The USD/CHF on the hourly time frame has been following an uptrend recently. The price jumped above the key level of 0.99500 on 25 October to reach the highest level of period under study at 0.99607. Bulls are pushing the price higher as key technical indicators are supporting the bullish trend. The price action in the currency pair is mainly driven by the recent...
The EUR/GBP currency pair, on the H4 time-frame, was in a downward move until the 22nd of October when a bottom was recorded at 0.85770. Buyers then started finding the price attractive. After the bottom at 0.85770 the price broke through the 15 and 34 Simple Moving Averages, the Momentum Oscillator breached the zero baseline into bullish terrain and a...
The EUR/CAD on the hourly time frame has been following a downtrend recently. The price dipped below the key level of 1.46000 on 22 October to reach the lowest level of period under study at 1.45073. Bears are pushing the price lower as key technical indicators are supporting the bearish trend. The price action in the currency pair is mainly driven by the recent...
The USD/CAD on the hourly time frame has been following a downtrend recently. The price dipped below the key level of 1.30700 on 23 October to reach the lowest level of period under study at 1.30691. Bears are pushing the price lower as key technical indicators are supporting the bearish trend. The price action in the currency pair is mainly driven by the recent...
The AUD/NZD on the hourly time frame has been following a downtrend recently. The price dipped below the key level of 1.07000 on 22 October to reach the lowest level of period under study at 1.06818. Bears are pushing the price lower as key technical indicators are supporting the bearish trend. The price action in the currency pair is mainly driven by the recent...
Yesterday a scenario was discussed where sellers might be beginning to apply downward pressure to the USD/JPY currency pair. Bulls tried to counter but could not overwhelm the bears and it seems the downward pressure is resuming. The scenario thus stands as still a possibility with the resistance confirmed almost exactly where it was anticipated. Only small...
The EUR/GBP on the hourly time frame has been following a downtrend recently. The price dipped below the key level of 0.86000 on 17 October to reach the lowest level of period under study at 0.85760. Bears are pushing the price lower as key technical indicators are supporting the bearish trend. The price action in the currency pair is mainly driven by the recent...
The USD/JPY currency pair, on the H4 time-frame, was in an upward move until 17th of October when a higher top was recorded at 108.941. Supply overwhelmed demand and the upward move was negated. A closer look revealed that the Momentum Oscillator displayed negative divergence between point a and b compared to the price at 108.888 and 108.941. This could have...
The USD/CAD on the hourly time frame has been following a downtrend recently. The price dipped below the key level of 1.31300 on 18 October to reach the lowest level of period under study at 1.31181. Bears are pushing the price lower as key technical indicators are supporting the bearish trend. The price action in the currency pair is mainly driven by the recent...
On the 2nd of October a possible bearish opportunity was discussed in the Gold Market. Although the bears were not able to overwhelm the bulls and the market drifted sideways for a time, the price is still below the 15 and 34 Simple Moving Average and this indicates that there might be a negative outlook. The result is that the scenario as discussed below is...
The USD/CHF on the hourly time frame has been following a downtrend recently. The price dipped below the key level of 0.99000 on 17 October to reach the lowest level of period under study at 0.98659. Bears are pushing the price lower as key technical indicators are supporting the bearish trend. The price action in the currency pair is mainly driven by the recent...
The AUD/USD currency pair, on the D1 time-frame, was in a downward move until the 2nd of October when a lower bottom was recorded at 0.66710. Demand then started to overcome supply. After the lower bottom at 0.66710 the price broke through the 15 and 34 Simple Moving Averages and the Momentum Oscillator broke through the zero baseline into bullish terrain. This...
The USD/JPY on the hourly time frame has been following an uptrend recently. The price jumped above the key level of 108.500 on 15 October to reach the highest level of period under study at 108.910. Bulls are pushing the price higher as key technical indicators are supporting the bullish trend. The price action in the currency pair is mainly driven by the recent...
The USD/ZAR currency pair, on the D1 time-frame, was in an upward move until the 2nd of October when a higher top was recorded at 15.39964. Supply pressure overcame demand pressure as the sellers started to find the price attractive. After the high at 15.39964, the price broke through the 15 and 34 Simple Moving Averages with a Three Black Crows Candle Pattern...
The EUR/CHF on the hourly time frame has been following an uptrend recently. The price jumped above the key level of 1.10000 on 11 October to reach the highest level of period under study at 1.10388. Bulls are pushing the price higher as key technical indicators are supporting the bullish trend. The price action in the currency pair is mainly driven by the recent...
The GBP/JPY currency pair on the hourly time frame has been following an uptrend recently. The price jumped above 137.000 on 11 October to reach the highest level of period under study at 137.956. Bulls are pushing the price higher as key technical indicators are supporting the bullish trend. The price action in the currency pair is mainly driven by the recent...
The EUR/USD currency pair, on the H4 time-frame, was in a downtrend until the 1st of October when a lower bottom was recorded at 1.08792. Demand overcame supply and the prices started rising. A closer look revealed that the Momentum Oscillator displayed positive divergence between point a and b compared to the price at 1.09260 and 1.08792. This could have...
The GBP/USD currency pair on the hourly time frame has been following an uptrend recently. The price jumped above 1.27000 on 11 October to reach the highest level of period under study at 1.27106. Bulls are pushing the price higher as key technical indicators are supporting the bullish trend. The price action in the currency pair is mainly driven by the recent...