JP225 Index Slumps to Oversold Area; Key Support Ahead
Japan’s 225 stock index has been unable to clear the heavy resistance around the 50% Fibonacci extension of the long donwleg from 24,472 to 19,239, with the price falling forcefully below its simple moving averages (SMA) and the Ichimoku cloud...
EUR/AUD 4H Chart: Buy Signals
The common European currency versus the Australian reversed from the lower boundary of a dominant ascending channel pattern on July 23. The currency pair has appreciated about 3.15% in value during this time period. The exchange rate tested a resistance...
AUD/USD 0.6720 Expected
Pivot (invalidation): 0.6805 Our preference Short positions below 0.6805 with targets at 0.6750 & 0.6720 in extension. Alternative scenario Above 0.6805 look for further upside with 0.6820 & 0.6835 as targets. – advertisement – Comment A break below 0.6750 would...
BTCUSD Clears 100-EMA; Bias Cautiously Bullish
Bitcoin propelled out of the Ichimoku cloud and above the 100 exponential moving average (EMA) in the four-hour chart, which proved hard to breach early in July. According to the RSI, the market seems to have reached overbought conditions and...
GBP/USD Could Continue To Consolidate
During Thursday, the GBP/USD exchange rate traded sideways in the cluster formed by the 55-hour SMA and the 2018/2019 low, located at 1.2143 and 1.2093 respectively. If the given support and resistance levels hold, it is likely, that the currency...
USD/JPY Tests Weekly S3
During the previous trading session, the USD/JPY currency pair tumbled sharply to the weekly S2 located at 107.28. During today’s morning, the pair was testing the support level formed by the weekly S3 at 106.86. If the given support holds,...
XAU/USD Re-Tested Long-Term Trend
Yesterday, the XAU/USD exchange rate skyrocketed to the upper boundary of the long-term ascending channel at 1,449.56. During Friday’s morning, the rate reversed south. From a theoretical point of view, it is expected, that gold could depreciate against the US...
AUD/USD Outlook: Aussie Falls To Eight Month Low On China Tariffs, US NFP Data Next
The US dollar fell against safe-havens and rose against other currencies on news about new tariffs on goods from China, with Australian dollar being the top loser among major currencies. The pair hit new eight-month low in extension of steep...
USDJPY At A Turning Point
The US dollar remains at a critical juncture against the Japanese yen currency, with price trading dangerously close to the 106.82 support level. If bulls continue to defend the 106.82 level, the USDJPY pair could bounce back towards the 107.50...
EURUSD 1.1110 Major Resistance
The euro has staged a strong bound against the US dollar, following weak US economic data releases and the recent announcement of fresh trade tariffs. EURUSD bulls need to move price above the 1.1100 level to improve the daily sentiment...
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