EUR/USD Finds Resistance In 1.1915
Despite passing the resistance of the 1.1900 mark, the EUR/USD did not book large gains. The 1.1915 level provided resistance and stopped the rate’s surge. It was spotted on Wednesday that this level provided both support and resistance to the...
AUD/USD: Upsides Could Be Limited Above 0.7800
Key Highlights AUD/USD declined from well above 0.7900 and tested 0.7620. A key bearish trend line is forming with resistance near 0.7735 on the 4-hours chart. EUR/USD declined to 1.1835, GBP/USD is consolidating above 1.3800. The US Consumer Price Index...
XAU/USD Outlook: Limited Correction To Precede Bearish Continuation
Spot gold rose from new nine-month low ($1676) on Tuesday, as dollar bulls are pausing and technical studies on daily chart are oversold, providing temporary support to the metal. Overall picture remains negative for gold, as global growth recovery and...
USD/JPY Outlook: Overbought Daily Studies Warn Of Correction Before Bulls Continue
Bulls are taking a breather on Tuesday, following strong bullish acceleration in past eight days which peaked at 109.23 today (the highest since June 8), but faced headwinds from 200WMA (109.00) and Fibo 38.2% of 2015/2016 125.84/98.99 fall (109.25). Bulls...
AUDUSD’s Downside Risks Persist as Descent Stalls
AUDUSD’s intact negative trajectory, from a 3-year high reached at the end of February, has paused around the area between the latest lows of 0.7621 and 0.7635 respectively. The falling red Tenkan-sen line is assisting the price dive beneath the...
US 500 Index Hovers Between Short-term SMAs
The US 500 index (Cash) is trading below the record high of 3,963.58, flirting with the 20- and 50-day simple moving averages (SMAs). The momentum indicators are suggesting a downside reversal as the MACD is losing ground below its trigger line...
US 500 Index Hovers Between Short-term SMAs
The US 500 index (Cash) is trading below the record high of 3,963.58, flirting with the 20- and 50-day simple moving averages (SMAs). The momentum indicators are suggesting a downside reversal as the MACD is losing ground below its trigger line...
US 500 Index Hovers Between Short-term SMAs
The US 500 index (Cash) is trading below the record high of 3,963.58, flirting with the 20- and 50-day simple moving averages (SMAs). The momentum indicators are suggesting a downside reversal as the MACD is losing ground below its trigger line...
US 500 Index Hovers Between Short-term SMAs
The US 500 index (Cash) is trading below the record high of 3,963.58, flirting with the 20- and 50-day simple moving averages (SMAs). The momentum indicators are suggesting a downside reversal as the MACD is losing ground below its trigger line...
US 500 Index Hovers Between Short-term SMAs
The US 500 index (Cash) is trading below the record high of 3,963.58, flirting with the 20- and 50-day simple moving averages (SMAs). The momentum indicators are suggesting a downside reversal as the MACD is losing ground below its trigger line...
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