Forex Technical Analysis
Yen Overpriced at 149.5: Market Expects Consolidation
FxNews—The USD/JPY pair's downtrend resumed after prices dipped below the 150.7 resistance. However, robust selling pressure caused the Stochastic to step into oversold territory,...
USDCHF Bull Market Prevails: Next Target 0.890?
FxNews—USD/CHF trades in a bull market shifted above the 100-period simple moving average and the 0.885 immediate resistance in today's trading session.
As of this...
USDCAD Rebounds to Test 1.405 Critical Resistance
FxNews—The USD/CAD pair bounced from 1.398, testing the 50% Fibonacci retracement level at approximately 1.405. The recent gain in...
GBPUSD Bearish Engulfing at $1.273 Hints Decline
FxNews—The GBP/USD's uptrend from $1.249 eased after the prices peaked at the critical resistance level, the 1.273 mark. The...
EURUSD Began a Bearish Trajectory From $1.60
FxNews—The EUR/USD pair trades bearish below the 50- and 100-period simple moving average. In today's trading session, the European...
NZDUSD at Critical Juncture at $0.593 Amid Bearish Signals
The NZD/USD pair trades in a bear market below the 23.6% Fibonacci retracement level. However, the currency pair shifted...
AUDUSD Consolidates Near Critical Resistance at $0.653
FxNews—The AUD/USD pair trades in a bear market, below the 100-period simple moving average and the descending trendline. However,...
Bearish GBPJPY Faces Bearish Gap at 191.9 Level
FxNews—The GBP/JPY prices dipped below the %50 Fibonacci retracement level, ignoring the oversold signals given by RSI 14 and...