GBP/USD Revealed Descending Channel
The USD/GBP exchange rate has revealed a short-term descending channel. From a theoretical perspective, it is likely that the currency pair could continue to trade downwards within the given channel in the short term. The pair could re-test the lower...
USD/JPY Trades At 104.40
Yesterday, the USD/JPY currency pair touched the 104.70 level. During Friday morning hours, the pair re-tested the support level formed by the weekly and monthly S1s at 104.13. It is likely that the exchange rate could gain support from the...
XAU/USD Could Trade Downwards
On Thursday, the XAU/USD exchange rate declined to the 1,865.00 mark. Given that yellow metal is pressured by the 55-hour moving average near 1,880,50, it is likely that some downside potential could prevail in the market within the following trading...
DJI 30 Price Swings And Waves Before US Elections
This article reviews the potential ABC (orange) correction and how deep the retracement can go with the U.S. Presidential elections around the corner. A strong bullish bounce (blue arrow) could confirm the uptrend. A bear flag (green arrow) could indicate...
NZD/USD Analysis: Two Scenarios Likely
The NZD/USD currency pair is currently trading in a narrow descending channel pattern. The New Zealand Dollar declined by 65 pips or 0.98% against the US Dollar during yesterday’s trading session. Technical indicators suggest that bears are likely to continue...
USD/CAD Analysis: Buying Signals
The 50– hour simple moving average guided the US Dollar against the Canadian Dollar on Thursday. The currency pair made about 74 pips move during Thursday’s trading session. Technical indicators demonstrate that the USD/CAD exchange rate could continue to trend...
AUD/USD analysis: Likely To Maintain Channel
Downside risks have continued to dominate the Eurozone currency against the Japanese Yen. The currency pair declined by 88 pips or 0.72% during Thursday’s trading session. Technical indicators suggest selling signals on the 4 hour and daily time-frame charts. Most...
EURUSD 1.1500 Possible
The euro currency is continuing to slide lower against the US dollar after the ECB interest rate decision revealed that the central bank may announce a new policy measure in December. The ongoing sell-off in the EURUSD pair could reach...
Dollar and Yen Firm in Tight Range, Busy Day Ahead
Forex markets are staying in relatively tight range on mixed market sentiments. Asian indices turn lower despite a weak recovery in US markets overnight. For the week, Yen and Dollar are still the strongest ones. Euro is the weakest one...
Election outcome shouldn’t mess up the bullish December trend, CFRA’s Sam Stovall finds
CFRA’s Sam Stovall acknowledges the market may feel like a rollercoaster over the next few weeks. But he believes any damage should be contained to November regardless of who wins the presidency. “Investors say ‘okay, usually by then we know...
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