EUR/JPY Trading Within Range
The common European currency traded sideways against the Japanese Yen on Thursday. The currency pair was trading below the 50-, 100– and 200– hour SMAs during yesterday’s trading session. The exchange rate has been trading within the range of 118.31/117.62...
AUD/USD Targets At 0.6741
The Australian Dollar has depreciated about 0.44% in value against the US Dollar since yesterday’s trading session. The currency pair breached the monthly S1 at 0.6759 on Thursday. As for the near future, most likely, the AUD/USD exchange rate might...
USD/CAD Breaches SMAs
Since August 21, the US Dollar has appreciated about 0.48% in value against the Canadian Dollar. The currency pair has breached both the 50-, 100– and 200– hour simple moving averages. The USD/CAD pair will most likely aim at a...
AUD/USD And NZD/USD At Risk Of More Downsides
AUD/USD failed to climb above the key 0.6800 resistance and declined recently. Similarly, NZD/USD is struggling to recover and facing a strong resistance near the 0.6400 area. Important Takeaways for AUD/USD and NZD/USD The Aussie Dollar is trading well below...
EUR/USD Outlook: Directionless Mode Extends into Fifth Day as Market Await Fresh Signals from Powell
The Euro tested both boundaries of five-day range (1.1066/1.1113) on Thursday, but failed to break on either side, as price action in Asia/Europe/early US session is presented in long-legged Doji daily candle that signal strong indecision. Conflicting daily indicators (momentum...
EURUSD Declines With Eyes On 1.1026/00 Support Zone
EURUSD declines with eyes on 1.1026/10 support zone as looks to resume its broader downside pressure. Support comes in at the 1.1000 where a violation will turn risk to the 1.0950 level. A break below here will target the 1.0900...
Market Morning Briefing: Pound Has Come-Off Failing To Breach 1.22 Again
STOCKS The “Wait and watch” drill continues in global Equity markets with everyone looking at the status of the US-China talks/ spat. The expected range trade continued in most Equity markets yesterday, apart from the DAX which was more bullish...
EURUSD and SOYBEANS Connection! Both Looking Higher (Elliott Wave)
Do you remember positive correlation between EURUSD and Soybeans? While EURUSD is looking higher, even Soybeans might be turning bullish after that completed weekly ending diagonal + a five-wave bullish reversal on a daily, and 1h chart. That said, watch...
EUR/USD Pressured By 100-Hour SMA
During Tuesday, the EUR/USD currency pair tried to surpass the resistance formed by the 100-hour SMA at 1.1098. During today’s morning, the pair was testing the given support. If the given moving average holds, it is likely, that a reversal...
USDCAD Rejects Lower Prices With Eyes On 1.3400 Level
USDCAD rejects lower prices with eyes on 1.3400 level as it retains its medium term uptrend. Support comes in at the 1.3300 level where a break will aim at the 1.3250 level. Further down, support comes in at the 1.3200...
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