GBPUSD Favours Upside; Vicious Appreciation Boosts Bias
GBPUSD recently logged nine consecutive green candles and is quickly approaching the 31½-month high of 1.3624. The price found some footing just beneath the 200-period simple moving average (SMA) and then skyrocketed from there, restoring the bullish tone within the...
GBPJPY Crosses 140.30 Border But Will the Bulls Persist?
GBPJPY is pushing efforts to close above the noisy 140.30 ceiling that kept the bulls under control the past six weeks. The RSI and the MACD are endorsing the buying appetite in the market, though some caution is warranted as...
Brexit Deal Could be Reached by Christmas: GBP/USD, EUR/GBP
Media outlets have been reporting for the last few hours that “sources” say a trade deal is “imminent”. Boris Johnson and Ursula von der Leyen have been negotiating directly over the last few days to resolve the final remaining issues. ...
GBPJPY Soars Within the Confines of a Sideways Market
GBPJPY aggressively stepped back above the simple moving averages (SMAs) and the mid-Bollinger band today, taking out the nearby highs of 139.50 and 139.77 before tackling the upper Bollinger band at 139.91. The steady incline in the 200-period SMA promotes...
XAU/USD Could Condolidate In Short Run
Yesterday, the XAU/USD exchange rate declined to the support formed by the 200-hour SMA and the Fibo 23.60% near 1,860.00. Given that yellow metal is pressured by the 55– and 100-hour moving averages near 1,875.00, it is likely that some...
USD/JPY Pressured BY 55- And 200-Hour SMAS
Yesterday, the USD/JPY currency pair reversed south from the 103.70 level. It is likely that exchange could trade downwards in the short term, as it could be pushed down by the 55– and 200-hour moving averages in the 103.50/103.60 range....
EUR/USD Trades Below 1.2200
On Tuesday, the EUR/USD currency pair reversed north from the support level—the weekly S1 at 1.2159. It is likely that some downside potential could prevail in the market as the exchange rate is pressured by the 55– and 100-hour SMAs,...
GBP/USD Pair Started A Fresh Increase From The 1.3200 Zone
The British Pound found support near the 1.3200 zone and started a fresh increase against the US Dollar. The GBP/USD pair broke the 1.3260 and 1.3300 resistance levels to move into a positive zone. The pair even broke a connecting...
LTCUSD $120.00 Rejection
Litecoin has suffered another big upside rejection from the $120.00 region, further increasing the chances of a swift downside correction for the LTCUSD pair. Traders that are bearish towards Litecoin may be targeting a coming decline towards the $85.00 area....
EURUSD Sell Signal
The euro currency continues to weaken against the US dollar, with bulls failing to maintain the pair back above the 1.2200 resistance level. Technical analysis shows that a bearish breakout from a large rising wedge pattern has taken place on...
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