GBP/USD Testing Key 1.2950 Support Zone Of Triangle
The GBP/USD breakout below the 100% Fibonacci level and bottom of wave A (green) invalidates (red x) the expected triangle chart pattern and could indicate a bearish ABC zigzag pattern. A bullish bounce, however, could confirm (green check) the triangle...
EURCHF Bears Face Big Challenge Around 32-Month Low
EURCHF found some footing around the 32-month low of 1.0780 last week and returned inside the trading range from 1.0810 to 1.1055. The MACD seems to be losing momentum below its red trigger line, the RSI is still hovering around its 30 oversold mark...
Crude Oil is Slowly Falling
On Monday, January 13th, Oil prices stopped falling right now, the instrument is consolidating around 65.05 USD. The latest report on the number of oil rigs in the USA from Baker Hughes showed -11 units, thus bringing the total number...
USD/JPY Further Advance
Pivot (invalidation): 109.40 Our preference Long positions above 109.40 with targets at 109.85 & 110.00 in extension. Alternative scenario Below 109.40 look for further downside with 109.25 & 109.10 as targets. – advertisement – Comment The RSI is bullish and...
Australian Retail Sales a Strong Beat
Australian Retail Sales were released earlier today for the month of November at 0.9% vs 0.2% expected and 0.1% last. Although the data was for November, it does not underscore the strength of the data point. This number is the...
USD/CAD Outlook: Weak US and Upbeat Canada’s Jobs Data Inflate Loonie
The loonie rallied against its US counterpart on disappointing US NFP (Dec 145K vs 164K f/c) and AHE (Dec m/m0.1% vs 0.3% f/c), also being boosted by upbeat Canada’s jobs data (Employment change Dec 35.2K vs 25K f/c; unemployment Dec...
FTSE Set for Potential Breakout
The FTSE could be the next major stock index to join the global rally after Wall Street hit a fresh record high and the DAX climbed to its best level since 2018 as the German index closed in on its...
AUDJPY Set for Golden Cross in Upward Sloping Channel
AUDJPY continues to post higher peaks and higher troughs within an upward sloping channel since late August, which keeps the broader outlook positive. Moreover, the 50-day simple moving average (SMA) looks ready to cross above the 200-day one soon, which...
EUR/USD Outlook: The Pair Gained Bearish Momentum Breaking The 1.1130 Support
The Euro started a steady decline from well above the 1.1160 support area against the US Dollar. The EUR/USD pair gained bearish momentum and even broke the 1.1130 support area. Besides, there was a close below 1.1120 and the 50...
EUR/USD Outlook: The Euro Holds In Red Ahead Of Key US Jobs Report
The Euro remains firmly in red on Friday and extends weakness after Thursday’s long-legged Doji signaled bears were pausing. The pair is on track for the worst week since early November as dollar benefited from recent geopolitical turmoil in both...
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