Technical Analysis
AUD/USD breakout occurs
Tue, 18 May 2021 09:51:55 +0000
The Australian Dollar has surged by 62 pips or 0.80% against the US Dollar since yesterday's trading session. A breakout occurred through the upper boundary of a descending channel pattern >>
Gold reaches above 1,870.00
Tue, 18 May 2021 09:50:13 +0000
The yellow metal's price has reached above the 1,870.00 level. Note that the surge occurred faster than expected, as the rate even broke the narrow channel up pattern, which had >>
USD/JPY breaks pattern
Tue, 18 May 2021 09:42:33 +0000
On Tuesday morning, the USD/JPY currency exchange rate plummeted, as the rate passed the support of the 109.00 level. Moreover, the pair broke the channel down pattern, which guided the >>
GBP/USD reaches above 1.4200
Tue, 18 May 2021 09:32:48 +0000
On Tuesday, the GBP/USD passed the resistance zone near 1.4160, the weekly R1 simple pivot point at 1.4181 and the 1.4200 mark. In the near term future, the currency exchange >>
EUR/USD breaks resistance
Tue, 18 May 2021 09:21:23 +0000
On Tuesday morning, the EUR/USD currency exchange rate broke the resistance of the 1.2175/1.2180 zone. It was followed up by an immediate passing of the resistance of the weekly >>
USD/CAD pressured by 50– hour SMA
Tue, 18 May 2021 07:53:45 +0000
The US Dollar has declined by 114 pips or 0.94% against the Canadian Dollar since Monday's trading session. The currency pair breached the support level at 1.2068 on Monday. >>
GBP/JPY breaks significant resistance line
Tue, 18 May 2021 07:09:40 +0000
The Pound Sterling surged by 84 pips or 0.55% against the Japanese Yen on Monday. The currency pair breached a significant resistance level at 154.30 during Monday's trading session. >>
EUR/JPY supported by 50– hour SMA
Tue, 18 May 2021 06:09:00 +0000
The common European currency declined by 41 pips or 0.31% against the Japanese Yen on Monday. The decline was stopped by the 50– hour simple moving average during yesterday's trading >>
USD/JPY declines more than expected
Mon, 17 May 2021 13:38:43 +0000
Two recent low levels booked by the USD/JPY currency exchange rate have revealed that the lower trend line of the channel down pattern is located at a different level. However, >>
Gold extends surge
Mon, 17 May 2021 12:58:14 +0000
The yellow metal's price has continued to surge in the channel up pattern. Moreover, it made attempts at passing the resistance line of the pattern. However, on Monday, the metal >>
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