USD/CHF Likely To Struggle Near 0.9940
Key Highlights The US Dollar started a fresh increase from 0.9849 against the Swiss Franc. A significant bearish trend line is forming with resistance near 0.9940 on the 4-hours chart of USD/CHF. The US Services PMI in Oct 2019 declined...
XAU/USD Outlook: Gold Eases Towards $1500 Mark On Fresh Risk Mode
Spot gold holds in red for the second straight day and dips close to important $1500 support, deflated by fresh optimism about US/China trade talks that revived risk mode. Fresh weakness emerged after last week’s strong bullish acceleration was capped...
USD/JPY Outlook: Fresh Risk Appetite Inflates Bulls For Renewed Attack At 200DMA
The pair rallies for the third straight day, boosted by fresh hopes on US/China trade deal that prompted investors into riskier assets. Last week’s strong fall after failure to clear 200DMA (109.02) was contained by daily Kijun-Sen (107.88) where the...
Market Morning Briefing: Aussie Has Also Dipped From Weekly Resistance Near 0.6925
STOCKS Equities gain momentum and keep the broader bullish view intact. DAX, Nikkei, Sensex and Nifty look bullish to see further rise in the coming days. But Dow has an important resistance coming up which has to be broken for...
EUR/NZD 4H Chart: Breakout Occurs
Bearish momentum has been dominating the common European currency against the New Zealand Dollar since October 16. A breakout occurred through the lower boundary of a dominant ascending channel pattern at 1.7389 during last week’s trading sessions. Given that a...
AUD/NZD 4H Chart: Decline Likely To Continue
The Australian Dollar has been appreciating against the New Zealand Dollar since October 24. The currency pair surged about 1.44% in value during last week’s trading sessions. After the pair tested a resistance cluster at 1.0828 on October 30, bearish...
EUR/USD Signaling Bullish Continuation
Key Highlights The Euro started a fresh increase from the 1.1075 support against the US Dollar. EUR/USD surpassed a key bearish trend line at 1.1135 on the 4-hours chart. The US Nonfarm Payrolls increased 128K in Oct 2019, better than...
Is USD/CNH about to Reverse and Head towards New Highs?
According to Wikipedia, “The Elliott wave principle is a form of technical analysis that finance traders use to analyze financial market cycles and forecast market trends by identifying extremes in investor psychology, high and lows in prices, and other collective...
USD/JPY Outlook: Bears On Hold After Strong Acceleration On Thursday, Weak NFP Could Further Pressure The Greenback
The pair is consolidating within tight range above new three-week low on Friday, following Thursday’s 1.07% drop (the biggest one-day fall since August. The greenback was hit by dovish Fed and yen appreciated from unchanged BoJ but Japanese currency accelerated...
USD/CAD’s Rebound Looks Fragile Near Long-Term Trendline
USDCAD is pushing efforts to return above the long-term support trendline drawn from the trough of 2017 after rebounding on the three-month low of 1.3041. But the technical indicators have yet to send a clear bullish signal as the RSI...
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