Technical analysis for the USD/CHF currency pair
At the Asian auction on Thursday, this currency pair is trading with a decrease in quotations, remaining within the current support level at 0.9431 and the resistance level around 0.9557.
On the four-hour chart, the moving averages with a period of 21 and 55 days continue to move down, accelerated and increase a significant discrepancy, which speaks in favor of the bearish orientation of this market today. The four-hour chart of quotations progresses below exponential moving averages, which is also evidence of a downward trend in the market in the short term.
The technical picture also demonstrates the sellers' advantage, since the MACD histogram remains in the area below its central line, and the strength indicator of the current RSI movement has fixed below the 40 line, confirming the continuation of the downward trend of this market in the short term and the oversold nature of this trading instrument.
Read more: USD/CHF: forex signals, online trading forecasts for today, characteristics & features
Technical analysis for the USD/JPY currency pair
During the Asian trading session on Thursday, the USD/JPY currency pair is trading with an increase in quotations, remaining within the current support level at 138.76 and the resistance level around the 140.68 mark.
Moving averages with a period of 21 and 55 days continue to move down, slowed down slightly and increase the divergence, demonstrating the strengthening of the bears' position. The four-hour chart progresses below exponential moving averages, which indicates in favor of a downward movement of this market in the short term.
The technical picture also demonstrates the strengthening of sellers, as the MACD histogram remains in the area below its central line, and the strength indicator of the current RSI movement has fallen below the 40 line, promising the continuation of the downward trend of this market in the short term.
Thus, we intend to sell this trading instrument today.
Technical analysis for the GBP/USD currency pair
With the opening of trading in Asia on Thursday, this currency pair is trading with an increase in quotations, remaining within the current support level at 1.1833 and the resistance level at 1.1922, where the market chart progresses above exponential moving averages with a period of 21 and 55 days, demonstrating the strengthening of the bullish potential of this market in the short term.
On the four-hour chart, the moving averages continue to move up, increasing the divergence, which speaks in favor of strengthening the uptrend in this market in the short term.
The technical picture shows the weakening advantage of buyers, as the MACD histogram has fallen below its central line, and the strength indicator of the current RSI movement remains near the 60 line, confirming the remaining potential of bulls in this market in the short term.
Thus, we intend to buy this trading instrument today.
Technical analysis for the EUR/USD currency pair
At trading in Asia on Thursday, the EUR/USD currency pair is trading with an increase in quotations, remaining within the current support level around 1.0313 with a resistance level around 1.0428. The four-hour chart progresses above exponential moving averages, demonstrating the upward potential of this market in the short term.
Moving averages with a period of 21 and 55 days continue to move up, accelerating and increasing the divergence, which indicates in favor of the bullish direction of the current market trend in the short term.
The technical picture also demonstrates the advantage of buyers, since the MACD histogram remains in the area slightly above its central line, and the strength indicator of the current RSI movement has consolidated above the 60 line, confirming the bullish potential of this market in the short term.
Thus, we intend to buy this trading instrument today.