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Day: March 14, 2022

GBP/USD: Bears May Take a Breather Before Push through Psychological 1.30 Support

Cable is consolidating above new 2022 low (1.3009) the lowest since Nov 2020, as bears face headwinds from psychological 1.30 support and oversold daily studies. Bounce is likely to correct the latest fall, with RSI on daily chart emerging from oversold territory and supporting the notion, but MA\s in full bearish configuration and strong bearish …

GBP/USD: Bears May Take a Breather Before Push through Psychological 1.30 SupportRead More

Gold Price Entered a Short-Term-Bearish Zone Below $2.020

Gold price started a downside correction from well above $2,050 against the US Dollar. The price broke the $2,020 support level to enter a short-term bearish zone. The price even declined below $2,000 and the 50 hourly simple moving average. It traded as low as $1,958 and is currently consolidating losses. On the upside, the …

Gold Price Entered a Short-Term-Bearish Zone Below $2.020Read More

Dollar Extending Rally Against Yen, Fed and BoE to Hike this Week

Dollar is lifted by risk aversion sentiment in Hong Kong and China in Asian session today. The greenback’s strength is particularly apparent against Yen, Aussie and Kiwi. Euro is trying to recover against others but such recovery remains weak. The uncertainty over Russia invasion of Ukraine will continue to cap Euro’s rebound. The economic calendar …

Dollar Extending Rally Against Yen, Fed and BoE to Hike this WeekRead More

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