GBPJPY Printed A 3 Black Crows’ Pattern And Broke Fiercely Through The 25-Month Low
GBPJPY had sellers take the reins, after indecisive candles from the previous week, forming a 3 black crows’ pattern and eating up the 133.85 swing low and the twenty-five-month low of 132.48. Buyers then came on board, but failed to...
Market Morning Briefing: Pound Continues To Trade Low
STOCKS Wild swings in the US markets overnight as Trump slashed fresh tariffs on China. The surprise move from Trump has caused jitters in the market increasing concerns over the progress of the US-China trade talk. Asians are also bleeding...
GER30 Index Needs a Break above 20-SMA
The GER30 index put breaks on Wednesday’s sell-off and geared up to move-off one-month lows but the 20-period simple moving average (SMA) in the four-hour chart did not let the recovery to continue. In the short-term the bulls could revisit...
USDJPY Breakout Underway
The US dollar has broken to the upside against the Japanese yen currency, following a strong bid in the greenback after the FOMC rate decision. The USDJPY pair is increasingly likely to target the 110.00 level now that the 109.00...
Market Morning Briefing: Pound Dipped To Test 1.21 And Has Bounced Slightly
STOCKS The US Federal Reserve stating that the a faster pace of rate cuts, as being expected by the market, is not on their radar has triggered a sharp sell-off in equities. The Dow has declined below 27000 and can...
WTI Oil Rises for the Fourth Straight Day, Boosted by Strong Draw in US Crude Stocks
WTI oil price rose above important technical barrier at $58.62 (Fibo 61.8% of $60.96/$54.84 / daily cloud top) on Wednesday, extending advance for the fourth straight day. Oil price accelerated higher in late Tuesday, boosted by API crude stocks report...
GBPUSD 1.2000 Still Possible
The British pound has failed to find traction above the 1.2180 level against the US dollar, placing the emphasis on further GBPUSD downside. If sellers can break the 1.2100 level, the GBPUSD pair offers only limited technical resistance until the...
NZDUSD Retains Short Term Weakness
NZDUSD retains short term weakness as it declined further during Tuesday trading session. Resistance comes in at the 0.6650 level where a break will turn attention to the 0.6700 level. A break of here will have to happen to create...
USDTRY Revisits the 200-day SMA after Three-Week Gradual Move Lower
The USDTRY recorded multiple red days after a move off the 5.7350 resistance, which was the 23.6% Fibonacci retracement of the down leg from a seven-and-a-half-month high of 6.2432 to a low of 5.5782. The selling interest brought the price...
USD/CAD Might Trade Sideways
The US Dollar traded with low volatility against the Canadian Dollar on Monday. The currency pair made about 31 base points movement during yesterday’s trading session. The exchange rate reversed from the bottom line of an ascending trendline during the...
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