EUR/SGD 4H Chart: Two Scenarios Likely
The EUR/SGD exchange rate has revealed a long-term descending channel. From a theoretical perspective, it is likely that the currency pair could continue to decline within the predetermined channel in the medium term. The pair could target the Fibo 50.00%...
AUD/SGD 4H Chart: Rising Wedge Pattern In Sight
Since the beginning of October, the AUD/SGD currency pair has been trading upwards within a rising wedge pattern. From a theoretical point of view, it is likely that the exchange rate could continue to trade upwards within the given pattern...
NZD/JPY 4H Chart: Breakout Likely To Occur
The New Zealand Dollar has edged higher by 5.30% against the Japanese Yen since the beginning of November. The currency pair tested the upper boundary of an ascending channel pattern at 72.72 during last week’s trading sessions. Currently, the exchange...
NZD/CAD 4H Chart: Buying Signals
The New Zealand Dollar has surged by 3.41% against the Canadian Dollar since the beginning of November. The currency pair breached the 0.9060 during yesterday’s trading session. All things being equal, the exchange rate is likely to continue to edge...
XAU/USD Remains Below Moving Averages
Yesterday, the XAU/USD exchange rate could reverse north from the 1,855.00 level. Given that gold is pressured by the 55-, 100– and 200-hour moving averages in the 1,869.00/1,877.00 range, it is likely that some downside potential could prevail in the...
USD/JPY Could Go Downwards
Since Thursday, the USD/JPY currency pair has been trading sideways near the 103.80 mark. It is likely that some downside potential could prevail in the market as the exchange rate is pressured by the 55-hour moving average near 108.90. Note...
US Recovers On Stimulus Optimism, But Futures Drop On Friday
US equities partially recovered on Thursday, after tumbling over 1% in the previous session. Investors reacted positively to the new stimulus hopes, which offset the worries over tighter restrictions and layoffs related to the surging coronavirus infection rates. Senate Minority...
LTCUSD $80.00 Hit
Litecoin has rallied towards the $80.00 level as the breakout rally in the increasingly popular cryptocurrency shows few signs of stopping. Technical analysis highlights that the LTCUSD pair could trade towards the $90.00 level, following a multi-year trendline breakout. Traders...
Consolidations Continue in Mixed Markets, Dollar Downside Breakout in Favor
Consolidation trading continues with US stocks closing mildly higher overnight while Asian markets are mixed. Gold also lost some downside momentum just ahead of 1850 key support level. In the forex markets, range trading continues in general with Aussie and...
Mnuchin decision cuts Fed lending power, but sources say emergency programs can be revived
U.S. Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell share an elbow bump greeting prior to testifying before a House Financial Services Committee hearing on oversight of the Treasury Department’s and Federal Reserve’s coronavirus disease (COVID-19) pandemic response...
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