GBP/USD Outlook: Bears Pressure Key Fibo Support At 1.2773
Cable holds firmly in red and extends weakness close to key support at 1.2773 (Fibo 61.8% of 1.2397/1.3381) on Friday. The pair is on track for the second consecutive weekly close in red and the biggest one-week fall in two...
Bitcoin Rally Over?
The price of Bitcoin has skyrocketed about 50% so far this month to a high of $8390, following a 28% rally the month before. The crypto currency has surged past its 200-day moving average, all the way down at around...
EURJPY Gains Expected to Reach Downtrend Line
EURJPY reversed higher after it tumbled towards a fresh four-month low of 122.07 this week. The technical picture supports that the slightly bullish correction is likely to continue in the short-term. The MACD is stretching to the upside above its...
USD/CAD Look For 1.3400
Pivot (invalidation): 1.3455 Our preference Short positions below 1.3455 with targets at 1.3420 & 1.3400 in extension. Alternative scenario Above 1.3455 look for further upside with 1.3485 & 1.3505 as targets. – advertisement – Comment The RSI lacks upward momentum....
EUR/USD Outlook: Euro Remains in Red Despite Solid EU/German Data and US Retail Sales Miss
The Euro stands at the back foot at the beginning of the US session on Wednesday, despite solid EU/German GDP data and disappointing US retail sales. German GDP rose 0.4% in Apr while EU figures came in line with expectations,...
GBP/JPY Outlook: Brexit Concerns And Safe-Haven Buying Push The Cross Further Down
The cross extends weakness to new over three-month low on Wednesday, driven by fresh safe-haven buying and UK government’s announcement that it would hold another Parliament vote on Brexit deal, which has been already voted down three times. Rising Brexit...
EUR/USD And USD/CHF Remains At Risk Of More Losses
EUR/USD failed to stay above the 1.1260 level and recently declined below 1.1220. USD/CHF declined heavily towards 1.0050 and it is currently correcting towards key resistances. Important Takeaways for EUR/USD and USD/CHF The Euro topped near the 1.1263 level and...
EUR/USD Coiled for a Breakout, Near-Term Bias Bearish Below 1.1260
Risk appetite is stabilizing today, with most major currencies consolidating in tight ranges against one another (though the pound is showing a touch of relative weakness as my colleague Fawad Razaqzada noted earlier). Today’s relative calm gives us chance to...
GBPJPY Looks Oversold Near 3-Month Lows
GBPJPY came under strong pressure after closing below the 143.75 key support level last week, with the price falling towards a three-month low of 141.19 on Monday. The sell-off however could be overstretched as both the RSI and the Stochastics...
Market Morning Briefing: Euro-Yen Has Bounced Back From 122.5
STOCKS The US-China trade war has been heated up further after China announced to impose tariffs on US good which will come into effect from June 1. This has triggered further sell-off in the equity segment and continues to keep...
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