JP 225 Index’s Bullish Bearing Shows No Weakness
The Japan 225 index (Cash) has recorded a two-month peak of 28,549, resuscitating the uptrend from the 24,502 low, after breaching the recent 28,371 high. The soaring 50-period simple moving average (SMA) is endorsing the more than two-week rally, and...
Platinum Wave Analysis
Platinum broke round support level 1000.00 Likely to fall to support level 959.00 Platinum recently broke the round support level 1000.00 (which has been repeatedly reversing the price from last January). The breakout of the support level 1000.00 coincided with...
EURUSD Continues to Slide as Positive Hopes Fade
EURUSD is edging lower toward the 1.0900 handle after bullish developments in the pair were unable to overpower the 1.1100 hurdle. The falling simple moving averages (SMAs) are endorsing the 10-month bearish trend from the May 2021 high of 1.2266....
AUD/USD outlook: Bulls are losing traction on approach to key resistance
The Australian dollar remains well supported, with strong gains against Japanese yen, underpinning the AUDUSD pair. Aussie advanced around 5% vs the US dollar and 10% vs yen in past almost two weeks, as Japanese currency remains under pressure on...
GBP/USD Outlook: Cable Remains Directionless Between Pivotal Fibo Levels
Cable holds in a choppy and directionless mode for the second straight day and remained resilient despite downbeat UK retail sales data for February. Weaker dollar in European trading on Friday helped sterling ahead of pivotal support at 1.3150 (50%...
GOLD ($XAUUSD) Buying The Dips After Elliott Wave Zig Zag
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of GOLD, published in members area of the website. As our members know, we’ve been favoring the long side in the...
EUR/USD Pair Started a Fresh Increase from $1.0950
The Euro started a fresh increase from the 1.0950 support zone against the US Dollar. The EUR/USD pair traded above the 1.1000 resistance level and the 50 hourly simple moving average. It even moved above the 1.1020 level and cleared...
Crude Oil Price Start Fresh Increase, Gold Consolidates
Key Highlights Crude oil price started a steady increase above the $105.00 resistance. A key bullish trend line is forming with support near $113.70 on the 4-hours chart. Gold price is consolidating above the $1,900 support zone. The US Manufacturing...
AUD/USD Gains Pace, Why It Could Continue Higher
Key Highlights AUD/USD started a fresh increase above the 0.7320 resistance. It broke a key bearish trend line with resistance near 0.7300 on the 4-hours chart. EUR/USD is still struggling below 1.1120 while GBP/USD surpassed 1.3200. Oil price is rising...
AUD/USD Outlook: Aussie Breaks Key Fibo Barrier, Lifted by Rise in Asian Stocks
The Australian dollar resumes higher on Tuesday after bulls paused on Monday, on headwinds from pivotal Fibo barrier at 0.7416 (76.4% retracement of 0.7555/0.6967). Today’s break through this barrier, generated fresh signal of continuation of recovery leg from 0.70 zone,...