AUD/USD Stalls – Is the Rally Near an End?
The Australian dollar has been one of the surprise stars in the markets in 2020, in a year in which a global pandemic has shaken up financial markets to the core. AUD/USD has been on a hot streak, racking up...
Gold Price In A Strong Bullish Path Above The $1,980 Level
Gold price followed a strong bullish path above the $1,950 level against the US Dollar. The price even surged above $1,960 and traded to a new all-time high above the $1,980 level. The price is currently consolidating gains above the...
USD/JPY Outlook: Strong Corrective Rebound Comes after Six Straight Days in Red
The pair bounced strongly on Friday (up 1.5% for the day so far) after bears faced headwinds and were rejected at 104 zone. Oversold studies and month-end profit-taking contributed to fresh rally (the pair is heading for the first bullish...
GBPAUD Makes a U-turn after 1-Year Low
GBPAUD made U-turn after printing a bullish hammer candle near a one-year low of 1.7693 last week. Since then, the price managed to take the 20- and 50-day simple moving averages (SMAs) out of its way, switching the short-term bias...
GBPUSD Touches An Almost 5-Month High, RSI In Overbought Area
GBPUSD advanced considerably to an almost five-month high of 1.3142 during Thursday’s session, posting six green candles in a row in the 4-hour chart. The MACD oscillator is strengthening its momentum above its trigger and zero lines, however, the RSI is flattening in the...
US 100 Index Not Ready To Give Up Bullish Run
The US 100 stock index (cash) drifted higher and above the previous peak of 10,743 on Thursday, hinting that it is not ready to give up its positive trajectory yet. The 10,950 resistance level is keeping the bulls busy in the four-hour...
EUR/USD Reached New High
On Thursday, the EUR/USD currency pair reached new 2019/2020 high at 1.1903. During today’s morning, the pair reversed south. From the one hand, it is likely that some downside potential could prevail in the market. In this case it is...
GBP/USD Trades Near 1.3150
Yesterday, the GBP/USD exchange rate reached the 1.3100 level. During Friday morning, the rate was testing the 1.3150 level. It is likely that the currency pair could face the resistance formed by the weekly R3 at 1.3179. Thus, it is...
USD/JPY Remains Pressured By 55-And 100-Hour SMAS
On Thursday, the USD/JPY currency pair continued to trade downwards. During today’s morning, the pair tested the monthly S2 at 104.18. Given that the exchange rate remains under pressure of the 55– and 100-hour SMAs in the 105.00 area, it...
XAU/USD Revealed Rising Wedge Pattern
Yesterday, XAU/USD exchange rate revealed a rising wedge pattern. During Friday morning, the rate was testing the upper pattern line. From a theoretical point of view, it is likely that the exchange rate could continue to trade within the given...
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