the rate had been fluctuating sideways below the mentioned round exchange rate mark. In the near term future, the rate could resume its surge due to the approaching […]

GOLD Consolidates Below 1,845.00

Since the Friday’s surge, the yellow metal’s price has been trading below the resistance of the 1,845.00 level. On Tuesday, the metal’s price was being approached from below by the 55-hour simple moving average. If the 55-hour simple moving average manages to provide enough support for the metal’s price to surge above the 1,845.00 level, […]

USD/JPY Remains Below 109.00 

After making three attempts to pass the 109.00 level, on Tuesday, the USD/JPY remained below this level. Due to the strength of the resistance of the 109.00 level and the additional strength of the 100 and 200-hour simple moving averages, the pair was expected to decline. A potential decline was most likely going to reach […]

The Analytical Overview Of The Main Currency Pairs

The EUR/USD currency pair Technical indicators of the currency pair: Prev Open: 1.2159Prev Close: 1.2127% chg. over the last day: -0.26% The EUR/USD currency pair was flat on Monday. Most of the time the price moved sideways and only at the end of the American session it went down, breaking through the support level of […]

GBP/USD Outlook: Bulls Hold Above 1.41, On Course For 1.42+ Extension

Cable is maintaining positive tone and consolidating under new 2 –1/2 month high (1.4158) following Monday’s 0.80% advance, sparked by talks about Scottish independence referendum story and weaker dollar after disappointing US jobs data. Expectations of the next phase of England’s lockdown easing which starts next week, further improves pound’s sentiment. Today’s action is holding […]