Gold Bulls Await A Fresh Impetus Above 1,740 To Resume Rally
Gold bounced off 1,699 to fight the tough wall around 1,740 on the four-hour chart, which has been a crucial obstacle to upside movements since the start of the month. The sideways trajectory in the RSI and the MACD and...
Crude Oil Price Correcting Gains, Key Supports Nearby
Key Highlights Crude oil price traded to a new multi-month high at $67.92 before correcting lower. A key bearish trend line is forming with resistance near $65.60 on the 4-hours chart of XTI/USD. Gold price is recovering, but it could...
BOJ Could Act on Friday, But It May Not Matter: USD/JPY
USD/JPY could see a pullback over the next few days ahead of the FOMC and BOJ meetings The BOJ has been providing monetary stimulus to Japan for years in the form of negative rates, ETF buying, and yield curve control...
The Analytical Overview Of The Main Currency Pairs
The EUR/USD currency pair Technical indicators of the currency pair: Prev Open: 1.1948Prev Close: 1.1926% chg. over the last day: -0.18% The euro continues to decline gradually, but at the same time, it does not go beyond the boundaries of...
Elliott Wave Analysis: Crude Oil Can Find a Support Near $6
Crude oil is turning down despite after OPEC+ countries agreed to extend the majority of production cuts through April. We saw price spiked highe after that news and it is coming down now. However, we think this can be only...
GOLD Recovers From 1,700.00
Gold found support in the 1,700.00 price level. It resulted in a surge, which by the middle of Monday’s European trading hours had reached above the 1,730.00 level. In the case of the surge continuing, the price could test the...
NZD/USD Two Scenarios Likely
The New Zealand Dollar declined by 66 pips or 0.92% against the US Dollar on Friday. The decline was stopped by the lower line of an ascending channel pattern during Friday’s trading session. Currently, the exchange rate is trading near...
Canadian Employment Data Beats HUGELY
After the less dovish Bank of Canada meeting on Wednesday in which Tiff Macklem said that the outlook on Q1 GDP will be revised higher, the Canadian employment data helped to provide further evidence of the central bank’s outlook. The...
AUDJPY Hits Three-Year High as Uptrend Continues
AUDJPY keeps roaring higher, hovering near the three-year high of 84.95 that was reached last month. The price structure of higher peaks and higher troughs remains uninterrupted, while the pair is also trading above all its simple moving averages (SMAs),...
GBP/USD Outlook: Cable Dips After Repeated Rejection At Psychological 1.40 Barrier
Cable fell one full figure in European trading on Friday, following repeated rejection at psychological 1.40 barrier, deflated by stronger dollar on rise of US yields, with UK economy’s contraction in January (although less then expected) contributed to pound’s fresh...
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