Sterling Supported by GDP, Bitcoin Hits Record
Sterling appears to be one of the stronger after data showed larger than expected GDP growth in December and Q4. But for now. Mean while Dollar and Euro are following as the next better performer. The greenback attempted for a...
USD/JPY Bullish Reversal At 61.8% Fibonacci And 144 Ema Zone
USD/JPY made a bearish retracement after completing a wave 3 or C (pink). But the price is showing a bullish reversal, which could indicate a new uptrend. The bearish pullback respected the Fibonacci levels and long-term moving averages. This indicates...
NZD/CAD 4H Chart: Selling Signals
The New Zealand Dollar has declined by 0.89% against the Canadian Dollar since the beginning of February. The currency pair tested the lower line of an ascending channel pattern during this week’s trading sessions. Technical indicators suggest selling signals on...
EUR/CZK 4H Chart: Bears Could Prevail
Since the beginning of December, the EUR/CZK exchange rate has been declining, pressured by a descending trend line. Given that the currency pair is pressured by the 55-, 100–” and 200-period moving averages in the 25.85/26.00 range, it is likely...
EUR/HUF 4H Chart: Downside Potential Could Prevail
Since the beginning of November, the EUR/HUF currency pair has been trading downwards within a falling wedge pattern. From a theoretical point of view, it is likely that the exchange rate could continue to move within the predetermined pattern in...
XAU/USD Likely To Trade Downwards
The XAU/USD exchange rate has declined to the 1,815.00 level. Given that yellow metal is pressured by the 55-, 100– and 200-hour moving averages in the 1,830.10/1,835.90 range, it is likely that some downside potential could continue to prevail in...
GBPUSD’s Bullish Picture Not Threatened By Pullback
GBPUSD is retreating from its fresh 33½-month high of 1.3865 but the move is looking unconvincing in denting the bullish tone above the tentative trend line, drawn from the 1.2854 low. The red Tenkan-sen line is conveying a drop in...
BTCUSD New High
Bitcoin has pulled back from a new all-time high this morning after the pioneer cryptocurrency met with sellers just before the $49,000 level. A bullish breakout from a falling price channel continues to predict a coming rally towards the $50,000...
Dollar Decline Slowed Again in Quiet Trading, UK in Focus
Dollar’s selloff slowed further in a very quiet Asian session, on lunar new year holiday. Activity might come back with a number of economic data featured from the UK. Upside surprises there could add to the upbeat outlook as painted...
Stock futures dip in overnight trading after S&P 500 ekes out record close
Traders on the floor of the New York Stock Exchange Source: The New York Stock Exchange Futures tied to major U.S. equity benchmarks dipped early Friday as Wall Street looked set to wrap up the week with modest gains. Dow...
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