BTCUSD $6,000 Key Resistance
Bitcoin is starting to receive a fresh round of buying demand in early Tuesday trade with the number one cryptocurrency breaking through the $5,800 resistance level. The $5,620 is now former key resistance turned key support if the BTCUSD pair...
GBP/USD Could Rebound Further Above 1.3200
Key Highlights The British Pound rebounded nicely and traded above 1.3150 against the US Dollar. A major bullish trend line is forming with support near 1.3035 on the 4-hours chart of GBP/USD. The Euro Area Retail Sales in March 2019...
GOLD Recovery Threats Remain Intact Despite Price Hesitation
GOLD recovery threats remain intact despite price hesitation during Monday trading session. On the downside, support comes in at the 1,270.00 level where a break will turn attention to the 1,260.00 level. Further down, a cut through here will open...
Bulls Can Take EUR/JPY Over At The 122.5/122.0 Area
EURJPY is trading in a bigger, three-wave reversal up from December of 2018 lows. We labelled a completed wave A/1, which can now be followed by a temporary three-wave a-b-c pullback labelled as wave B/2, with possible support zone here...
AUD/USD Outlook: Aussie Hit New Low As Sentiment Soured After Renewed US/China Trade Friction
The Aussie dollar holds within choppy range above new two-month low at 0.6962, after strong gap-lower opening today, as Aussie was hurt by souring sentiment in US/China trade talks. Fresh bears found footstep above key Fibo support at 0.6931 (61.8%...
GBP/USD Must Break 1..30 Or 1.32
The GBP/USD could still be in the wave 1-2 (blue) pattern but this outlook has become less probable after the large spike up. The alternative is a bullish wave 1-2 (red) pattern after price completed a bearish ABC (red) pattern....
EURUSD Turns Off Lower Prices With Eyes On Upside
EURUSD turns off lower prices with eyes on upside pressure. This has opened the door for more gain in the days ahead. Support comes in at the 1.1150 where a violation will turn risk to the 1.1100 level. A break...
US 30 Index Eases Below 6-Month High; Indicators Suggest Bearish Bias
The US 30 index is trading below the six-month high of 26,712, remaining well above the ‘golden cross’ between the 50- and 200-day simple moving averages (SMAs). The index is on the back foot and the technical indicators suggest that the...
GBP/JPY Needs A Reversal Pattern Confirmation To Bounce From The POC Zone
The GBP/JPY has reached the POC zone so we might see a bounce. Bounce is possible only if the pair makes a bullish reversal formation. 145.00-15 is the zone where the popular “Dragon” might bounce. We see a lot of...
EUR/USD Pressured By Moving Averages
Yesterday, the EUR/USD currency pair stepped lower to the weekly PP at the 1.1175 mark. During today’s morning, the pair declined to the lower boundary of the short-term ascending channel at 1.1160. From a theoretical point of view, it is...
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