USD/TRY: Turkish Lira Bounces from One-Month Low But Overall Picture Remains Negative
Turkish lira rebounded from new one-month (8.4340) posted on Monday, as traders collected profits after the last week’s advance showed signs of stall on approach to Mar 30 /22 lower tops (8.4443 / 8.5015). Despite fresh strength, overall lira’s picture...
USD/TRY: Turkish Lira Bounces from One-Month Low But Overall Picture Remains Negative
Turkish lira rebounded from new one-month (8.4340) posted on Monday, as traders collected profits after the last week’s advance showed signs of stall on approach to Mar 30 /22 lower tops (8.4443 / 8.5015). Despite fresh strength, overall lira’s picture...
GBPUSD Stagnant Around 50-Day SMA, Optimism Lingers
GBPUSD is flirting with the 1.3869 level, which happens to be the 23.6% Fibonacci retracement of the up leg from 1.2674 until the 34-month high of 1.4236, after the price pullback found some footing off the 100-day simple moving average...
AUDUSD Maintains Green Glow; Bulls Remain in Control
AUDUSD came just shy of the 0.7815 high achieved on April 20, after the pair found positive traction within the support zone of 0.7676-0.7700. The climbing 50- and 100-period simple moving averages (SMAs) on the four-hour chart are endorsing the price...
Microsoft Stock Poised For A Breakout Ahead Of Earnings
Microsoft Inc stock had its best month in almost a year, surging by 10.5% to top at a new all-time high of 261.50 on Thursday. The bullish fuel, however, seems to be running low according to the technical picture, suggesting...
GBP/JPY Trend Line Is Taken Out
The GBP/JPY has been breaking below the trend line after successfully making 1-2-3 pattern sell. Last week I saw a potential for the short. However, the shorts happened after point 3 has been printed out and now we see that...
Oil Price Outlook: A Breakout Pattern Is Forming With Resistance Near $61.90
Crude oil price started a downside correction after it failed to settle above $64.00 against the US Dollar. The price broke the $62.50 support zone to move into a short-term bearish zone. The price even declined below $62.00 and tested...
USDJPY Warning Signs
The US dollar remains under downside pressure against the Japanese yen currency, as bears continue to hold the price below the 108.00 level. A bearish head and shoulders pattern is still in play and is a warning of a coming...
BTCUSD Breaks $50,000
Bitcoin has fallen below the $50,000 support as selling towards altcoins increases, and the decline in the top cryptocurrency shows few signs of stopping. A bullish inverted head and shoulders pattern has now been invalidated and is warning of a...
GBP/JPY Could Edge Higher
The British Pound declined by 128 pips or 0.95% against the Japanese Yen on Thursday. The GBP/JPY currency pair tested the 149.45 level during yesterday’s trading session. The exchange rate rebounded from the support line, as mentioned earlier, during the...
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