EUR/GBP 4H: Buy Signals
The common European currency surged by 145 pips or 1.63% against the British Pound during last week’s trading sessions. The currency pair was guided up by the 200– period simple moving average. All things being equal, the exchange rate could...
Dollar Index: Can Last Week’s Rally Extend Toward 98.00?
Global markets are trading with a decidedly risk-off tone to start the week on fears of COVID-19 hotspots in Beijing, Brazil, and certain Southern US states, among other areas. While the battle against the global pandemic has alternated (and likely...
EURUSD – Close above 10DMA to Signal that Two-Day Pullback is Over
The Euro edged higher in early US session on Monday, after two-day fall was contained by key Fibo support at 1.1212 (38.2% of 1.0870/1.1422) on Friday and today’s action stays above correction low. Larger uptrend remains intact and current easing...
Gold Drifts Above The 1724 Technical Support
The precious metal did not make any major gains on Friday despite some stock market volatility. However, prices are firmly supported above the 1724 level for the moment. The precious metal attempted to make some gains but prices stalled near...
Interesting Technical Setup in USD/CAD
Interesting technical setup in the USDCAD The US Dollar was bullish against most of its major pairs on Friday with the exception of the NZD, AUD and CAD. On the economic data front, the University of Michigan’s Consumer Sentiment Index...
GBP/USD in for a Bearish Ride – Elliott Wave Analysis
GBPUSD is looking lower, after a completed five-wave recovery within a higher degree wave C, which seems to have found a top at the 1.281 level. We see a sharp reversal lower, which can be first sign of a bearish...
NZDUSD’s Positive Picture Tackles Negative Tensions
NZDUSD is currently restricted by the 50-period simple moving average (SMA) residing at the level of the inside swing low of 0.6468. The pair is dealing with selling pressures, which appear to be strengthening, something also reflected in the Ichimoku...
GBPUSD Tries To Overcome 1.2640 Roof, Still Bullish
GBPUSD is trading around the vicinity of 1.2640, that being the 23.6% Fibonacci retracement of the upward wave from 1.2075 to 1.2815 and where the red Tenkan-sen line currently lies. The price is eating a portion of its last sessions’...
XAU/USD Consolidated Near 1,740.00
Yesterday, the XAU/USD exchange rate traded sideways around the 1,730.00 level. During Friday morning, the rate maintained its consolidation. Given that yellow metal is supported by the 55-hour moving average near 1,727.80, it is likely that some upside potential could...
USD/JPY Tests 100-Hour SMA
On Thursday, the USD/JPY currency pair tested the support from the weekly S2 and the monthly S1 at 106.50. During today’s morning, the pair reversed north. It is likely that some downside potential could prevail in the market, as the...
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