Market Morning Briefing: Dollar-Yen Has Dipped Slightly From 106.40/43 Levels
STOCKS Equities seem to be coming under pressure. The resistance at 32000 on the Dow is holding well and a fall below 32000 can give an early sign of a reversal. DAX is struggling to breach 14000 decisively and looks...
Powell is Head and Shoulders above the Rest: DXY, EUR/USD
Fed Chairman Jerome Powell continued with his dovish rhetoric yesterday when he testified on day 2 regarding Monetary Policy in front of Congress. The theme from the Federal Reserve is that they are in no hurry to raise interest rates...
USD/NOK 4H Chart: Falling Wedge Pattern In Sight
Since the end of December, the USD/NOK exchange rate has been trading within a falling wedge pattern. From a theoretical perspective, it is likely that the currency pair could continue to follow the predetermined pattern in the medium term. In...
Market Morning Briefing: Aussie Has Been Rising Boosted By A Strong Copper
STOCKS Dow has surged to test 32000 as expected. 32000-32200 will be an important resistance zone to watch now to see if a reversal is happening or not. A break above 32200 will negate our view of seeing a reversal....
The Anatomy of a Stop Run: EUR/GBP
Yesterday, we discussed where GBP could be headed next, given the unveil of the reopening plan for the UK economy. We also discussed how the BOE has become “less dovish” than other central banks. And we looked at how the...
USDJPY’s Retreat Unable To Hamper Uptrend
USDJPY has regained its footing with a bounce near the tentative uptrend line, drawn from the low of 102.58, which has reinforced the improving price structure. The flattening blue Kijun-sen line is reflecting the solid pullback under the 200-day simple...
AUD/USD Rallies Above 0.7900, Dollar Struggle Continues
Key Highlights AUD/USD climbed higher above the 0.7850 and 0.7900 resistance levels. It broke a major ascending channel with resistance at 0.7860 on the 4-hours chart. NZD/USD also gained bullish momentum and cleared the 0.7300 resistance. GBP/USD remains in a...
USDCAD Finds Footing at Multi-Year Lows; Pauses its Descent
USDCAD is consolidating in the vicinity of the 34-month low of 1.2580. The Ichimoku lines are reflecting the pause in negative momentum, while the falling 50- and 100-period simple moving averages (SMAs) are promoting further deterioration in the price. The...
BTCUSD Breaking Lower
Bitcoin is under heavy downside pressure again on Tuesday as a widespread sell-off continues to engulf almost the entire cryptocurrency market. A bearish head and shoulders pattern on the daily time frame currently look to be targeting the $43,500 technical...
Oil is Restoring
After a short correction, oil is restoring, returning to full-scale growth. On Monday, February 22nd, a barrel of Brent costs 63.85 USD. On H4, BRENT is trading in another structure of growth from 60.10, aiming this wave of growth at...
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