EURCAD Rockets to Descending 200-day SMA
EURCAD bullish demeanour has strengthened significantly as the pair recently surged from the more than 5-year low of 1.4100 and is now tackling the 200-day simple moving average (SMA) at 1.4600. The longer-term 100- and 200-day SMAs endorse the broader...
EURAUD Unlocks 4-Month High Above Symmetrical Triangle
EURAUD is surging to a fresh four-month highs around 1.6175, jumping above the symmetrical triangle with strong momentum. The technical indicators are feeding prospects for a possible positive trade; the RSI is holding well above 50, while the MACD continues to strengthen in bullish territory and...
USD/JPY Aims Fresh Increase, NFP Report Next
Key Highlights USD/JPY started a decent increase from the 113.50 zone. It broke a crucial bearish trend line with resistance near 114.20 on the 4-hours chart. EUR/USD surged above 1.1350, and GBP/USD spiked above 1.3600. The US nonfarm payrolls could...
Dollar Falls Further on BoE and ECB’s Hawkish Steer
The dollar index accelerated lower and hit the lowest in over two weeks on Thursday, following BoE and ECB’s policy meetings. Near-term bears extend into fourth straight day, boosted by BoE’s hawkish hike and changed ECB’s narrative in central bank’s...
Crude Oil Price Touches $90, Indicators Suggest Loss In Momentum
Key Highlights Crude oil price gained pace and tested the $90.00 level. A key bullish trend line is forming with support near $88.20 on the 4-hours chart of XTI/USD. EUR/USD extended recovery above 1.1300, and GBP/USD spiked above 1.3550. The...
EURCHF Struggles to Strengthen Positive Move
EURCHF is looking neutral in the short-term, hovering within the short-term simple moving averages (SMAs) and the 1.0360 support level. The bullish doji candle that was posted in the previous sessions, is suggesting an upside reversal move that will be completed if the pair...
EURGBP Consolidates But Reserves Bearish Tilt
EURGBP has returned below its horizontally entwined 50- and 100-period simple moving averages (SMAs) following its fresh bounce at two-year low levels, which was curbed by the upper Bollinger band around 0.8359. The descending 200-period SMA is defending the bearish...
Gold Price Moved into a Short-Term Negative Zone Below $1,825
Gold price failed to clear the $1,850 resistance and corrected lower against the US Dollar. The price broke the $1,825 support level to move into a short-term negative zone. Besides, there was a break below the $1,800 level and the...
USDCAD Rockets Off 200-MA, Fuelling Upward Trajectory
USDCAD remains positively energized aiming for the Ichimoku cloud’s upper band around the 1.2813 high, after taking flight from the 200-day simple moving average (SMA) around the 1.2500 mark. The longer-term SMAs are suggesting an overall neutral trend in the...
EUR/USD and NZD/USD Elliott Wave Analysis: Be Aware of More Weakness
While USD is extending its rally, we can see EURUSD even lower, but still trading in the middle of wave 3, so be aware of more downside pressure in upcoming days, just watch out for a intraday pullback. EUR/USD 4h...