Twitter Stock Pauses Above Uptrend Line, Loads For Next Direction
Twitter stock is currently consolidating around 32.68 – which is the 23.6% Fibonacci retracement of the down leg from 45.81 to 28.60 – capped by the 20-day simple moving average (SMA) and supported by the 50-day SMA and uptrend line...
WTI Oil Outlook: Bears Pressure Key $50 Level But Final Break Might be Delayed for Consolidation
WTI oil remains in red and extends to new six-month low ($50.66) on Monday, increasing pressure on psychological $50 level. The sentiment remains extremely weak on persisting concerns about strong negative impact on global oil demand on spreading China virus....
Dow Jones Outlook: Bears are Pausing above Rising Daily Cloud
The Dow Jones bounces on Monday (up 0.77% from opening), recovering some ground after last Friday’s heavy losses (2.05% down for the day, the biggest one day fall in six months). Fears of coronavirus spreading and rising death toll keep...
Gold Remains Optimistic Despite Receding To Ichimoku Cloud
Gold’s recent withdrawal from 1,594 is tackling the uptrend line, drawn from 20 December 2019, and the 1,575 level – near the Ichimoku cloud – which is the 23.6% Fibonacci retracement of the up leg from 1,458.42 to 1,611.28. Moreover,...
Coronavirus, Weaker PPI hitting AUD/USD
Fears of an increase in the contagion of the coronavirus have been causing a selloff in the Australian Dollar across the board. As we have discussed during the US-China trade war, the Australian economy is directly tied to China’s economy. ...
XAU/USD Remains Below 1,585.00
On Thursday, the XAU/USD exchange rate failed to surpass the 1,585.00 level. During today’s morning, the rate was trading at 1,580.00. Note that yellow metal could gain support of the 55– and 100-hour moving averages, currently located circa 1,575.00. Thus,...
USD/JPY Pressured By 55-And 100-Hour SMAS
Yesterday, the USD/JPY currency pair reversed north from the lower boundary of the rising wedge pattern. During Friday morning, the pair tried to surpass the 109.00 level. Note that the exchange rate pressured by the 55– and 100-hour moving averages,...
GBP/USD Skyrocketed To 1.3120
Yesterday, the GBP/USD exchange rate skyrocketed to the 1.3100 level. During Friday morning, the rate tried to surpass the 1.3120 level. From the one hand, it is likely that some downside potential could prevail in the market. In this case...
EUR/USD Trades At 1.1035
On Thursday, the EUR/USD currency pair broke the short-term descending channel. During today’s morning, the pair was trading near 1.1035. Note that the exchange rate gained support of the 55– and 100-hour SMAs at 1.1018. Thus, it is likely that...
GBPCAD Bullish At Six-Week Highs, Indicators Remain Positive
GBPCAD has gained this week but it managed to still hold within the Ichimoku cloud in the daily timeframe. The price ran to a fresh six-week peak today at 1.7376, climbing above 1.7340, which is the 23.6% Fibonacci retracement level...
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