EURCHF Eases after a Green Spike; Indicators are Mix
EURCHF quickly recovered yesterday’s losses after touching an eleven-week low of 1.0921. The rebound helped the currency to surpass the 20- and 40-period simple moving averages (SMAs) on the four-hour chart. The RSI jumped above the neutral threshold of 50 but it...
GOLD Consolidates Below 1,845.00
Since the Friday’s surge, the yellow metal’s price has been trading below the resistance of the 1,845.00 level. On Tuesday, the metal’s price was being approached from below by the 55-hour simple moving average. If the 55-hour simple moving average...
GBP/USD Rallies Above 1.4100, Dollar Weakens Further
Key Highlights GBP/USD started a fresh increase above the 1.4000 resistance zone. It broke a major contracting triangle with resistance near 1.3945 on the 4-hours chart. EUR/USD remained well bid above the 1.2100 support zone. Gold price moved into a...
US 500 Index Sustains Steady Hike into Uncharted Waters
The US 500 stock index (Cash) has registered a fresh all-time high of 4,244 and is maintaining its’ decisive bullish tone, which is being shielded by the Ichimoku lines. Moreover, the firm incline in the slopes of the simple moving...
USDJPY 110.00 Possible
The US dollar is attempting to move higher against the Japanese yen currency after bears failed to gain traction below the 108.40 level, which is the neckline of a bearish head and shoulders pattern. It is possible that the USDJPY...
CADJPY Stretches to Near 40-Month High; Positive Backing Intact
CADJPY appears to be taking a breather around its fresh multi-year high after its recent aggressive rally found traction off the 85.41 level and the Ichimoku cloud’s upper boundary. The soaring simple moving averages (SMAs) are shielding the upwards structure,...
EUR/USD Outlook: Upbeat German Data Lift Euro Ahead Of US Jobs Report
The Euro rose further in European trading on Friday, extending Thursday’s 0.52% rally which left the bear-trap at 1.20 support and shifted near-term focus to the upside. Upbeat German data on Friday (manufacturing orders surged 29.5% in Mar from 6.4%...
NZDUSD Fails To Progress As Bullish Drive Dwindles
NZDUSD has hit a snag as upside momentum appears to have evaporated, indicating that the pair may struggle to further extend its recent bounce off the uptrend line pulled from the 0.6944 low. The 50- and 200-period simple moving averages...
GBPUSD Develops Within Symmetrical Triangle Above 1.39
GBPUSD has been developing within a symmetrical triangle following the upside movement from the seven-week low of 1.3670 in the 4-hour chart. The RSI is gaining momentum in the positive territory, however, the MACD oscillator is moving sideways near the...
BTCUSD Buying Opportunity
Bitcoin has undergone a strong price pullback from the $58,000 level after bulls failed to ignite a large inverted head and shoulders pattern on Thursday. The current price pullback could provide a dip-buying opportunity as the inverted head and shoulders...
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