AUDJPY Stabilizes Near 6-Month Low; Outlook Still Negative
AUDJPY touched a 6-month low of 73.90 last week, with price action taking place below both the 50- and 200-day simple moving averages (SMAs). Additionally, the price structure consists of lower highs and lower lows, confirming that the broader downtrend...
Dollar Index Futures Scope for Further Losses but Short-term Downside Softer
The position in the US dollar index futures is on the back foot for the fourth consecutive day and near a three-month low of 95.47 following the rejection from the 20- and the 50-day simple moving averages (SMA). The price...
Market Morning Briefing: Euro-Yen Has Bounced Well From 121
STOCKS Asians are trading lower on increasing concerns/uncertainty over the US-Iran conflict. On the one hand, the US has said that it is ready to negotiate and not looking for any war. On the other hand, the US is ready...
Silver Pulls Back from 3-Month High
Silver reversed to the downside early on Friday but the 20-period simple moving average (SMA) in the four-hour chart managed to halt the bearish correction as it did a few days ago. The RSI and the MACD lost momentum as...
EURUSD Still Bullish Above 1.1290
The euro continues to trade above the 1.1300 level against the US dollar, with the single currency receiving a slight boost from better than expected EU PMI data. The EURUSD pair has a intraday bullish while trading above the 1.1290...
USDJPY Now Oversold
The US dollar has found technical support from the 107.00 level against the Japanese yen, following a major technical breakout below the 107.70 level. The USDJPY pair is now extremely oversold and may correct back towards the former breakout area....
AUDUSD Capped Below 200-SMA
The 200-period simple moving average (SMA) in the four-hour chart seems to be a hurdle for the AUDUSD bulls over the past two days, and the falling RSI which heads towards its 50 neutral mark suggests that the market may...
EUR/USD Could Extend Gains
The EUR/USD currency pair has been trying to surpass the resistance level formed by the weekly R1 at 1.1303 since Thursday. If the given resistance holds, it is likely, that a reversal south could occur within the following trading hours....
GBP/USD Likely To Reverse South
During the previous trading session, the GBP/USD exchange rate tried to breach the medium-term descending channel north. From a theoretical point of view, it is expected, that the rate could reverse south and go downwards. However, note, that the currency...
XAU/USD Should Go Downside
During Thursday, the XAU/USD exchange rate reached the 1,390.00 level. During today’s morning, the rate reversed south from the upper boundary of the long-term ascending channel at 1,402.50. From a theoretical perspective, it is expected, that the price for gold...
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