Daily Technical Analysis
EUR/USD Current level – 1.0718 The pair seems to have found a bottom at the support 1.0650, however price action from the last couple of weeks suggests total domination of the bears. Sentiment remains unchanged for a rally of the...
USDJPY Maintains Positive Outlook Near Multi-Month Highs
USDJPY pushes higher continuing a two-week uptrend which commenced on March 9 from the 101.17 multi year low. The move seems to be backed by positive momentum within the upward sloping Ichimoku lines, as well as the bullish crossover of...
Oil Prices Are Ready For To Hit New Lows
On Monday, March 23rd, Brent is trading at 26.23 USD per barrel. After a quick rebound, market players resumed selling: demand for energy commodities remains low, thus putting pressure on prices. The COVID-19 pandemic continues spreading worldwide and makes global...
Market Morning Briefing: Dollar Index Is Holding Below Resistance At 103
STOCKS The movement in the equity segment will need a close watch this week. Dow has to sustain above 19000 to avoid a fall to 18000. However, we would be looking for it to bounce from 18000 as it is...
Large Bounce in AUD/USD, But is it Enough?
Earlier this week, The Reserve Bank of Australia (RBA) had an emergency monetary policy meeting, in which they cut interest rates a record low of 25bps. In addition, the RBA announced the start of their own quantitative easing program. The...
DXY: Greenback’s Pullback May be Short-Lived
Like it or not, the US dollar is the world’s reserve currency and therefore, the axis upon which the global financial system turns. As traders try to adjust to the rapidly-changing global health and economic outlook as COVID-19 spreads, the...
EUR/CHF: Euro Swissy Soon To End Correcting The 2015 Cycle
Here, I am going to take a look on weekly and daily charts of Euro Swissy $EURCHF. In a quiet natural way, this cross is a ratio of two pairs: $EURUSD and $USDCHF. In weekly time frame, the pair $EURCHF...
CAD And NOK Biggest Losers As Oil Price Crashed
Oil price crashed more than 30% and reached a low of $27 earlier this week. OPEC’s failure to agree on further production cuts and Saudi Arabia/Russia price war has driven crude oil to the low last seen in January 2016....
AUD/NZD Forecasting The Path Lower
In this blog, we are going to take a look at the Elliottwave chart of AUDNZD. The chart below from March 3 update shows that the cycle from November 8, 2019 high unfolded as 5 waves impulsive structure. The move...
XAU/USD Surpassed 1,500.00
On Thursday, the XAU/USD exchange rate tested the support level—the monthly S2 at 1,466.10. During today’s morning, the rate raised to the 1,505.00 area. It is likely that yellow metal could gain support from the 55– and 100-hour SMAs, as...
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