| The NZDUSD is trading to its lowest level since November 2022 |
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GBPUSD trades between its 100 and 200 hour MAs.
2023-08-09
Dive into the intricate dynamics of the GBPUSD trading pair in this comprehensive analysis. Explore the current situation where GBPUSD is positioned between its 100 and 200-hour moving averages, resulting in a neutral technical bias in the short term.
The biggest mover to start the week is the USDCHF. What technical levels are in play?
2023-08-07
Kicking off the trading week, the USDCHF takes the spotlight as one of the most significant movers. Presently, the currency pair is navigating between critical hourly moving average (MA) levels, shaping its price action dynamics.
In this analysis, we closely examine the USDCHF’s performance, discuss the importance of the key hourly MA levels, and explore potential scenarios for the currency pair’s movements as the week unfolds.
Stay informed and make well-informed trading decisions by gaining insights into the USDCHF’s interactions with pivotal technical levels and its potential impact on market sentiment.
End of week technical look at the EURUSD as we head toward a new trading week
2023-08-04
EURUSD back above 50% midpoint on daily chart and moving away from 100 day MA too
USDCAD sellers push lower but fall stalls at earlier low and retracement target
2023-08-03
The 38.2% of the last trend move higher is stalling the fall at 1.3333 level
GBPUSD technicals are settling between 1.2600 below and 1.2700 above. Sellers in control.
2023-08-03
The GBPUSD price is lower on the day, but there was a bounce off of targeted support area.
USDCHF trades to a new high. Yields starting to impact as rates move higher
2023-08-02
In early US trading, the GBPUSD has reached new session lows, maintaining its downtrend as upside resistance at the highs continues to cap the pair’s gains. The selling control remains prominent in the market.
In this video, we closely analyze the recent price action of the GBPUSD and discuss potential scenarios for the currency pair. Join us as we examine critical support and resistance levels, market sentiment, and other technical indicators to gain insights into what lies ahead for the GBPUSD.
Stay informed and make well-informed trading decisions in the dynamic forex market by watching the video above.
Buyers continue to push the USDJPY higher today. Price breaks above daily resistance today.
2023-08-01
In today’s trading session, buyers continue to exert their influence on the USDJPY, propelling the currency pair higher. Notably, the price has successfully broken above daily resistance, signaling a bullish sentiment.
Furthermore, the USDJPY has surpassed significant technical hurdles, including the 61.8% retracement level at 142.49 and the high of a swing area near 142.654. Staying above this area would reinforce the bullish outlook for the pair.
Join us as we closely analyze the implications of these price movements and discuss the potential scenarios for the USDJPY going forward. Stay informed and make well-informed trading decisions in the dynamic forex market with our technical analysis.
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