AUD/CAD 4H Chart: Falling Wedge Pattern In Sight
The AUD/CAD currency pair has been trading downwards within a falling wedge pattern since the beginning of September. From a theoretical point of view, it is likely that the exchange rate could continue to decline within the predetermined pattern in...
EUR/USD Could Trade Upwards
Yesterday, the EUR/USD currency pair re-tested the lower line of the short-term ascending channel. From a theoretical point of view, it is likely that some upside potential could prevail in the market, and the exchange rate could re-test the upper...
NZD/JPY 4H Chart: Breakout Could Occur
The New Zealand Dollar has surged by 168 pips or 2.44% against the Japanese Yen since September 24. The currency pair tested the 200– period simple moving average at 70.32 on October 6. Currently, the exchange rate is trading near...
WTI Futures Rise above 200-SMA but Broader Outlook is Neutral
WTI crude oil futures continue to rise above the Ichimoku cloud and the 200-period simple moving average (SMA), remaining inside a bullish move over the past five days. According to the RSI, positive momentum could push for further gains in the short-term as...
EUR/USD Tests Resistance
Since Wednesday, the EUR/USD currency pair has been testing the resistance formed by the weekly R1 and the monthly PP circa 1.1782. Given that the exchange rate continues to trade within the short-term ascending channel, it is likely that some...
EUR/USD Bullish Bias Above 1.1755
Pivot (invalidation): 1.1755 Our preference Long positions above 1.1755 with targets at 1.1785 & 1.1805 in extension. Alternative scenario Below 1.1755 look for further downside with 1.1740 & 1.1725 as targets. – advertisement – Comment A support base at 1.1755...
GBP/USD Outlook: Pound Extends Pullback on Risk Aversion and EU-UK Fishing Problem
Cable extends weakness on Wednesday, following 0.7% drop previous day, after President Trump deflated risk mode by calling off stimulus talks. The pound came under fresh pressure today after Ireland highlighted EU-UK fishing problem, the one of key obstacles in...
EURGBP Edges Eastbound; Upholds Positive Structure
EURGBP is currently tackling the mid-Bollinger band, preserving a neutral-to-bullish tone after bounces off the 50- and 100-day simple moving averages (SMAs), which followed a retreat from the recent five-and-a-half-month high of 0.9291. The dampened slopes of the 50- and...
GBPUSD Extremely Volatile
The British pound is increasingly volatile against the US dollar currency, as the pair range trades between the 1.2800 to 1.3000 area. Traders are currently choosing to buy GBPUSD towards the bottom of the established range and sell GBPUSD at...
EURCHF Maintains Sideways Structure; Bounces on 100-day SMA
EURCHF continues to cycle around the 50.0% Fibonacci retracement of the down leg from 1.1058 to 1.0504, extending its horizontal pattern that has held since the late part of July. The short-term oscillators reflect evaporated directional momentum, and thus have...
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