USDJPY Extends Gain With Eyes On The 108.47 Zone
USDJPY looks to strengthen further as more gain is expected towards its key resistance at 108.47. On the upside, resistance comes in at 108.40 level. Above this level will turn attention to the 109.00 level. Further out, we expect a...
GBPUSD 1.2250 Possible
The British pound has moved below the 1.2300 level against the US dollar, following dovish comments from Bank of England member Michael Saunders. It is possible that the GBPUSD pair could target the 1.2250 support level if sellers break through...
USDJPY 108.10 Possible
The US dollar is moving higher against the Japanese yen currency, as the U.S dollar index surges to a fresh monthly trading high. The USDJPY pair may test towards the 108.00 resistance level if bulls continue to gain strength above...
USD/CNH 1H Chart: Bulls Could Prevail
The US Dollar has been depreciating against the Chinese Offshore Renminbi since the beginning of September when the USD/CNH currency pair reversed south from the upper boundary of the rising wedge pattern. Note that the exchange rate is supported by...
Bitcoin Suffers Biggest Weekly Loss
Bitcoin price has dropped over 20% this week, a substantial drop. We have not seen this sort of weakness since November 2018. This particular move was long coming because the price failed to cross above the 50-day moving average during...
XAU/USD Outlook: Gold recovers after Strong Fall But Pivotal Barriers Stay Intact for Now
Spot gold bounces from $1500 level which contained Wednesday’s 1.9% fall. The yellow metal fell sharply on renewed risk appetite that prompted traders to collect profits from four-day $1483/$1535 rally. Wednesday’s fall (the second biggest one-day loss in Sep) found...
EUR/USD: How Low Can EUR Go?
The US dollar has extended its gains against European currencies today, causing the Dollar Index to break to a new weekly high above 99.10. The pound had been hammered again as political uncertainty in the UK continue to weigh on...
USD/JPY Capped By A Negative Trend Line
Pivot (invalidation): 107.85 Our preference Short positions below 107.85 with targets at 107.45 & 107.25 in extension. Alternative scenario Above 107.85 look for further upside with 108.05 & 108.25 as targets. – advertisement – Comment The RSI calls for a...
AUD and NZD Not Happy about Impeachment Inquiry
Its official: The transcripts of President Trump’s call with the President of Ukraine have been released! However, it may take some time for the various decision makers to comb through them and determine what exactly this means. In the meantime,...
GBP/USD Outlook: Penetration of Daily Cloud Brings Bears in Play
Cable fell to new two-week low at 1.2372 in early US trading on Wednesday, after repeated rejection at pivotal Fibo barrier at 1.2501 further soured sentiment and dollar regained traction after being hit by fresh political crisis in the US...
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