The USD/JPY has broken its upward channel on a 30 minute time frame. However, the price is finding its support near the 100 day moving average, but it is important to point out that the lower line of this upward channel could act as a resistance line. Moreover, as the price is trading below the 50 day (shown in green) and near the 100 day (shown in yellow) moving averages, this confirms that the bulls are losing their control.Read More
The EUR/USD is moving towards its resistance on a 4 hour time frame. The Fibonacci retracement shows that the price has crossed its 61.8% retracement level and it is more than likely that it could complete its 100% move. The pair is trading well above the 50day (shown in green) and 100 (shown in yellow) day moving average which confirms that the bulls have strong control of the price. However, as it is approaching near its resistance level, a correction could also be on the card.Read More
The USD/JPY has just broken its downward trend line on a 30 minute time frame. This means that the correction may be over and the price is ready to continue its upward trend The pair is also trading above the 50 day (shown in green) and near the 100 day (shown in yellow) moving averages which is a further confirmation that the bulls are ready to take the control. But, if the price fails to break this 100 day moving average then we could see the price visiting the minor support level mentioned below.Read More
The EUR/USD fell from its resistance zone on a 30 minute time frame as predicted. This resistance zone was given in our analysis on the 4th of December.
The pair is finding its support near the 50 day (shown in green) and 100 day (shown in yellow) moving average, but a break of these averages will be a further confirmation of the weakness in the price. However, if the pair does bounce back from this support, the resistance at 1.3636 could still act as a major hindrance for the upsideRead More
The AUDNZD pair is trading in a support zone on a daily time frame. The pair has pierced the Bollinger band at this level which means that the volatility for the pair is high. The piercing of the Bollinger band does have a significant importance when this takes place at an important level of support or resistance because this could reverse or pause the current trend.Read More
The GBP/USD from resistance on a 30 minute time frame as predicted yesterday in our daily briefing analysis. The pair is finding its support from its upward trend line and has bounced back from this line which confirms that the uptrend is till intact.Read More