EURGBP Skyrockets To New 2-Month High
EURGBP surged towards a fresh two-month high of 0.9055 earlier today after picking up momentum above the 0.9000 resistance. Meanwhile, in technical indicators, the RSI is hovering in overbought zone, while the blue %K line of the stochastic oscillator is...
EURUSD Monthly Close
The euro currency is testing towards the 1.1100 resistance level against the US dollar, as the pair continues its strong upside breakout. Traders will be attempting to perform a positive weekly and monthly price close for the EURUSD pair today....
ETHUSD $235.00 In Focus
Ethereum is starting to rally back towards the April monthly trading high, as the second largest cryptocurrency stabilizes above the $220.00 level. The $235.00 and $250.00 resistance levels are the key upside targets that ETHUSD bulls are focusing on. Due...
USDCHF Extends Sideways in a Range-Bound Market
USDCHF presently below the 0.9700 mark, continues to zig zag above and below the mostly horizontal simple moving averages (SMAs) in a directionless market that has endured since early April. Glancing at the short-term oscillators, they too mirror weak directional...
EURJPY’s Ascent Retraces, Loading for Another Run Up
EURJPY despite the recent pullback in price maintains its bullish bias above the simple moving averages (SMAs) and the Ichimoku cloud. The current horizontal Ichimoku lines reflect a pause in price appreciation, while the short-term oscillators suggest some weakening in...
AUD/USD Outlook: Optimistic Fundamentals Prevent Deeper Pullback For Now
The Aussie remains bid ion Thursday despite double failure at 200DMA (0.6657), underpinned by fresh optimism that economic downturn over pandemic lockdown may be less severe than feared. This so far fades negative signals on repeated upside rejection that may...
USD Finds Strength Against Its Majors
The US Dollar was bullish against most of its major pairs on Wednesday with the exception of the EUR. On the economic data front, the Mortgage Bankers Association’s Mortgage Applications increased 2.7% for the week ending May 22nd, from -2.6%...
USD/JPY Testing Key Resistance at 108.10 Following Another $1T+ Japanese Stimulus Package
During today’s Asian session, Japan’s Prime Minister Shinzo Abe and his cabinet approved another ¥117T (USD $1.1T) stimulus package including subsidies to help firms pay rent, financing help for struggling companies, support for local economies, and health care assistance. This...
XAU/USD Tumbled To 1,705.00
Yesterday, the XAU/USD exchange rate tumbled to the 1,710.00 level. During Wednesday morning, the rate declined below the given level. From the one hand, it is likely that some downside potential could prevail in the market. In this case the...
EURCHF Maintains Optimism Drifting Towards the Ichimoku Cloud
EURCHF maintains a positive tone despite fading from the 1.0660 peak of May 18. Backing the sudden soar in price from the 57½-month low of 1.0504 to the 1.0660 high and promoting advances, is the gradual upward gradient in the...
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