Forex Technical Analysis
USDJPY Targets 153.3 After Bullish Breakout
FxNews—USD/JPY initiated a bullish trend from the 50.0% Fibonacci support level at 148.1, backed by the daily 75-period simple moving average. This rise was...
USDCHF Poised for Rise: Key Support at 0.883
FxNews—The USD/CHF uptrend resumed from 0.875, as expected on Stochastic's oversold signal on December 6. However, the bullish momentum eased after the prices reached...
USDCAD Stabilizes Above 1.418 Amid Overbought Signals
FxNews—USD/CAD uptrend resumed from 1.410, trading at approximately 1.418 as of this writing. The currency pair is currently trying...
NZDUSD Bears Dominate But Reversal Looms
FxNews—The NZD/USD downtrend was triggered from $0.587, and the bears have prevailed in the sentiment ever since. However, the...
AUDUSD Declines Toward $0.634 Amid Oversold Signals
FxNews—AUD/USD resumed its bearish trajectory from $0.647, a strong resistance area backed by the 75-period simple moving average.
As of...
GBPJPY Overpriced Near Key 193.8 Resistance
FxNews—GBP/JPY resumed its uptrend trajectory after it shifted above the 75-period simple moving average. However, the buying pressure caused...
GBPUSD Steady: Potential Rise to $1.285
FxNews—GBP/USD has been trading sideways after it broke above the $1.272 critical resistance. As of this writing, the currency...
EURUSD Faces Resistance Near $1.052 Amid Downtrend
FxNews—EUR/USD resumed its downtrend from $1.06 and is currently trading at approximately $1.053. However, the bears face the 75-period...