AUD/USD Outlook: Aussie Holds Near Key Barriers Ahead Of US Jobs Data
The Australian dollar stands at the back foot on Friday, following previous day’s strong upside rejection and repeated failure to close above cracked key barriers at 0.7030/35 (100DMA / daily cloud top). Strong bullish momentum keeps the pair afloat just...
USDZAR Reverses Lower as Bears Retake the Reins
USDZAR has recorded significant losses in recent weeks, moving back below its 50- and 200-day simple moving averages (SMAs) to record a lower low on the daily chart. The picture therefore seems to be shifting to negative, though a clear...
NZDUSD Trades Within Sideways Channel; SMAs Post Bearish Cross
NZDUSD has been consolidating since June 26 within a narrow range of 0.6655 – 0.6718 and is currently hovering beneath the bearish crossover within the 20- and 40-simple moving averages (SMAs) in the 4-hour chart. The near-term bias is looking...
Can AUD/USD Break Its Downward line?
The AUD/USD pair has been in a strong downtrend since March 2018 as per the daily chart. Fairly recently, the price had another attempt to break above the downward trend line, shown in blue. Having said this, the price has...
Elliott Wave Analysis: Bearish USD Index On Pause; Lower Prices in View!
USD index is recovering from the lows, however this recovery can only be temporary as we see it as part of a bigger setback of a bearish decline. We labelled a corrective wave ii in progress with sub-wave c) now...
EURUSD Bear Pressure Targets The 1.1225 Area
EURUSD bear pressure targets the 1.1225 area as it looks for price extension. Support comes in at the 1.1225 where a violation will turn risk to the 1.1200 level. A turn below here will target the 1.1150 level. Further down,...
BTCUSD $10,200 Key
Bitcoin it attempting to recover bullish momentum after coming under downside pressure earlier this week below the $10,000 level. The $10,200 support level is the neckline of a bearish head and shoulders pattern with a large four-digit downside projection. The...
EURJPY Declines With Eyes On 121.76 Support Zone
EURJPY declines with eyes on 121.76 support zone as it holds on its bear pressure. On the downside, support comes in at the 121.00 level where a break if seen will aim at the 120.50 level. A cut through here...
GBP/JPY: From Bad to Worse for the Pound
Things have gone from bad to worse for the pound. After being knocked by a poor construction PMI earlier in the day, sterling slumped to hit a new session low moments ago in reaction to a speech by Bank of...
Crude Oil Choppy
Pivot (invalidation): 59.30 Our preference Short positions below 59.30 with targets at 58.35 & 57.95 in extension. Alternative scenario Above 59.30 look for further upside with 59.75 & 60.25 as targets. – advertisement – Comment The RSI is mixed with...
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