USD/JPY Outlook: Rally Above Daily Cloud Approaches Key Fibo Barrier/200DMA
The pair jumped above thickening daily cloud on Tuesday and approaching pivotal barriers at 108.17/25 (Fibo 38.2% of 111.71/105.98 / 200DMA), with the action being boosted by fresh risk mode and exodus from safe havens. Today’s extension above 55DMA (107.52)...
GBP/USD Outlook: Cable Extends Recovery Despite Terrible Jobless Claims But Pivotal Barriers Stay So Far Intact
Cable extends Monday’s recovery, fueled by rise in global stocks and fresh risk appetite, to hit session high at 1.2267 (the highest since 13 May) in early European trading on Tuesday. UK jobs data showed increase in employment and lower...
Currency Pair of the Week: GBP/USD
The Great British Pound was under pressure last week as talks between the UK and the EU broke down. Both sides admit to very little progress, and EU’s Barnier went as far to say that he was disappointed by the...
USD/JPY Outlook: Bulls Regain Traction But Need Close above Daily Cloud for Initial Positive Signal
The pair holds bid tone on Monday as global gradual re-opening elevates risk that increases pressure on yen. Fresh strength after three days in narrow range trading (held by 10DMA) probes above daily cloud which narrowed these days, but will...
EURUSD Bearish Patterns
The euro currency has a slight negative bias against the US dollar as the new trading begins, following last week’s heavy rejection from just below the 1.0900 level. Bearish head and shoulders patterns across multiple time frames are warning that...
AUDCAD Bulls May Challenge Long-Term Downtrend Above 0.9150; 20-Day SMA Eyed For Support
AUDCAD has been showing a clearer bearish tendency since the start of 2018 which could now come into question if the price manages to extend its latest rebound above the swing high of 0.9150. The 50% Fibonacci of the downleg...
NZDUSD Declines After Hitting 0.6015, Seems Bearish In Near Term
NZDUSD looks to be mostly bearish after a descent from the 0.6155 resistance level, returning the price back below the simple moving averages (SMAs) and the Ichimoku cloud. The short-term oscillators reflect a stall in the negative momentum. The MACD,...
EURUSD 1.0770 Support Holds
The euro currency is starting to rise against the US dollar after sellers failed to break the technically important 1.0770 support level. The EURUSD pair could start to rally back towards the 1.0865 level if sellers fail to breach the...
USDJPY Appearing More Bullish
The US dollar has moved back above the 107.00 level against the Japanese yen currency as the greenback continues to attract buying interest. Technical analysis on the lower time frames shows that the USDJPY pair could test the 108.00 level...
US 30 Index’s Ascent Slows, Forming Head And Shoulders Pattern
US 30 stock index’s (Cash) one-month ascent from the multi-year low of 18,170 seems to have eased, forming a head and shoulders pattern on the daily timeframe. The price is currently testing the neckline of the pattern barely under the...
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