GBPUSD Still Bullish
The British pound is trading around the 1.2880 level against the US dollar, with sellers in control of the pair over while price trades under the 1.2900 level. A sustained breakout above the 1.2960 level is now needed to secure...
XAU/USD Remains Above 1,454.00
On Thursday, the XAU/USD exchange rate traded sideways around the psychological level at 1,456.00. During today’s morning, the rate was testing the resistance formed by the 55– and 100-hour SMAs at 1,457.00. If the given resistance holds, it is likely...
USD/JPY Tests Fibo 50.00%
Yesterday, the USD/JPY currency pair tried to surpass the resistance level formed by the Fibonacci 50.00% retracement at 109.58. During Friday morning, the pair continued to test the given resistance. From the one hand, the exchange rate could reverse south...
GBP/USD Could Trade Downwards
Yesterday, the GBP/USD exchange rate reversed south from the upper boundary of the short-term ascending channel. During Friday morning, the rate was testing the support formed by the 55-, 100– and 200-hour SMAs, as well the weekly PP in the...
GOLD Downtrend Continues As Long As Higher TF Show Bearish Trend
Amidst Low volatility, the solution is to drop to lower TFs and trade the trend. Gold is performing slightly better in terms of ATR, but it’s still slow. 1465-70 Zone might show fresh sellers as the price is still bearish....
AUDJPY Trades above Uptrend Line; Cautiously Positive in Near Term
AUDJPY has been posting higher highs and higher lows above a medium-term uptrend line since late August, when the pair touched 69.95, its lowest level in a decade. The short-term outlook therefore seems to have turned positive, though a decisive...
USDJPY Maintains Bullish Sentiment; Ascent Eases at 61.8% Fibonacci
USDJPY has settled at the 109.35 level, which is the 61.8% Fibonacci retracement of the down leg from 112.39 to 104.64. The positive picture is intact despite the stalling in the price, which is aided by the flattened Kijun-sen line...
USD/TRY Expect 5.8030
Pivot (invalidation): 5.7630 Our preference Long positions above 5.7630 with targets at 5.7910 & 5.8030 in extension. Alternative scenario Below 5.7630 look for further downside with 5.7450 & 5.7290 as targets. – advertisement – Comment The RSI calls for a...
Copper Futures Resume Positive Outlook; Buyers Unable to Breach 2.7015 Resistance
Copper futures are attempting to push back up to retest the 2.7015 resistance from the high of September 16, which halted gains from the bounce off the 200-period simple moving average (SMA). Aiding the positive view are the 50- and...
USD/JPY Outlook: The Pair Consolidating Gains Above 109.00
The US Dollar remained in a positive zone above the 108.50 area against the Japanese Yen. The USD/JPY pair gained traction after it broke the 108.80 resistance area. Moreover, there was a close above the 108.80 resistance and the 50...
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