Category: Technical Analysis

AUD/USD Analysis: Likely To Maintain Channel

The Australian Dollar declined by 38 points or 0.55% against the US Dollar on Thursday. The decline was stopped by the 50– hour simple moving average during yesterday’s trading session. Everything being equal, the currency pair will most likely continue to trade in the ascending channel pattern. The possible target for bullish traders would be […]

EUR/JPY Analysis: Decline Could Continue

The Eurozone single currency has declined by 65 points or 0.53% against the Japanese Yen since yesterday’s trading session. The currency pair breached the 50– and 100– hour SMAs on Thursday. As for the near future, the EUR/JPY exchange rate could continue to decline. A breakout through the lower boundary of an ascending channel pattern […]

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 support holds, it is likely that some upside potential could occur, and the price for gold could target the psychological level at 1,790.00. On the […]

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 moving average near 107.50, it is likely that some downside potential could prevail in the market. In this case the rate could target the support […]

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 likely that some downside potential could prevail in the market. In this case the currency pair could decline to the psychological level at 1.2350. Meanwhile, […]

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 in the market, as the exchange rate is pressured by the 55-, 100– and 200-hour SMAs, as well the weekly and monthly PPs in the […]

US 30 Index Attempts To Keep Recent Gains Intact

US 30 stock index (Cash) is resting on the 100-period simple moving average (SMA) at 25,790, merged with the upper surface of the Ichimoku cloud and finding further support from the positively charged 200-period SMA just beneath, at 25,746. At the glance it seems this mostly neutral picture that has taken over the last weeks […]