GBP/USD Remains Below Weekly PP
Yesterday, the GBP/USD exchange rate increased to the 1.2900 mark. During Tuesday morning, the rate was trading at the given level. It is likely that the currency pair could gain support from the 55-hour moving average near 1.2840 and trade...
GBP/USD Recovery Could Face Sellers Near 1.3000
Key Highlights GBP/USD traded to a new multi-week low at 1.2762 before starting an upside correction. A crucial bearish trend line is forming with resistance near 1.2940 on the 4-hours chart. The UK Claimant count could change 100K in August...
Crude Oil in a Bearish Reversal
Crude oil started impulsively declining from the 43.75 level, which suggests a top in place, and a minimum three-wave reversal to be underway. We see a possible completed five-wave decline now in wave A, therefore latest rally can be part...
AUD/USD Pair Started Consolidating In A Broad Range Below 0.7300
The Aussie Dollar recovered and settled above the 0.7250 resistance level against the US Dollar. The AUD/USD pair started consolidating in a broad range below the 0.7300 resistance zone. It seems like the pair is trading inside a contracting triangle...
Market Morning Briefing: Dollar Index Is Stuck In A Range Of 92.70-93.70
STOCKS Equities continue to trade mixed. While there are attempts made over the last couple of days to bounce-back, there is a lack of momentum in the equity section. Indices like the DAX and Nikkei are keeping alive the chances...
EUR/USD Pair Is Supported Above 1.1825 And The 50 Hourly SMA
The Euro gained pace above the 1.1850 resistance level against the US Dollar. EUR/USD even surged towards the 1.1900 level on FXOpen, where sellers emerged. A high was formed near 1.1916 and the pair started a fresh decline. There was...
XAU/USD Analysis: Tests 200-Hour SMA
Yesterday, the XAU/USD exchange rate jumped to the 1,965.00 level. During Friday morning, the rate was testing the support provided by the 55-, 100– and 200-hour SMAs in the 1,940.00 area. If the given support holds, it is likely that...
USD/JPY Analysis: Supported By Moving Averages
On Thursday, the USD/JPY currency pair appreciated slightly. During today’s morning, the pair was testing the 106.25 mark. It is likely that some upside potential could prevail in the market, as the exchange rate could gain support from the 55-,...
GBP/USD Analysis: Dropped To 1.2800
Yesterday, the GBP/USD exchange rate dropped to the 1.2800 level. Given that the currency pair is pressured by the 55-hour moving average near 1.2920, it is likely that some downside potential could prevail in the market. Note that the pair...
EUR/USD Analysis: Touched 1.1900
On Thursday, the EUR/USD currency pair jumped to 1.1900 and reversed south. During today’s morning, the pair was testing the monthly PP at 1.1867. It is likely that the exchange rate could gain support from the 55– and 100-hour SMAs...
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