GER 30 Index Records Worst Day Since June, Structure Remains Unchanged
The German 30 stock index (cash) crashed by almost 4% on Monday, recording its worst daily session since June. The index tumbled below its 20- and 50-day simple moving averages (SMA), which have been curbing downside corrections from early August,...
GBP/USD Remains At Risk Of More Downsides
Key Highlights GBP/USD failed to clear the 1.3000 resistance and declined below 1.2900. EUR/USD also struggled to continue above 1.1850 and declined sharply. Gold price is sliding and it could even break the $1,900 support zone. The US Existing Home...
AUDUSD Portrays Brief Horizontal Tone after Bounce on 200-MA
AUDUSD is tackling the lower Bollinger band coupled with the 200-period simple moving average (SMA), after recently dipping below the 50- and 100-period SMAs. The price seems temporary stalled between the boundaries of 0.7246 and 0.7344, though sustaining a broader...
Euro Growing a Bit
On Monday, September 21st, the major currency pair is “gaining weight” and trading at 1.1864. The data published last Friday by the USD provided good support o the “greenback”. The preliminary report on the UoM Consumer Sentiment showed 78.9 points...
EUR/USD Trading Near Inflection Zone At 1.1880
Key Highlights EUR/USD found support near 1.1750 and recovered above 1.1820. A major bearish trend line is forming with resistance near 1.1850 on the 4-hours chart. GBP/USD is facing a strong resistance near the 1.3000 region. USD/JPY extended its decline...
NZDUSD Battles Resistance Band, Bullish Bias Persists
NZDUSD is clashing with the 0.6789 to 0.6800 resistance band following its latest climb from 0.6600, which produced a 17½-month high. The recent pickup in the 50- and 100-period simple moving averages (SMAs) suggest further appreciation in the pair, while...
Nasdaq’s Triple Bottom Could Confirm Reversal In Uptrend
The Nasdaq (NQ 100) is testing the support zone for the 3rd time (top blue box). Will the NQ100 index finally make a bullish bounce? Or will the pullback retrace deeper towards the next support zone Price Charts and Technical...
EUR/JPY Bounces Off Support
The EUR/JPY currency bounced off the bottom border of a descending channel pattern at 123.37 on Thursday. As a result, the common European currency surged by 76 points or 0.61% against the Japanese Yen. Everything being equal, the exchange rate...
AUD/USD Could Edge Higher
The Australian Dollar surged by 51 points or 0.70% against the US Dollar on Thursday. The currency pair breached the 50-, 100– and 200– hour SMAs during yesterday’s trading session. All things being equal, bullish traders could continue to pressure...
USD/CAD Breakout Occurs
The US Dollar has declined by 91 points or 0.69% against the Canadian Dollar since Thursday’s trading session. A breakout occurred through the lower boundary of a descending channel pattern on Thursday. Given that a breakout has occurred, the exchange...
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