forex

Technical Analysis – GBPJPY printed a 3 black crows’ pattern and broke fiercely through the 25-month low

Posted on August 2, 2019 at 9:33 am GMT

GBPJPY had sellers take the reins, after indecisive candles from the previous week, forming a 3 black crows’ pattern and eating up the 133.85 swing low and the twenty-five-month low of 132.48. Buyers then came on board, but failed to close above the 132.48 low, now turned to resistance. Moreover, the sellers hit back harder with a large engulfing bearish red candle and reignited the sell-off. It’s worth mentioning the indicated strength behind the down move, as shown by the [..]

Technical Analysis – USDCAD searches for a close above 50-SMA; short-term bias bullish

Posted on August 2, 2019 at 7:24 am GMT

USDCAD has been building an upward trajectory over the past three weeks and is currently searching for a daily close above the 50-day simple moving average (SMA). The short-term bias is viewed positive at the moment as the RSI is gaining momentum above its 50 neutral mark and the MACD is strengthening above its red signal line and in the bullish area. Traders, however, could wait for the pair to jump above the Ichimoku cloud and the 1.3300 level to raise faith [..]

Technical Analysis – USDCAD searches for a close above 50-SMA; short-term bias bullish

Posted on August 2, 2019 at 7:16 am GMT

US Nonfarm payrolls to steal the show after Fed’s rate cut – Forex News Preview

Posted on August 1, 2019 at 2:52 pm GMT

In a relatively busy week for the US calendar, the popular Nonfarm payrolls report will steal the show on Friday at 1230 GMT, two days after the FOMC policy meeting. It’s expected to indicate that the labour market is still a bright spot in the US economy and hence supportive of consumption. The data, however, are likely to leave the window open for further monetary easing in the year ahead as risks continue to linger on the horizon. In June, new job positions surged by a surprising 224k, surpassing [..]

Technical Analysis – USDSEK fails attempt for strong close above 17-year high; declines back below

Posted on August 1, 2019 at 12:46 pm GMT

USDSEK rallied to a new 17-year high of 9.6980, starting from a low of 9.2985 on July 18. But sellers would not have it, and drew the price back below 9.6858, which was the previous 17-year high back in May. Despite bullish signals from the 50-, 100-day simple moving averages (SMAs), as they are heading up, and the Bollinger bands indicating high volatility, traders should be aware that a possible pullback is on the table. The momentum signals, although bullish, [..]

Technical Analysis – USDJPY gathers positive trend vibes above 109

Posted on August 1, 2019 at 7:16 am GMT

The hawkish nature of the FOMC policy meeting late on Wednesday allowed USDJPY bulls to retake control and pick up steam above the 109 important level. Technically, the pair could consolidate gains in the short-term as the RSI is positively sloped and not far below its 70 overbought mark; the indicator is already in the overbought territory in the four-hour chart. Yet, with the price having cleared the 50-day simple moving average (SMA), and the 50% Fibonacci of the upleg [..]

Technical Analysis – General Motors stock makes a 13-month high; sellers push back

Posted on July 31, 2019 at 2:57 pm GMT

General Motors stock has stuck to the upper Bollinger band on its stretch north, peaking its head above the band, hauling the price of the stock above previous peaks from February 6 and April 18. Although the price has formed a spinning top candle and sellers have pushed lower, it’s worth mentioning that the 40-day simple moving average has crossed above the 100-day SMA, signaling that the bullish advance seems to be holding. The MACD is in the positive region [..]

Technical Analysis – USDZAR rebounds, but still neutral overall

Posted on July 31, 2019 at 2:29 pm GMT

USDZAR rebounded substantially in recent days, to challenge the 14.31 zone and the 50-day simple moving average (SMA), before retreating somewhat. There is currently no clear trending structure in place. For that to change, either the bears would need to push for a new low below 13.80, or the bulls would have to lift the pair above the 50-day SMA, turning the bias slightly more positive. Short-term momentum oscillators concur, as neither the RSI nor the MACD is providing a [..]

Technical Analysis – AUDJPY remains confined in a tight range

Posted on July 31, 2019 at 1:36 pm GMT

AUDJPY continues to trade in a relatively narrow sideways range, with an upper bound at 76.30 and a floor at 73.90. As such, the short-term outlook still seems neutral, with a break on either side needed to provide the directional bias. Momentum oscillators doesn’t paint a clear picture either, with the RSI being below 50 but pointing higher, and the MACD hovering around its zero line. In case of further declines, a decisive break below 73.90 could signal the resumption [..]

Technical Analysis – NZDUSD closes below 50-SMA, tests 0.66 level

Posted on July 31, 2019 at 9:29 am GMT

NZDUSD finished Tuesday’s session marginally below the 50-day simple moving average (SMA), while early on Wednesday it managed to pierce the 0.66 round level as well before pulling slightly up. The fast-Stochastics hint that the downfall is overstretched and hence buying pressures could soon take place, but the RSI needs to reverse south and rise back above its 50 neutral mark to further boost the odds for an upside correction. The 0.6580 level, which halted downside movements early today and in April, could act as support [..]

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Technical Analysis – GBPJPY printed a 3 black crows’ pattern and broke fiercely through the 25-month low

Technical Analysis – USDCAD searches for a close above 50-SMA; short-term bias bullish

Technical Analysis – USDCAD searches for a close above 50-SMA; short-term bias bullish

US Nonfarm payrolls to steal the show after Fed’s rate cut – Forex News Preview

Technical Analysis – USDSEK fails attempt for strong close above 17-year high; declines back below

Technical Analysis – USDJPY gathers positive trend vibes above 109

Technical Analysis – General Motors stock makes a 13-month high; sellers push back

Technical Analysis – USDZAR rebounds, but still neutral overall

Technical Analysis – AUDJPY remains confined in a tight range

Technical Analysis – NZDUSD closes below 50-SMA, tests 0.66 level

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