AUD/USD Outlook: Fresh Bullish Acceleration Pressures Key Barriers
The Australian dollar rallies on strong risk mode on Tuesday and hit the highest since 10 Mar.Extension above former high (0.6616) is pressuring 200DMA (0.6656), with break here to generate bullish signal for continuation of uptrend from 0.5509 (19 Mar...
GBP/CAD Retracement In Progress
The GBP/CAD had formed a potential retracement above W L3 support, which is in confluence with M L5 camarilla support. The price should go up. At this point we can also see a small inverted head and shoulders pattern which...
EURAUD Appears Flat Below Ichimoku Cloud
Technical Analysis – EURAUD appears flat below Ichimoku cloudEURAUD has been trading within a consolidation area over the last couple of weeks with upper boundary the 1.6895 resistance and lower boundary the 1.6610 support level. The pair is capped by...
Gold Under Pressure
Gold is retreating a little bit of Monday. The instrument is trading at 1728.60 USD; investors have been selling it for the second trading session in a row. On one hand, investors are pretty inspired by the opportunity that quarantine...
Gold Takes A Breather After Reaching A 91-Month Peak
Gold appears to have somewhat weakened after plotting a fresh more than 7½-year high, stalling above the mid-Bollinger band at 1,716. Though the short-term oscillators back a very short-term weakness in the price, the simple moving averages (SMAs) still maintain...
AUDJPY Pulls Back, But Still in Positive Mode
AUDJPY inched lower in the last couple of sessions, after touching a 6-week high at 71.00, but the series of higher highs and higher lows is still intact on the daily chart, keeping the broader outlook positive. Endorsing the improved...
GBPAUD Bearish Wave Continues, 1.8524 Eyed As Oversold Signals Strengthen
GBPAUD added new legs to the downward pattern it started in early March after piercing the 200-day simple moving average (SMA), with the developing bearish cross between the 20- and 200-day SMAs increasing the case for another extension. That said,...
BTCUSD $9,300 Resistance
Bitcoin has moved back above the $9,000 level after dip-buying interest came in from the $8,800 technical support area earlier today. Going forward, BTCUSD bulls need to move price back above the $9,300 level to further stabilize the cryptocurrency in...
EURUSD 1.0860 Critical Support
The euro currency is giving back a large portion of its weekly gains against the US dollar after the pair broke through the 1.0935 support level. The EURUSD pair is now at risk of falling towards the 1.0860 technical area...
US 30 Index Fails To Improve The Bullish Picture
The US 30 index is creating a sideways channel with an upper boundary the 24,913 resistance and lower boundary the 22,900 support. The index is still developing above the 50-day simple moving average (SMA), however, the MACD oscillator is flattening...
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