The EUR/JPY on the 4-hour time frame has been following a downtrend recently. The price dipped below 116.800 on 30 August to register the lowest level of period under study at 116.411. Bears are pushing the price lower as key technical indicators are supporting the bearish trend. The price action in the EUR/JPY is mainly driven by the weakness in the Euro. As of...
The Gold market, on the H4 time-frame, was in a longer term upward move until 25th of August when a higher top was recorded at 1555.182. Supply pressure overwhelmed the demand in the market as sellers started to find the price attractive, causing the upward momentum to be disturbed. After the high at 1555.182, a Strong Bearish Candle broke through the 15 and 34...
Crude Oil on the 4 Hours Chart has been in an uptrend since 25 August 2019 when it registered the low price at 52.995. Subsequently, the price displayed a series of higher tops and higher bottoms. On 29 August 2019, Crude Oil recorded the high price of 56.916. Applying Oscillator Analysis on the price chart, one can notice that price is trading above the SMA 60...
The XAGUSD on the 4-hour time frame has been following an uptrend recently. The price broke above 18.05000 on 27 August to register the highest level of period under study at 18.66890 on 29 August. Bulls are pushing the price higher as key technical indicators are supporting the bullish trend. The price action in the XAGUSD is mainly driven by the trade war...
The EUR/GBP currency pair, on the H4 time-frame, was in a downtrend until the 27th of August when a lower bottom was recorded at 0.90160. Buyers found the price attractive and demand overcame supply. After the bottom at 0.90160, a strong bullish candle broke through the 15 and 34 Simple Moving Average and the Momentum Oscillator briefly broke the zero baseline....
The AUDNZD currency pair on the Daily Chart has been in an uptrend since 6 August 2019 when it registered the low price at 1.02644. On 29 August 2019, the AUDNZD currency pair recorded the high price of 1.06642. Applying Oscillator Analysis on the price chart, one can notice that price is trading above the SMA 60 period Moving Average line, a fact that confirms...
The XAUUSD on the 4-hour time frame has been following an uptrend recently. The price broke above 1550.00 on 25 August to register the highest level of period under study at 1556.372. Bulls are pushing the price higher as key technical indicators are supporting the bullish trend. The price action in the XAUUSD is mainly driven by the global economic uncertainty....
The EUR/NZD currency pair, on the H4 time-frame, was in a downward move until the 16th of August when a lower bottom was recorded at 1.72003. The bulls overwhelmed the bears in the market and the downward momentum was annulled. After the bottom at 1.72003 the market broke through the 15 and 34 Simple Moving Average, the Momentum Oscillator broke the zero...
The EUR/GBP on the 4-hour time frame has been following a downtrend recently. The price broke below 0.90200 on 27 August to register the lowest level of August at 0.90181. Bears are pushing the price lower as key technical indicators are supporting the bearish trend. The price action in the EUR/GBP is mainly driven by the recent strength in the GBP. As of writing,...
The EURUSD currency pair on the 4 Hours Chart has been in a downtrend since 25 August 2019 when it registered the high price at 1.11642. On 28 August 2019, the EURUSD currency pair recorded the low price of 1.10844. Applying Oscillator Analysis on the price chart, one can notice that price is trading below the SMA 60 period Moving Average line, a fact that...
The EUR/USD currency pair, on the H4 time-frame, was in a downward move until the 23rd of August when a lower bottom was recorded at 1.10518. Demand overcame supply and the downward momentum was negated. A closer look revealed that the Momentum Oscillator displayed positive divergence between point a and b compared to the price at 1.10664 and 1.10518. This could...
The USD/JPY on the 4-hour time frame has been following a downtrend recently. The price broke below 105.000 on 25 August to register the lowest level of period under study at 104.478. Bears are pushing the price lower as key technical indicators are supporting the bearish trend. The price action in the USD/JPY is mainly driven by the recent strength in the JPY. As...
The GBPUSD currency pair on the 4 Hours Chart has been in an uptrend since 11 August 2019 when it registered the low price at 1.20154. Subsequently, the price displayed a series of higher tops and higher bottoms. On 23 August 2019, the GBPUSD currency pair recorded the high price of 1.22935. Applying Oscillator Analysis on the price chart, one can notice that...
The USD/CHF currency pair, on the H4 chart, gained upward momentum until the 23rd of August when a higher top was recorded at 0.98773. Sellers overwhelmed buyers and the market started moving downwards. The price broke through the 15 and 34 Simple Moving Averages and the Momentum Oscillator broke the zero baseline into negative terrain, both confirming the...
Crude Oil on the 4 Hours Chart has been in a downtrend since 21 August 2019 when it registered the high price at 57.163. Subsequently, the price displayed a series of lower tops and lower bottoms. On 25 August 2019, Crude Oil recorded the low price of 52.995. Applying Oscillator Analysis on the price chart, one can notice that price is trading below the SMA 60...
The EUR/CHF on the 4-hour time frame has been following a downtrend recently. The price broke below 1.08500 on 13 August to register the lowest level of period under study at 1.08351. Bears are pushing the price lower as key technical indicators are supporting the bearish trend. The price action in the EUR/CHF is mainly driven by the recent strength in the CHF. As...
The NZDUSD currency pair on the Daily Chart has been in a downtrend since 19 July 2019 when it registered the high price at 0.67908. On 22 August 2019, the NZDUSD currency pair recorded the low price of 0.63618. Applying Oscillator Analysis on the price chart, one can notice that price is trading below the SMA 60 period Moving Average line, a fact that confirms...
The EUR/GBP on the 4-hour time frame has been following a downtrend recently. The price broke below 0.90300 on 22 August. Bears are pushing the price lower as key technical indicators are supporting the bearish move. The price action in the EUR/GBP is mainly driven by the recent strength in the GBP. As of writing, the price is hovering around 0.90500 with negative...