GER 30 Cash Index Retains Upside Trend; SMAs Act as Strong Resistance
The GER 30 index (Cash) has been making higher highs and higher lows since the mid of March when it touched the new trough of 7,950, pausing the previous downtrend in the short-term. The technical indicators continue to send weak positive signals, suggesting...
USDJPY Bears Have The Edge
The US dollar remains under pressure against the Japanese yen currency in early Tuesday trade as short-term sellers remain in control of the pair. Should we see price contained below the 107.00 level USDJPY sellers could easily target the 105.50...
Copper Futures Bullish Correction Under Strain
Copper futures’ correction seems to be faltering below the 50-day simple moving average (SMA) and under the 2.3175 level – that being the 38.2% Fibonacci retracement of the down leg from 2.8819 to 1.9684 – as it edges in the...
US 500 Index Stalls after Fading ahead of 2,986 Border
US 500 stock index (Cash) is inactive at the 2,789 level, that being the 50.0% Fibonacci retracement of the down leg from the all-time high of 3,396.64 till the 2,183.95 low. The price appears stuck between the lower Bollinger band...
BTCUSD $10,000 Possible
Bitcoin remains well-bid onto the new trading week as traders continue to turn bulls towards the number one cryptocurrency into the upcoming halving event. A breakout above the $9,500 resistance level could see the BTCUSD pair testing the psychological $10,000...
GBPAUD Bulls Retake Control Around the 200-day SMA
GBPAUD is currently pushing up against the 100-day simple moving average (SMA) at 1.9460 after a bounce near the 200-day SMA’s region, which ultimately kept intact the medium-term positive outlook. Looking at the short-term oscillators, they paint an optimistic picture....
EUR/USD Bullish Break Kick Starts Reversal To 1.13?
Meta: EUR/USD is breaking the counter trend resistance lines for a potential bullish reversal. The bullish breakout could confirm a wave C (purple). Dear traders, the EUR/USD is breaking the counter trend resistance lines (dotted red) for a potential bullish...
EURJPY Maintains Negative Tone Despite Bulls’ Efforts
EURJPY is currently stuck around the 117.24 level, that being the 50.0% Fibonacci retracement of the down leg from 119.03 to the 3-year low of 115.44. The pause trails a pivot at the 200-period simple moving average (SMA) after the...
USD/JPY Outlook: Bears Regain Control After Short Recovery Was Capped By Daily Cloud Top
The pair returns to red on Friday after short-lived recovery on Thursday was capped by daily cloud top/weekly cloud base (107.56/60 respectively) and closed below cracked daily Tenkan-sen (107.20). Fresh weakness attacks again cloud base (106.70) after the action in...
GBPUSD Outlook: Cable Pulls Back After Bulls Failed At 200DMA
Cable holds in red and some hundred pips below Thursday’s two-week high (1.2642), hit after 1% daily rally, sparked by month-end dollar’s sales. The rally was capped by key barriers at 1.2647 (14 Apr former high / 200DMA) and sterling...
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