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170821 USDJPY-Noon

USDJPY, H4: USDJPY was traded lower while currently testing near the support level 109.20. However, MACD which illustrate diminishing bearish momentum signal suggest the pair to be traded higher as a technical correction towards the resistance level 109.70.  ...

170821 EURUSD-Noon

EURUSD, H4: EURUSD was traded lower while currently testing the support level 1.1765. MACD which illustrate diminishing bullish momentum signal suggest the pair to extend its losses after it breaks below the support level.   Resistance level: 1.1830, 1.1880...

170821 GBPUSD-Noon

GBPUSD, H4: GBPUSD was traded lower following prior retracement from the resistance level 1.3885. MACD which illustrate bearish bias signal with the formation of death cross suggest the pair to extend its retracement towards the support level 1.3745.   Resistance...

170821 DOLLAR_INDX-Noon

DOLLAR_INDX, H4: Dollar index was traded higher while currently testing the resistance level 92.65. MACD which illustrate diminishing bearish momentum signal suggest the dollar to extend its gains after it breaks above the resistance level 92.65.   Resistance...

170821 Afternoon Session Analysis

17 August 2021                  Afternoon Session Analysis   Aussie fell following dovish RBA minutes. The Australian dollar which traded against the dollar and other currency pairs have fell after RBA have expressed dovish statement on its latest meeting minutes...