EURAUD Stumbles, But Broader Uptrend Remains in Play
EURAUD posted substantial losses in recent days, after touching a 10-year high of 1.6790 last week. Despite this pullback though, the medium-term uptrend is still in play, with a clear break back below 1.6230 and the 50-day simple moving average...
XAU/USD Surpassed 1,520.00 Level
Yesterday, the price for gold skyrocketed to the 1,520.00 level. During Tuesday’s morning, the XAU/USD exchange rate surpassed the 1,525.00 mark. From the one hand, yellow metal could continue to appreciate against the US Dollar in the short term. A...
CRUDE OIL: Recovery Threat Eyes 56.01 Zone
CRUDE OIL recovery threats eyes 56.01 zone as the commodity looks to extend gain. Support lies at the 54.00 level where a break will expose the 53.50 level. A cut through here will set the stage for a run at...
EURCHF’s Steady Decline Seems to Have One Thing in Focus: The Gap of April 2017
EURCHF bears continued registering lower lows over the last three-months, through levels not seen for around two-years. The move down fell 31 pips shy of the June 2017 low of 1.0831. The pair corrected slightly, and the bears are now...
Gold Bulls Locked Below 1,500, Could Lose Momentum In Short-Term
Gold bulls got trapped around the 6-year high of 1,500 and the 61.8% Fibonacci of the long downleg from 1,796 to 1,046 after gaining more than 3.5% last week. Technically, the market could soften in the short-term as the RSI...
AUDUSD Risk Remains Higher On More Correction
AUDUSD risk remains higher on more correction following a hold on to its recent gain. On the upside, resistance lies at the 1.6850 level. A cut through here will turn attention to the 0.6900 level and then the 0.6950 level...
CADCHF Corrects Upwards as Engulfing Candle Stops Losses
CADCHF buyers halted the pair’s move down just before 0.7250, which is the 138.2% Fibo extension of the up leg from 0.7350 to 0.7610. The subsequent recovery moved the price above the 0.7350 resistance, where the market has now adopted...
US500 Index Slips To Retest 50-SMA But Bullish Bias Not Faded Yet
The US500 stock index managed to restore more than half of the losses it recorded after reaching a new record high last week, and even though it failed to hold above the 50-period simple moving average (SMA), the bullish forces...
EUR/USD Trades At 1.1200
During Thursday, the EUR/USD currency pair traded sideways at 1.1200 level. During today’s morning, the pair continued to consolidate at the given level. Note, that the exchange rate is pressured by the 55– and 100-hour SMAs, as well the Fibonacci...
GBP/USD Likely To Decline
Yesterday, the GBP/USD exchange rate breached the short-term ascending channel south. During today’s morning, the rate tested the 2018/2019 low at 1.2092. Given that the currency pair is pressured by the 55-, 100– and 200-hour moving averages, currently located circa...
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