Market Morning Briefing: Euro Has Support At 1.20
STOCKS Equities seem to be losing momentum and are in need of some fresh trigger to move further higher from here sharply. In the absence of any fresh triggers, the price action in the coming days will need a close...
AUD/JPY 4H Chart: Bulls Could Prevail
The Australian Dollar has surged by 266 pips or 3.34% against the Japanese Yen since the beginning of February. The currency pair breached the 82.00 level this week. As for the near future, the AUD/JPY exchange rate could continue to...
GBP/JPY 4H Chart: Buying Signals
The British Pound has surged by 450 pips or 3.13% against the Japanese Yen since the beginning of February. The currency pair breached the 147.50 level during this week’s trading sessions. All things being equal, the GBP/JPY exchange rate is...
USD/CHF Signaling Fresh Increase, 0.9000 Holds The Key
Key Highlights USD/CHF found support near 0.8870 and started a fresh increase. There was a break above a contracting triangle with resistance near 0.8935 on the 4-hours chart. EUR/USD declined below 1.2100, gold price broke the $1,800 support. The US...
AUDJPY Cools Down Near Two-Year Peak
AUDJPY continues its steady march higher. The structure of higher peaks and higher troughs remains intact since October, while the pair is also trading above all of its moving averages (MAs), a combination that keeps the broader outlook positive. That...
USD/JPY Pair Is Currently Correcting Lower From The 106.22 High
The US Dollar started a steady increase from the 104.50 support zone against the Japanese Yen. The USD/JPY pair cleared the 105.20 resistance level to move into a positive zone. It even surpassed the 105.80 resistance and settled well above...
USD/CAD At Risk Of More Downsides Below 1.2500
Key Highlights USD/CAD declined below the 1.2800 and 1.2700 support levels. A major bearish trend line is forming with resistance near 1.2770 on the daily chart. GBP/USD cleared 1.3900, EUR/USD failed to surpass the 1.2150 resistance. Canada’s CPI could increase...
USD/TRY: Lira Cracks Key Obstacles and Rises to 28-Week High; CBRT Meeting in Focus
The USDTRY fell to the lowest in 6 ½ months on Tuesday, following break and close below psychological 7.00 support on Monday. The Turkish lira remains very attractive to investors and further acceleration could be expected. The downtrend from new...
EURJPY Optimistic After Break Above 127.49
EURJPY overcame the key 127.49 barrier yesterday but is marginally struggling to extend gains ahead of the 128.38 level, which happens to be the 123.6% Fibonacci retracement of the down leg from 127.06 until 121.61. The upward sloping Ichimoku lines...
Oil Rally Continues
On Monday, February 15th, Brent is moving upwards after an unsuccessful correction. The asset is trading at $63.62, the highest level since January 23rd, 2020. The key reason why investors continue buying oil is their assurance that the demand for...
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