Browsing Tag

us dollar

GBP/USD and USD/CAD: US Dollar Could Slide Further

GBP/USD and USD/CAD: US Dollar Could Slide Further

GBP/USD started a fresh increase and traded above the 1.2700 resistance area. Conversely, USD/CAD declined heavily and broke the 1.3200 support area to enter a bearish zone. Important Takeaways for GBP/USD and USD/CAD The British Pound started a solid upward move once it broke the 1.2600 ...

Gold Price And Crude Oil Price Rally Significantly

Gold Price And Crude Oil Price Rally Significantly

Gold price rallied sharply and broke the $1,350 and $1,400 resistance levels. Similarly, crude oil price gained bullish momentum and broke the $55.00 resistance area. Important Takeaways for Gold and Oil Gold price started a solid upward move after it broke the $1,380 resistance against the US ...

EUR/USD Tumbling While USD/JPY Trading Sideways

EUR/USD Tumbling While USD/JPY Trading Sideways

EUR/USD failed to stay above 1.1250 and recently declined below 1.1200. USD/JPY is trading in a broad range and it could slide in the short term towards the 108.30 or 108.20 support. Important Takeaways for EUR/USD and USD/JPY The Euro started a strong decline from well above the 1.1300 support ...

Gold Price And Crude Oil Price Facing Uphill Task

Gold price started a downside correction after it climbed towards the $1,360 resistance area. Crude oil price seems to be forming a breakout pattern and is preparing for the next break. Important Takeaways for Gold and Oil Gold price started a downside correction after trading as high as $1,258 ...

GBP/USD and EUR/GBP: British Pound Facing Uphill Task

GBP/USD remained in a bearish zone and recently declined below the 1.2700 support. EUR/GBP is placed in an uptrend above 0.8880 and it could continue to move higher. Important Takeaways for GBP/USD and EUR/GBP The British Pound declined below the 1.2720 and 1.2700 support levels. There is a ...

EUR/USD Gaining Momentum While USD/CHF Is Recovering

EUR/USD formed support near 1.1215 and climbed steadily in the past few days. USD/CHF is currently recovering from the 0.9859 swing low and it could correct further higher. Important Takeaways for EUR/USD and USD/CHF The Euro remained in a positive zone above the 1.1200 and 1.1220 support ...

GBP/USD and USD/CAD: US Dollar Showing Signs of Weakness

GBP/USD gained pace this past week and recovered above the 1.2700 resistance. USD/CAD declined steadily below 1.3300, signaling short term US Dollar weakness. Important Takeaways for GBP/USD and USD/CAD The British Pound started a decent recovery and recovered above 1.2700 and 1.2720. There is ...

AUD/USD and NZD/USD Could Dip Before Fresh Increase

AUD/USD started a strong upward move and recently tested the 0.7000 resistance. NZD/USD also climbed higher and is currently correcting gains. However, dips remain supported for a fresh increase. Important Takeaways for AUD/USD and NZD/USD The Aussie Dollar started a solid upward move after it ...

EUR/USD Climbing Higher, USD/JPY Could Extend Losses

EUR/USD recovered recently above 1.1200 and 1.1240, with positive signs. Conversely, there were strong losses in USD/JPY below the 109.00 and 108.50 support levels. Important Takeaways for EUR/USD and USD/JPY The Euro started a strong upward move above the 1.1150 resistance level. There is a ...

GBP/USD and EUR/GBP: British Pound Could Recover

GBP/USD started a decent upward move above the 1.2600 resistance. EUR/GBP is currently correcting lower towards the 0.8830 support area. Important Takeaways for GBP/USD and EUR/GBP The British Pound declined recently and tested the 1.2560 support area. There was a break above a major bearish ...