ETHUSD $1,420 In Focus
Ethereum is testing towards its all-time record high, as the second-largest cryptocurrency continues to build upside momentum above the $1,000 level. Technical analysis highlights that the ETHUSD pair could explode higher if the $1,420 level is breached with conviction. To...
US NFP Not So Bad; Canadian Employment Change Even Better: USD/CAD
The US Non-Farm Payrolls reports showed that the US economy lost 140,000 jobs during the month of December vs an expectation of +71,000. However, the revision to the November print was +336,000, and increase of 91,000. Because of the revision,...
NZDUSD Stumbles But Upside Risks Remain Intact
NZDUSD is currently tracing the mid-Bollinger band in the four-hour chart after a slight pullback from the recently plotted 32½-month peak of 0.7314. Despite the small retracement in the pair, the commanding simple moving averages (SMAs) are backing the predominant...
Gold Outlook: Extended Pullback Dips Below $1900 ahead of US NFP
Spot gold fell 1.5% on Friday, extending steep fall into third straight day, after bulls stalled at pivotal Fibo resistance at $1956 (61.8% of $2074/$1764 fall). The price fell below $1900 for the first time in one week, as dollar...
GBPUSD Positively Skewed Despite Recent Consolidation
GBPUSD is consolidating into the Ichimoku cloud after its recent retreat from the newly formed 32-month peak. The bias still seems to be favouring the upside although positive momentum is looking somewhat strained. Furthermore, the commanding bullish simple moving averages...
XAU/USD Trades At 1,890.00
During Friday morning hours, the XAU/USD exchange rate dropped to the 1,890.00 level. From the one hand, it is likely that a reversal north could occur, and yellow metal could extend gains against the US Dollar in the short run....
USD/JPY Revealed Desending Channel
The USD/JPY currency pair has revealed a medium-term descending channel. From a theoretical perspective, it is likely that the exchange rate could bounce off the upper channel line and trade downwards in the short run. Note that the rate could...
EUR/USD Revealed Ascending Channel
The EUR/USD currency pair has revealed a medium-term ascending channel. From a theoretical point of view, it is likely that the exchange rate could reverse north from the lower channel line. Note that the rate would have to exceed the...
Market Morning Briefing: Dollar Index Has Bounced Well From 89.20 Over The Last Couple Of Sessions
STOCKS Equities retain their strength but are coming closer to their crucial resistances. Dow is at 31000 and can have limited room on the upside from here upto 31300-31500. DAX has an immediate resistance at 14000 and then at 14300-14500....
USDCHF’s Improvement Curbed by Cloud and 100-Period MA
USDCHF remains negatively skewed on the four-our chart as the 100-period simple moving averages (SMAs) and the Ichimoku cloud capped the pair’s recent bounce from a formed almost 6-year bottom of 0.8757. The Ichimoku lines have become fairly stagnant, promoting...
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