XAU/USD Might Consolidate
On Thursday, the XAU/USD exchange rate traded sideways around the 1,576.00 level. During today’s morning, the rate continued to trade at the given level. On the one hand, yellow metal could gain support of the monthly PP at 1,573.09 and...
GBPAUD Flirts With 1.9400 Number, Positive Prospects
GBPAUD has gained little this week but it managed to hold above the 20-day simple moving average (SMA) and re-enter the 1.9400 area, however, the technical indicators feed prospects for a possible improvement in the near term. The RSI indicator...
Market Morning Briefing: Aussie Has Risen As Expected And Could Test 0.6775
STOCKS Equities seem to lack strength to move sharply higher. As mentioned yesterday the segment is not convincingly looking strong as the increasing reported number of corona virus cases weigh on the sentiment. Dow has room to rise in the...
GBPCAD Holding Bullish Above the Ascending Trendline
GBPCAD’s positive momentum appears to be picking up ahead of the uptrend line drawn from the September 3 low. The move up seems to be assisted by the fresh bullish crossover of the 50-day simple moving average (SMA) by the...
GBP/USD Outlook: Bulls Are Back To Play And Eye Key 1.30 Barrier
Cable regained traction and edged higher on Thursday, keeping near-term focus at the upside and averting risk of formation of shooting star reversal pattern on daily chart, after Wednesday’s action stalled on approach of key 1.30 barrier and left daily...
Market Morning Briefing: Aussie Has Dipped A Bit But While Above 0.6660
STOCKS Equities manage to hold higher but are not convincingly looking strong across the segment. While some indices are turning bullish, some are coming closer to their important resistances and will need a close watch. Indices like the Dow, Sensex...
USDCNH’s Attempt Fails to Remain above 7.0000; SMAs Act as Supports
USDCNH is retreating below the five-month descending trend line after pulling back from the 7.0126 resistance level in the preceding week. Earlier today, the pair touched the 40-day simple moving average (SMA) and erased its intraday losses so far. Technical...
EUR/USD Could Consolidate
On Tuesday, the EUR/USD currency pair consolidated in the 1.0920 area. During today’s morning, the pair maintained its consolidation. Note that the exchange rate is pressured by the 55-hour moving average, currently located near 1.0920. Thus, some downside potential could...
Market Morning Briefing: Aussie Has Bounced From 0.6666
STOCKS Equity indices seem to need some strong trigger to gather momentum and breach their near-term resistances to move up sharply. Indices like the Dow and Nikkei has to break above their key near-term resistances in order to gain strength....
NZDJPY’s Bearish Short-Term Picture Being Tested
NZDJPY yesterday hit a floor at the 70.00 mark, resulting in the pair’s second reversal around the 70.00 – 69.95 barrier (previous resistance-now-support levels), which held back in October and November of 2019. The improving short-term oscillators back the recent...