AUD/USD Showing Signs Of Further Upside
Key Highlights AUD/USD started a strong recovery from the 0.6754 low. There was a break above a crucial bearish trend line at 0.6775 on the 4-hours chart. The US ISM Manufacturing Index declined from 48.3 to 48.1 in Nov 2019....
USDCHF Breaks Uptrend Line, But Negative Bias Not Confirmed Yet
USDCHF penetrated below a medium-term uptrend line drawn from the August lows, with the bears picking up significant momentum. However, the price structure on the daily charts still appears neutral, with trading action taking place between 1.0000 and 0.9840 in...
XAU/USD Reached 1,470.00
On Monday, the XAU/USD exchange rate tried to tested the Fibo 23.60% at 1,462.89. During today’s morning, the rate jumped to the 1,470.00 level. On the one hand, yellow metal could continue to appreciate against the US Dollar within the...
GBP/USD Holding Key Support, Likely To Rise Further
Key Highlights GBP/USD remained well supported above the 1.2880 area. A major bullish trend line is forming with support near 1.2875 on the 4-hours chart. The UK Manufacturing PMI increased from 48.3 to 48.9 in Nov 2019. The UK Construction...
EUR/USD Slowly Growing
Early in December, the major currency pair is trading calmly – everything is getting back to normal after a pause on the occasion of Thanksgiving Day in the USA. On Monday, December 2nd, EUR/USD is mainly trading around 1.1020. Investors...
GBPAUD Hits Fresh 3 ½-Year High; May Flatten in Short-Term
GBPAUD stretched to a fresh 3 ½-year high of 1.9150 on Friday ahead of the Reserve Bank of Australia policy meeting early on Tuesday. The bullish action could take a breather in the short-term according to the RSI which is...
EUR/USD At Risk Of Further Declines
Key Highlights EUR/USD extended its decline and retested the 1.0980 support area. A major bearish trend line is forming with resistance near 1.1045 on the 4-hours chart. The Euro Zone CPI increased 1% in Nov 2019 (Prelim) (YoY), better than...
EURGBP Grinds Lower, But Takes A Breather Near 0.8500
EURGBP reversed course in August after touching a decade-high of 0.9325, and has since been trending lower, with price action consisting of lower peaks and lower troughs in recent months. Yet, the bears seem to have lost their mojo near...
GBPJPY Attempts Break Above Unwavering Neutral Market
GBPJPY’s recent bounce off the 200-period simple moving average (SMA) pushed the price above the other SMAs but was halted at the 141.72 upper boundary of the range, where momentum seems to have faded again. The pair continues to be...
USDJPY 109.60 Critical
The US dollar is trading towards the best levels of the week against the Japanese yen currency, as traders attempt to break the 109.60 resistance level. A breakout above the 109.60 level should see the USDJPY pair advancing towards the...
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