EURAUD Extends Downfall from 11-Year Peak
EURAUD is extending its negative rally below the 50.0% Fibonacci retracement level of the up leg from 1.5340 to 1.9800 at 1.8740 and beneath the 40-day simple moving average (SMA) currently at 1.7543. The selling interest started from the eleven-year...
AUDJPY Attempts to Turn Neutral as Bulls Keep Control
AUDJPY posted solid gains in recent sessions, continuing to recover after crashing in late February. The pair is now testing the 67.70 zone and crucially, a close above this region could turn the outlook back to neutral, from cautiously negative...
CHI50 Stock Index Retreats to Meet Supportive Trendline
China’s 50 stock index (CHI50) is testing the ascending trendline that has been navigating the market since the slump to a one-year low of 11,558. The negative cross between the red Tenkan-sen and the blue Kijun-sen lines and the weakening RSI...
GBPUSD Gaining Traction
The British pound is appearing increasingly bullish against the US dollar currency as the pair attempts to gain strength above the 1.2400 level. A bullish inverted head and shoulders pattern is building and is projecting a move towards the 1.2800...
EURUSD Consolidates As Momentum Evaporates
EURUSD appears to be restricted by the 100-period simple moving average (SMA) after finding some support from the mid-Bollinger band around the 1.0838 level, that being the 23.6% Fibonacci retracement of the down leg from the 13-month high of 1.1496...
WTI Outlook: US Crude Stocks Show Record Weekly Rrise
US crude inventories rose by 15.2 million barrels in week to 3 Apr, in the biggest weekly crude stocks rise in the history. The news were not a big surprise to the markets, although consensus was much lower (9.2 mln...
Silver Could Retreat But Will the Trendline Help?
Silver bulls surrendered to the 200-period moving average (SMA) on the four-hour chart earlier this week and shifted sideways, pausing the uptrend at a fresh high of 15.50. Downside risks seem to be increasing as the RSI is pointing down...
Gold Snaps An Improving Pose Ahead Of The Uptrend Line
Gold appears to have found some footing at the 1,643 level from March 26 as it creeps towards a very short-term uptrend line drawn from the 1,455.17 low of March 20. Although the simple moving averages (SMAs) are not giving...
AUS/USD Outlook: Aussie Advances to New April’s High on Fresh Risk Appetite
The Australian dollar advanced 1.8% since Asian opening on Tuesday, making the biggest daily advance in the new month and hit new April’s high Risk sensitive currency was supported by rise in global equities that boosted appetite for riskier assets,...
GER 30 Index Exits Neutral Zone But New Barrier Pops Up
The German 30 stock index escaped from an almost three-week old range on the four-hour chart but quickly found new resistance near the 200-period simple moving average (SMA) on the way up. According to the RSI and the Stochastics, there is not much upside left as the...
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