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...
EURUSD Sinks Below 1.1900 In Ascending Channel
EURUSD is diving further below the 1.1900 psychological level, approaching the lower surface of the upward sloping channel. The selling interest started after the pullback off the 1.2240 resistance, taking the market well below the short-term simple moving averages (SMAs) and the...
GBPUSD Corrects Below 200-MA; Bullish Bias Endures
GBPUSD improved off the 200-period simple moving average (SMA) around 1.3830, after the correction from the 34-month peak of 1.4236 spiked below it and near the low of 1.3775. The Ichimoku lines are reflecting a pause in negative momentum, while...
US 30 Stock Index Halts Rally Near Familiar Resistance Line
The US 30 index (cash) gave up some ground after unlocking a new record high of 32,072 near the key resistance line, which connects all the peaks from June onwards. The upper boundary of the Ichimoku cloud and the 23.6%...
JPMorgan’s Stock Eyes Trend Reversal After Record Highs
JPMorgan’s stock has been quite progressive since the start of November, making higher highs and higher lows within uncharted waters. The situation, however, is currently looking bleak on the four-hour chart as the creation of a potential double top pattern...
EUR/USD Bearish Momentum Now Using 1.20 As Resistance Zone
EUR/USD is clearly breaking the long-term support trend line and daily 21 ema zone. How important is this bearish breakout? A downtrend was confirmed with the bearish breakout below the 21 ema zone, 23.6% support Fib, and support lines (dotted...
GBP/USD Outlook: Bears Resume After Five-Day Consolidation Under 1.40
Cable dropped to three-week low on Friday, after breaking below five-day congestion, capped by 1.40 barrier. Fresh strength of the US dollar added pressure on sterling to extend pullback from new nearly three-year high (1.4238), with violation of 1.3869 (Fibo...
EUR/USD Plummets Due To The Fed
At 17:00 GMT on Thursday, the head of the US Federal Reserve Jerome Powell started a speech. During the speech he revealed that the current US monetary stimulus would remain intact. However, as the markets appeared to expect additional stimulus,...
GBP/USD Passes Support Zone
The GBP/USD started to test the resistance of the 200-hour SMA, as it finally pierced the resistance of the 1.4000 mark. However, at that time the head of the US Federal Reserve Jerome Powell started a speech. In his speech...
USD/JPY Reaches 108.50 Mark
The USD/JPY extended its surge and did not retrace back to the 55-hour SMA. Instead, the currency exchange rate surged and by the middle of Friday’s trading had reached the 108.50 mark. It occurred due to the speech of the...
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