XAU/USD Raised To 1,740.00
On Thursday, the XAU/USD exchange rate raised to the psychological level at 1,740.00. During today’s morning, the rate was trading at 1,730.00. It is likely that yellow metal could gain support from the 55-, 100– and 200-hour SMAs in the...
GBP/USD Remains Below 1.2400
Yesterday, the GBP/USD exchange rate tried to surpass the weekly S1 at 1.2395. During Friday morning, the rate declined below the monthly PP at 1.2345. It is likely that the currency pair could be pushed down to the 55– and...
EUR/USD Touched 1.0740
On Thursday, the EUR/USD currency pair failed to decline below the 1.0760 level. During today’s morning, the pair touched the 1.0740 mark. Note that the exchange rate remains under pressure of the 55– and 100-hour SMAs in the 1.0820 area....
EURJPY Denied a Close Below Tough Support of 115.86
EURJPY today pushed below the 115.86 low of September 2019 producing a 3-year low of 115.71. The pair bounced off this level, that being the 123.6% Fibonacci extension of the up leg from 116.35 to 119.03 driving the price to...
USDCAD Can be Turning Bullish Again – Elliott Wave Analysis
USDCAD made a rally recently from the 1.385 level, which is a sign that a higher degree wave 4) correction is completed, and that a new five-wave cycle is underway into a wave 5). That said, for further evidence that...
EURUSD Bears Challenge Triangle To Get Full Control
EURUSD has been making lower highs and higher lows since the end of March on the four-hour chart, forming a shape of a symmetrical triangle, which looks to be at risk at the moment. The momentum indicators are currently indicating...
USD/JPY Outlook: Slight Bullish Alignment but More Work Needed for Eventual Exit from Week-long Range
The pair holds slight bullish tone on Wednesday and attempts to break out from seven-day 107/108 zone range, where the action was stuck on safe-haven demand for both currencies. Wednesday’s action is holding in the upper side of the range...
USDCHF Maintains a Horizontal Bearing as Momentum Fades
USDCHF has been mainly flat for the last two weeks confined within the 0.9742 and 0.9590 boundaries. Confirming the mostly directionless market are the 50- and 100-period simple moving averages (SMAs’) uncertain signals and the sideways demeanour of the 200-period...
USD/TRY Consolidation
Pivot (invalidation): 6.9610 Our preference Long positions above 6.9610 with targets at 6.9810 & 7.0000 in extension. Alternative scenario Below 6.9610 look for further downside with 6.9480 & 6.9320 as targets. – advertisement – Comment A support base at 6.9610...
USDJPY Consolidates Below SMAs and Ichimoku Cloud
USDJPY has been consolidating since March 27 and has been stuck in a channel tilting slightly to the downside. The neutral to bearish picture in the short-term looks to last for a while longer after price slipped below the simple...
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