The winner today in Employment Data was Canada
The US added only +245,000 jobs to the economy for November vs. 469,000 expected. This number is not only nearly half of what was expected, but it would be considered an average print during a pre-coronavirus month. The winner today...
USD/CHF Resuming the Bear Trend
USDCHF has completed a five-wave contracting move within a higher degree wave 4) correction at te 0.909 level, and started turning impulsively lower. An impulsive decline, and break below the 0.898 level now confirm that price on USDCHF is turning...
US 30 Index Conveys Confidence above MAs
The US 30 stock index (Cash) is tiptoeing higher after finding traction off the 100-period simple moving average (SMA), attached to the lower surface of the Ichimoku cloud. Although the Ichimoku lines are fairly directionless, the red Tenkan-sen line is...
XAU/USD Tests 1,845.00
Since Thursday, the XAU/USD exchange rate has been testing the 1,845.00 level. It is likely that yellow metal could gain support from the 55-hour moving average near 1,832.00 and extend gains against the US Dollar in the short term. Note...
USD/JPY Might Reverse South
On Thursday, the USD/JPY currency pair dropped to the 103.80 level. During today’s morning, the pair reversed north. It is likely that the exchange rate could face the resistance formed by the 55-, 100– and 200-hour SMAs, as well the...
GBP/USD Could Go Upwards
Yesterday, the GBP/USD exchange rate raised to the psychological level at 1.3500. It is likely that the currency pair could gain support from the 55-, 100– and 200-hour SMAs in the 1.3370/1.3410 range and trade upwards in the short term....
EUR/USD Tests 1.2170 Mark
Since the second half of Thursday, the EUR/USD currency pair has been testing the 1.2170 mark. If the predetermined level holds, it is likely that a reversal south could occur, and the exchange rate could decline to the support area...
GBP/USD: The Bias Remains Bullish
Pivot (invalidation): 1.3420 Our preference Long positions above 1.3420 with targets at 1.3500 & 1.3530 in extension. Alternative scenario Below 1.3420 look for further downside with 1.3395 & 1.3370 as targets. Comment The RSI lacks downward momentum.
EUR/USD Trades Near 1.2125
On Wednesday, the EUR/USD currency pair raised to the 1.2125 level. It is likely that the exchange rate could gain support from the 55-hour SMA and the weekly R2 in the 1.2070 area and trade upwards in the short term....
GBP/USD Remains Below 1.3440
Yesterday, the GBP/USD exchange rate reversed north from the psychological level at 1.3300. It is likely that some upside potential could prevail in the market due to the support area formed by the 55-, 100– and 200-hour SMAs, as well...
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