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,…
Tag: USD
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…
Interday technical analysis of USDCNH
The typical interday timeframe of the dollar against the offshore yuan renminbi (USDCNH; also erroneously called ‘USDCNY’) does not show a clear trend. Price on H4 has consolidated after last month’s…
Interday technical analysis of NZDUSD
Looking at the four-hour timeframe of the Kiwi dollar against the US dollar (NZDUSD), no overall trend is clear. Volatility has been fairly high over the past couple of weeks. The…
Interday technical analysis of EURUSD
The four-hour timeframe of euro-dollar (EURUSD) shows us an overall upward trend. However, the movement seems to have lost strength since the end of last week. The most important area on…