USDJPY Now Oversold
The US dollar has found technical support from the 107.00 level against the Japanese yen, following a major technical breakout below the 107.70 level. The USDJPY pair is now extremely oversold and may correct back towards the former breakout area....
AUDUSD Capped Below 200-SMA
The 200-period simple moving average (SMA) in the four-hour chart seems to be a hurdle for the AUDUSD bulls over the past two days, and the falling RSI which heads towards its 50 neutral mark suggests that the market may...
EUR/USD Could Extend Gains
The EUR/USD currency pair has been trying to surpass the resistance level formed by the weekly R1 at 1.1303 since Thursday. If the given resistance holds, it is likely, that a reversal south could occur within the following trading hours....
GBP/USD Likely To Reverse South
During the previous trading session, the GBP/USD exchange rate tried to breach the medium-term descending channel north. From a theoretical point of view, it is expected, that the rate could reverse south and go downwards. However, note, that the currency...
XAU/USD Should Go Downside
During Thursday, the XAU/USD exchange rate reached the 1,390.00 level. During today’s morning, the rate reversed south from the upper boundary of the long-term ascending channel at 1,402.50. From a theoretical perspective, it is expected, that the price for gold...
USD/JPY Outlook: Corrective Bounce Likely To Precede Fresh Weakness
The pair rebounds from new multi-month low at 107.04 on Friday as traders take profits from post-Fed two-day 1.1% fall. Oversold daily studies support the action which eyes barriers at 107.81/98 (former low of 5 June / falling 5SMA), ahead...
Trading with the Bearish Engulfing Candle
Bearish Engulfing Pattern: Main Talking Points The bearish engulfing candle is one of the forex market’s most clear-cut price action signals. Many traders will use this forex candlestick pattern to identify price reversals and continuations to support their trading strategies....
Dollar in Weak Recovery as Focus Turns to Eurozone PMIs
Dollar recovers mildly today but there is apparently no follow through buying for a turn around. The greenback is still feeling heavy on dovish Fed which opened the door for rate cut at this week’s FOMC meeting. Weakness in Dollar...
Currencies: Euro Prone For A PMI-Driven Hit
Rates: Room for some short term profit taking? The US 10-yr yield is intensively testing 2.01% support. Failure to break below this level today could pave the way for some short term profit taking on US Treasuries. The German 10-yr...
Stocks making the biggest moves after hours: PayPal, Slack and more
A trader works on the floor during the Slack Technologies Inc. IPO at the New York Stock Exchange (NYSE) in New York, U.S. June 20, 2019. Brendan McDermid | Reuters Check out the companies making headlines after the bell: Beyond...