EUR/USD Reached 1.1030
On Thursday, the EUR/USD currency pair raised to the psychological level at 1.1030. During today’s morning, the pair was testing the support provided by the 100-hour SMA at 1.1017. If the given support holds, it is likely that some upside...
GBP/USD Supported By Moving Averages
Yesterday, the GBP/USD exchange rate increased to the 1.2880 level. During Friday morning, the rate was trading at the given level. Note that the currency pair is supported by the 55-, 100– and 200-hour moving averages, currently located circa 1.2850....
USD/JPY Could Consolidate
Yesterday, the USD/JPY currency pair tried to surpass the support level formed by the weekly S1 and the Fibo 38.20% at 108.44. During Friday morning, the pair was testing the resistance formed by the 55-hour SMA at 108.69. If the...
XAU/USD Consolidated At 1,470.00
On Thursday, the XAU/USD exchange rate tried to surpass the resistance level formed by the monthly S1 and the 200-hour SMA at 1,475.18. During today’s morning, the rate was testing the support formed by the 55– and 100-hour SMAs, as...
ETHUSD Bullish Bias
Ethereum is performing fairly well despite the recent heavy losses seen across the broader cryptocurrency market this week. Continued gains above the $180.00 level are now needed to challenge towards the top of the ETHUSD pair’s short-term trading range. Crypto...
EUR/GBP Outlook: Bears continue to gradually extend
The cross continues to move gradually lower after eventually breaking below the floor of month-long congestion and hit new low at 0.8550 (the lowest since 7 May). Strong bearish setup on daily/weekly chart studies signals further weakness, with strong supports...
EUR/USD Could Maintain Its Decline
Yesterday, the EUR/USD currency pair tried to surpass the psychological level at 1.1000. During Thursday morning, the pair was still testing the given level. Note that the exchange rate is pressured by the 55– and 100-hour moving averages, currently located...
Elliott Wave View: USD/JPY Remains Supported
Elliott Wave View on USDJPY suggests the rally from October 3 low is unfolding as a leading diagonal. A leading diagonal is one form of a 5 waves move with wave 1 and 4 overlapping and the structure looks like...
USDTRY Flirts with 40-Day MA and 38.2% Fibonacci Within a Sideways Market
USDTRY sellers are trying to push below the 5.75 mark, which is the 38.2% Fibonacci retracement of the down leg from 6.24 to 5.45 and where the 40-day simple moving average (SMA) is currently located. The pair seems to be...
AUD/USD Outlook: Aussie Extends Weakness as Trade Optimism Fades
The Australian dollar fell to two-week low against its US counterpart on Wednesday, extending weakness into fourth straight day and breaking through important Fibo support at 0.6830 (38.2% of 0.6670/0.6929). Lack of breakthrough in US/China trade talks cooled down risk...
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