On the weekly time frame for the EUR/USD pair, we see that the euro started the week badly and that today, due to Brexit, there is more pressure on the Euro and the pound. The dollar should use this to its advantage and make short-term gains. If the pullback is continued, we can find the first support at the 1.20000 psychological level for investors. At the...
Looking at the chart on the weekly time frame, we can see that the GBP/USD pair is declining from the upper main trend line to 1.35000. To get potential trading targets, we can use Fibonacci levels as possible supports or consolidation zones to continue the trend. Moving averages of MA50 and MA100 are far below at 1.27500-1.28000, where we can find potential...
Looking at the chart on the weekly time frame, we see that we have one large support zone from which the AUD/NZD pair bounces upwards from the bottom. The last candlestick on the chart tells us that there is a likelihood of a trend reversal soon and that the AUD/NZD currency pair will turn into a bullish scenario. Moving averages tell us that the price has no...
Looking at the chart on the weekly time frame, we see that the GBP/JPY pair has been growing since mid-March 2020 and that after falling from the start of the year from 143.00 to 124.00, it is now at 139.70 and has reduced losses by more than 75%. A bullish scenario is still technically possible because we have support for moving averages MA50 and MA100. On the...
On the weekly time frame on the GBP/CAD pair chart, we see that from the top, we have a resistance of 1.75000. Since the beginning of the year, we have a side channel in the range of 1.70000-1.75000, and we can continue to expect such a movement of the GBP/CAD pair. All three moving averages are on the bottom line of the canal, just above 1.70000. In the last two...
If we look at the chart on the weekly time frame, we will see that the AUD/JPY pair in early November was our support for the moving average of MA50 when pharmaceutical companies’ news about discovering the vaccine was published. Following the chart below, we can see that a break was made above the MA100 and that we can look for the next target and higher...
Looking at the chart on the weekly time frame, we will notice that we have a trend line at the top when we connect the previous peaks. By placing Fibonacci at certain levels, we will see that the GBP/USD pair moves according to a certain pattern with a pullback to a Fibonacci level of 50.0%. Fibonacci setting on the chart, a red color we see that the 50.0% set...
Following the chart on the weekly time frame, we see that a long-term trend line break was made, and a retest was made at the breaking point. The weak dollar could easily continue next year, and we can see the EUR/USD pair at higher levels. Last year’s resistances of moving averages MA50, MA100, and MA200 are now supporting the bullish scenario’s continuation. On...
Let’s look at the bigger picture on a weekly level. We will see that the GBP/NZD pair is on a rising trend line since October 2016 and is currently testing a moving average (MA) of 200 around the 1.90000 level, while on the upper side, we have a resistance of MA 50 and MA 100. that the GBP/NZD pair is reaching the level of 50.0% for the third time. At this time...
If we look at the chart on the weekly time frame, we will see that the AUD/USD pair made a break above the running average of the MA 200 and that it has good support for the MA 50 and MA 100, making a retest on both indicators. Our Bollinger bands 200 match the MA 200 indicator, and we can expect a continuation of up to higher targets. Our first serious obstacle...
Following the chart, we see that the USD/CAD pair is testing support at 1.30000 for the third time, which is also the Fibonacci level of 78.6%—news of vaccines and their success rates. An increasing number of pharmaceutical companies distract investors from the U.S. dollar and redirect their investments to other currencies. So if the dollar weakens further, we...
NZD managed to climb to 0.70000 level from June 2018; this is also the psychological level for NZD. Above we have a stronger level of resistance at 0.76000, and at the bottom, we have support at 0.68500. Finance Minister Grant Robertson wrote to RBNZ Governor Adrian Orr to consider changing the bank’s jurisdiction to include house price stability as a monetary...
The pair failed to break out from a major resistance line, sending the pair lower towards a major support line. While the number of unemployed individuals in the US continues to increase, Canada has seen some improvement in its most recent ADP Nonfarm Payrolls report. The number of claimants for unemployment benefits in American rose by 742K. On the other hand,...
The pair will continue to move lower in the following days towards the 101.000 support line. The optimism of investors from the recent coronavirus vaccine news quickly fades away. This was amidst the continued rise of COVID-19 cases in the United States coupled with a spike in the number of unemployed individuals in the country. US pharmaceutical companies Pfizer...
Looking at the USD/JPY chart, we see that the dollar is losing strength against the Japanese yen, forming one big falling channel. As a resistance, we can use the MA100 indicator, it is currently the USD/JPY pair far from the MA100, and we will probably see a pullback back to the indicator. Japanese Prime Minister Yoshihide Suga warned against trade...
As we talked about in previous analyzes about the resistance at 1.18750-1.18800 Euro again failed to break above this level. The pullback has already fallen below the Fibonacci level of 23.6% and looking at the EUR/USD chart, it will continue today in that direction, so a drop below 1.18000 is possible. The President of the ECB, Christine Lagarde, commented that...
The pair will continue to move lower in the following days towards its October 2018 low. Norway has the highest Q2 to Q3 ratio among countries in Europe. The country managed to expand by 4.6% in the third quarter, almost completely recouping the 4.7% contraction in the second quarter. In addition to this, the country had a trade surplus of $2.7 billion in October...
The pair will fail to break out from an uptrend resistance line, sending the pair lower towards its previous low. Hungary is playing fire with the European Union after the country along with Poland vetoed the EU budget of $2.14 trillion over the next seven (7) years. This was following the EU’s stance that the budget allocation can be altered for countries that it...