Blogs

<p>The common European currency has been declining in a descending channel pattern against the Australian Dollar since the middle of March. The currency pair breached the 50-, 100– and 200– hour SMAs during this period. Currently, the exchange rate is testing a support level formed by the weekly S1 at 1.6905. If the support level […]

<p>During the previous trading session, the EUR/USD currency pair revealed a rising wedge pattern. During Tuesday morning, the pair was trading near its lower line at 1.0920. From a theoretical perspective, it is likely that some upside potential could prevail in the market, and the exchange rate could reach the 1.0980 level. On the other [&h

<p>As apparent on the chart, the GBP/USD exchange rate has exceeded the 1.2500 level. During today’s morning, the rate was testing the resistance level—the weekly R1 at 1.2576. If the given resistance holds, it is likely that the currency pair could reverse south in the nearest future. In this case it is unlikely that the […]

<p>During the last trading days, the USD/JPY currency pair declined to the support level – the weekly S2 at 107.53. During Tuesday morning, the pair broke the given support. Given that the exchange rate is pressured by the 55-hour SMA near 108.00, it is likely that some downside potential could prevail in the market. Note […]

USD/JPY is trading below the main DMA (daily simple moving average) on the daily chart as the spot is nearing the April’s lows.

The EUR/USD pair spiked to 1.0984, reaching the highest in almost two weeks. It quickly pulled back to the 1.0970 area where it has been trading most

The NZD/USD pair advanced to its highest level since mid-March at 0.6131 during the Asian trading hours on Tuesday but failed to preserve its bullish

EUR/JPY consolidates the bear leg to the 2020 lows as the quote is trading below its main SMAs (simple moving averages) on the daily chart suggesting an overal

After hitting new seven-year highs, the gold price has continued advancing and has topped $1,730. What are the next targets for precious metal? The Fe

The EUR/GBP cross struggled to capitalize on its attempted recovery move from sub-0.8700 levels and remained well within the striking distance of five