USD/JPY Trades Below 103.50
Yesterday, the USD/JPY currency pair declined below the weekly S2 located at the 103.56 mark. It is likely that some downside potential could prevail in the market in the short term. In this case the exchange rate could target the...
EUR/USD Reached 1.1850 Level
On Thursday, the EUR/USD currency pair raised to the psychological level at 1.1850. From the one hand, it is likely that the exchange rate could continue to trade upwards in the short term. In this case the rate could face...
NZDUSD Hits Wall At Fresh High, Positive Momentum Under Strain
NZDUSD retreated slightly from a newly formed resistance band of 0.6797-0.6801 involving the previous 17½-month high of 0.6797. The improvement in the bullish simple moving averages (SMAs) is assisting positive price action, while the technical indicators reflect some waning in...
NZD/USD Breaks Channel Pattern
The New Zealand Dollar has surged by 104 basis points or 1.56% against the US Dollar since Thursday’s trading session. The currency pair breached the upper line of an ascending channel pattern at 0.6797 on Friday morning. Given that the...
Gold: Rebound On Its Way
On Thursday, spot gold jumped 2.5% to a more than one-month high, as the ICE Dollar Index dropped for a third straight session. Investors expect that even if Joe Biden won the election, a large scale of stimulus package is...
Gold Gears up Within 1,900 Area; Bullish But Overbought
Gold switched to green on Thursday, speeding up within the 1,900 area, which barely could touch in the previous day. The precious metal is currently close to breaching the bar around 1,930, though the bulls seem to be running out...
EUR/JPY Sets For Breakout
The Eurozone single currency declined by 80 points or 0.65% against the Japanese Yen on Wednesday. The decline was stopped by the 50– and 200– hour SMAs during yesterday’s trading session. Currently, the exchange rate is trading near the upper...
Gold Price Approaching Next Crucial Break
Key Highlights Gold price is recovering higher, but it is facing a strong resistance near $1,910. A significant bearish trend line is forming with resistance near $1,915 on the 4-hours chart of XAU/USD. EUR/USD recovered above 1.1700, but GBP/USD failed...
EUR/USD Remains Below 200-Hour SMA
On Tuesday, the EUR/USD currency pair pierced the 200-hour SMA near 1.1750. During today’s morning, the pair reversed south. It is likely that the exchange rate could remain under pressure of the given moving average and trade downwards in the...
USD/JPY Is Highly Volatile
During Tuesday, the USD/JPY currency pair depreciated slightly. During today’s morning hours, the pair was highly volatile due to the US Presidential election. From a technical perspective, it is likely that some upside potential could prevail in the market, as...
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