GBP/USD is eyeing a key upside break above the 1.2470 resistance zone.
Important Takeaways for GBP/USD
· The British Pound is slowly moving higher from the 1.2365 support against the US Dollar.
· There is a key bearish trend line forming with resistance near 1.2440 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of...
NZD/USD is also moving lower and might decline below the 0.6150 support.
Important Takeaways for NZD/USD
· NZD/USD failed to clear the 0.6220 resistance zone and reacted to the downside.
· There is a major bearish trend line forming with resistance near 0.6180 on the hourly chart of NZD/USD at FXOpen.
NZD/USD Technical Analysis
On the hourly chart of NZD/USD...
AUD/USD started a fresh decline from the 0.6770 resistance zone.
Important Takeaways for AUD/USD
· The Aussie Dollar started a fresh decline below the 0.6740 support against the US Dollar.
· There is a key bullish trend line forming with support at 0.6715 on the hourly chart of AUD/USD at FXOpen.
AUD/USD Technical Analysis
On the hourly chart of AUD/USD at...
USD/JPY is rising and might rally further above the 134.30 resistance.
Important Takeaways for USD/JPY
· USD/JPY is showing a lot of bullish signs above the 133.85 support zone.
· There is a major bearish trend line forming with resistance near 134.30 on the hourly chart at FXOpen.
USD/JPY Technical Analysis
On the hourly chart of USD/JPY at FXOpen, the...
EUR/USD started a downside correction from the 1.1075 resistance.
Important Takeaways for EUR/USD
· The Euro struggled to stay above 1.1000 and corrected lower.
· There is a key bearish trend line forming with resistance near 1.0990 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the hourly chart of EUR/USD at FXOpen, the pair...
A bearish engulfing pattern (1) has formed on the gold price chart. Two facts make it important:
→ the pattern has formed at the line (2) of the resistance of the trend channel, originating at the end of 2019;
→ the pattern was formed against the background of the discussed news about the US economy, which affected the value of the US dollar.
On Thursday, the...
USD/CAD is recovering and might gain pace if it clears the 1.3370 resistance.
Important Takeaways for USD/CAD
· USD/CAD declined below the 1.3450 and 1.3400 support levels.
· A major bearish trend line is forming with resistance near 1.3370 on the hourly chart at FXOpen.
USD/CAD Technical Analysis
On the hourly chart of USD/CAD at FXOpen, the pair started a...
GBP/USD faced resistance near 1.2540 and started a downside correction.
· The British Pound started a downside correction below the 1.2500 zone.
· There was a break below a key bullish trend line with support at 1.2455 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of GBP/USD at FXOpen, the pair was able to climb above...
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WTI is consolidating and might aim for a fresh increase above $83.25.
Important Takeaways for Oil
Crude oil price also gained pace and was able to climb above the $82.00 resistance.
There is a key contracting triangle forming with support near $82.00 on the hourly chart of XTI/USD at FXOpen.
Oil Price Technical Analysis
On the hourly chart of XTI/USD...
Gold Price Inches Higher
Gold price is rising and trading above the $ 2030 resistance.
Important Takeaways for Gold
Gold price started a fresh increase above the $ 2020 resistance against the US Dollar.
A key bullish trend line is forming with support near $ 2030 on the hourly chart of gold at FXOpen.
Gold Price Technical Analysis
On the hourly...
Gold price is rising and trading above the HKEX:2 ,030 resistance. WTI is consolidating and might aim for a fresh increase above $83.25.
Important Takeaways for Gold and Oil
Gold price started a fresh increase above the HKEX:2 ,020 resistance against the US Dollar.
A key bullish trend line is forming with support near HKEX:2 ,030 on the hourly chart of...
A short digest of the fresh and saturated news background:
→ Inflation in the US coincided with analysts' expectations. Core CPI was 5.6% in annual terms. The main problem for suppressing inflation is the rise in prices for energy resources (oil has updated the maximum of the year). According to Bloomberg, the union of Russia and Saudi Arabia in the oil market...
EUR/GBP is struggling and facing resistance near 0.8790.
Important Takeaways for EUR/GBP
EUR/GBP is struggling to break the 0.8790 resistance zone.
There is a major bullish trendline forming with support near 0.8770 on the EUR/GBP hourly chart.
EUR/GBP Technical Analysis
On the hourly chart at FXOpen, the Euro traded in a small range below the 0.8790...
GBP/USD started a fresh increase above the 1.2400 resistance zone.
Important Takeaways for GBP/USD and EUR/GBP
The British Pound started a fresh increase above the 1.2400 barrier against the US Dollar.
There was a break above a key bearish trendline with resistance near 1.2410 on the hourly chart of GBP/USD.
GBP/USD Technical Analysis
This past week,...
The USDJPY yesterday reached its highs of several weeks.
This was facilitated by:
→ a statement by the new head of the Bank of Japan, Kazuo Ueda, who made it clear that there is no need to rush to curtail the stimulus policy;
→ Friday's US employment report, which strengthened expectations of the Fed's interest rate hike in May. Unemployment fell to 3.5%,...
EUR/JPY is rising and might rally further if it clears the 145.40 resistance zone.
Important Takeaways for EUR/JPY
EUR/JPY started a steady increase after it found support near 142.50.
There is a major bullish trend line forming with support near 144.20 on the hourly chart.
EUR/JPY Technical Analysis
On the hourly chart of EUR/JPY, the Euro formed...
EUR/USD is consolidating above the key 1.0880 support zone.
Important Takeaways for EUR/USD
The Euro started a downside correction from the 1.0970 zone.
There is a key bearish trend line forming with resistance near 1.0910 on the hourly chart at FXOpen.
EUR/USD Technical Analysis
On the hourly chart of EUR/USD, the Euro remained well-bid above the...
