USD/JPY Tests Falling Wedge Pattern
Yesterday, the USD/JPY currency pair consolidated at the 108.65 level. During Friday morning, the pair continued to trade at the given level. Note that the exchange rate is supported by the 55-, 100– and 200-hour moving averages, currently located circa...
XAU/USD Skyrocketed To 1,505.00
On Thursday, the XAU/USD exchange rate skyrocketed to the psychological level at 1,500.00. During today’s morning, the rate reached the 1,505.00 mark. On the one hand, yellow metal could continue to extend gains against the US Dollar within the following...
Can Google/Alphabet Break New High On The Third Attempt?
Alphabet Inc, the holding company of Google will report its Q3 2019 earnings on Mon, 28 Oct after the close of the U.S. session. Consensus adjusted EPS and revenue forecasts are pegged at $14.59 and $23.72bn respectively. My colleague, Ken...
WTI OIL Outlook: Oil Price On Track For Strong Bullish Weekly Close Following Rally On Unexpected Fall In US Crude Stocks
WTI oil maintains firm tone and consolidating under new one-month high at $56.49, posted on Thursday after three-day rally, which resulted in 4.7% rise. Oil prices were boosted by surprise decline in US oil inventories, as well as optimism about...
USD/JPY The Bias Remains Bullish
Pivot (invalidation): 108.50 Our preference Long positions above 108.50 with targets at 108.75 & 108.85 in extension. Alternative scenario Below 108.50 look for further downside with 108.40 & 108.30 as targets. – advertisement – Comment Technically the RSI is above...
Metals Galore: Gold, Silver, Copper, Platinum and Palladium All Breaking Higher
I will let the charts do the talking, but metal prices have been pushing higher in recent days and today gold finally joined the fun as it broke key resistance in the $1495 area. It needs to hold above here...
USD/JPY Tests 108.70 Level
Yesterday, the USD/JPY currency pair reached the psychological level at 108.70. During Thursday morning, the pair was testing the given level. Note that the exchange rate is supported by the 55-, 100– and 200-hour moving averages, it is likely that...
AUD/USD Correcting Gains But Remains Supported
Key Highlights The Aussie Dollar surged recently towards 0.6900 against the US Dollar. AUD/USD is correcting gains, but it is likely to find a strong support near 0.6800. Australia’s monthly trade balance was a deficit of $1,242M, down from $-1,628M....
USD/CHF Tests Potential Rresistance as Dollar Squeezes Higher
Short covering has helped the US dollar regain its poise in this first half of the week, underpinning the likes of the USD/CHF and undermining the likes of the EUR/USD. But fundamentally not a lot has changed to support the...
EUR/USD Tests Weekly PP
On Tuesday, the Euro depreciated slightly against the US Dollar. During today’s morning, the EUR/USD was testing the support level formed by the weekly PP at 1.1112. Note that the exchange rate is pressured by the 55– and 100-hour moving...
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