Copper Futures Enter Bearish Phase After Record Highs
Copper futures for July delivery started a new bearish phase on the four-hour chart after their impressive rally matured near a new record high of 4.883. Having crossed below its 20- and 50-period simple moving averages (SMAs), the price is...
GBPJPY Sellers Unable To Effectively Contest Ascent
GBPJPY is edging across the 153.39 level, which happens to be the previous high. The price is obeying this border as negative pressures lack the backing to gain an advantage. That said the advancing simple moving averages (SMAs) are endorsing...
EUR/USD Approaches Key Resistance At 1.2150 Decision Zone
EUR/USD has made another bullish bounce at the 21 ema zone after breaking the resistance trend line. Price action, however, is reaching a critical resistance. The EUR/USD is expected to build a larger ABC (orange) pattern in wave 4’ (pink)....
EURUSD Awaiting Retail Sales
The euro currency is on the rise against the US dollar above the 1.2100 level after bulls were able to successfully defend critical trendline support, around the 1.2080 level. EURUSD traders are now awaiting US retail sales data, with a...
USDJPY Final Shoulder
The US dollar has pulled back from the 109.80 level against the Japanese yen currency as the greenback starts to give back Wednesday’s strong gains. The four-hour time frame shows that the latest move higher could have completed the structure...
Dogecoin rallies on Elon Musk tweet, anticipated Coinbase listing
Yuriko Nakao | Getty Images News | Getty Images Dogecoin soared early Friday after a tweet from supporter Elon Musk, and as Coinbase said it would list the meme-inspired cryptocurrency. The price of dogecoin rose to an intraday high of...
JP 225 Index Sets Ground For An Upside Correction, Trend Signals Bearish
Japan’s 225 stock index (cash) faced another volatile session on Thursday, with the price diving to a four-month low of 27,131 before bouncing up to close near its opening level. The market action took the form of a doji candle...
Daily Tecnical Analysis
EUR/USD Current level – 1.2080 The resistance at around 1.2170 turned out to be a major obstacle for the bulls, and the sell-offs managed to breach through the local support at 1.2130. At the moment, the pullback move is limited...
US Stocks Rebound As Investors Rush To Buy The Dips
US stocks bounced back after falling sharply earlier this week. The Dow Jones, S&P 500. And Nasdaq 100 index gained by more than 1% as investors rushed to buy the dips. They have also rallied during the futures market. Data...
Sentiment Further Stabilized as Focus Turns to US Retail Sales
The forex markets are steady in Asian session today as sentiment stabilized, following strong rebound in US stocks overnight. Dollar is currently the second strongest for the week, just next to Sterling. But no key level was taken out with...
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