USD/JPY Tests Support
On Thursday, the USD/JPY currency pair broke the upper line of a newly revealed falling wedge pattern. During today’s morning, the pair was testing the support formed by the 55– and 100-hour SMAs, as well the weekly PP in the...
XAU/USD Tests 200-Hour SMA
Yesterday, the XAU/USD exchange rate declined to the 1,795.00 level. During Friday morning, the rate reversed north. Given that yellow metal is pressured by the 200-hour moving average near 1,802.00, it is likely that a reversal south could occur, and...
Market Morning Briefing: Euro Dipped Below 1.14
STOCKS Equities look mixed. The immediate resistances on the Dow and Nikkei are holding well but at the same time the market seems not wanting to take profit off the table here itself. Both the Dow and Nikkie can dip...
US 30 Index Improves Above MA’s and Ichimoku Cloud
US 30 stock index (Cash) is preserving its recent positive sentiment despite a pullback from the 27,178 level. The climb in the index is aided by the upward sloping simple moving averages (SMAs). Furthermore, the intact positive charge of the...
EUR/USD Analysis: Reversed South
On Wednesday, the EUR/USD currency pair tested the Fibo 50.00% at 1.1454. During today’s morning, the pair resumed to trade within the short-term ascending channel. From a theoretical point of view, it is likely that some downside potential could prevail...
WTI OIL Outlook: Oil Dips after OPEC Signaled Easing in Production Curb; EIA Crude Stocks
WTI oil price fell nearly $1 but remains above $40 level after OPEC+ announced that the group of top oil producers will ease record supply cut from August, as global economy recovers. The group is set to reduce output cut...
EUR/CHF 1H Chart: Short-Term Increase Expected
The EUR/CHF currency pair has been trading downwards, guided by a descending trend line. Given that the exchange rate could gain support from the 55-, 100– and 200-hour moving averages, it is likely that some upside potential could prevail in...
EUR/USD Trades At 1.1430
On Tuesday, the EUR/USD currency pair raised to the upper line of the short-term ascending channel at 1.1410. During today’s morning, the pair broke the given line. It is likely that the exchange rate could face the resistance of the...
WTI Oil Outlook: Concerns of Slowdown in Global Demand Recovery Pressure Oil Price
WTI oil remains at the back foot on Tuesday and establishes below $40 level, as sentiment weakened on news of new restrictions in California due to increased number of infections. Rising concerns that this would have stronger impact on demand...
Silver Looking for a Top – Elliott Wave Analysis
Silver is recovering in a five-wave movement from the 11.60 level. We see wave 5 now underway, which is final wave of an uptrend, and which can look for resistance and a temporary top at the 19.30/19.8 region. Once wave...
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