GBP/USD Situation Is Unchanged
The situation on the GBP/USD chart has remained unchanged. The pair remains between the resistance of the 50 and 100-hour simple moving averages near 1.3210 and 1.3230 and the weekly S1 simple pivot point at 1.3167. The GBP/USD rate would...
EUR/USD Continues To Decline
The EUR/USD passed the support of the 50, 100 and 200-hour simple moving averages on Thursday. By the middle of Friday’s trading, the pair had reached below 1.1270. A continuation of the decline might find support in the weekly S1...
NZD/USD: Bears Are Moving The Price Towards The First Target
NZD/USD technical analysis Bearish configuration. Downtrend continues. M L3 is the first target. NZD is weak. Swing low. Higher low. Swing high. Entry zone. Final target. The NZD/USD is bearish. We can see a strong downtrend in progress. This is...
GBPJPY Broader Uptrend Defended By Support Base
GBPJPY has once again found its feet around the critical 148.51-149.41 support base after a six-week decline from the more than 5-year high of 158.20. The steadier simple moving averages (SMAs) are endorsing a more sideways market in the near-term....
USD/CAD Reaches Resistance Zone
The recovery of the US Dollar against the Canadian Dollar has reached a resistance zone. Namely, the previous low level zone at 1.2713/1.2730 kept the pair down from Thursday evening up to the middle of Friday. A move above the...
GBP/JPY Reveals Triangle Pattern
On Friday morning, the GBP/JPY pair passed the resistance of the 50-hour SMA and the weekly simple pivot point near 150.00. However, the surge stopped. After a review, it was discovered that the this week’s high and low levels can...
Markets Turn Quiet ahead of US CPI, Dollar Awaits Range Breakout
The markets generally turn quiet in Asian session as markets are look forward to consumer inflation data from US. Before that UK GDP will also be a major focus. Commodity currencies, in particular Canadian Dollar, are losing much upside momentum...
Stock futures are little changed ahead of key inflation data
A trader works on the floor of the New York Stock Exchange (NYSE) December 9, 2021. Brendan McDermid | Reuters Stock futures opened little changed on Thursday after investors pulled back from the market rebound earlier in the week and...
Investors brace for the highest inflation reading in nearly 40 years
Gabriela Chirinos pumps gas into her vehicle at a Shell station on November 22, 2021 in Miami, Florida. Joe Raedle | Getty Images If the consensus is correct, the last time inflation was this high was in the early years...
The euro has reversed directions…
The euro has reversed directions on Thursday and has posted losses. In the North American session, EUR/USD is trading at 1.1291, down 0.43% on the day. What to do with APP? This week’s calendar in Europe is thin, which has...