USD/JPY Tests Weekly R1
Yesterday, the USD/JPY exchange rate climbed to the resistance level formed by the weekly R2 at 111.76. If the given resistance holds, it is likely, that some upside momentum prevails in the market, and the rate reaches the upper boundary...
XAU/USD Pressured By 55– And 100-Hour SMAs
On Thursday, gold tested the lower boundary of the descending triangle pattern at 1,282.56. Given that the price for gold is pressured by the 55– and 100-hour SMAs, it is likely that the XAU/USD exchange rate trades down and re-tests...
Josh Brown: How I explain the stock market vs the economy
Each day, investors are treated to news about the economy and information about how the stock market has done recently. It can be very difficult to process what’s going on because at any given moment in time, there may be...
EURUSD Showing Bullish Pattern
The euro currency is trading toward the middle of its weekly range against the US dollar as traders remain cautious ahead of today’s monthly jobs report from the United States economy. The four-hour time frame is currently showing a bullish...
GBPUSD Remains Weak
The British pound has remained weak against the US dollar during the European trading session as buyers struggle to move price above the 1.3100 resistance level. The four-hour time frame continues to show price trapped within a neutral triangle pattern....
EUR/JPY Sell Signals Today
The common European currency has been trading in a junior ascending channel against the Japanese Yen since March 28. The currency pair re-tested the lower boundary of the channel pattern at 125.04 during yesterday’s trading session. Technical indicators flash strong...
AUD/USD Breakout Occurs
The Australian Dollar traded with low volatility against the US Dollar on Thursday. The currency pair appreciated about 0.41% in value during yesterday’s trading session. Today’s trading session began with bullish sentiment, and by the middle of the trading session,...
NZD/USD Awaits US Data Releases
During the last 24 hours, the New Zealand Dollar has depreciated about 0.93% in value against the US Dollar. The currency pair was pressured down by the 50– and 100-hour simple moving averages. Today’s session began with a bearish sentiment....
Elliott Wave Analysis: USD/CHF Trading At Potential Reversal Zone
USDCHF is trading bearish, down from 1.012 level where a higher degree wave B) found a top, and wave C) started to develop. We can see that price unfolded a five-wave drop down to 0.9894 level, from where a temporary,...
EUR/USD Bullish SHS Needs To Break For Further Bearish Pressure
The EUR/USD has formed a bullish SHS pattern (inverted head and shoulders). Order blocks are keeping the pair from progressing further down. Today’s NFP with all accompanying data will give us the cue for EUR/USD next direction. At this point,...
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