BTCUSD Strong Pullback
Bitcoin has staged a strong technical pullback after the number one cryptocurrency hit a new all-time high, around the $28,600 level, earlier this morning. Technical analysis shows that the $30,000 level is the main resistance area to watch above $28,600....
EURUSD Heavy Rejection
The euro currency has reversed sharply lower against the US dollar after hitting a new yearly high, around the 1.2290 level, during the European session. Technical analysis highlights that an extremely large bearish reversal pattern will form if the current...
NZDUSD Exhibits Sturdy Bullish Bias, Upside Pressure Persists
NZDUSD is in the process of pushing past the fresh 32-month peak of 0.7171 after having recently found some traction off the blue Kijun-sen line. All the simple moving averages (SMAs) are defending the positive structure, while the bullish Ichimoku...
USDJPY Gets Another Rejection From 20-Day SMA, 103.00 Back In Focus
USDJPY is set for another battle around the 103.00 supportive area, which it failed to successfully breach two weeks ago, despite slipping to a new eight-month low of 102.86. The latest bearish correction follows another rejection near the 20-day simple...
Dollar Can’t Get Off The Floor As Focus Turns To Georgia
Dollar hits fresh lows, stocks near record highs despite US Senate blocking $2000 checks Thin liquidity, or markets calculating what this implies for Georgia runoffs? Elsewhere, most assets are in a cheerful mood, but quiet overall 2020 was all about...
Oil And Gold Drifting In Thin Trade
Oil markets drifting ahead of year-end Oil markets continued to range trade overnight and this morning in Asia, preferring to wait for more directional input next week. That said, both Brent crude and WTI remain near the top of their...
US Dollar Grinds Lower
US dollar retreat continues The US dollar continued to beat a modest retreat overnight, weakening across the board versus G-10 and Asian currencies. The dollar index fell 0.38% to 90.00 and has fallen by 0.25% this morning to 89.76. Today’s...
USD/CAD Selling Signals
The US Dollar has declined by 57 pips or 0.44% against the Canadian Dollar since yesterday’s trading session. The currency pair breached the 200– hour simple moving average on Tuesday. Everything being equal, bears could continue to pressure the USD/CAD...
AUD/USD Bulls Could Prevail
The Australian Dollar has surged by 76 pips or 1.00% against the US Dollar since Tuesday’s trading session. The currency pair breached the weekly R1 at 0.7654 on Wednesday morning. All things being equal, the exchange rate could continue to...
GBP/NZD Is At The Crossroads
The GBP/NZD is at the crossroads and the price will move either to the upside or bounce lower below resistance. The POC zone is 1.8840-50 and we should see the price moving up as the price is still technically in...
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