Japan 225 Index Struggles Below 6-Month High; Slightly Bullish
The Japan 225 index has been in a slightly bullish tendency over the last two-and-half months, hovering above the strong 200-day simple moving average (SMA). The RSI, in the positive territory, is pointing north, while the MACD, above the zero...
GBP/USD Exceeded 1.3400
Yesterday, the GBP/USD exchange rate exceeded the 1.3380 level. During Tuesday morning, the rate raised to the weekly R1 at 1.3456. If the given level holds, it is likely that a reversal south could occur, and the exchange rate could...
Aussie: One Of The Most Benefited Major Currencies
The Australian dollar is one of the major currencies most benefited from the expectations on an ongoing economic recovery and higher demand for commodities due to increased government spending. AUD/USD posted a fifth straight month of rally in August and...
EURCHF Ranges above Ichimoku Cloud; Positive Signals Grow
EURCHF appears to have found a foothold on the 50-day simple moving average (SMA) and near the bottom of the sideways market. The Ichimoku lines reflect the neutral tone, which has controlled the pair for the last one-and-a-half-months. Nevertheless, a...
AUD/USD Pair Traded As High As 0.7381 And It Is Currently Correcting Lower
The Aussie Dollar started a steady rise above the 0.7200 resistance level against the US Dollar. The AUD/USD pair even gained pace after it broke the 0.7280 resistance and pivot zone. The pair traded towards the 0.7400 level on FXOpen...
WTI Oil Outlook: Weekly Close Above Key Fibo Barrier Is Needed To Signal Bullish Continuation
Oil price steadies on Friday as hurricane shut most of the US oil production in the Gulf of Mexico, but gains were limited as storm passed through the area without causing substantial damage to refineries. Near-term sentiment remains overall positive,...
EUR/USD Nears 1.20 As Dollar Extends Decline
The EUR/USD climbed above the 1.19 handle this morning after breaking above Thursday’s high, before easing back down a little. The weakness for the dollar also helped to support buck-denominated precious metals, with gold shining brightly as it tested $1955...
XAU/USD Outlook: Gold Built A Base At $1920 But Recovery Needs More Signals For Confirmation
Spot gold advanced 1.4% on Friday after dovish signals from Fed that ultra-low rates would stay for prolonged period, sent dollar lower. The yellow metal’s price was congested for more than one week, awaiting signals from Jerome Powell. After the...
USDJPY 106.00 Key
The US dollar has slipped sharply lower against the Japanese yen currency, following the resignation of the Japanese Prime Minister. USDJPY bulls now need to defend the 106.00 support level to avoid a drop towards the 105.80, and possibly the...
EURUSD Bullish Above 1.1890
The euro currency has staged a powerful breakout above the 1.1900 level against the US dollar as the pair enjoy strong buying interest. Technical analysis shows that the EURUSD pair has a strong short-term bullish bias while trading above the...
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