USD/JPY Breaks Key Support, EUR/USD & GBP/USD Rally
Key Highlights USD/JPY failed to clear a crucial resistance zone near 107.40 and 107.50. It declined and broke a major support near 106.70. The US Initial Jobless Claims in the week ending July 18, 2020 increased from 1,307K to 1,416K....
EURJPY Retreats after Reaching 7-week High
EURJPY is on the sidelines after it reached a fresh seven-week high around 124.28 and it looks ready for a possible pull back. Technically, the RSI is returning lower after it climbed to the overbought zone, while the stochastic is...
USDCHF Surrenders To Bears, Nearby Support Eyed
USDCHF is bearishly exposed to the nearby 0.9258 support level after failing to crawl above the 61.8% Fibonacci retracement level of the March rally last week. The technical indicators are framing a discouraging picture for the short-term too, as the...
Gold Price Is Just Shy Of A New All-Time High
Key Highlights Gold price rallied significantly above the $1,820 and $1,850 resistance levels. A new multi-year high is formed near $1,876 and the price is a few steps away from a new all-time high. A crucial bullish trend line is...
EUR/USD Outlook: Bulls Could Extend Towards Key Fibo Barrier at 1.1822 on Clear Break of 1.1600 Zone
The Euro cracked important barriers at 1.1595/1.1600 (50% of 1.2555/1.0635 / round-figure) on Wednesday, as bulls accelerated and extend into fourth straight day. Rally is currently taking a breather and consolidating on overbought hourly / 4hr studies before final break...
GBP/USD Outlook: Bulls Lose Traction On Approach To Key Barrier
Cable pulls back from new 1 ½ month high (1.2767) on Wednesday, as bulls started to lose traction on approach to key barrier at 1.2813 (10 Jun high). Tuesday’s break and close above 200DMA (1.2697) was strong bullish signal which...
GBP/USD Outlook: Bulls Lose Traction On Approach To Key Barrier
Cable pulls back from new 1 ½ month high (1.2767) on Wednesday, as bulls started to lose traction on approach to key barrier at 1.2813 (10 Jun high). Tuesday’s break and close above 200DMA (1.2697) was strong bullish signal which...
GBP/USD Outlook: Bulls Lose Traction On Approach To Key Barrier
Cable pulls back from new 1 ½ month high (1.2767) on Wednesday, as bulls started to lose traction on approach to key barrier at 1.2813 (10 Jun high). Tuesday’s break and close above 200DMA (1.2697) was strong bullish signal which...
USD Gets Crushed Against Its Major Pairs
USD gets crushed against its major pairs AUD/USD posts a large gain, a new uptrend may be in the works. The US Dollar was bearish against all of its major pairs on Tuesday. – advertisement – On the economic data...
USD/JPY Outlook: Fresh Weakness Needs Confirmation on Close Below Key Fibo Support at 106.87
The pair accelerated lower in early US session on Tuesday, dragged by dollar index’s breach of key near-term support, with weakness also being fueled by strong risk appetite in the market. Triggering stops at 107 zone also contributed to the...
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