Aussie Pairs Nearing Key Support: AUD/CAD, AUD/JPY, AUD/USD
The Reserve Bank of Australia’s (RBA) Kent spoke last evening and hinted that the central bank is considering further easing in monetary policy. This comes after the RBA recently said that they are considering buying longer term bonds to help...
XAU/USD Analysis: Remains Below 1,915.00
On Monday, the XAU/USD exchange rate reversed south from the 1,915.00 level. Given that yellow metal is pressured by the 55-, 100– and 200-hour moving averages in the 1,905.00 area, it is likely that some downside potential could prevail in...
BTCUSD Could Hit $12,000
Bitcoin continues to gain upside traction, as the cryptocurrency benefits from technical buying after moving above the $11,700 resistance level. The BTCUSD pair could start to test towards the $12,000 resistance level if the $11,850 resistance area is broken. Overall,...
AUDUSD Barely Recovers; Looks to Develop Sideways
AUDUSD has adopted a positive trajectory, improving slightly after pivoting at the 0.7055 low. The rising red Tenkan-sen line and the strengthening technical indicators endorse additional positive price action. Yet, the weakened slopes of the simple moving averages (SMAs) and...
Crude Oil: Bulls are Waiting at Lower Levels
It appears that crude oil prices stabilized after that sharp drop at the start of September. Then energy was able to recover close to $42 but move is not that strong, rather slower and choppier; very undecided direction due to...
EURUSD Fails To Improve Bullish Bias, Indicators Are Weak
EURUSD has been in a slightly descending movement after the break below the rising channel in the previous month. Currently, the price is capped by the short-term simple moving averages (SMAs) and the red Tenkan-sen and the blue Kijun-sen lines....
XAU/USD Analysis: Tests Resistance Level
Since Thursday, the XAU/USD exchange rate has been testing the resistance level—the monthly PP at 1,909.29. It is likely that yellow metal could gain support from the 55-, 100– and 200-hour SMAs in the 1,901.30/1,908.00 area. Thus, some upside potential...
USD/JPY Analysis: Pressured By 55– And 100-Hour SMAs
On Thursday, the USD/JPY currency pair touched the 105.45 mark. It is likely that the exchange rate could be pushed down by the 55– and 100-hour moving averages in the 105.30 area. A possible downside target is the weekly S2...
GBP/USD Analysis: Trades Above 1.2900
Yesterday, the GBP/USD exchange rate dropped to the 1.2900 level. During today’s morning, the rate reversed north. Given that the currency pair is pressured by the 55-, 100– and 200-hour SMA in the 1.2955/1.2980 range, it is likely that some...
EUR/USD Analysis: Consolidates Near 1.1700
Since Thursday, the EUR/USD currency pair has been trying to decline below the 1.1700 level. It is likely that the exchange rate could trade downwards in the short term, as it is pressured by the 55-hour moving average near 1.1730....
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