FXOpen_Official Posted April 17, 2019 Share Posted April 17, 2019 EUR/USD AND USD/CHF REMAIN SUPPORTED ON DIPS EUR/USD is trading nicely above the 1.1280 support and it could continue to move higher. USD/CHF is currently correcting lower, but it remains supported on dips near 1.0050. Important Takeaways for EUR/USD and USD/CHF The Euro traded higher recently and tested the 1.1320 resistance area against the US Dollar. There is a major contracting triangle in place with resistance near 1.1305 on the hourly chart of EUR/USD. USD/CHF climbed higher recently above the 1.0000 and 1.0050 resistance levels. There is a crucial bullish trend line formed with support at 1.0050 on the hourly chart. EUR/USD Technical Analysis The Euro started a solid rebound after forming a support base above the 1.1200 and 1.1220 levels against the US Dollar. The EUR/USD pair climbed above the 1.1250 and 1.1280 resistance levels to move into a positive zone. Continue reading on FXOpen blog. Quote Link to comment Share on other sites More sharing options...
FXOpen_Official Posted August 5, 2019 Author Share Posted August 5, 2019 GBP/USD could recover, USD/CAD remains supported GBP/USD declined heavily this past week below the 1.2250 support area. USD/CAD is climbing higher and remains well supported above the 1.3200 level. GBP/USD Technical Analysis The British Pound started a strong decline from well above the 1.2400 level against the US Dollar. The GBP/USD pair broke the 1.2350 and 1.2250 support levels to enter a bearish zone. The decline was such that the pair even broke the 1.2200 support level and settled well below the 50 hourly simple moving average. A swing low was formed near the 1.2079 level on FXOpen and the pair is currently correcting higher. Read more on FXOpen blog... Quote Link to comment Share on other sites More sharing options...
FXOpen_Official Posted August 9, 2019 Author Share Posted August 9, 2019 AUD/USD and NZD/USD Sighting Strong Recovery AUD/USD started a decent recovery from the 0.6677 swing low and traded above 0.6750. Similarly, NZD/USD is now attempting an upside break above the 0.6500 resistance. AUD/USD Technical Analysis Earlier this week, there was a strong decline in the Aussie Dollar below the 0.6750 and 0.6700 support levels against the US Dollar. The AUD/USD pair traded as low as 0.6677 and recently started a convincing upside correction. The pair traded above the 0.6700 and 0.6750 resistance levels on FXOpen to move back in a positive zone. The upward move was positive since there was a close above 0.6750 and the 50 hourly simple moving average. Read more about AUD/USD and NZD/USD... Quote Link to comment Share on other sites More sharing options...
FXOpen_Official Posted August 12, 2019 Author Share Posted August 12, 2019 GBP/USD and EUR/GBP: British Pound Extending Losses GBP/USD remained in a significant downtrend and declined below the 1.2100 support. EUR/GBP is trading with a bullish bias with a strong support near 0.9250. GBP/USD Technical Analysis The British Pound faced a solid rise in selling pressure after it failed to climb above the 1.2320 resistance against the US Dollar. As a result, the GBP/USD pair started a strong decline and broke the key 1.2200 support area. The recent decline was such that the pair even broke the 1.2100 support level and the 50 hourly simple moving average. Finally, the pair traded below 1.2050 on FXOpen and formed a new multi-month low near 1.2015. Read more on FXOpen blog... Quote Link to comment Share on other sites More sharing options...
FXOpen_Official Posted August 14, 2019 Author Share Posted August 14, 2019 EUR/USD Could Decline While USD/JPY Is Climbing EUR/USD is struggling to gain momentum above the 1.1220 and 1.1240 resistance levels. USD/JPY climbed higher recently and it remains supported on dips above 106.00. EUR/USD Technical Analysis The Euro formed a decent support base near the 1.1080 level against the US Dollar. The EUR/USD pair started a solid upward move and climbed above the 1.1180 and 1.1200 resistance levels. Moreover, there was a break above the 1.1220 level and the 50 hourly simple moving average. Finally, the pair traded close to the 1.1250 resistance on FXOpen, where sellers took a stand. Read more about EUR/USD and USD/JPY... Quote Link to comment Share on other sites More sharing options...
FXOpen_Official Posted August 16, 2019 Author Share Posted August 16, 2019 Gold price and Crude Oil price could rise further Gold price is trading in a strong uptrend above the $1,500 support area. Crude oil price is also likely to gain bullish momentum once it clears the key $55.50 resistance area. Gold Price Technical Analysis Earlier this week, gold price surged above the $1,500 and $1,510 resistance levels against the US Dollar. The price even broke the $1,520 resistance level and traded to a new yearly high at $1,535. Recently, it corrected lower below $1,520 and $1,510. Moreover, there was a break below the $1,500 support and the 50 hourly simple moving average. A swing low was formed near $1,479 on FXOpen and the price started a fresh increase. Read more about Gold price and Crude Oil price on FXOpen blog... Quote Link to comment Share on other sites More sharing options...
FXOpen_Official Posted August 19, 2019 Author Share Posted August 19, 2019 GBP/USD and USD/CAD Holding Important Supports GBP/USD started a decent upside correction from the 1.2020 swing low and climbed above 1.2100. USD/CAD is currently correcting gains, but it is still above the key 1.3250 support area. GBP/USD Technical Analysis The British Pound traded close to the 1.2000 support area this month against the US Dollar. The GBP/USD pair formed a swing low near 1.2020 and recently started an upside correction. The pair recovered above the key 1.2080 and 1.2100 resistance levels. Moreover, there was a close above the 1.2100 level and the 50 hourly simple moving average. Finally, the pair climbed above the 1.2150 level and traded as high as 1.2175 on FXOpen. Read GBP/USD and USD/CAD technical analysis... Quote Link to comment Share on other sites More sharing options...
FXOpen_Official Posted September 9, 2019 Author Share Posted September 9, 2019 EUR/JPY and GBP/JPY Monthly Outlook The Euro and British Pound declined heavily in the past few months against the Japanese Yen. Both EUR/JPY and GBP/JPY are correcting higher, but upsides are likely to remain capped. EUR/JPY Technical Analysis In May 2019, the Euro started a major decline from well above the 125.00 support against the Japanese Yen. The EUR/JPY pair broke many key supports near 124.00 and 122.00 to move into a bearish zone. Moreover, there was a close below the main 120.00 support and the 50-day simple moving average. It opened the doors for more downsides below the 118.00 support level. Finally, the pair traded below 116.50 and a new multi-month low was formed at 115.85 on FXOpen. More about EUR/JPY and GBP/JPY... Quote Link to comment Share on other sites More sharing options...
FXOpen_Official Posted September 11, 2019 Author Share Posted September 11, 2019 EUR/USD and USD/JPY Monthly Outlook EUR/USD declined heavily in July and August 2019 before it found support near 1.0925. USD/JPY is also trading in a bearish zone below the main 107.50 and 108.00 resistance levels on the daily chart. EUR/USD Technical Analysis In the past few months, the Euro failed to gain bullish momentum and declined below the 1.1200 support level against the US Dollar. The EUR/USD pair declined heavily and broke the key 1.1150 support area. Finally, there was a close below 1.1150 and the 50-day simple moving average. The pair declined to a new multi-month low at 1.0925 on FXOpen and recently started an upside correction. Read more on FXOpen blog... Quote Link to comment Share on other sites More sharing options...
FXOpen_Official Posted September 13, 2019 Author Share Posted September 13, 2019 AUD/USD and NZD/USD Monthly Outlook AUD/USD declined heavily in July 2019 and found support near 0.6680 in August 2019. Similarly, NZD/USD remained in a bearish zone below 0.6500. Both pairs might correct higher, but upsides are likely to remain capped. AUD/USD Technical Analysis In July 2019, the Aussie Dollar broke a major support area near the 0.6860 level against the US Dollar. The AUD/USD pair declined heavily and settled below the 0.6900 and 0.6860 support levels. Moreover, there was a break below the 0.6800 level and the pair settled well below the 50-day simple moving average. A new multi-month low was formed near 0.6677 on FXOpen and the pair started forming a decent support base in August 2019. Read more... Quote Link to comment Share on other sites More sharing options...
FXOpen_Official Posted September 16, 2019 Author Share Posted September 16, 2019 GBP/USD and EUR/GBP: British Pound Back In Action GBP/USD started a solid upward move from the 1.2150 support area and climbed above 1.2500. EUR/GBP is currently declining and it might continue to struggle below 0.8900. GBP/USD Technical Analysis The British Pound started a strong rise after it broke the 1.2300 resistance area against the US Dollar. The GBP/USD pair climbed above the 1.2400 resistance level to continue higher and post a new monthly high. The pair even settled above the 1.2400 level and the 50 hourly simple moving average. Moreover, there was a break above a major bearish trend line with resistance near 1.2350 on the hourly chart of GBP/USD. Read more on FXOpen blog... Quote Link to comment Share on other sites More sharing options...
FXOpen_Official Posted September 18, 2019 Author Share Posted September 18, 2019 EUR/USD And USD/CHF Eyeing Upside Break EUR/USD recovered recently above the 1.1025 resistance level and it might continue to rise. USD/CHF is currently consolidating and it seems like it is sighting an upside break above 0.9940. EUR/USD Technical Analysis After a sharp decline, the Euro found support near the 1.1000 area support against the US Dollar. The EUR/USD pair traded as low as 1.0990 on FXOpen and recently started a solid recovery. The pair broke the 1.1025 and 1.1040 resistance levels to start a decent recovery. Moreover, there was a break above the 1.1050 resistance and the 50 hourly simple moving average. Read more on FXOpen blog... Quote Link to comment Share on other sites More sharing options...
FXOpen_Official Posted September 20, 2019 Author Share Posted September 20, 2019 Gold Price and Crude Oil Price Approaching Resistance Gold price recovered nicely from the $1,480 support area and climbed above $1,500. Crude oil price is correcting gains and it is facing hurdles near $60.00. Gold Price Technical Analysis Earlier this week, gold price declined sharply below the $1,500 support area against the US Dollar. The price even traded below the $1,490 support level and traded close to the $1,480 support area. A swing low was formed near $1,483 on FXOpen and the price recently started a fresh increase. It broke the $1,490 and $1,495 resistance levels to move into a positive zone. Find more about Gold and Crud Oil Technical Analysis... Quote Link to comment Share on other sites More sharing options...
FXOpen_Official Posted September 23, 2019 Author Share Posted September 23, 2019 GBP/USD Ans USD/CAD Likely Preparing For Next Move GBP/USD is following a nice bullish path above the 1.2450 support area and it could continue to rise. USD/CAD is also trading in a positive zone and is sighting the next key break. GBP/USD Technical Analysis The British Pound formed a solid support base above the 1.2280 level against the US Dollar. As a result, the GBP/USD pair started a strong upward move and broke many hurdles near the 1.2350 and 1.2400. The pair even broke the 1.2500 resistance area and the 50 hourly simple moving average. Finally, the pair climbed above the 1.2550 level and traded to a new monthly high at 1.2581 on FXOpen. Read more on FXOpen blog... Quote Link to comment Share on other sites More sharing options...
FXOpen_Official Posted September 25, 2019 Author Share Posted September 25, 2019 EUR/USD and USD/JPY Facing Key Resistance EUR/USD corrected higher above 1.1000, but it is facing many important resistances near 1.1025. Similarly, USD/JPY is approaching towards the 107.50 resistance area. EUR/USD Technical Analysis There were mostly bearish moves in the Euro in the past few days below 1.1050 against the US Dollar. The EUR/USD pair followed a bearish path and even broke the 1.1000 support area. Moreover, there was a close below the 1.1000 level and the 50 hourly simple moving average. The pair traded to a new weekly low at 1.0965 on FXOpen and recently started an upside correction. Read more on FXOpen blog... Quote Link to comment Share on other sites More sharing options...
FXOpen_Official Posted September 30, 2019 Author Share Posted September 30, 2019 GBP/USD and EUR/GBP: British Pound In Corrective Decrease GBP/USD is declining and is trading below the 1.2400 and 1.2350 support levels. EUR/GBP is rising again and is trading near the key 0.8900 resistance area. GBP/USD Technical Analysis The British Pound topped below the 1.2600 resistance area against the US Dollar. The GBP/USD pair started a fresh decline and broke many key supports near the 1.2500 and 1.2440 levels. Moreover, there was a close below the 1.2400 support area and the 50 hourly simple moving average. The decline was such that the price even traded below the 1.2300 level. A new weekly low was formed near 1.2270 on FXOpen and the pair is currently consolidating losses. Read more about GBP/USD and EUR/GBP on FXOpen blog... Quote Link to comment Share on other sites More sharing options...
FXOpen_Official Posted October 16, 2019 Author Share Posted October 16, 2019 EUR/USD remained well bid above the 1.0980 and 1.1000 levels and it could continue to rise. USD/CHF is currently holding an important support and it could climb above 1.0000. Important Takeaways for EUR/USD and USD/CHF The Euro is showing positive signs above the key 1.0980 support area against the US Dollar. There is a major bearish trend line forming with resistance near 1.1040 on the hourly chart of EUR/USD. USD/CHF is facing a strong resistance near the 0.9990 and 1.0000 levels. There is a crucial bullish trend line forming with support near 0.9970 on the hourly chart. EUR/USD Technical Analysis Recently, there was an upward move in the Euro above the 1.1020 resistance against the US Dollar. The EUR/USD pair traded above the 1.1040 level, but it struggled to clear the 1.1060 resistance area. A swing high was formed near 1.1060 on FXOpen and the pair corrected lower below the 50 hourly simple moving average. The pair traded below the 1.1020 support area and tested the 1.0990 area. A low was formed near 1.0991 and the pair is currently climbing higher. The recent high was 1.1044 and the pair is trading near the 50 hourly SMA. Moreover, it tested the 38.2% Fib retracement level of the recent wave from the 1.0991 low to 1.1044 high. On the upside, there is a strong resistance forming near the 1.1040 level. Besides, there is a major bearish trend line forming with resistance near 1.1040 on the hourly chart of EUR/USD. If there is an upside break above the 1.1040 resistance, the pair could revisit the 1.1060 resistance. Any further gains could push the pair towards the 1.1080 level. Read more here Quote Link to comment Share on other sites More sharing options...
FXOpen_Official Posted October 18, 2019 Author Share Posted October 18, 2019 AUD/USD is gaining bullish momentum and it recently broke the 0.6800 resistance area. NZD/USD is also showing a lot of positive signs and it recently settled above the 0.6350 hurdle. Important Takeaways for AUD/USD and NZD/USD The Aussie Dollar is trading in a bullish zone above the 0.6800 and 0.6810 supports against the US Dollar. There was a break above a major bearish trend line with resistance near 0.6760 on the hourly chart of AUD/USD. NZD/USD is also gaining momentum above the key 0.6350 resistance area. There was a break above a key bearish trend line with resistance near 0.6295 on the hourly chart. AUD/USD Technical Analysis This week, the Aussie Dollar formed a major support near the 0.6740 area and started a fresh increase against the US Dollar. The AUD/USD pair broke many key resistances near 0.6750 and 0.6760 to move into a positive zone. There was a close above the key 0.6800 resistance area and the 50 hourly simple moving average. Moreover, there was a break above a major bearish trend line with resistance near 0.6760 on the hourly chart of AUD/USD. The pair even broke the 0.6820 resistance, traded to a new high near 0.6838 on FXOpen, it is currently consolidating losses. An immediate support is near the 0.6820 level. Moreover, the 23.6% Fib retracement level of the recent wave from the 0.6775 low to 0.6838 high is also near the 0.6820 level. There is also a rising channel forming with support near the 0.6820 level on the hourly chart. Continue reading Quote Link to comment Share on other sites More sharing options...
FXOpen_Official Posted October 21, 2019 Author Share Posted October 21, 2019 GBP/USD gained bullish momentum above the 1.2700 and 1.2800 resistance levels. Conversely, USD/CAD is under pressure and it could continue to slide below 1.3100. Important Takeaways for GBP/USD and USD/CAD The British Pound is showing positive signs and is trading nicely above the 1.2850 pivot. There is a key bullish trend line forming with support near 1.2890 on the hourly chart of GBP/USD. USD/CAD declined recently and broke a few key supports near 1.3200 and 1.3180. There is a major bearish trend line forming with resistance near 1.3155 on the hourly chart. GBP/USD Technical Analysis The British Pound started a strong rise above the 1.2500 resistance area against the US Dollar. As a result, the GBP/USD pair broke many hurdles near the 1.2650 and 1.2700 levels to move into an uptrend. The pair surpassed the key 1.2800 resistance area and the 50 hourly simple moving average. Finally, the pair rallied above the 1.2950 resistance area and traded close to the 1.3000 area. A high was formed near 1.2983 on FXOpen and the pair is currently consolidating gains. It traded below the 38.2% Fib retracement level of the recent rally from the 1.2757 low to 1.2983 high. However, the 1.2870-1.2880 area is acting as a support. Moreover, the 50% Fib retracement level of the recent rally from the 1.2757 low to 1.2983 high is acting as a support. It seems like the pair is holding the key 1.2850 support and the 50 hourly simple moving average. Continue Reading... Quote Link to comment Share on other sites More sharing options...
FXOpen_Official Posted October 23, 2019 Author Share Posted October 23, 2019 EUR/USD climbed above the 1.1150 resistance and it is currently correcting lower. Conversely, USD/JPY remained in a bearish zone and it could slide below 108.00. Important Takeaways for EUR/USD and USD/JPY The Euro is currently correcting lower below the key 1.1150 support area. There was a break below a major bullish trend line with support near 1.1152 on the hourly chart of EUR/USD. USD/JPY is declining and is trading well below the 108.50 support area. There is a key bearish trend line forming with resistance near 108.65 on the hourly chart. EUR/USD Technical Analysis The Euro started a fresh increase after it broke the 1.1080 and 1.1100 resistance levels against the US Dollar. The EUR/USD pair even settled above the 1.1100 level to move into a positive zone. It opened the doors for more gains above 1.1150 and the pair settled above the 50 hourly simple moving average. Finally, the pair traded as high as 1.1179 on FXOpen. It is currently correcting lower below the 1.1160 and 1.1150 support levels. Moreover, there was a break below a major bullish trend line with support near 1.1152 on the hourly chart of EUR/USD. The pair is now trading well below the 1.1140 level and the 50 hourly SMA. At the outset, the pair is trading just below the 50% Fib retracement level of the upward move from the 1.1065 low to 1.1179 high. An immediate support on the downside is near the 1.1110 level. Continue reading... Quote Link to comment Share on other sites More sharing options...
FXOpen_Official Posted October 28, 2019 Author Share Posted October 28, 2019 GBP/USD started a downside correction after it tested the main 1.3000 resistance area. EUR/GBP is climbing higher, but it is facing a strong resistance near the 0.8670 level. Important Takeaways for GBP/USD and EUR/GBP The British Pound is currently correcting lower and it broke the 1.2920 support area. There are two bearish trend lines forming with resistance near 1.2850 and 1.2880 on the hourly chart of GBP/USD. EUR/GBP is climbing higher and it is showing positive signs above 0.8600. There is a breakout pattern forming with resistance near 0.8670 on the hourly chart. GBP/USD Technical Analysis The British Pound rallied this past week above the 1.2900 resistance area against the US Dollar. The GBP/USD pair even climbed above the 1.2950 and 1.3000 resistance levels. However, the pair failed to retain gains above 1.3000 and later started a downside correction. There was a break below the 1.2950 and 1.2920 support levels. Moreover, there was a close below 1.2900 and the 50 hourly simple moving average. The pair even spiked below 1.2800 and formed a low near the 1.2789 on FXOpen. It is currently consolidating losses and corrected above the 23.6% Fib retracement level of the recent decline from the 1.2944 high to 1.2789 low. However, there are many hurdles for the bulls near 1.2850, 1.2880, and the 50 hourly simple moving average. Moreover, there are two bearish trend lines forming with resistance near 1.2850 and 1.2880 on the hourly chart of GBP/USD. Continue reading... Quote Link to comment Share on other sites More sharing options...
FXOpen_Official Posted October 30, 2019 Author Share Posted October 30, 2019 EUR/USD is showing positive signs above the 1.1080 level and it could rise steadily. USD/CHF is currently correcting lower and it might start a major downside correction. Important Takeaways for EUR/USD and USD/CHF The Euro is currently trading nicely above the 1.1065 and 1.1090 support levels against the US Dollar. There is a key bearish trend line forming with resistance near 1.1120 on the hourly chart of EUR/USD. USD/CHF started a downside correction after setting a new weekly high near the 0.9968 level. There was a break below a major bullish trend line with support near 0.9945 on the hourly chart. EUR/USD Technical Analysis After a fresh decline, the Euro found support just above the 1.1070 level against the US Dollar. The EUR/USD pair formed a support base near 1.1075 and recently started a decent upward move. A swing low was formed near 1.1073 on FXOpen and the pair corrected above the 50 hourly simple moving average. Moreover, there was a break above the 1.1080 and 1.1100 resistance levels. The pair traded as high as 1.1118 and the pair is currently consolidating gains. An immediate support is near the 1.1105 level, plus the 23.6% Fib retracement level of the recent wave from the 1.1073 low to 1.1118 high. On the downside, there is a strong support forming near the 1.1090 level. Moreover, the 50% Fib retracement level of the recent wave from the 1.1073 low to 1.1118 high is likely to provide support. Continue reading... Quote Link to comment Share on other sites More sharing options...
FXOpen_Official Posted November 14, 2019 Author Share Posted November 14, 2019 EUR/USD is currently under pressure and it recently broke the 1.1065 support area. USD/CHF is also declining and it might move down towards the 0.9900 support area. Important Takeaways for EUR/USD and USD/CHF The Euro is currently trading in a bearish zone below the 1.1080 and 1.1065 resistances against the US Dollar. There is a major bearish trend line forming with resistance near 1.1020 on the hourly chart of EUR/USD. USD/CHF is currently declining and it recently broke the 0.9950 support area. There was a break below a key bullish trend line with support near 0.9940 on the hourly chart. EUR/USD Technical Analysis In the past few days, the Euro followed a bearish path from well above the 1.1100 level against the US Dollar. The EUR/USD pair broke many supports on the way down, including 1.1080. The pair even broke the 1.1065 support and the 50 hourly simple moving average. Finally, there was a break below 1.1040 and the pair traded as low as 1.1002 low on FXOpen. At the moment, the pair is consolidating losses above the 1.1000 support area. An immediate resistance is near the 1.1015 since it coincides with the 38.2% Fib retracement level of the recent decline from the 1.1042 high to 1.1002 low. Moreover, there is a major bearish trend line forming with resistance near 1.1020 on the hourly chart of EUR/USD. Above the trend line, the 50% Fib retracement level of the recent decline from the 1.1042 high to 1.1002 low is at 1.1022. Continue reading... Quote Link to comment Share on other sites More sharing options...
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