Looking at the chart on the weekly time frame, we will notice that the pair is under high pressure below 1.92000 and below all moving averages. The pressure on the pound continues this year; Brexit has been agreed upon, but now it needs to be applied on the ground, but it will take time to do so. Technically, the Fibonacci indicator shows us that we have a...
Looking at the chart on the weekly time frame, we see a continuation of the bearish trend with less consolidation of the previous two weeks. We are looking at whether the EUR/NZD pair will manage to stay above the moving average of the MA200 at 1.69700; the withdrawal was from the previous MA100 with 1.72700. The continuation of the Bearish scenario is very...
Looking at the chart on the weekly time frame bullish scenario is still very likely. At the end of the year, the markets are closing due to the New Year’s holidays, and we can expect a continuation in the next year. By setting the Fibonacci level, the AUD/USD pair is currently testing the level of 78.6% at 0.75750, and now we can expect consolidation at that...
Looking at the chart on the weekly time frame, we see that the NZD/USD pair is stable above 0.70000 for now and records gains against the US dollar. In this time frame, moving averages are of no use because they are far below 0.67000. This week’s candlestick made a pullback to 0.70000 but again pulled up above 0.71000. In the new year, we will likely see the...
Looking at the chart on the weekly time frame, we can see that the euro is currently at a very important crossroads. It has made big gains since the beginning of the year against the dollar. The EUR/USD pair is now at a Fibonacci level of 50.0%, and we can now expect consolidation at that level. In 2017, we also had a strong bullish momentum to 1.25000, which...
Looking at the chart on the weekly time frame, we see that the GBP/AUD pair is sitting on the trend line, and for now, it is resisting and making support for the pound. Technically, the Fibonacci level’s support is 61.8%, and the resistance level is 50.0%. The top is the pressure of all three moving averages MA50, MA100, and MA200, which is almost broken down. To...
Looking at the chart on the weekly time frame, technically, we have a resistance of 0.71000. Today’s decline in the New Zealand dollar can be linked to a global increase in risk worldwide with the emergence of a new virus in the UK. In such an atmosphere, investors enter more secure currencies such as USD, CHF, and JPY, and other currencies are in the background...
Looking at the chart on the weekly time frame, we see a bullish trend throughout this year with certain pullbacks and the support of moving averages MA50, MA100, and MA200. The EUR/CAD pair tested the zone around 1.6000 twice, and now there is a possibility that it will climb to that zone for the third time. For now, the lower side of the zone around 1.55000 gives...
Looking at the chart on the weekly time frame, we see that after the pullback to the moving averages MA50 and MA100, the trend continued in a bullish direction. After a break above the psychological level at 125,000, we can expect the EUR/JPY pair to continue to 128,000. At the end of November, a break was made above the MA200, and this is another confirmation for...
Looking at the chart on the weekly time frame, we see that the NZD/JPY pair made a break outside the falling channel with the support of moving averages MA50 and MA100. He is currently testing the MA200, and if he manages to rise above the MA200, we can expect him to climb to the psychological level at 75.00 soon. By setting the Fibonacci level, we see that the...
On the weekly chart, we see that the Euro made a break above the Fibonacci level of 50.0%. Since the bullish momentum is strong, we can expect the pair to climb to the level of 61.8%. The dollar continues to weaken; last night’s Fed report on interest rates remained at 0.25%; in one of the rare chances in the November statement, the Fed also said it plans to...
Looking at the chart in the weekly time frame, we can notice that the AUD/JPY pair is currently testing the moving average of the MA200. In August 2015, the pair fell below the MA200, and after that, this indicator became resistance; in 2017, the AUD tried three times to break above but failed and returned down to lower levels. Now AUD has another attempt to...
Looking at the chart on the weekly time frame, we see that the bullish scenario is still very strong and in the coming period to some stronger resistance at higher levels. The AUD/USD pair is currently testing a zone around 0.75000, where we can expect less consolidation and a continuation upwards, as no recovery of the dollar is seen in any short...
The disappointing results from the US labour market along with the rising cases of COVD-19 is fueling hopes by investors of a stimulus package before the year ends. Last week, the Nonfarm Payrolls report only added 245,000 jobs for the month of November, a 60% decline from the prior month’s 610,000 results. Meanwhile, on Thursday, December 10, the initial jobless...
Looking at the chart on the weekly time frame, we see that before the jump at the beginning of the year caused by the market decline due to coronavirus, we can notice that the EUR/AUD pair was moving like a big consolidation around moving averages MA50 and MA100, while at the bottom as stronger support was MA200. It is now likely that the EUR/AUD pair will touch...
Looking at the chart on the weekly time frame, we see that the bearish scenario is still very likely if the EUR/NZD pair deviates from the trend line with resistance at the top of the moving averages MA50 and MA100. While on the underside, the pair bounced off the MA200. Before the global pandemic, the EUR/NZD pair was moving sideways between 1.65000 -1.75000,...
Looking at the chart on the weekly time frame, we can notice that a drop-down channel break and retest for the AUD/JPY pair was made exactly when the first news about discovering the vaccine and its imminent use was published. On the downside, we have support moving averages of MA50 on the 73.00 and MA100 on the 74.50. Setting the Fibonacci pair is at 32.8%...
The weekly time frame chart shows that the pound under Brexit pressure falls as the 31 December deadline approaches. From the top, we see that the GBP/AUD pair had a resistance of 1.85000 and a resistance of moving averages of MA50 and MA100, and is currently at a moving average of MA200. At the bottom, we have a long-standing trend line from 2013 that can serve...