EURUSD is experiencing considerable volatility, partly due to conflicting signals from its daily moving averages (DMAs). With the 21 DMA rising, the 55 DMA declining, the 100 DMA rising, and the 200 DMA almost flat, the currency pair lacks a clear directional trend across short-, medium-, and long-term perspectives.
Fibonacci retracement levels are key in...
Third time is a charm. USDCHF broken above key resistance after two previous tries following the SNB's rate decision. 0.90-0.91 in the horizon, maybe even 0.92 level
USDCHF After being rejected yesterday at the resistance and 0.618 retracement at 0.89 USDCHF is propelling higher today following SNB rate decision.
UDCHF is now seemingly headed towards the...
EURCHF is experiencing a significant bullish movement, currently testing the resistance at around 0.9775 after surpassing a minor resistance at 0.97.
This bullish move follows the pair's break above a falling trendline that dates back to January 2022 and its break back above the 200 Daily Moving Average, signaling a strong upward momentum.
On the weekly chart,...
The AUDJPY pair is approaching strong resistance and the 0.618 retracement at around 98.20. A daily close above this level could fuel a rally towards the February peak at 99, with potential up to 100, especially if the RSI supports the bullish view.
If rejected at the resistance, AUDJPY is likely to slide back to 97
The GBPJPY pair is testing the 0.618 retracement at 190.04. The RSI shows positive sentiment and has broken above its falling trendline, indicating that GBPJPY is likely to break above the 0.618 retracement and move higher. If the RSI closes back above the 60 thresholds, GBPJPY is likely to break above the February peak at 191.33 and move towards the 1.382...
The EURJPY pair is breaking above the 0.618 retracement at 162.38. The RSI shows positive sentiment and has broken above its falling trendline, indicating that EURJPY is set to move higher. If the RSI closes back above the 60 thresholds, EURJPY is likely to break above the February peak at 163.72, with potential to reach 165.00-165.88.
If it fails to close above...