GBP/USD Squeezed By 55- And 200 Hour SMAS
Yesterday, the GBP/USD exchange rate tested the support level formed by the monthly S1 at 1.2292. During Friday morning, the rate was testing the 100-hour SMA near 1.2400. On the one hand, the given moving average could push the currency...
EUR/USD Remains Above 1.0750
On Thursday, the EUR/USD currency pair raised to the resistance level formed by the 100-hour SMA and the weekly S1 at 1.0856. During today’s morning, the pair was testing the given resistance. Note that the exchange rate is supported by...
GBPUSD Creates Ascending Triangle In Near-Term, Slightly Bullish
GBPUSD is in the process to creating an ascending triangle pattern with strong resistance the 1.2640 barrier and a rising trend line, which starts from the low on April 7. The pair rebounded on 1.2265 in the preceding sessions and...
USD/JPY Recovery Could Fail Near 107.00
Key Highlights USD/JPY traded to a new monthly low at 105.98 before correcting higher. A crucial bearish trend line is forming with resistance near 106.90 on the 4-hours chart. The US Initial Jobless Claims for the week ending May 02,...
Silver Retests 50-day SMA as Trend Optimism Rises
Silver is struggling to claim the 50-day simple moving average (SMA) but the bullish cross between that line and the 20-day SMA, although weak, is currently somewhat promising of an uptrend resumption. In order to attract buying interest and challenge...
USDCHF’s Gains Struggle Within A Sideways Structure
USDCHF is currently tackling the 0.9767 high after finding some footing at the 0.9730 level, that being the 23.6% Fibonacci retracement of the up leg from the 56 ½-month low of 0.9182 to the three-month high of 0.9900, and the...
GBPUSD Looks To Weaken Further Lower
GBPUSD looks to correct further lower as it holds on to its downside pressure. Support stands at 1.2300 area with a break turning focus to the 1.2250 level. Further down, support lies at the 1.2200 level where a violation will...
GBPCAD Drifts, Stalled Within a Sideways Market
GBPCAD found some traction at the 200-period simple moving average (SMA) of 1.7378 following a drop from the 1.7703 level. The price is still within the confines of a short-term trading range since April 8, something also endorsed by the...
EUR/JPY Outlook: Bears Extend To The Lowest Levels Since Nov 2016
The cross fell further on Wednesday and hit new 3 1/2 low just under 115 mark, holding in red for the fifth straight day. The Euro was hit by Tuesday’s German top court decision, with rising safe-haven demand on concerns...
Bundesverfassungsgericht Questions ECB
The ECB has been given 3 months to prove to the Bundesverfassungsgericht that QE was necessary. Germany’s Constitutional Court, Bundesverfassungsgericht, officially questioned whether the ECB legally purchased 2 trillion Euros worth of government debt during its Quantitative Easing (QE) Program. ...
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