EURUSD 1.1200 Must Hold
The euro currency is attempting to recover higher against the US dollar, following a sudden drop towards the 1.1200 support level this morning. A loss of the 1.1200 support level could see the EURUSD pair suddenly dropping towards the 1.1155...
USD/JPY is Bullish Near-Term – Elliott Wave Analysis
On the daily chart of USDJPY we see price unfolding a bigger A-B-C move, up from 101.16 level, which can belong to a bigger triangle consolidation. As you can see, wave A found a high at the 111.74 level, from...
US 500 Index’s Sideways Shift Fades Below 200-MA
US 500 stock index (Cash) is attempting to reclaim the 200-period simple moving average (SMA) after dipping below it in the previous session. The recent horizontal glide in the price after the pullback from the three-and-a-half-month top of 3,233, has...
S&P 500: Under Pressure
Pivot (invalidation): 3038.00 Our preference Short positions below 3038.00 with targets at 3000.00 & 2965.00 in extension. Alternative scenario Above 3038.00 look for further upside with 3083.00 & 3115.00 as targets. – advertisement – Comment The RSI is bearish and...
GBP/USD Remains Under Pressure
The US Dollar was bullish against most of its major pairs on Friday with the exception of the CHF and EUR. On the economic data front, Personal Income fell 4.2% on month in May (-6.0% expected), from a revised +10.8%...
NZDUSD Consolidates Recent Gains; Negative Risks Present
NZDUSD’s positive picture appears to withstand negative pressures, glued just under the 50- and 100-period simple moving averages (SMAs) and holding just inside the Ichimoku cloud. The pair has adopted a horizontal tone over the last weeks, something also mirrored...
US 30 Index Pauses Its Upside Rally Below 200-Day SMA
The US 30 cash index has lost its strong positive momentum after the pullback from the three-and-half month high of 27,369 on June 9. The price found strong resistance at the 200-period simple moving average (SMA) over the last few...
EUR/USD Consolidated At 1.1220
On Thursday, the EUR/USD currency pair consolidated in the 1.1220 area. During today’s morning, the pair maintained its consolidation. It is likely that the exchange rate could be pressured by the 55– and 200-hour moving averages near 1.1250. Thus, some...
GBP/USD Trades Sideways At 1.2420
Yesterday, the GBP/USD exchange rate traded sideways in the 1.2420 area. During Friday morning, the rate maintained its consolidation. Given that the currency pair is pressured by the 55-hour moving average near 1.2440, it is likely that some downside potential...
USD/JPY Tests Fibo 38.20%
On Thursday, the USD/JPY currency pair consolidated at 107.20. During today’s morning, the pair was testing the Fibo 38.20% at 106.86. If the given support level holds, it is likely that a reversal north could occur in the nearest future....
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