AUD/USD Outlook: Aussie Falls To Two-Week Low
The Australian dollar stays in red for the second consecutive day and falls to two-week low on Monday, weighed by fading risk sentiment and higher greenback on comments that the US does not seek weaker dollar. Fresh extension lower is...
BTCUSD $32,000 Possible
The BTCUSD pair has come under increasing downside pressure over the weekend after bulls failed to take the number once crypto back above the $40,000 level. Technical analysis shows that the BTCUSD pair is now trapped inside a large symmetrical...
EUR/USD Outlook: Bearish Bias Remains Below Broken Fibo Support at 1.2173
The Euro stays in red on Friday and pressures new one-month low as bears regain traction after Thursday’s hesitation, expressed by daily Doji candle. The action remains under broken Fibo level (1.2173, 23.6% of 1.1602/1.2349) that keeps near-term bias with...
NZDUSD’s Uptrend Under Negative Pressure
NZDUSD has retreated from the recent 32½-month high of 0.7314 and is consolidating around the gradually rising 100-period simple moving average (SMA), which for the last week has curbed further deterioration under the 0.7152 trough. The steady upwards creeping 100-...
GBP/USD Is Putting Strong Pressure On Support At 1.3631. Below, There Is Resistance At 1.3578
Cable edged lower in European trading on Friday but remains resilient as less steep than expected fall in UK GDP partially compensates negative impact from lockdowns on raging coronavirus and Brexit. Bulls probed again through 1.37 and posted marginally higher...
US 30 Stock Index Looks For A Make-Or-Break Point
The US 30 index (cash) is nosing around for fresh bullish traction near the four-month old restrictive line at 30,800 after topping twice around its new record high of 32,252. A clear close below that floor, where the surface of...
EUR/GBP Outlook: Bears Pressure Key Support And Look For Strong Signal On Close Below Weekly Cloud Base
Bears are taking a breather above new multi-week low at 0.8865 (the lowest since Nov 11) following a steep fall in past six days. The Euro lost traction and was additionally pressured by political crisis in Italy, while sterling remains...
EUR/USD Bearish Zigzag Pattern Has Target At 1.20
EUR/USD is breaching the 144 ema support zone. This indicates bearish pressure. A breakout could confirm the decline in wave C (pink). The EUR/USD needs to push below the support trend line (green). This confirms the bearish break and ABC...
NZD/CAD 4H Chart: Decline Likely To Continue
The New Zealand Dollar has declined by 141 pips or 1.52% against the Canadian Dollar since January 6. The currency pair breached the 50-, 100– and 200– period SMAs during this period. All things being equal, the exchange rate is...
USD/JPY Steadies Above 103.50, EUR/USD Extends Losses
Key Highlights USD/JPY climbed higher above the 103.50 and 104.00 resistance levels. EUR/USD extended its decline below the 1.2150 support zone. Crude oil price consolidating gains, while gold price is still well below $1,900. The US Retail Sales figure (to...
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