Gold Settles Above 1818 Technical Level
The precious metal is extending its bullish momentum. Price action is trading above the key resistance level of 1818.80. As long as gold prices remain firmly above this level, we could expect further gains. This could extend the correction further. The next...
GBPJPY Holds Bullish Hopes as Advances Deteriorate
GBPJPY retreated aggressively from a freshly logged high of 140.43 under the mid-Bollinger band, hitting the 50-period simple moving average (SMA) at 139.11. Nonetheless, safeguarding positive sentiment are the advancing simple moving averages (SMAs). The short-term oscillators are reflecting a...
XAU/USD Trades Above 1,810.00
Since Monday, the XAU/USD exchange rate has been appreciating actively. The rate has already reached 1,830.00. It is likely that yellow metal could gain support from the 200-hour moving average near 1,820.00. In this case the price for gold could...
Market Morning Briefing: Aussie Trades Just Below 0.74
STOCKS Equities manage to hold higher but continue to show lack of momentum. We reiterate that the crucial resistances ahead on the major equities can cap the upside for now and a sharp corrective fall is on the cards. 30000...
Crude Oil Resuming the Uptrend
Crude oil has found support at the 33.8 level, after a completed three-wave corrective move in 2)/B), and started recovering impulsively. Price broke above the upper corrective channel line, which is another evidence that energy is resuming the uptrend and...
EUR/GBP 4H Chart: Tests 200– Period SMA
The common European currency surged by 118 pips or 1.33% against the British Pound during last week’s trading sessions. The currency pair tested the 200– period SMA at 0.8994 on November 30. Everything being equal, the exchange rate could continue...
Oil Prices are Correcting, After All
On Monday, November 30th, Brent is declining, correcting after prominent growth yesterday. It is trading at 47.60 USD and might spend the whole session falling. By the way, on Monday, OPEC is having a meeting. By the decision of the...
EURAUD Heads Up But Still Lacks Direction in Short-Term
EURAUD is ticking higher in a horizontal trajectory trapped between the 1.6340 resistance and the 1.6144 support. A paused state of directional momentum is reflected in the Ichimoku lines, while the price rests around the upper surface of the cloud....
USD/CAD Decline Likely To Coninue
The US Dollar declined by 50 points or 0.38% against the Canadian Dollar on Friday. The currency pair breached the 50– hour simple moving average at 1.3008 during Friday’s trading session. All things being equal, the exchange rate could continue...
EUR/USD Breaks Key Resistance, Gold Dives Below $1,800
Key Highlights EUR/USD extended its rise above the 1.1900 and 1.1920 resistance levels. A major bullish trend line is forming with support near 1.1905 on the 4-hours chart. GBP/USD retreated lower after it failed to clear 1.3400, gold price broke...
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