Tag Archives: SwingTrading

AUD/USD Price Analysis: Approaches upper end of monthly bullish channel near 0.7150

AUD/USD Price Analysis: Faces rejection near 0.6800 on red-hot US CPI, seems vulnerable

AUD/USD braces for the biggest weekly gain since November 2020 inside one-month-old ascending trend channel. Overbought RSI conditions suggest pullback from the stated channel’s resistance. 200-SMA holds the key for bear’s entry, bulls can aim for June’s peak beyond 0.7150 nearby hurdle. AUD/USD grinds higher around intraday top surrounding 0.7125 heading into Friday’s European session.… Read More »

USD/CAD Price Analysis: Bears attack six-week-old support line near 1.2750

USD/CAD steadies above 1.3020 ahead of BOC interest rate policy and US Inflation

USD/CAD takes offers to refresh intraday low, prints three-day downtrend at two-month bottom. Oversold RSI conditions, short-term key support line challenge bears. Recovery remains elusive until staying below 61.8% Fibonacci retracement level. USD/CAD bears keep reins for the third consecutive day around the lowest levels since June 10. That said, the Loonie pair refreshes its… Read More »

NZD/USD Price Analysis: Extends pullback from 100-DMA towards 0. 6400

NZD/USD seen back towards its recent lows in the 0.61 area on a 1 to 3 month view – Rabobank

NZD/USD snaps four-day uptrend around the two-month high. Nearly overbought RSI, pullback from monthly resistance line add strength to bearish bias. Tops marked during mid-June, early-August lure near-term sellers ahead of monthly support line. NZD/USD holds onto the previous day’s pullback from a two-month high as the adjacent key resistance line and 100-DMA challenge buyers… Read More »

EUR/USD Price Analysis: Slow grind to north pauses above 1.0300

EUR/USD Price Analysis: Inventory distribution stretches ahead of Fed policy

EUR/USD remains sidelined around monthly top, recently pressured near intraday low. RSI conditions, sustained break of five-week-old resistance keep buyers hopeful above 1.0280 short-term key support. 61.8% Fibonacci retracement guards immediate recovery, 200-SMA acts as an extra downside filter. EUR/USD renews intraday low near 1.0315 during Friday Asian session, snapping four-day uptrend around the monthly… Read More »

Silver Price Analysis: XAG/USD sellers approach $20.20 support confluence

Silver Price Analysis: XAG/USD rebounds from $18.20 area, some positive signs emerge

Silver price holds lower ground near the short-term key support comprising 50-day EMA, three-week-old ascending support line. Receding bullish MACD signals, sustained pullback from 61.8% Fibonacci retracement tease sellers. Bulls need validation from $21.00 to retake control. Silver price (XAG/USD) remains pressured at around $20.30, keeping the previous day’s bearish bias during Friday’s Asian session.… Read More »

GBP/JPY Price Analysis: Remains pressured towards 162.00 ahead of UK GDP

GBP/JPY sees downside below 163.00 as market mood sours

GBP/JPY fades bounce off weekly low ahead of the preliminary UK Q2 GDP. Multiple failures to cross 50-day EMA, previous support line from March favor sellers amid steady RSI, bearish MACD signals. 200-day EMA offers strong support, six-week-old horizontal line adds to upside filters. GBP/JPY holds lower grounds inside an immediate 30-pip trading range above… Read More »

EUR/USD Price Analysis: Bears seek acceptance below 1.0300

EUR/USD bears eye a move into test bullish commitments near 1.0050

EUR/USD snaps three-day uptrend, grinds lower at intraday bottom. MACD, RSI hint at a gradual upward trajectory but 1.0370 is the key hurdle. Further downside can aim the 1.0190 support confluence. EUR/USD remains pressured around the intraday low of 1.0275 heading into Thursday’s European session. In doing so, the major currency pair keeps the previous… Read More »

USD/CAD Price Analysis: Corrective pullback seeks validation from 1.2800

USD/CAD Price Analysis: Bears attack 50-DMA around mid-1.2800s

USD/CAD prints mild gains as it consolidates the biggest daily fall in two-months. Six-week-old support line, 200-DMA challenged bears but 100-DMA guards recovery moves. Sluggish MACD, RSI (14) fail to support recovery moves from the lowest levels since early June. USD/CAD grinds higher around the daily top as it pares the biggest daily slump since… Read More »

USD/INR Price Analysis: Indian rupee buyers stay hopeful below 79.60 hurdle

USD/INR Price News: Rupee renews record low at 79.60 as India’s inflation, growth appear grim

USD/INR pares the biggest daily loss in four months around weekly low. Key SMAs, two-week-old resistance line challenge buyers amid bearish MACD signals. Weekly horizontal support holds the gate for bear’s entry. USD/INR picks up bids to 79.22 as traders lick their wounds after the biggest daily fall since early April. Even so, the Indian… Read More »

EUR/USD Price Analysis: Pullback remains elusive beyond 1.0280 resistance-turned-support

EUR/USD appears consolidative near parity amidst risk-off mood

EUR/USD remains indecisive after retreating from five-week high. Monthly horizontal line challenges pullback from 50% Fibonacci retracement of June-July downside. Buyers have a comparatively smoother road to journey than the one signaled for bear’s return. EUR/USD treads water around 1.0300, after refreshing the monthly high, during Thursday’s initial Tokyo session. In doing so, the major… Read More »