GBP/USD continues to decline toward 1.25 as the US dollar regains stability.

During Tuesday’s European business hours, the GBP/USD exchange rate is falling toward 1.2500. The US Dollar is strengthening to the upside as risk-off movements predominate in the face of impending economic threats in China.

Around 0.8550, EUR/GBP is still in the lead as it recovers from the week’s early losses. This is because the European session on Tuesday is still in its early hours.

Before the release of the final August Eurozone activity statistics, which is expected to offer a negative picture of the strength of the region’s economy, EUR/USD dropped 0.3% to 1.0764.

USD/CAD crosses the 1.3600 level as buyers target a downward-sloping resistance line from late April.

AUD/USD is maintaining its range play above 0.6400 After the Reserve Bank of Australia maintained the interest rate at 4.10% in September.

The USD/JPY pair increases its upward movement above the mid-146.00s. The major pair is trading up 0.16% on the day, close to 146.72.

USD/CHF After recent losses, the pair struggles to get close to 0.8900.

GBP/USD: Technical Overview

Exponential Moving Average

• EMA 5: The 5-day EMA stands at 1.2614, suggesting a Sell sentiment.
• EMA 20: The 20-day EMA displays 1.2644, reinforcing a Sell indication.
• EMA 50: With a value of 1.2673, the 50-day EMA aligns with a Sell recommendation.

Simple Moving Average

• SMA 5: The 5-day SMA shows 1.2613, indicating a Sell sentiment.
• SMA 20: The 20-day SMA records 1.2638, supporting a Sell stance.
• SMA 50: The 50-day SMA stands at 1.2674, signifying a Sell indication.

RSI (Relative Strength Index)

The RSI, calculated over a 14-day period, displays a reading of 40.76, suggesting a Neutral signal.

Stochastic Oscillator

The %K value of the Stochastic Oscillator suggests a Negative condition.

Resistance And Support Levels

• Resistance: The resistance level is identified at 1.2640
• Support: The support level is observed at 1.2575

Summary And Trade Suggestions

Based on the technical analysis, GBP/USD presents a Sell outlook. Traders may consider entering a short position, considering the indicators, moving averages, and oscillators.

Trade Suggestion:

• Entry Point: 1.2543
• Take Profit: 1.2450
• Stop Loss: 1.2624

EUR/USD Technical Overview:

Exponential Moving Average

• EMA 5: The 5-day EMA stands at 1.0787, indicating a Sell signal.
• EMA 20: The 20-day EMA is at 1.0825, signalling a Sell sentiment.
• EMA 50: The 50-day EMA currently sits at 1.0862, suggesting a Sell indication.

Simple Moving Average

• SMA 5: The 5-day SMA shows a value of 1.0785, reinforcing the Sell recommendation.
• SMA 20: With a value of 1.0833, the 20-day SMA also supports a Sell sentiment.
• SMA 50: The 50-day SMA registers at 1.0855, affirming a Sell indication.

RSI (Relative Strength Index)

The RSI, calculated over a 14-day period, stands at 37.96, signifying a negative signal.

Stochastic Oscillator

The %K value of the Stochastic Oscillator suggests a Neutral stance.

Resistance And Support Levels

• Resistance: The resistance level is observed at 1.0828.
• Support: The support level is identified at 1.0757.

Summary And Trade Suggestions

In summary, the technical analysis of EURUSD points towards a Sell sentiment. Considering the indicators, moving averages, and oscillators, it seems favourable for traders to enter a short position.

Trade Suggestion:

• Entry Point: 1.0732
• Take Profit: 1.0661
• Stop Loss: 1.0791

AUD/USD Technical Overview:

Exponential Moving Average

• EMA 5: The 5-day EMA stands at 0.6425, indicating a Sell signal.
• EMA 20: The 20-day EMA is at 0.6455, signalling a Sell sentiment.
• EMA 50: The 50-day EMA currently sits at 0.6468, suggesting a Sell indication.

Simple Moving Average

• SMA 5: The 5-day SMA shows a value of 0.6436, reinforcing the Sell recommendation.
• SMA 20: With a value of 0.6456, the 20-day SMA also supports a Buy sentiment.
• SMA 50: The 50-day SMA registers at 0.6442, affirming a Sell indication.

RSI (Relative Strength Index)

The RSI, calculated over a 14-day period, stands at 37.64, signifying a negative signal.

Stochastic Oscillator

The %K value of the Stochastic Oscillator suggests a Negative stance.

Resistance And Support Levels

• Resistance: The resistance level is observed at 0.6409
• Support: The support level is identified at 0.6364

Summary And Trade Suggestions

In summary, the technical analysis of AUDUSD points towards a Sell sentiment. Considering the indicators, moving averages, and oscillators, it seems favourable for traders to enter a short position.

Trade Suggestion:

• Entry Point: 0.6329
• Take Profit: 0.6321
• Stop Loss: 0.6413

USD/JPY Technical Overview:

Exponential Moving Average

• EMA 5: The 5-day EMA stands at 146.50, indicating a Buy signal.
• EMA 20: The 20-day EMA is at 146.11, signalling a Buy sentiment.
• EMA 50: The 50-day EMA currently sits at 145.53, suggesting a Buy indication.

Simple Moving Average

• SMA 5: The 5-day SMA shows a value of 146.51, reinforcing the Buy recommendation.
• SMA 20: With a value of 146.16, the 20-day SMA also supports a Buy sentiment.
• SMA 50: The 50-day SMA registers at 145.88, affirming a Buy indication.

RSI (Relative Strength Index)

The RSI, calculated over a 14-day period, stands at 60.08, signifying a positive signal.

Stochastic Oscillator

The %K value of the Stochastic Oscillator suggests a Positive stance.

Resistance And Support Levels

• Resistance: The resistance level is observed at 147.25
• Support: The support level is identified at 146.56

Summary And Trade Suggestions

In summary, the technical analysis of USDJPY points towards a Buy sentiment. Considering the indicators, moving averages, and oscillators, it seems favourable for traders to enter a long position.

Trade Suggestion:

• Entry Point: 147.62
• Take Profit: 148.82
• Stop Loss: 146.73