USD Index Outlook: Dollar Accelerates Lower After Markets Digested Powell’s Message
The dollar was sharply lower vs its major counterparts on Friday (down 0.8% since Asian opening), following Thursday’s bumpy ride after Powell announced new Fed’s measures, coming under increased pressure after markets digested news. New Fed’s approach to monetary policy...
EUR/JPY Analysis: Bullish Momentum To Continue
Upside risks have dominated the single European currency against the Japanese Yen since Thursday’s trading session. The currency pair has surged by 159 points or 1.27% during the past 24 hours. Bulls are likely to continue to pressure the exchange...
AUD/USD Analysis: Buying Signals
The Australian Dollar has surged by 83 points or 1.16% against the US Dollar since Thursday’s trading session. The currency pair tested the upper boundary of an ascending channel pattern on Friday morning. All things being equal, the exchange rate...
GBPJPY Hits A Snag Trying To Resume Positive Trajectory
GBPJPY is gaining ground, currently striving to close above 140.82 to clearly resume the climb. The steady incline is also sponsored by the progressing Ichimoku lines and the advancing 50- and 100-day simple moving averages (SMAs). Additionally, an approaching bullish...
Copper Futures Uptrend Intact; Positive Backing Present
Copper futures maintain a steady bullish bearing after a bounce on the 50-day simple moving average (SMA), which sent the commodity to a 25-Month peak of 3.040. The rising red Tenkan-sen line is promoting additional advances, while the bullish crossover...
USD Index Outlook: Fed’s New Strategy Inflate Dollar But Unlikely to Spark Stronger Rally
The dollar fell across the board in immediate reaction to Fed Chairman Powell’s comments, but regained traction and returned above the levels it traded before the speech. In its highly focused speech in Jackson Hole symposium, Powel unveiled central bank’s...
Gold Price Might Be Dropping From The Megaphone Top
Gold is currently in an intraweek downtrend. We still might expect selling the rallies and bearish continuation moves. On the H1 chart, we can spot huge bearish Head and Shoulders pattern which is looming above the price. 1966-70 zone is...
GBP/USD Outlook: Recovery Extension Brings New 2020 High in Focus Again
Cable extends recovery on Wednesday’s early US session trading after dollar accelerated lower and erased all gains from better than expected US durable goods data. The pair advanced 0.67% on Tuesday and confirmed reversal signal on Monday’s inverted hammer. Fresh...
EURGBP Tumbles Below SMAs; Indicators are Negative
EURGBP has been in a declining movement over the last sessions, remaining well below the Ichimoku cloud and the short-term simple moving averages (SMAs). Furthermore, the RSI is heading south in the bearish territory, while the stochastic is moving lower...
EUR/AUD Expects Massive Triangle Pattern On Weekly Chart
The EUR/AUD bullish breakout didn’t last long before the bears wrestled back control. Will the uptrend be able to regain control or will price action develop a larger reversal? Price Charts and Technical Analysis – advertisement – The EUR/AUD seems...
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