GBPUSD Tumbles Around 1.39 And Below 100-Period SMA
GBPUSD has come under renewed selling interest today around 1.3900, diving below the 100-period simple moving average (SMA) in the 4-hour chart. The price is hovering in the Ichimoku cloud and the technical indicators are suggesting a downside movement. The...
AUD/JPY Is Setting Up For A Retracement
The AUD/JPY is in uptrend but the point 2 of retracement showed a nice move down. We could assume that we might see a further drop. The POC zone 84.30-84.60 is the point 3 where we might see a move...
EUR/NZD Bullish Reversal After Bounce At Key -27.2% Fib Target
EUR/NZD has made a bullish bounce at the -27.2% Fibonacci target. Is this pair ready for a larger reversal after its 3,500 pip decline? The EUR/NZD downtrend is not officially over yet. But there is a fair chance that a...
GOLD Breaks Patterns And Drops
The yellow metal found resistance in the 1,740.00 level, which was enough for it to decline. The decline was only slowed down by the 55-hour simple moving average. However, eventually the SMA failed. By mid-day on Friday, the metal had...
GBPJPY Flashes Green As Buyers Take Full Control
GBPJPY in the last nine days has logged only one bearish doji candle and it seems set to push to new heights as upside pressures continue to overpower. It appears the pivot at 147.39 gained significant traction refuelling the rally...
Would ECB Bond-Buying Might Slow The Uptrend Of EMU Bond Yields?
Markets European and US bonds parted ways yesterday, driven by a different ‘domestic’ narrative. After cautious positioning ahead of the ECB decision, European bonds outperformed as the ECB put money on the table to reinforce its commitment to prevent an...
Sterling and Aussie Rise as Risk-On Sentiment is Back
Sterling and commodity currencies are back in driving seat on positive market sentiments. Nikkei rises sharply in Asian session, following another record close in DOW overnight. Treasury yields also appear to have settled in range after this week’s central bank...
Elliott Wave View: EURUSD Correction Maybe Completed
Short term Elliott Wave View suggests that EURUSD ended wave ((4)) pullback at 1.1834. Internal of wave ((4)) unfolded as a zigzag Elliott Wave structure where wave (A) ended at 1.1951, wave (B) ended at 1.2243, and wave (C) ended...
Stocks making the biggest moves after the bell: Ulta Beauty, Funko, Poshmark & more
Pedestrians pass in front of an Ulta Beauty store in New York. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines after the bell on Thursday: Ulta Beauty – The beauty retailer’s stock dipped about 7%...
Trend Trading with Moving Averages
Moving averages have a number of uses in technical analysis but can be particularly helpful as a trend filter when analyzing trades. This article touches on the concept of moving averages and takes an in-depth look at using the indicator...
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