A look at the four-hour chart of gold against the dollar (XAUUSD) appears to show growing downward pressure over the past month or so. Looking at the longer timeframes, this is…
Tag: USD
Technical analysis of NZDUSD
We can clearly see the loss of momentum downward on the four-hour chart of the New Zealand (Kiwi) dollar against the US dollar (NZDUSD). The sustained period of losses appears to…
Technical analysis of EURUSD
There is a continuing downtrend on the four-hour chart of the euro against the dollar (EURUSD). This comes as part of the larger downtrend on the daily charts. This movement seems…
Technical analysis of GBPUSD
The four-hour chart of the pound against the dollar (GBPUSD; ‘cable’) features some of the pound’s worst weekly losses in years. The pound lost over four cents since Thursday afternoon GMT,…
Technical analysis of USDJPY
Dollar-yen (USDJPY) has been pretty placid this morning GMT, although this symbol has held around the levels reached last Thursday. The most important area on the four-hour chart is a resistance…
Technical analysis of XAUUSD
Gold-dollar (XAUUSD) hasn’t moved significantly upward this week, with price entering what seems to be an accumulation or perhaps distribution phase. Next week’s most important resistance will probably be the recent…
Has Trump Won the Trade War With China?
Smart traders are always on the lookout for political and economic news that can disrupt technical analysis, and US President Trump has made quite an impact over the last 12 months.…
Technical analysis of USDMXN
The four-hour chart of dollar-peso (USDMXN) shows us a fairly long period of sideways movement over the past few weeks. The breakout downward late last week in the aftermath of the…
Technical analysis of USDRUB
In keeping with many other pairs of which the dollar is a constituent, dollar-ruble (USDRUB) has moved sharply downward this week. Based on events yesterday, this symbol appears to have broken…
Technical analysis of USDILS
Dollar-shekel (USDILS) has been somewhat volatile on the four-hour timeframe although this pair’s recent range on the dailies is mostly intact. We can point to 3.636 as high resistance and 3.565…