USDCHF Stopped at Upper Bollinger Band; Unable to Break Above a 3-Week High
USDCHF dropped from a twenty-eight-month high of 1.0235 to a five-and-a-half-month low of 96.93 over a three-month period. Buyers failed to push above the previous swing peak of 0.9950, and the price is currently hovering near the upper Bollinger band....
WTI Oil Outlook: Range-Trading Extends Into Second Week In Absence Of Stronger Direction Signals
WTI oil price is trading within narrow range on Monday and extending directionless mode into second week. Talks between Iran and major powers over the weekend ended in overall positive tone that increased pressure on oil price, but negative impact...
GBPUSD 1.2350 Major Support
The British pound has opened the week on the back foot against the greenback after a heavily bearish price close below its former yearly trading low. The 1.2350 level offers the most significant technical support for the GBPUSD pair below...
AUD/USD Outlook: Aussie Breaks Below Thick Daily Cloud on Increased Pressure after Solid US Data
The AUDUSD pair extends steep fall into sixth straight day and accelerated to new over two-week low after better than expected US data. Bears broke below important Fibo support at 0.6927 (61.8% of 0.6831/0.7082 ascend) and probed below the base...
EUR/USD Might Go Downwards
During Thursday, the EUR/USD currency pair tried to surpass the resistance level formed by the weekly S1 at 1.1187. During today’s morning, the pair was testing the resistance level formed by the 55-hour SMA and the weekly S2 at 1.1152....
XAU/USD Pressured By Moving Averages
On Thursday, the price for gold fell to the psychological level at 1,415.00. During today’s morning, the XAU/USD exchange rate raised to the resistance level formed by the 55-, 100– and 200-hour SMAs at 1,422.00. If the given resistance holds,...
GBP/USD Outlook: Breach Of Triangle Support Shifts Focus Lower
Cable remains biased lower following double upside rejection under falling 20DMA (1.2508) and fresh probe below triangle support line (1.2448), with bearish daily studies supporting scenario. Initial enthusiasm after Boris Johnson became new Britain’s Prime Minister is fading and negative...
EURNZD Runs Towards 200-SMA At 1.6800
EURNZD is extending gains after the rebound on the 1.6525 support area, heading towards the 200-simple moving average (SMA), which overlaps with the 1.6800 psychological mark. The RSI is pointing marginally upwards, approaching the 50 level, while the stochastic is...
GBPJPY Bulls Test 20-Day SMA, Trend Reversal Still Likely
After three weeks of consecutive losses, GBPJPY is set to close in the green, though with minimal gains. The 20-day simple moving average (SMA) remained a key resistance area, while the RSI and the MACD continue to keep the odds...
EUR/JPY Could Still Edge Higher
The EUR/JPY currency pair appreciated about 1.08% in value during yesterday’s trading session. A breakout occurred through the upper boundary of a descending channel pattern. The exchange rate was trading above a support level formed by the 200-hour simple moving...
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