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.
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Results 51 to 60 of 226
Thread: FXOpen Technical Analysis
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23-09-2019, 07:56 AM #51
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25-09-2019, 07:57 AM #52
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.
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26-09-2019, 07:43 PM #53
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30-09-2019, 09:37 AM #54
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...
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17-10-2019, 01:05 PM #55
GBP/USD and EUR/GBP: British Pound Remains Supported
GBP/USD surged above the 1.2500 and 1.2700 resistance levels to move into an uptrend. EUR/GBP declined heavily below the 0.8800 support and it is currently correcting losses.
GBP/USD Technical Analysis
The British Pound formed a strong support base near the 1.2200 level against the US Dollar. The GBP/USD pair started a fresh increase and broke many key resistances near the 1.2400 and 1.2500 levels.
Moreover, there was a close above the 1.2500 resistance area and the 50 hourly simple moving average. The upward move was such that the pair even broke the 1.2650 and 1.2700 resistance levels. A new monthly high was formed near 1.2706 on FXOpen and the pair is currently correcting lower.GBPUSD-Chart-1-1024x479.jpg
It is trading below the 1.2650 level and is testing the 38.2% Fib retracement level of the recent rally from the 1.2423 low to 1.2706 high near the 1.2600 level.
On the downside, there are many important supports near the 1.2565 and 1.2550 levels. Moreover, the 50% Fib retracement level of the recent rally from the 1.2423 low to 1.2706 high is also near the 1.2565 level to provide support.
More importantly, there is a connecting bullish trend line forming with support near 1.2530 on the hourly chart of GBP/USD. It coincides with the 61.8% Fib retracement level of the recent rally from the 1.2423 low to 1.2706 high.
Therefore, dips from the current levels towards the 1.2550 and 1.2530 levels are likely to find a strong buying interest. On the upside, an immediate resistance is near the 1.2650 level. The main resistance area is near the 1.2700 level.
Read more here https://blog.fxopen.com/gbp-usd-and-...s-supported-2/
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17-10-2019, 01:08 PM #56
EUR/USD And USD/CHF Setting Up For Next Break
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.
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.
EURUSD-Chart-2-1024x479.jpg
See more at https://blog.fxopen.com/eur-usd-and-...or-next-break/
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18-10-2019, 08:15 AM #57
AUD/USD and NZD/USD Are Gaining Bullish Momentum
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.
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.
See more at https://blog.fxopen.com/aud-usd-and-...lish-momentum/
If there is a downside break below 0.6820, the pair could correct lower towards the 0.6800 support area. An intermediate support is near 0.6808, plus the 50% Fib retracement level of the recent wave from the 0.6775 low to 0.6838 high.
Only a close below the 0.6800 support might start a major correction towards the 0.6760 support area in the near term. On the upside, a clear break above the 0.6840 resistance may perhaps call for more gains towards the 0.6880 level.
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21-10-2019, 04:04 PM #58
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.
Read more here
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23-10-2019, 03:42 PM #59
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.
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28-10-2019, 02:46 PM #60
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...
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