ETHUSD Watching $220.00 Support
Ethereum is starting to come under pressure below the $230.00 level as the Bitcoin and the broader cryptocurrency market turn lower on Friday. A breakout under the $220.00 support level could see the ETHUSD pair suffering significant losses over the...
GBPUSD 1.2390 Key Support
The British pound appears increasingly weak against the US dollar on Friday as the pair fails to rally from the 1.2390 technical area. GBPUSD sellers could start to target the 1.2330 support area if the 1.2390 support area is broken...
Market Morning Briefing: Euro May Get Near Term Support At 1.12
STOCKS Dow and DAX have bounced from their day’s low yesterday indicating buying interest at lower levels. This keeps our broader bullish view intact in the equity segment. A consolidation in the Dow and Nikkei looks like a possibility before...
WTI Oil Bounces on Improved Sentiment after Falling Over 8% in Three Days
WTI oil moved above $38 per barrel after extension of pullback from new 15-week high ($41.61) approached $ 37 level earlier today. Oil dipped over 8% in three days on renewed fears about global demand and record build of US...
GBP/USD Outlook: Bears Take A Breather On Higher EU Stocks
Cable caught bid on higher European stocks on Thursday and put bears on hold after falling 0.8% previous day. Near-term action is weighed by fresh risk aversion and negative daily studies with consolidation expected to precede push towards key supports...
Gold Price Sets New Multi-Year High, $1,800 Seems Possible
Key Highlights Gold price started a fresh rally and traded to a new multi-year high close to $1,780. A strong support is forming near $1,750 and $1,745 on the 4-hours chart of XAU/USD. The US Gross Domestic Product is likely...
EURGBP Crawls Towards Trend Line, Clinging to a Hike
EURGBP has reversed from the upper surface of the Ichimoku cloud to the 0.9031 level, that being the 38.2% Fibonacci retracement of the up leg from 0.8281 to the 11-year high of 0.9498. Positive sentiment appears revived after the bounce...
NZDUSD’s Positive Picture Lags, Crawls Sideways
NZDUSD is dragging sideways as it lingers in a paused mode that has seized control of the ascent, something also reflected in the red Tenkan-sen line. Positive signals are still unbroken, sponsored by the Ichimoku lines and the rising 50-day...
EURCHF Exhibits Signs for Continued Consolidation
EURCHF found a foothold at the 1.0635 level, that being the 23.6% Fibonacci retracement of the down leg from 1.1058 to 1.0504. The pair was unable to sustain the correction that extended above the 200-day simple moving average (SMA) and...
USDCAD Fails to Surpass Flat SMAs; Negative in Medium Term
USDCAD looks to be flat over the last two weeks but is now penetrating the 23.6% Fibonacci retracement level of the down leg from 1.4170 to 1.3315 at 1.3518, inside the Ichimoku cloud. Also, the price holds beneath the 20-...
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