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GBP/USD - Technical analysis of the GBP/USD currency pair on December 16

GBP/USD, currency, GBP/USD - Technical analysis of the GBP/USD currency pair on December 16

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 1.3222 and the resistance level at 1.3389, where the market chart continues to progress above exponential moving averages with a period of 21 and 55 days, demonstrating the advantage of buyers in this market in the short term.

On the four-hour chart, the moving averages have slowed down, reducing the divergence and are ready to turn up, which indicates the appearance of a bullish trend in this market in the short and medium term.

The technical picture also demonstrates a slightly stronger position of buyers, as the MACD histogram entered the area above its central line, and the strength indicator of the current RSI movement rose above the 60 line, confirming the advantage of bulls in this market in the short term.

Thus, we intend to buy this trading instrument today.

GBP/USD
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GBP/USD - Technical analysis of the GBP/USD currency pair on December 20
GBP/USD, currency, GBP/USD - Technical analysis of the GBP/USD currency pair on December 20 With the opening of trading in Asia on Monday, this currency pair is trading with a decrease in quotations, remaining within the current support level at 1.3185 and the resistance level at 1.3291, where the market chart progresses below exponential moving averages with a period of 21 and 55 days, demonstrating the advantage of sellers in this market in the short term.On the four-hour chart, the moving averages slowed down, reducing the divergence and formed a sell signal, which indicates the appearance of a bearish trend in this market in the short and medium term.The technical picture also shows a slightly stronger sellers' positions, as the MACD histogram entered the area below its central line, and the strength indicator of the current RSI movement dropped to the 40 line, confirming the advantage of bears in this market in the short term.Thus, we intend to sell this trading instrument today.GBP/USD
Dec 20, 2021 Read
USD/CHF - Technical analysis of the USD/CHF currency pair on December 20
USD/CHF, currency, USD/CHF - Technical analysis of the USD/CHF currency pair on December 20 At trading in Asia on Monday, this currency pair is trading with a slight decrease in quotations, remaining within the current support level at 0.9196 and at the resistance level around 0.9277.On the four-hour chart, the moving averages with a period of 21 and 55 continue to develop in a narrow range, maintaining a slight discrepancy, which demonstrates the lack of advantage of any of the parties in this market. The four-hour quotation chart continues to develop in the area slightly above exponential moving averages, confirming the small upward potential of this market in the short term.The technical picture shows a slight advantage of the bulls, as the MACD histogram remains in the area just above its central line, and the strength indicator of the current RSI movement has risen just above the 50 line, which confirms a small bullish potential in the short term.Thus, we intend to buy this trading instrument today.USD/CHF
Dec 20, 2021 Read
USD/CAD - Technical analysis of the USD/CAD currency pair on December 17
USD/CAD, currency, USD/CAD - Technical analysis of the USD/CAD currency pair on December 17 There was a sharp reversal on the daily chart, as a result, the pair returned below the level of 1.28500 and, thus, below the high of late November - early December. A reversal candle combination with a "shooting star" was formed. In the longer term, assuming the preservation of this year's range, the pair may decline to 1.24-1.2450, and in the shorter term - to the low of the beginning of December above 1.2600. The decline from 1.2950 can be considered as a correction, the determining factor here will probably be the preservation of the pair below the key resistance at 1.2850. While the pair is lower, a resumption of the decline seems more likely.There was a reversal on the four-hour chart after a sharp decline from 1.2950. At the same time, absorption was formed, and the very formation of a relatively wide-range candle shows that the direction of least resistance was a decrease. The current upward rebound can be considered as a correction to a decline. In favor of this view is that it remains small in size and much slower than the wave of decline before it.Resistance levels: 1.2850; 1.2950Support levels: 1.2800; 1.2700USD/CAD
Dec 17, 2021 Read
GBP/JPY - Technical analysis of the GBP/JPY currency pair on December 17
GBP/JPY, currency, GBP/JPY - Technical analysis of the GBP/JPY currency pair on December 17 On the daily chart, an important change is the overcoming of the downward trend line at the end of October, which coincided with the overcoming of the resistance level of 151.00. After overcoming the trend line, the pair almost reached resistance at 152.70. The formation of a "shooting star" there may lead to a return to the trend line (with a decline on Friday, the "shooting star" signal will be confirmed, and the pair would also overcome support at the upper limit of consolidation in early December). If the trend line is corrected, then the pair has already returned below it, in this case, the formation of a "shooting star" looks like a trend puncture. In this case, when closing below 151.00, the pair may return to support at 149.25. Further movement will probably depend on whether the level of 151.00 is overcome.On the four-hour chart, the price went up from the range of 149.25-151.00, but now it is returning to it. If the pair stays below 151.00, it would be a bearish signal in the short term, as the pair would decline below the trend line and return to the channel it was in for most of December. And as part of the movement in the channel, a decrease would be preferable. A recovery of the pair above the trend line would make growth more likely in the short term.Resistance levels 151.00; 152.00Support Level: 149.25GBP/JPY
Dec 17, 2021 Read
AUD/USD - Technical analysis of the AUD/USD currency pair on December 17
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Dec 17, 2021 Read
EUR/JPY - Technical analysis of the EUR/JPY currency pair on December 17
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Dec 17, 2021 Read
EUR/USD - Technical analysis of the EUR/USD currency pair on December 16
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Dec 16, 2021 Read
USD/JPY - Technical analysis of the USD/JPY currency pair on December 16
USD/JPY, currency, USD/JPY - Technical analysis of the USD/JPY currency pair on December 16 During the Asian trading session on Thursday, the USD/JPY currency pair is trading with a slight increase in quotations, remaining within the current support level at 113.45 and the resistance level around 114.30.The moving averages with a period of 21 and 55 days accelerated and turned up, increasing the discrepancy. The four-hour chart progresses significantly above exponential moving averages, demonstrating the purchasing potential in this market in the short term.The technical picture also demonstrates the advantage of the bulls, as the MACD histogram still remains in the area above its central line, and the strength indicator of the current RSI movement has risen above the 60 line, confirming the buying potential in this market in the short term.Thus, we intend to buy this trading instrument today.USD/JPY
Dec 16, 2021 Read
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