USD/CHF 4H Chart: Decline Likely To Continue
During the past week, the US Dollar has declined by 1.28% in value against the Swiss Franc. The currency pair was pressured down by the 50– and 100– period SMAs. All things being equal, the exchange rate will likely continue...
EUR/GBP 4H Chart: Could Edge Lower
The common European currency has surged by 1.47% in value against the British Pound since last week’s trading sessions. The currency pair tested a resistance cluster at 0.8593 on January 14. The exchange rate breached a support cluster formed by...
Market Morning Briefing: Pound Is Trying To Slowly Inch Higher
STOCKS Dow has breached the 29000-29050 resistance zone as against our view of seeing a corrective fall from there. A further rise is possible while the Dow sustains above 29100. DAX is trading mixed and is stuck in a narrow...
Copper Futures Unlock 8-Month High; Positive Momentum Increases
Copper futures for March delivery stretched their rally to a fresh eight-month peak of 2.8794 earlier today, exiting from the squeeze Bollinger Band. The near-term bias is looking bullish as the RSI is heading upwards near the 70 level, while the MACD...
USD/TRY Outlook: Lira Jumps After CBRT Surprised With 0.75% Rate Cut Vs 0.5% Consensus
Turkish lira rose against US dollar after CBRT surprised markets by 0.75% rate cut to 11.25% vs widely expected half percent easing. The central bank said that current policy stance remains consistent as inflation outlook continues to improve. Rate cut...
Gold Price Could Restart Its Rise Above $1,575
Key Highlights Gold price corrected lower from $1,611 and tested the $1,535 support against the US Dollar. Recently, there was a break above a key bearish trend line with resistance near $1,545 on the 4-hours chart of XAU/USD. The US...
AUD/USD Outlook: Aussie Dips Below 200DMA on Concerns of Negative Impact from Trade Deal
The Australian dollar dipped below 200DMA support (0.6890) on Wednesday, after details of US/China trade deal which is going to be signed later today were digested. Concerns that the deal could hurt Australian economy, increased pressure on Aussie and generated...
EURCHF Tumbles Towards 33-Month Low, Negative Outlook At Play
EURCHF is holding to losses for the third week in a row, dropping to a 33-month low of 1.0758 earlier today. The sharp sell-off has driven the pair beneath the six-month trading range of 1.0810 – 1.1055, turning the outlook...
WTI Oil Outlook: Bears Are Pausing Above 200DMA, Awaiting US Crude Inventories Reports
WTI oil price edged higher on Tuesday after steep fall in past six days found footstep at 200DMA ($57.75). Oil price came under pressure on signs of de-escalation of US/Iran conflict as unexpected rise of US crude stocks last week...
EURUSD 1.1170 Target
The euro currency has tested the 1.1145 resistance level against the US dollar as short-term upside momentum in the pair increases. Steady gains above the 1.1145 level could see EURUSD bulls testing towards the important 1.1170 resistance level. Failure to...
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