EUR/USD And USD/CHF Eeing Upside Break
EUR/USD recovered recently above the 1.1025 resistance level and it might continue to rise. USD/CHF is currently consolidating and it seems like it is sighting an upside break above 0.9940. Important Takeaways for EUR/USD and USD/CHF The Euro is showing...
Crude Oil Outlook: Bulls Look for Extension of Monday’s Strong Rally and Eye Fibo Barrier at $63.69
WTI oil maintains bullish tone on Tuesday and consolidating under new four-month high, as sentiment remains positive after weekend’s attack at Saudi oil installations that sparked strong rally of oil price. Despite immediate reaction of the US government in releasing...
WTI Gaps Higher And Breaks Upper Boundary
WTI oil futures’ steam cooled after a fierce move led to a break above the upper boundary of the three-and-a-half-month sideways market, with the price of the commodity already starting to consolidate again. The price had gapped above the simple...
GBP/USD Turns Green, Can Bulls Remain In Action?
Key Highlights The British Pound climbed higher sharply above 1.2400 against the US Dollar. GBP/USD remains well supported near 1.2375 and a bullish trend line on the 4-hours chart. The NY Empire State Manufacturing Index declined from 4.8 to 2.0...
NZDUSD Risk Remains Lower On More Decline
NZDUSD with the pair closing lower the past week and extending that weakness during Monday trading today, further decline is envisaged. Resistance lies at the 0.6400 level where a break will turn attention to the 0.6450 level. A break of...
USDNOK Uptrend Is Under Pressure, Short-Term Bias Neutral-To-Bearish
USDNOK has created a lower low around 8.910 and a lower high at 9.010, putting its upward pattern that topped at a multi-year high of 9.162 into speculation. The 50-period simple moving average (SMA) in the four-hour chart is heading...
GOLD Remains Vulnerable With Further Decline Expected
GOLD eyes further weakness as it faces more bear pressure in the new week. On the downside, support sits at the 1,480.00 level where a break will turn focus to the 1,470.00 level. Further down, a cut through here will...
Silver Wins the Gold for Biggest Loser
Silver closed down almost 3.5% today near 17.50 as it continued its selloff from the blow off top at 19.62. The precious metal is down nearly 10% since September 4th. Source: Tradingview, FOREX.com – advertisement – Silver had been in...
AUD/NZD Breaks Out to New 2019 Highs
AUD/NZD has broken above 1.0729, it’s 2019 highs. Both the Australian Dollar and the New Zealand Dollar face many of the same risks from the trade war between China and the US. In a nutshell, a slowdown in China would...
AUDNZD Bulls Break above 5-Month High
AUDNZD breached the five-month high from April 17, after plotting gains in a rally that commenced on August 6. The indicators are reflecting an increase in positive directional momentum. The MACD has re-inclined above its red trigger line in the...
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