Support: The key support levels to watch are around 128.00 and 127.00. These levels have held as support during recent pullbacks.
Resistance: Immediate resistance is seen around 130.00. A break above this level could indicate a potential bullish reversal.
200-day Moving Average: EURJPY is below the 200-day MA, indicating a bearish long-term sentiment.
50-day...
Traders are observing a symmetrical triangle price pattern, with a risk of a breakout to the upside. The recent Non-Farm Payrolls (NFP) data has been positive, which could contribute to a bullish wave
Key support and resistance levels have been identified, which can play a crucial role in determining the pair's movement. Current pivot points are set at 1.3752 (P),...
The current technical analysis for the EUR/JPY currency pair presents a bit of a mixed bag, indicating some uncertainty in the market. Here's a breakdown of what the indicators are showing:
Oscillators: These indicators are sitting in neutral territory, not leaning towards a clear buy or sell signal at the moment.
Moving Averages: Similarly, the moving averages...
The technical analysis for the NZD/USD currency pair indicates a Strong Buy signal. Here's a breakdown of the key indicators:
Moving Averages: All 12 indicators unanimously suggest a Strong Buy signal.
Technical Indicators: 6 indicators point to a Buy, 1 is Neutral, and 4 indicate Sell.
RSI (14): Showing a Buy signal at 57.819.
MACD (12,26): Indicates a Buy with...
Price patterns, technical indicators and models were analyzed to perform a technical analysis for the USD/CAD currency pair trading length to identify potential upside signals
Use a daily weekly schedule for long-term in-depth analysis. Look for high highs and low lows on the chart, indicating an upward trend.
Identify key support and resistance levels where...
As of the latest market data, the GBP/CHF pair is exhibiting a cautious trend amid mixed signals from both technical indicators and fundamental factors. Below is an analysis based on recent price movements, technical indicators, and chart patterns.
The RSI is currently at 55, indicating a neutral stance but approaching overbought/oversold conditions.
The MACD line...
Based on the technical and fundamental analysis, the EUR/USD pair appears to be biased towards the downside, given the prevailing downtrend and monetary policy divergence between the Fed and ECB. Traders should remain vigilant of key support and resistance levels, as well as upcoming economic events and geopolitical developments, to make informed trading...
Consider entering a long trade if USD/CAD holds above 1.3550 and shows signs of a bullish reversal, such as a trendline breakout or bullish candlestick patterns.
Stop-Loss: Place a stop-loss below the support level, around 1.3530, to limit potential losses.
Take-Profit: Set a take-profit target at the next resistance levels, initially at 1.3660 and
potentially...
EUR/JPY is showing strong bullish momentum with potential for further gains, and a strong uptrend, with moving averages indicating a continuation of this bullish momentum.
Key support levels are noted at 169.05 and 167.31. On the upside, resistance is likely at 170.62 and 171.58. A break above these resistance levels could signal further upside potential towards...
Gold began the week with a downward trend but has seen some recovery. This movement is influenced by the weakening US Dollar, driven by disappointing PMI data that indicates a slowdown in private sector growth. Additionally, a lower-than-expected GDP growth rate and persistent inflationary pressures have contributed to gold's recent price movements.
Sentiment...
A long trade on USD/CHF can be supported by both technical and fundamental factors. Ensure continuous monitoring of the trade, adjusting stop-loss and take-profit levels as needed based on market movements. Keep an eye on economic calendars and news updates that might impact the pair to make informed decisions.
For the operational paired GBP/USD recently received a buy signal after breaking above the 1. 2708 resistance level as it remains a vital signal of higher odds of a bull market persistence. This pair is pointing towards some more of the resistance level of nearly 1. 2780
The current intraday bias is up which has a support at 1. 2445 holds. However if the pair...
Ethereum has shown strong bullish momentum, with recent price targets indicating potential upward movement. Analysts suggest that Ethereum could test resistance levels around $3,132 and $3,360
There is also a notable support range between $2,680 and $3,100, with potential declines testing the $2,905 level before any further upward movement.
The Relative Strength...
NZDUSD has been in a downtrend, but potential buy opportunities often arise when the trend shows signs of weakening or reversing. Watching for higher lows or a break above key resistance levels is crucial.
On the daily chart, the pair appears to be consolidating, which could precede a trend reversal.
Key Support Levels:
0.6000: A major psychological support...
Positive economic indicators like the United States GDP Annual Growth Rate can be bullish for natural gas as demand grows with the economy. Conversely, high interest rates in the U.S. can be bearish as they may pressure consumption.
Traders often look at pivot points and support/resistance levels to make informed decisions.
It's important to note that natural gas...
On Friday, the Australian Dollar (AUD) extended its consecutive four-session losing trend, presumably attributable to risk aversion. As the US Dollar (USD) strengthened on hawkish expectations that the Federal Reserve (Fed) will sustain higher policy rates for an extended period, the AUD/USD pair declined.
Consumer Inflation Expectations for the following 12...
In the BTC/USD daily chart, the inverse Head and Shoulders continuation signal continued pushing the price higher, where the most recent price trades above the 67310.50 static support.
As the dynamic 100-day SMA and 20-day EMA remain below the current, we may expect the buying pressure to extend towards the 80000.00 psychological line.
For the third day in a row,...
Last week, the Pound Sterling (GBP) and the US Dollar (USD) exchanged minor gains, with the GBPUSD pair surpassing 1.2750 for the first time in two months.
Notwithstanding its robust commencement to the week, the Pound Sterling encountered challenges in the face of a resurging US Dollar, ultimately accumulating moderate gains and perpetuating the preceding week's...
