Week Ahead – Markets Torn Between Conflicting Narratives
The coming week looks relatively quiet in terms of crucial events, with the only highlights being the Reserve Bank of Australia (RBA) policy meeting and some economic data out of the US and Canada. As such, the dominant theme that...
US 30 Index Attempts To Keep Recent Gains Intact
US 30 stock index (Cash) is resting on the 100-period simple moving average (SMA) at 25,790, merged with the upper surface of the Ichimoku cloud and finding further support from the positively charged 200-period SMA just beneath, at 25,746. At...
GBPUSD Holds Inside Ichimoku Cloud After Bullish Cross Within SMAs
Technical Analysis – GBPUSD holds inside Ichimoku cloud after bullish cross within SMAsGBPUSD advanced above the falling trend line, that had been holding since June 10, and entered the Ichimoku cloud. Currently, the RSI is flattening above its 50 neutral...
Silver Bulls Meet Long-Term Trendline, But Not Ready Yet To Give Up
Silver attempted to break the upper border of the neutral zone it has been ranging within this week, but its efforts proved unsuccessful as the trendline joining the peaks from September 2019 defended the bears once again at 18.42. Hence,...
USD/JPY Outlook: Bull-Trap And Bearish Engulfing Weigh But Neutral Tone Dominates On Friday
The pair is holding within a narrow range on Friday, partially on low volumes due to US holiday and partially on conflicting signals that caused Thursday’s action to end in long-legged Doji, signaling strong indecision. Risk sentiment boost from solid...
EUR/USD Analysis: Declined To 1.1230
On Thursday, the EUR/USD currency pair declined to the 1.1230 level. During today’s morning, the pair was testing the given mark. It is likely that some downside potential could prevail in the market, as the exchange rate is pressured by...
GBP/USD Analysis: Revealed Medium-Term Channel
Yesterday, the GBP/USD exchange rate revealed corrected medium-term descending channel. During Friday morning, the rate was testing the 55-hour SMA near 1.2460. From a theoretical point of view, it is likely that some downside potential could prevail in the market....
USD/JPY Analysis: Pressured By 55-Hour SMA
On Thursday, the USD/JPY currency pair traded sideways around the 107.50 level. During today’s morning, the pair maintained its consolidation. Given that the exchange rate is pressured by the 55-hour moving average near 107.50, it is likely that some downside...
XAU/USD Analysis: Supported By Moving Averages
Yesterday, the XAU/USD exchange rate re-tested the 1,760.00 level. During Friday morning, the rate was testing the support formed by the 55– and 100-hour SMAs near 1,775.00. If the given support holds, it is likely that some upside potential could...
EU Indices Flat This Morning | TA Focus On Sanofi
INDICESYesterday, European stocks rebounded strongly. The Stoxx Europe 600 Index jumped 1.97%. Germany’s DAX 30 surged 2.84%, France’s CAC 40 advanced 2.49%, and the U.K.’s FTSE 100 was up 1.34%. EUROPE ADVANCE/DECLINE89% of STOXX 600 constituents traded higher yesterday.64% of...
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