Articles

Technical Analysis of GBPUSD on the 4-hour timeframe: 18/07/2023

The GBPUSD currency pair initiated an upward trend surpassing the resistance level at 1.2850, and subsequently crossed the 1.3000 level. Upon examining the 4-hour chart, you will find that this currency pair is positioned above the 200-period Simple Moving

EURUSD Technical Analysis on daily timeframe: 17/07/2023

The EURUSD currency pair has experienced a significant increase in the past 10 days, breaking its recent resistance levels and reaching its 17-month high last Friday. However, it appears that bulls may be unable to extend the recent rally as this pair has

Crude Oil Technical Analysis: 13/07/2023

The price of crude oil remained above the $70 level against the US dollar and managed to surpass the resistance level of $72.50. By examining the 4-hour chart of oil, you will notice that the price moved above the $73.50 level and settled above the 100-day

Technical Analysis of EUR/USD on an hourly timeframe: 12/07/2023

In the hourly chart of EUR/USD, this currency pair initiated a fresh increase from the 1.0835 area, and the euro climbed against the US dollar towards the upper resistance zone at 1.0900. As a result, this currency pair found itself above the resistance level


Technical analysis of the USD/JPY currency pair on an hourly timeframe: 11/07/2023

Due to concerns about potential intervention by the Bank of Japan (BoJ) in the market’s excessive selling, the yen had an upward trend. This upward trend continued until the currency pair surpassed the 142.00 level, which coincided with the intersection

Gold Technical Analysis on Daily Timeframe: 07/10/2023

Short-term fluctuations currently indicate an upward trend in gold’s movement on the daily timeframe. If the bullish pressures persist, a breakthrough of the range in 1925 could signify an ascent toward the resistance level in 1985. Should this level be

Technical Analysis of AUD/USD; 2023/07/05

After a significant decline against the US dollar, the Australian dollar created its support level near 0.6600. Then, AUD/USD declined to the level of 0.6595 and recently started a corrective upside move. Looking at the four-hour chart, you will notice that

USDJPY Technical Analysis; 04/07/2023

The USD/JPY currency pair is currently indicating a positive trend. As seen in the chart, the current price trend may continue its path toward the specified resistance level. The first resistance is located at 144.96 and poses a significant challenge due to

GBPUSD Technical Analysis; 03-07-2023

As seen in the image, the level of 1.2700 (23.6% Fibonacci retracement level with a 50-period simple moving average and a 100-period simple moving average) has been established as a key resistance level for the GBPUSD currency pair. A daily candle closing

Technical analysis of USDCAD on the 1-hour timeframe; June 28, 2023.

The Canadian dollar has experienced a downtrend following the announcement of the Consumer Price Index (CPI) for the month of May in the country. Currently, this currency is under selling pressure, and after the price dropped below the 1.3250 level and formed

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