EURUSD 1.2080 Still Key
The euro currency is trading back towards the best levels against the US dollar, following the recent release of bullish German factory data. Lower time frame analysis shows that gains above the 1.2080 level should increase technical buying towards the...
EUR/USD Pair Is Now Consolidating Gains From The 1.2070 High
The Euro started a fresh increase after finding bids near the 1.2000 zone against the US Dollar. The EUR/USD pair broke the 1.2020 resistance to move into a positive zone. It even climbed above the 1.2040 level and settled nicely...
Two Trades To Watch: EUR/USD, WTI Crude Oil
EUR/USD holds 1.2050 ahead of the non-farm payroll The EUR/USD holds above 1.2050 in cautious trade ahead of the non farm payroll and a speech by ECB President Christine Lagarde. German industrial production +2.5% MoM in March vs -1.9% in...
US 30 Extends All-Time High
The Dow extended gains to an all-time high as investors rebalance assets away from over-stretched growth stocks. The index continues to grind higher along with the 20-day moving average as a sign of optimism. Following its breakout above the 33700-34250...
USDCHF Echoes Bearish Objectives with its Deep Pullback
USDCHF is trying to break below the 200-day simple moving average (SMA) around the 0.9085 mark, a point at which the 100-day SMA is currently trying to complete a bullish crossover. The 50- and 100-day SMAs are promoting a neutralising...
Inflation Risk Supports Gold and Silver
An increasing number of companies gave warning for supply shortage which force them to raise prices. Manufacturers and producers from various industries such as semiconductors, lumber and cotton scramble to replenish stockpiles to keep up with demand and higher input...
USOIL Rises Above Major Resistance
WTI crude price consolidates gains as US inventories slash another 8M barrels. By clearing the resistance at 66.30, a major level from the previous sell-off the price action has signaled a bullish continuation. March’s high at 67.90 would be a...
GBP/USD Pair Started a Decent Recovery and Now Trading Above 1.3850
The British Pound corrected lower and tested the 1.3800 support zone against the US Dollar. The GBP/USD pair started a decent recovery and it is now trading nicely above 1.3850. There was a break above the 1.3880 resistance zone and...
XAUUSD In The Buy Zone
Gold has staged a pullback towards critical trendline support, following a heavy technical rejection from the $1,800 resistance zone. A bullish inverted head and shoulders pattern still remains in play while the price of gold trades above the $1,556 support...
Elliott Wave View: DAX Looking To Find Buyers Soon
Short term Elliott wave view in DAX suggests the rally from January 28, 2021 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from January 28 low, wave 1 ended at 14169.49 and pullback in wave 2...
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