The US dollar versus the Japanese yen currency pair managed to climb above the 109.08 level. Do the bears have any plans to undo their work?
Technical analysis of the news events that affect the course of the exchange rates helps traders by complementing the normal fundamental view of the situation. The posts below will be useful to get the understanding of the important exchange rate levels for currency pairs, which can then be used for calculating entry and exit points for trading based off the actual Forex news.
Technical Analysis News Archive
Did the Bulls Check 109.00 on USD/JPY?
June 5, 2020 at 4:55 Japanese Yen, Technical Analysis, US Dollar
GBP/USD Above 1.2514. Will the Bulls Continue the Rally?
June 4, 2020 at 4:53 Great Britain Pound, Technical Analysis, US Dollar
The Great Britain pound versus the US dollar currency pair managed to climb above the 1.2514 level. Is the rally in danger of bearish opposition?
AUD/NZD Peaked Above the Major 1.0826 Resistance
June 3, 2020 at 5:06 Australian Dollar, New Zealand Dollar, Technical Analysis
The Australian dollar versus the New Zealand dollar currency pair reached the destination of 1.0826. Is this where the bulls are leaving the market, or it is just the beginning?
First Bullish Attempt on GBP/CAD Fails at 1.6988
June 2, 2020 at 7:48 Canadian Dollar, Great Britain Pound, Technical Analysis
The Great Britain pound versus the Canadian dollar currency pair is maintaining its descending course. Are the bears back for good, at least from the medium-term perspective?
AUD/USD Beyond the 0.6700 Psychological Level
June 1, 2020 at 6:08 Australian Dollar, Technical Analysis, US Dollar
The Australian dollar versus the US dollar currency pair managed to climb all the way to the important 0.6700 level. Should the bulls expect a surprise comeback from the bears?
USD/JPY Bounced off the 108.05 Resistance
May 29, 2020 at 5:34 Japanese Yen, Technical Analysis, US Dollar
The US dollar versus the Japanese yen currency pair seems to have hit the wall at the 108.05 intermediary level. Does the next support, the psychological 107.00, serve as a solid ground for the bulls to resume a rise?
GBP/CAD Might Be Set for 1.6724
May 28, 2020 at 7:20 Canadian Dollar, Great Britain Pound, Technical Analysis
The Great Britain pound versus the Canadian dollar currency pair seems to be under bearish command. Do the bulls have any chance of getting into the scene in the near future?
AUD/NZD Testing the 1.0700 Support Level
May 27, 2020 at 8:22 Australian Dollar, New Zealand Dollar, Technical Analysis
The Australian dollar versus the New Zealand dollar currency pair sits above the 1.0707 support level. Is there a possibility for the bears to come with a surprise?
Bulls Back on GBP/USD from 1.2305?
May 26, 2020 at 8:36 Great Britain Pound, Technical Analysis, US Dollar
The Great Britain pound versus the US dollar currency pair seems to be trying to rotate towards higher prices. Are the bears waiting for better prices, or the bulls already started a rise?
AUD/USD Slipped Under the 0.6600 Mark
May 25, 2020 at 5:59 Australian Dollar, Technical Analysis, US Dollar
The Australian dollar versus the US dollar currency pair seems to have failed to profit from the fact the price went above the 0.6600 psychological level. Do the bulls still have a chance?