EURUSD Holds Below 6-Month High, Ascending In Short-Term
Since the beginning of the year, EURUSD has come under renewed selling pressure, dropping below the six-month high of 1.1240, reached on December 31. However, the pair remains above the 23.6% Fibonacci retracement level of the upward wave from the...
USD/JPY Outlook: Bears Are Taking A Breather But Outlook Remains Negative
The pair is consolidating around 108 handle on Monday, despite gap-lower opening at the beginning of the week, with larger bears taking breather above important Fibo support at 107.71 (38.2% of 104.44/109.72) after last week’s 1.2% fall. Safe-haven yen advanced...
USDJPY 107.50 Likely
The US dollar is trading under the 108.00 level against the Japanese yen currency as traders continue to sell any upside rallies in the pair. Market sentiment is extremely bearish due to geopolitical tensions, which indicates that further downside in...
S&P 500 3212.00 Expected
Pivot (invalidation): 3246.00 Our preference Short positions below 3246.00 with targets at 3222.00 & 3212.00 in extension. Alternative scenario Above 3246.00 look for further upside with 3258.00 & 3269.00 as targets. – advertisement – Comment The RSI advocates for further...
Gold – A Thing of Beauty
Many people look at Gold as a precious metal, beautiful and rare. Gold is sought after by the richest, most powerful, and most influential people in the world. It is tangible and finite, and therefore is used as a storage...
NZDJPY’s Medium-Term Positive Picture Being Tested by Sellers
NZDJPY corrects below the 20-day simple moving average (SMA) after slightly breaking above the previous high from July 22 of 2019 of 73.23, putting the bigger positive picture under pressure. The short-term oscillators suggest that the negative momentum is strengthening....
Gold Jumps Higher But Strong Resistance Awaits Near 1,556
Gold prices are continuing the strong bullish rally, reaching a fresh four-month high of 1,550 today. The short and medium-term biases look positive as the RSI keeps gaining ground in the overbought territory, while the MACD completed a positive crossover...
GOLD Jumps Above Target
Gold broke the resistance of the 1,525.00 level on Thursday. It resulted in a sharp surge, which reached the target of the 1,544.31, which was expected to be reached only next week. Moreover, by the middle of Friday’s trading, the...
USD/JPY Reaches 108.00
On Friday morning London trading hours, the USD/JPY reached below the 108.00 level. The event signaled that the decline of the pair can be expected to continue. In that case the next technical support level should be reached. The next...
EUR/USD Drops Below Support
The Thursday squeeze of the EUR/USD resulted in high volatility and a break out to the downside. By the middle of Friday’s trading, the currency exchange rate had dropped below the support levels that are located from 1.1153 to 1.1141....
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