The US Dollar appreciated about 77 pips against the Canadian Dollar on Friday. The currency pair was guided up by a narrow ascending channel pattern. Currently, the exchange rate is trading near the lower band of the narrow ascending channel pattern at 1.3421 and could be set for a breakout. If this breakout occurs, it is likely that bearish traders could push...
The Australian Dollar depreciated by about 40 base points against the US Dollar on Friday. The currency pair breached the 200-hour simple moving average at 0.7091 during Friday’s trading session. Today’s session began with an upside sentiment, and by the middle of the trading hours, the exchange rate has breached a counter trendline. Given that a counter...
The common European currency depreciated about 237 base points against the Japanese Yen on Friday. The pair tested the lower band of a medium-term descending channel pattern at 123.82 during Friday’s trading session. Technical indicators flash sell signals on both the smaller and the larger time frames chart. Therefore, the EUR/JPY exchange rate could edge lower...
During Friday’s trading session, the 100-hour simple moving average supported the rate to end the trading session at 111.40. On Monday morning, the rate was trading between the 55-hour and the 100-hour simple moving averages at the 111.51 mark. It is expected, that the currency exchange rate will be trading sideways to end the trading session at the 111.60...
During Friday’s trading session, the 55-hour simple moving average supported the British Pound to trade sideways at 1.3250. On Monday morning, the rate passed the support level of the 55-hour SMA to be located at the 1.3240 mark. In regards to the near-term future, most likely, the support levels of the 100-hour simple moving average and the weekly pivot point...
During Friday’s trading session, the European Single Currency was supported by the 55-hour simple moving average to trade sideways at 1.1320. On Monday morning, the rate was located at the 1.1344 mark. In regards to the near-term future, it is expected that the European Single Currency will appreciate against the US Dollar to break the monthly pivot point at...
During Friday’s trading session, the yellow metal passed through the support levels of the 55-hour and the 100-hour simple moving averages to end the trading session at 1,298.00. On Monday morning, gold was located at the upper boundary of the medium pattern line at the 1,305.17 mark. In regards to the near-term future, most likely, the yellow metal will break...
The Ethereum cryptocurrency has continued to appreciate against the US Dollar. The 100–hour simple moving average has guided the pair towards the 155.40 area a few days ago. As for the near future, it is likely that the ETH/USD exchange rate continues to surge during the following trading sessions. The potential upside targets will be near the weekly R1 at...
The BTC/USD pair is currently trading in an ascending trendline pattern. The pair tested the lower boundary of the uptrend pattern at 3700.0 during yesterday’s trading session. Given that the bitcoin cryptocurrency is trading in an uptrend pattern, and the 100-and 200-hour SMAs is below the price level, it is likely that the pair will continue moving north until...
During Friday’s trading session, the currency exchange rate passed through the support level of the 200-hour simple moving average to fall to 111.00. On Monday morning, the rate was trading at the 111.21 mark. Note, the chart was fully reviewed to make some corrections to the chart! In regards to the near-term future, it is expected that the 55-hour simple...
During Friday’s trading session, the British Pound depreciated to the 1.2950 level. On Monday morning, the European Single Currency was located at the 1.2999 mark. In regards to the near term future, most likely, the currency exchange rate will be trading sideways to stay at the 1.3000 level during the day. On the other hand, the US Dollar might appreciate...
During Friday’s trading session, the 23.60% Fibonacci retracement level helped the yellow metal to break the resistance of the monthly S1 to end the trading session at the 1,296.81 mark. Note, the chart was fully reviewed to make some corrections to the chart! In regards to the near-term future, most likely, the 200-hour simple moving average will retrace gold...
During Friday’s trading session, the European Single Currency broke through the resistance level of the 61.80% Fibo to end the trading session at the 1.1223 mark. On Monday morning, the rate broke the 55-hour simple moving average to trade at the 1.1247 mark. In regards to the near-term future, it is expected that the 55-hour simple moving average will retrace...
The British Pound appreciated about 2.82% in values against the Canadian Dollar during last week’s trading session. The currency pair reached near June 2018 high at 1.7629. Everything being equal, it is likely that the currency exchange rate makes a retracement towards the 100– and 200-hour simple moving averages at 1.7247 within this week’s trading session....
During the last week, the Great British Pound appreciated about 2.84% in values against the Australian Dollar. The exchange rate reached October 16, 2018, high level at 1.8721 during this short period. As for the near future, it is likely that the GBP/AUD currency pair will continue its upside momentum. Buyers could drive the rate towards a psychological price...
During the last week, the Australian Dollar appreciated about 1.82% against the Japanese Yen. This surge was stopped by a resistance level set by the weekly R1 at 79.72. The exchange rate tested the lower band of an ascending channel during the morning hours of Thursday’s trading session. If a support level formed by the bottom border of the channel pattern as...
Upside risks dominated the British Pound versus the Japanese Yen during the past week. The currency pair appreciated about 2.89% during last week’s trading session. A breakout occurred through the upper boundary of a dominant descending channel at 147.00 at the end of Wednesday’s trading session. Given that a breakout had occurred, it is likely that the GBP/JPY...
During Monday’s trading session, the yellow metal passed through the support level of the 23.60% Fibonacci retracement level to end the trading day at 1,280.00. On Tuesday morning, gold was located at the 1,284.88 mark. In regards to the near-term future, most likely, the yellow metal will continue to depreciate against the US Dollar to end today’s trading...