Looking at the chart on the weekly time frame, we see that the GBP/AUD pair has fallen below the moving averages of the MA200 and EMA200 but is close to the bottom trend line, which could be potential support and obstacle to continuing into the bearish trend after this consolidation. Within this consolidation, there is a probability that the GBP/AUD pair will...
The chart on the weekly time frame shows a strong bullish trend with a break above Fibonacci 61.8% level and breaking the psychological zone at 130.00. Based on the chart’s situation, we can expect the continuation of the bullish trend and the probability that the EUR/JPY pair will climb to the previous high at 133.00 from September 2018. Moving averages are far...
Looking at the chart on the weekly time frame, we see that the AUD/JPY pair after minor consolidation again continues up above the Fibonacci retracement 61.8% level. Reducing global risk is helping the Australian dollar against the Japanese yen due to global coronavirus vaccination, and based on that, we can expect the AUD/JPY pair to continue beyond 85.00. Moving...
On the weekly chart, we see that the EUR/AUD pair is on the bottom trend line, and we can look at it as potential resistance and support to the pair. The trend is still very bearish, and it is being pressured by moving averages from the top, and we see that the EUR/AUD pair failed to climb above the previous higher low to 1.56500. Reducing the global risk caused...
Looking at the chart on the weekly time frame, we see that the NZD/USD pair has made a pullback to the moving averages of the MA20 and EMA20, which have so far been supportive and pushing the NZD/USD pair up without letting it sparse into the bearish trend. So we need to pay special attention to zone 0.70000-0.71000, and this is where we need to look for support...
Looking at the chart on the weekly time frame, we see that the pad failed to stay above 118.00 and test 120.00. In contrast, we see a pullback from 118.80 to the current 116.30. We also have a break below MA20 and EMA20, and our target next could be MA50 at 115.00. If the support does not withstand the support, we ask below at 113.70-114.00 with the support of...
Looking at the graph on the weekly time frame, we see that the pair is now testing Fibonacci retracement level 23.6% at 1.19450, and that pair made a break below MA20 and EMA20. We last had testing of these two moving averages in early November 2020. We see that the pair, after a strong momentum last year, is now making a pullback. The dollar has started to...
Looking at the chart on the weekly time frame, we see that this last week is also very bullish for the pound against the Swiss franc, and as such, we can look in the future. Our next bullish target is the previous high at 1.33000 from December 2019. Global vaccination of the population against coronavirus throws aside currencies such as the Swiss franc and the...
Looking at the chart on the weekly time frame, we see that the pair is coming into potential resistance zones. The first psychological resistance is at 150.00, and the Fibonacci retracement level is 78.6%; the trend is still very bullish, especially after the invention of the vaccine and its increasing use. So in the coming period, we can expect the continuation...
Looking at the graph on the weekly time frame, we see that the EUR/JPY pair is currently testing Fibonacci retracement level 61.8% to 128,700, and here we can expect potential resistance to higher levels. The continuation of the bullish trend takes us to the 130.00 psychological level from 2018. It took a long time for the pair to break again above the moving...
Looking at the chart on the weekly time frame, we see that the British pound records new highs against the US dollar. The GBP/USD pair has climbed to the current 1.39200, and soon we can expect psychological level testing at 1.40000 from April 2018. All moving averages and lower indicators show us a very strong bullish trend, and we need to pay attention to the...
Looking at the chart on the weekly time frame, we see that the Pound is progressing very well this year against the Swiss franc. After a break-in in early February above 1.22000, which was a big resistance last year, the GBP/CHF pair climbed to the current 1.25000 and looking in the previous high to 1.28000 from February 2020. What is important and what we need to...
Looking at the chart on the weekly time frame, we see that the CHF/JPY pair is increasingly testing resistance at 118.00. Like last time in the analysis, we still expect the pair to break that limit and climb above 118.00. Following the moving averages, we can assume that the bullish trend will continue. We are still looking at 120.00 as a potential target in the...
Looking at the USD/CAD pair chart on the weekly time frame, we see a strong bearish trend over the last year. We still see a weak dollar despite this short-lived stalemate at the beginning of the year. Moving averages are on the bearish side and, for now, are a confirmation of the downward trend. By setting the Fibonacci retracement level, we see a drop below the...
Looking at the chart on the weekly time frame, we see that the AUD/USD pair is still in a strong bullish trend with the current resistance at 0.78000, where the AUD/USD pair makes an instant consolidation before the next major move on the chart. We see that the AUD/USD pair made a pullback to 0.75700 and bounced upwards; this candlestick formation makes a FLAG...
Looking at the chart on the weekly time frame, we see that the AUD/JPY pair made a break of one long-term trend line after that and retest on that break, so based on that, we can conclude that the AUD/JPY pair will continue to higher levels. Looking at moving averages, we see that the pair has managed to surpass the MA200 and EMA 200 very significant resistances...
Looking at the chart on the weekly time frame, we see that the EUR/USD pair is in a pullback from 1.23000 to the current 1.19900. Now the pair is in the zone around 1.20000 and a psychological level for investors. Technically looking at this time frame, we can track the following moving averages of the MA20 and EMA20, which have supported the pair towards higher...
Looking at the chart for the USD/JPY pair on the weekly time frame, we see that this year the dollar is on the bullish side against the Japanese yen. After support at 102.70, the part went up, with current support with a moving average of MA20 and EMA20 with a view to MA50 as potential resistance at 105.80. As a tool, we can also use Fibonacci retracement levels,...