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  • XtreamForexXtreamForex Posts: 183
    Technical Analysis on EUR USD or AUD USD

    EUR/USD Pair Shows the Bids to Triangle Around 1.1800

    The EUR/USD pair rose to the level by 1.1860 on this Monday Session due to this major currency pairs trades inside the symmetrical triangle to the upside momentum to the 200 SMA.

    The RSI conditions do not seem as overbought and oversold to the continuation of the recovery of the moves that can be expected.

    EUR/USD buyers right now eye the support line of the expressed triangle, at 1.1881 now, while focusing to invigorate the month to month top containing 1.1920.

    In the pattern, the example's support line at the level by 1.1835 now, goes before a 200-bar SMA level of 1.1789 to test the momentary drawback. Additionally going about as support is the November 04 high of the level by 1.1770.

    AUD/USD Pair Trapped to the Ascending Triangle

    AUD/USD is currently trading at the level above 0.7310, speaking to a 0.16% addition on the day.

    While the pair is blazing green, it is yet to leave a fourteen-day climbing triangle, as observed on the 4-hour outline. All things considered, the quick inclination stays equal.

    A break over the upper finish of the triangle, as of now at the level 0.7340, would infer a continuation of the convention from the Nov. 2 low of 0.6991 and open the entryways for 0.7413 (Sept. 1 high).

    Then again, a triangle breakdown would infer a transient bearish inversion and move risk for a drop to 0.6991.

    A bullish breakout takes a look at press time, as the value markets are cheering possibilities of an early rollout of Covid antibodies in the US.
    XtreamForex
  • Forex20Forex20 Posts: 1
    Ahead of offering Top Online Forex Trading Conditions XtreamForex also provides you Daily Forex Analysis and helps you to get in touch with latest Forex news.
  • XtreamForexXtreamForex Posts: 183
    Technical Analysis on Gold & Silver

    Gold Price Risks to Falling to 200 day Level

    The Gold Price is going under the long-held support because the gold now risks falling to the 200- day Simple Moving Average. The breakdown is sponsored by an underneath 50 or bearish perusing on the 14-day Relative Strength Index (RSI) and a negative MACD histogram. The 5-and 10-day SMAs are moving south, demonstrating a bearish arrangement, as is the bearish hybrid of the 50-and 100-day SMAs.

    The yellow metal closed below $1,850 on Monday, disregarding the level, which went about as a solid floor on various occasions since September.

    Thusly, the drawn-out SMA of the level by $1,796 could before long become possibly the most important factor. The yellow metal is right now trading at a four-month low of $1,824 per ounce, speaking to a level 0.68% drop on the day.

    XAG/USD Price Cling to the 100 Day EMA to Three Week Low

    Silver costs backtrack misfortunes from the multi-day low at the level of $23.42 while taking rounds to the level of $23.60 during the early Tuesday's Asian meeting. The white metal dropped to the most minimal since November 04 in the wake of denoting various pullbacks from 50-day EMA protections during the most recent four days.

    Not just the ware's powerlessness to cross the key EMA, yet MACD conditions additionally favor the silver bears to eye a rising pattern line from September 24, at the level $23.23 now. However, a continued drawback break below the 100-day EMA level of $23.60 gets vital for that.

    For a situation where the bullion remains frail past-$23.23, the 23.00 and the 22.00 round-figures can offer middle of the road stops to the drawback focusing on 200-day EMA and September's base, separately around $21.75 and $21.65.

    Then again, a corrective pullback needs to defeat the 50-day EMA level of $24.35 to test the mid-month top near $25.10.

    Nonetheless, any further potential gain past-$25.10 will help the silver bulls with testing the month-to-month top close $25.85.
    XtreamForex
  • XtreamForexXtreamForex Posts: 183
    Technical Analysis on EUR USD or GBP USD

    EUR/USD Pair Seems Bulls And Keep Gain At Level 1.1920

    The EUR/USD is currently traded at the level near 1.1928 to the highest level. The pair will need to establish the horizontal resistance at the level by 1.1920.

    The Bullish will see on the viewpoint to the descending triangle breakdown that confirmed the earlier month also open the doors to re-test of the 1.2011. An inability to hold above 1.1920 could yield a pullback to the climbing 10-day Simple Moving Average, at present at 1.1870. The pair timed a high of 1.1928 on Wednesday yet shut under 1.1920.

    GBP/USD Pair Goes Weekly Highs Under Level by 1.3400

    On Wednesday, GBP/USD fell as low as 1.3310 during the European morning meeting, yet through the European evening and US morning ground back towards highs set on Monday of just below at the level 1.3400. As exchange settles down for what is probably going to be a tranquil Thursday Asia meeting in front of slender US Thanksgiving occasion trade for the remainder of the week, the pair has moved back to around 1.3380.

    On the off chance that Cable can break it above 1.3400, there isn't much by the method of critical zones of opposition in front of year-to-date highs at 1.3485, level bulls are probably going to weapon for in the event of a definitive potential gain break (maybe prodded by the information on a Brexit bargain being reached).

    In the bearish situation, the main territory of help is probably going to come around 1.3350 as an upturn connecting last Thursday's, Monday's, and Tuesday's lows. Past that, Wednesday's low at 1.3304, Tuesday's low at the level 1.3293, and Monday's low at 1.3262 are the following help zones to keep an eye out for.
    XtreamForex
  • XtreamForexXtreamForex Posts: 183
    Fundamental Analysis Of the Week

    Watch This Major Financial Market Events to Start Your Week

    COVID-19 Vaccine Timing

    To start the fresh week watch out the News this month of three promising coronavirus vaccine candidates has helped propel the Dow Jones Industrial Average over 30,000 and investors will be closely following plans for the initial rollout to the Market Movements.

    U.S. health officials are to hold an emergency meeting on Tuesday to recommend that the Food and Drug Administration allow healthcare professionals and people in long-term care facilities to be the first two groups to get a coronavirus vaccine developed by Pfizer and a German partner BioNTech, which is awaiting approval.

    The decision of the meeting indicates that the FDA may be close to authorizing the distribution of the vaccine, at least for the most at-risk groups.

    The United States recorded its 12 millionth COVID-19 case on Nov. 21, and health experts have warned that travel for the Thanksgiving holiday will likely push case counts sharply higher.

    Nonfarm payrolls

    Concerns that the steeply increasing numbers of new virus cases and more widespread containment measures have been undermining the recovery in the labor market mean that Friday’s November nonfarm payroll figures will be closely watched.

    The report is expected to show a seventh straight month of job gains, but the consensus forecast that only 500,000 jobs were added. The unemployment rate is expected to tick down to 6.8% from 6.9%, still well above the 4.5% rate in March, before much of the U.S. economy went into lockdown.

    The economy added 638,000 new jobs in October, which was the smallest gain since the jobs recovery started in May.

    The calendar also features the ISM manufacturing PMI on Tuesday and the ISM non-manufacturing PMI along with the weekly report on initial jobless claims on Thursday.

    Jerome Powell and Mnuchin Faceoff

    Fed Chairman Jerome Powell and Treasury Secretary Steven Mnuchin are to testify before the Senate Banking Committee on Tuesday and again a day later before the House Financial Services Committee.



    XtreamForex
  • XtreamForexXtreamForex Posts: 183
    Technical Analysis on Gold & Silver

    Gold Price Rising Immediate to Wedge Probe to Bounce off At Level $1,764

    The Gold picks the bids near at the level by $1,785 to the 0.50% intraday while heading to the European session. Moreover, the yellow metal dropped to the five-month low as compare to the previous bouncing off at the level by $1,764.60.

    On the other hand, the RSI conditions have favored the bullion to the buyers on the recovery moves, The underlying bearish pattern to the rising wedge keeps the seller’s hope.

    Notwithstanding, the affirmation of the south-run need from the drawback break of rising wedge's help, at $1,780.70 now, prior to peering toward the most recent multi-month low close $1,764. It should likewise be noticed that May 2018 pinnacle encompassing $1,765 adds solidarity to the help in front of featuring the April 218 high of $1,747.82.

    XAG/USD Drangs to Doji On Monday Above $22.00

    Silver price is taken around at the level by $22.68 to the 0.12% intraday during this Tuesday Asian Session. The White Metal is dropped to the fresh low at the level to bouncing off to the $21.89.

    With that, Monday's day by day flame ends up being a dragonfly Doji, bullish candle, which likewise gains uphold from an almost oversold RSI line, right now around 34.00.

    Subsequently, the ware's further pullback towards the $23.00 edge can't be precluded. Notwithstanding, a 10-day SMA and a diving obstruction line from November 09, presently around $23.40, will confine the statement's further potential gain.

    On the other side, the $22.00 round-figure and the ongoing low of around at the level by $21.90 may engage the vendors in front of guiding them to September's low of $21.65.

    Be that as it may, the metal's further shortcoming below $21.65 will make it powerless towards returning to the $20.00 mental magnet and February high close to $19.00.
    XtreamForex
  • XtreamForexXtreamForex Posts: 183
    Technical Analysis on EUR USD or GBP USD

    EUR/USD Pair Is Corrective Pullback to Overbought RSI Warrant

    The EUR/USD pair will extend the bullish momentum to the third session that following the big breakout above at the level by the 1.2000 to the Witnessed to the last Tuesday.

    The Spot that confirmed the five-month-long rectangle to the formation on the daily chart that opening the doors that measured the target near at the level by the 1.2400 level.

    The pair trades shows above the major daily moving average that suggesting the least resistance to the upside. It is the relevant upside to the target at the level of 1.2150.

    To the drawback, a quick pad anticipates at the round number of 1.2100, below which Wednesday's low of 1.2040 could become possibly the most important factor.

    Further south, the example obstruction currently upholds at the level 1.2000 could help slow down the amendment in the primary currency pair.

    GBP/USD Pair Sidelined Near At the Level 1.3370 Bulls To See Progress

    GBP/USD is trading generally unaltered on the day close to the level 1.3370 during Thursday's Asian trading hours, with indications of buyers depletion on specialized charts.

    The long upper wicks joined to the past two 4-hour candles show bull disappointment or weariness in the level at 1.3370-neighborhood. At the end of the day, the bob from the Dec. 2 low of level 1.3288 is running out of steam.

    Accordingly, the bulls need snappy GBP/USD is trading generally unaltered on the day close to 1.3370 during Thursday's Asian trading hours, with indications of purchaser weariness on technical patterns.

    The long upper wicks joined to the past two 4-hour candles show bull disappointment or weariness in the 1.3370-neighborhood. At the end of the day, the skip from the Dec. 2 low of 1.3288 is running out of steam.

    All things considered, the bulls need brisk advancement above 1.34; else, the pair hazards tumbling to its 50-day Simple Moving Average (SMA) uphold at 1.3353. An infringement there would uncover the 100-day SMA situated at 1.3288. ogress above 1.34; else, the pair hazards tumbling to its 50-day Simple Moving Average (SMA) uphold at 1.3353. An infringement there would uncover the 100-day SMA situated at 1.3288.










    XtreamForex
  • XtreamForexXtreamForex Posts: 183
    Technical Analysis on EUR USD or AUD CAD

    EUR/USD Pair Seems Above 1.21 Risks Pullback to Hurdle Turned

    EUR/USD is trading a sideways way around 1.2110 at press time, having confronted dismissal close to the level 1.2170 in the past three trading days.

    Monday's drop confirmed the upturn weakness motioned by the long upper wicks connected to the past two everyday candles and an over 50 or overbought perusing on the 14-day Relative Strength Index.

    The MACD histogram, a marker used to distinguish pattern strength and pattern changes, is currently outlining lower highs, additionally an indication of buyers weariness.

    The stage looks set for a drop to the previous obstacle turned-backing of the level 1.2011 (September high). A nearby above 1.2178 (Friday's high) is expected to restore the bullish inclination.


    AUD/USD Pair Goes To Lower to Indecisive Bounces

    AUD/USD has recovered to the level of 0.7427 from the meeting low of 0.7410. The pair, nonetheless, is as yet caught in Monday's trading range of the level 0.7454 to 0.7372.

    The Aussie saw two-route business on Monday and finished the day with minimal misfortunes, framing a day by day flame with long wicks and little body. That is an indication of hesitation in the commercial center.

    The quick predisposition will stay unbiased as long as the pair is exchanging between Monday's high and low. A break above 0.7454 (Monday's high) would suggest bullish continuation and uncover the mental obstacle of 0.75. On the other hand, a move underneath Monday's low of the level 0.7372 would confirm a momentary bearish inversion and open the entryways for a remarkable pullback.



    XtreamForex
  • XtreamForexXtreamForex Posts: 183
    Technical Analysis on EUR USD & USD CAD

    EUR/USD Pair Looks to South After Failed the Breakouts on 4H

    The EUR/USD is trading is around the level of 1.2130 at the time of the writing that failed to the keep gains seems above to the 1.2160 to the multiple times during the previous two weeks.

    The EUR/USD is trading is around the level of 1.2130 at the time of the writing that failed to the keep gains seems above to the 1.2160 to the multiple times during the previous two weeks.

    The pair had broken the higher falling to the channel that represented the trendlines to the lower last week to signal the resumptions of the rally at the low of the 1.18 and the opening doors to the 1.22.

    The Breakouts seems the short lives to the fell back to the below to the level by 1.21 on this Friday that failed the breakout to the widely bearish signal. The Uptrend exhaustion is signaled to the long upper wicks that attached to the several candles that suggest the potential for the drop to the former hurdle-turned the support to the level by 1.2014.

    USD/CAD Pair Teases to Bear Below at the level By 100 HMA

    The USD/CAD is dropped down at the level by 1.2758 to the 0.08% intraday during this Monday in the Asian Session. The Pair was bounced off the level by 1.2745 that pull back to the level by 1.2763.

    For a situation where the USD/CAD traders keep the reins past-1.2700, the mid-2018 lows close to the level by 1.2630 will be at the center of attention.

    In the interim, 100-HMA and highs set apart since last Monday, separately close to the level by 1.2785 and 1.2835, can monitor the pair's momentary potential gain.

    In the event that all the USD/CAD buyers return after 1.2835, the 1.2900 limit and the month to month top close to the level 1.3010 will be on their radars.
    XtreamForex
  • XtreamForexXtreamForex Posts: 183
    Technical Analysis on EUR USD or GBP USD

    EUR/USD Pair Stuck on familiar Range to US Stimulus Eurozone PMIs

    The EUR/USD pair gained some of the positive traction that exit to the trading range of 1.2059 to 1.2178. The pair is currently traded at the higher level 1.2162 that traded near the 32 month goes against the majors.

    The US Congress pioneers' guaranteed to break the long-standing stalemate on the Covid help bundle during the Asian exchanging hours, welcoming selling pressure for the place of refuge US dollar. Up until this point, be that as it may, the policymakers have stayed quiet on how conversations are advancing.

    More delicate than-anticipated PMIs could have a heading on EUR/USD, all the more in this way, as its specialized outlines are giving indications of bull weariness around the level 1.2170. The US Retail Sales information and the Federal Reserve rate choice could likewise impact the pair.

    GBP/USD Pair Goes to Uptrend bulls at the level by 1.3400

    GBP/USD pairs decline to the intraday low of 1.3436 down at 0.08% during this early Wednesday. Moreover, the traders stay remain positive to the currency at the downside to the two-day runup.

    While bearish MACD and disappointments to cross the December 09 high of 1.3478 shows the additional disadvantage of the statement, a joint of 10-day SMA and a falling pattern line from December 04, around at the level 1.3375, will confine any further shortcoming.

    In the event that at all the 1.3375 help union neglects to stop GBP/USD dealers, an upward slanting pattern line from September 25, at 1.3157 now, will be in core interest.

    Then again, potential gain freedom of the one-week high close to 1.3480 will assault the month to month top encompassing 1.3540.

    During the GBP/USD ascend past-1.3540, the 1.3600 and highs set apart during May of 2018, around 1.3615, will be the way to follow.
    XtreamForex
  • XtreamForexXtreamForex Posts: 183
    Technical Analysis on EUR USD or GBP USD

    EUR/USD Pair Prints Higher to Close Since April 2018

    The EUR/USD is closed this Wednesday seems at the level of 1.2196. It goes to the daily highest close to the 32 months that fall near at the level by 1.2170 to the long upper wicks that attached to the daily candles that created the opened doors to the continuation rally to the level by 1.16.

    A bull banner breakout on the 4-hour outline shows the easiest course of action to the higher side. Up until this point, a persuading break above 1.22 has stayed slippery. The cash pair is as of now exchanging close to 1.2194, having dismissed at the level by 1.2113 during the overnight trade.

    Obstruction is seen at 1.2414 (April 2018 high), trailed by 1.2558 (February 2018 high). The backing is situated at 1.2125 (Wednesday's low), under which, the center would move to 1.2011 (Sept. 1 high).

    GBP/USD Price Goes Bulls to Three-Month On Rising Channel

    GBP/USD buyers assault an intraday high at the level by 1.3512, up 0.18% on a day, during Thursday's Asian meeting. The link rose to the new multi-month high the earlier day while remaining inside a climbing pattern channel development sets up since mid-September.

    However, a rising pattern line connecting highs set apart from September 01, at 1.3546 now, challenges the pair's further potential gain.

    Subsequently, the GBP/USD costs may observe a pullback except if effectively crossing the prompt opposition line and the upper line of the expressed channel, separately around 1.3545 and 1.3555.

    For a situation where the bulls figure out how to cross the 1.3555 blemish on a day by day shutting, an upward slanting pattern line from March 2020, close to 1.3660, will be at the center of attention.

    On the other side, 1.3515 and December 11 top close to 1.3325 can offer prompt backings during GBP/USD pullback.

    It should, in any case, be noticed that the bears are more averse to quit fooling around except if seeing a disadvantage break of channel uphold, at 1.3158 at this point.
    XtreamForex
  • XtreamForexXtreamForex Posts: 183
    Technical Analysis on XAU USD

    XAU/USD Pair Seems on the Road Recovery at Battle 50 HMA

    The XAU/USD is witnessed in a good way to seems in the business on this Monday. The traders danced to the optimism of the agreement of the US stimulus deal on the first half of the day.

    Then, in the last piece of the day, gold drooped almost $50 from week by week highest points of $1907 to $1855 levels on the account of another Coronavirus strain found in the UK, which fuelled hefty hazard avoidance no matter how you look at it and siphoned the greenback against its significant adversaries.

    The prompt help is seen at the 21-HMA, presently at $1880, beneath which the upward-slanting 100-HMA at the level by $1876 could be tried. Further south, the basic 200-HMA at $1856 will be a difficult one to figure out for the bears.

    On the other side, the Relative Strength Index (RSI) still holds over the midline, saving the inclination for a bounce-back flawless.

    Acknowledgment over the 50-HMA obstruction could uncover the $1900 level. The following opposition anticipates at Monday's high of $1907.
    XtreamForex
  • XtreamForexXtreamForex Posts: 183
    Technical Analysis on EUR USD or GBP USD

    EUR/USD Pair Rejected Above the Level At 1.22

    The EUR/USD pair seemed on the bulls struggle to the psychological hurdle at the level by 1.22 to the third consecutive day. Moreover, the pair is currently traded at the level 1.2188 that is printed at the to the 1.2208 to the early today that seemed to the level by 1.22 handle on this Thursday and Friday.

    The prompt inclination would turn bearish, opening the entryways for 1.2059 (Dec. 9 low) if the dismissal above 1.22 is trailed by a disadvantage break of the trendline ascending from Nov. 4 lows. At press time, the climbing trendline uphold is situated at 1.2166.

    The pair was close above the level by 1.22 that will shift the risk in favor of the re-test of the recent to the level by high to 1.2272.

    GBP/USD Pair Rising Wedge to Hourly Chart to US Brexit Optimism

    GBP/USD pair stayed heavy around the level at the 1.3545 down at the level 0.08% intraday during the initial hour according to the Tokyo open on this Monday. Moreover, the pair seem to the bearish chart that will see the pattern on the hourly chart formation.

    The pair multiple to the pullbacks to the level by 1.3619/24 area to the normal RSI conditions to the confirmation of the rising wedge before going to take the entries. On the other hand, the pair will see the downside break at the level 1.3525 to the 200 HMA level to the 1.3460.

    On the other hand, a potential gain leeway of 1.3624 necessities to cross the upper line of the expressed rising wedge, as of now around 1.3630, to focus on March 2018 low close to 1.3710.
    XtreamForex
  • XtreamForexXtreamForex Posts: 183
    Technical Analysis on Gold & Silver

    XAU/USD Pair Goes Intraday High Below at Level $1,900 to US Stimulus Updates

    The Gold price seems near at the level of $1,880 during the Tuesday Asian Session. The pair will stretch the latest pullback to the level by $1,871 to the previous downbeat. If we have a look at the market moves of the market optimism to the US coronavirus aid package news.

    Not all things sign by President Trump crossed the House on Tuesday as policymakers cast a ballot 322-to-87 to supersede one of Mr. Trump's rejections, underscoring the broad notoriety of the military enactment, which approves a salary increase for the country's soldiers, said The New York Times.

    On the other hand the S&P 500 backdrop to the wall street to the benchmarks that will refresh the tops to the futures prints to the mild gain to the 3,700 according to the press time. The unless providing the trendline that was following from the November 30 at the level by $1,878 and now the gold prices eye is at the level by $1,900 threshold.

    XAG/USD Grinds to the Level Back to the Asian Session to Level by $26.50 to More Than 3.0%

    The silver prices are substantially higher on the first trading day to the final trading week. Moreover, the volume of the many markets participants to the particular Europe and North America that is still away from for the Christmas and New Year Celebrations to the fundamental developments. The XAG/USD trade gains will be going more than the 3.0% on the day to the precious metal will rally above the level by $26.00 during the early trading session.

    The outcome is that stocks are extensively higher, US securities are lower (likewise reflecting desires for more inventory as the public authority issues obligation to support its upgrade) and unrefined petroleum, mechanical metals, and valuable metals markets are comprehensively higher. USD is likewise barely more fragile on the day, however, FX markets conditions have been somewhat choppier.
    XtreamForex
  • XtreamForexXtreamForex Posts: 183
    Technical Analysis on EUR USD or GBP USD

    EUR/USD Pair Shows On Bulls to at the level by 1.2275 to Resistance Confluence

    The EUR/USD is the mark to the 0.15% to the intraday gain that currently around at the level by 1.2275 to keeping the previous days to the momentum inside the ascending trend channel to the formation to the Wednesday Asian Session.

    Moreover, the currency major has printed the three-day winning streak to the strong RSI and the Bullish MACD in which it will turn highlights to the strength to the resistance channel to the monthly high.

    It should, notwithstanding, be noticed that the pair's capacity to cross 1.2275 will invigorate the multi-month high glimmered prior while peering toward the April 2018 pinnacle encompassing 1.2415. During the potential gain, the 1.2300 edges can offer a moderate end while the March 2018 high of 1.2476 can challenge EUR/USD purchasers thereafter.

    Then, the past opposition line, presently upholds, at 1.2230, confines the pair's pullback pushes forward of the channel uphold close to 1.2210.

    In the event that at all the EUR/USD traders hide in around at the level 1.2210, the 1.2200 adds a channel to the disadvantage focusing on the mid-month low around 1.2130/25.

    GBP/USD Pair Extends to the 21 days SMA to Bounce off to Resistance Line

    The GBP/USD pair picks the bids near to the level by 1.3535 to the 0.27% intraday in this Wednesday’s to the Asian Session. To stretch the cable and U-turn to the 21 days SMA to the buyers to falling to the trend line.

    To seems the RSI conditions to the trading above the 21 days SMA to the upward sloping trend to the bulls that will set the level by the monthly peak to the surrounding level by 1.3620.

    Should authentic purchasers keep the reins past-1.3620, March 2018 low around 1.3710 will be the key?

    On the other side, the 1.3500 edges can offer prompt help in front of the 21-day SMA, as of now around 1.3430. However, GBP/USD bears are less inclined to intercede except if seeing a day by day close beneath the multi-day-old helpline, at 1.3255 at this point.
    XtreamForex
  • XtreamForexXtreamForex Posts: 183
    Technical Analysis on EUR USD or USD CAD

    EUR/USD Pair Goes to the Bids to Top Around Level At 1.2300

    The EUR/USD pair will poke at the 32 months high as compare to the previous day that would take round at the level by 0.12% intraday during this early Thursday. The pair will be jumped to the multi-month high after clearing the December top.

    The EUR/USD buyers are successfully trading above at the level by 10-SMA and go upward to the sloping trend line to the MACD to the flirts bulls. At present, the upside momentum seems to ascend the trendline at the level by 1.2370 now to the round figure .2400.

    In actuality, a disadvantage break of the early-month high close to 1.2270 can re-test the 10-day EMA level of 1.2230. However, trendlines extended from early November and December 09, individually around 1.2215 and 1.2200, will test the statement's further shortcoming.

    For a situation where the EUR/USD bears retake control below at the level 1.2200, the 1.2000 and the early November high close to 1.1920 will pick up the market's consideration.

    USD/CAD Pair Ignore the Falling Wedge on 1D

    The USD/CAD seems around the mid at the level by 1.2700 the recent downside to the momentum during the Thursday trading session. The pair dropped below the level by 10-day SMA to the previous day.

    All things considered, two skips off 1.2688, the multi-month low blazed before about fourteen days, are on the USD/CAD dealers' radar right now. However, any further drawback will be tested by the lower line of the expressed example close to the level of 1.2590.

    Then, potential gain freedom of 10-day SMA, at 1.2827 presently, will eye to affirm the expressed bullish example with a break over the 1.2870 obstruction line.

    In spite of the fact that a fruitful move past-1.2870 hypothetically demonstrates a slow run-up past 1.3500, 50-day SMA close to 1.2970, the 1.3000 thresholds, and numerous tops underneath 1.3400 can challenge the bulls during the ascent.
    XtreamForex
  • XtreamForexXtreamForex Posts: 183
    Technical Analysis on EUR USD or GBP USD

    EUR/USD Pair Traded Near to the Psychological at Level 1.23

    The EUR/USD pair is traded at the level by the psychological level at 1.23 according to the press time that was failed to the foothold that will seem above at the level by fourth straight trading day on this Tuesday.

    If we see the repeated rejection above at the level by 1.23 that indicates the uptrend exhaustion to validate the 14-day Relative Strength Index Bearish Divergence.

    The Quick progress seems above at the level by 1.23 to the uptrend going on the other hand the downside level seems at the violation support at the level by 1.2215 to the temporary bear reversal that will shift to the risk sub at the level 1.21.

    GBP/USD Pair Seems at Bulls Eye With two Week Old Previous Support to level 1.3600

    The GBP/USD pair picks up near the level of 1.3628 during this Wednesday according to the Asian Session. In Addition, the successful trading seems beyond the 50 HMA bullish to the MACD and the GBP/USD to the Past 100 HMA to the upside of the pair.

    Be that as it may, potential gain moves past-1.3645 will have an uneven street as the month to month top close to 1.3705 and March 2018 low around 1.3710 stands tall to test the GBP/USD strength. On the other side, 50-HMA and 100-HMA, separately around 1.3615 and 1.3550, limit the transient drawback of the GBP/USD costs. Should GBP/USD bears rule past-1.3550, there are various backings around 1.3530-20 in front of featuring the sub-1.3500 zone.
    XtreamForex
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