Category: technicals
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Solana Retraces TRUMP Meme Pump Gains – But Technicals Suggest A $300 Run
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This article is also available in Spanish. Solana (SOL) faced a brutal sale yesterday, reflecting the collapse of the broader market caused by the escalation of the concerns of the American trade war. The price decreased more than 19 % in less than 24 hours, wiping weeks of gains and…
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The USD is lower on PCE data. What are the technicals telling us in EURUSD, USDJPY &GBPUSD
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US PCE data was below expectations and helped push the US dollar lower. For EURUSD, the price moved above the swing zone between 1.1181 and 1.11897. Next targets are at 1.1200 and this week’s high at 1.12130. Passing these levels will make traders target the 61.8% retracement of the downward…
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What are the technicals in the EURUSD saying into the new trading week
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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What are the technicals telling traders in the EURUSD, USDJPY and GBPUSD pairs
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In this video, I take a look at the three major currency pairs from a technical perspective. On Monday, the EUR/USD pair fell, approaching its rising 100-hour moving average which is currently at 1.1143 (current price at 1.11615). This moving average will be a key barometer for the pair in…
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USDCHF technicals are pretty easy as it trades between MA support and resistance.
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On Wednesday, the USD/CHF pair returned above its 100-hour moving average, and although the price corrected lower in yesterday’s Asian session and early European session, the bearish momentum found willing buyers near this moving average level. The subsequent rally on the back of yesterday’s rally in US stocks (and the…
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BOC rate decision and lower oil price help to push USDCAD higher. Technicals more bullish.
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As the market awaits tomorrow’s Bank of Canada interest rate decision, the USD/CAD pair has been rising in anticipation of a rate cut. The pair has also been helped by a sharp drop in oil prices, which have pushed the price down by about 8% from its highs last Wednesday…