Daily OutlookThe EUR/USD pair had been trapped between the price levels of 1.2200 and 1.2500 until bearish breakout occured recently.Significant signs of bearish reversal were manifested around the price levels of 1.2400.This was manifested in the bearish engulfing daily candlestick of April 20.The...
USD/JPY is under pressure. The continues its retreat from a high of 111.39 seen yesterday (May 21). Currently it remains capped by the descending 20-period moving average, which has just crossed below the 50-period one. The intraday configuration has turned bearish, and the pair is expected to test...
USD/CHF is under pressure expected to trade in lower range. The pair retreated from 1.0000 (the high of May 21) and broke below both 20-period and 50-period moving averages. Besides, the death cross between 20-period and 50-period moving averages has been identified. The relative strength index...
Chart Explanation: The black line shows the pivot point. Currently, the price is above the pivot point which is a signal for long positions. If it remains below the pivot point, it will indicate short positions. The red lines show the support levels, while the green line indicates the resistance...
