Forex News

BTCUSD analysis for 25.09.2023

On the 4-hour chart of BTCUSD, the short-term Simple Moving Average (SMA) has recently crossed below the long-term SMA, signaling a potential bearish trend. This bearish crossover often suggests the momentum has shifted towards sellers, especially when combined with other indicators. The Parabolic SAR, which serves as a trend-following indicator, has produced three consecutive dots above the price candles, reinforcing the bearish sentiment. Lastly, the Relative Strength Index (RSI), currently...

September 25, 2023By Forex News0 CommentsRead more...

Gold analysis for 22.09.2023

Gold's 4-hour chart paints a bearish picture, underscored by multiple indicators. The recent cross of the short-term SMA below the long-term SMA signals a potential downturn. The Bollinger Bands' widening is indicative of increased volatility, further supported by two recent candles touching the band's lower edge, suggesting selling pressure. The MACD analysis further solidifies this bearish outlook. Its line crossing below the signal line typically hints at a possible downward...

September 22, 2023By Forex News0 CommentsRead more...

EURJPY analysis for 21.09.2023

The AUDNZD exhibits a predominantly sideways trend with a hint of bullishness. The shorter SMA, initially beneath the longer one, is now at a pivotal intersection, potentially signaling an upcoming bullish crossover. The stochastic oscillator, sitting around the mid-level of 50 and positioned above its 3-day MA, further endorses this bullish sentiment. Traders should keep a close watch for potential breakout momentum if the bullish cues strengthen.• There is a...

September 21, 2023By Forex News0 CommentsRead more...

AUDNZD analysis for 20.09.2023

The AUDNZD exhibits a predominantly sideways trend with a hint of bullishness. The shorter SMA, initially beneath the longer one, is now at a pivotal intersection, potentially signaling an upcoming bullish crossover. The stochastic oscillator, sitting around the mid-level of 50 and positioned above its 3-day MA, further endorses this bullish sentiment. Traders should keep a close watch for potential breakout momentum if the bullish cues strengthen.• There is a...

September 20, 2023By Forex News0 CommentsRead more...

CADJPY analysis for 19.09.2023

The EURUSD currency pair is displaying mixed signals. The shorter-term Simple Moving Average (SMA) is on the verge of crossing below the longer SMA, which can be interpreted as a potential bearish signal. However, the Relative Strength Index (RSI) has moved from 60 to around 50, suggesting a moderation in upward momentum. Traders should exercise caution and closely monitor price action and additional indicators to assess the pair's future direction. •...

September 19, 2023By Forex News0 CommentsRead more...

USDNZD analysis for 18.09.2023

The EURUSD currency pair is displaying mixed signals. The shorter-term Simple Moving Average (SMA) is on the verge of crossing below the longer SMA, which can be interpreted as a potential bearish signal. However, the Relative Strength Index (RSI) has moved from 60 to around 50, suggesting a moderation in upward momentum. Traders should exercise caution and closely monitor price action and additional indicators to assess the pair's future direction. •...

September 18, 2023By Forex News0 CommentsRead more...

EURCHF analysis for 15.09.2023

The EURUSD currency pair is displaying mixed signals. The shorter-term Simple Moving Average (SMA) is on the verge of crossing below the longer SMA, which can be interpreted as a potential bearish signal. However, the Relative Strength Index (RSI) has moved from 60 to around 50, suggesting a moderation in upward momentum. Traders should exercise caution and closely monitor price action and additional indicators to assess the pair's future direction. •...

September 15, 2023By Forex News0 CommentsRead more...

EURUSD analysis for 14.09.2023

The EURUSD currency pair is displaying mixed signals. The shorter-term Simple Moving Average (SMA) is on the verge of crossing below the longer SMA, which can be interpreted as a potential bearish signal. However, the Relative Strength Index (RSI) has moved from 60 to around 50, suggesting a moderation in upward momentum. Traders should exercise caution and closely monitor price action and additional indicators to assess the pair's future direction. •...

September 14, 2023By Forex News0 CommentsRead more...

Silver analysis for 12.09.2023

Silver's recent behavior highlights a potential volatility squeeze as indicated by the tightened Bollinger Bands. Typically, this contraction could precede a significant price movement. Concurrently, the RSI's ascent from near-oversold levels (around 30) to a neutral stance (around 50) suggests a shift in momentum from bearish to neutral. Together, these indicators hint at a possible upcoming price direction change, though the direction remains uncertain. • There is a resistance level at...

September 12, 2023By Forex News0 CommentsRead more...
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USDCAD analysis for 11.09.2023

The recent technical indicators for the USD/CAD currency pair are hinting at a bearish momentum. The short-term Simple Moving Average (SMA) crossing below the long-term SMA often suggests a potential downward trend, indicating that sellers are gaining control. This bearish sentiment is further supported by the MACD (Moving Average Convergence Divergence) line crossing below its signal line. The negative reading of the MACD histogram at 0.00069 reinforces the possibility of...

September 11, 2023By Forex News0 CommentsRead more...