AUDUSD Seems Ready to Test Uptrend Line
AUDUSD completed a double top formation around the 0.7243 resistance level and dropped beneath the 0.7174 resistance and the 40-period simple moving average (SMA). However, the price found strong support at the 23.6% Fibonacci retracement level of the up leg...
Gold’s Stability May Not Be A Worry Above 2,000-1,939 Zone
Gold finished Friday’s session in the red after pulling slightly below its new record high of 2,079, but overall managed to add another constructive week for the ninth consecutive time. In the daily chart, technical signals remain cautiously bullish. The...
Gold Breezes Past USD2000 -What’s Next?
Up, up and away! Gold is poised to have a fifth consecutive winning week. It has been all smiles for the yellow metal, which has surged in the wake of the Covid-19 pandemic. Since April 1, gold has shot up...
GBP/USD Trades At 1.3090
Yesterday, the GBP/USD exchange rate reversed south from the psychological level at 1.3180. During Friday morning, the rate was trading at 1.3090. It is likely that the currency pair could be pressured by the 100-hour SMA near 1.3100 and trade...
USD/JPY Consolidates At 105.60
On Thursday, the USD/JPY currency pair consolidated in the 105.60 area. During today’s morning, the pair maintained its consolidation. Given that the exchange rate is supported by the weekly PP and the 200-hour SMA at 105.40, it is likely that...
XAU/USD Could Consolidate
Yesterday, the XAU/USD exchange rate raised to the 2,070.00 level. During Friday morning, the rate was trading at 2,060.00. It is likely that yellow metal could gain support from the monthly R1 at 2,056.09 and extend gains against the US...
GBPUSD Between A Bearish Formation And A Bullish Breakout
GBPUSD topped around 1.3169 twice in a week and reversed south, raising worries that the bulls may soon give up the game in the four-hour chart. While the weakness in the RSI and the MACD is justifying the latest negative...
GBPUSD Watching 1.3130
The British pound is struggling to move higher against the US dollar currency, as bulls fail to surpass the 1.3180 resistance area. The 1.3130 level is likely to act as a trading pivot point today, with bears taking control of...
EURUSD Buy The Dip
The euro currency has started to trade back towards the 1.1840 area against the US dollar due to an increase in risk-off trading sentiment in the financial market. Traders are expected to buy any dips under the 1.1800 level in...
AUD/USD Buying Signals
The Australian Dollar surged by 57 basis points or 0.79% against the US Dollar on Thursday. The AUD/USD currency pair tested the 0.7240 level during Thursday’s trading session. Technical indicators flash buying signals on all time-frame charts. Therefore, buyers are...
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