USD/JPY: Short-Term Channel In Sight
Yesterday, the USD/JPY currency pair tried to surpass the resistance level formed by the 100-hour SMA and the monthly PP at 111.55. From a theoretical point of view, a reversal south should occur in the nearest future, as the pair...
XAU/USD Testing Falling Wedge Pattern
During the previous trading session, the price for gold traded sideways between the Fibonacci 38.20% retracement and the lower boundary of the falling wedge pattern, located at 1,273.68 and 1,269.55 respectively. Given that the XAU/USD exchange rate is pressured by...
USDJPY Still Under Pressure
The US dollar remains under downside pressure against the Japanese yen currency on Friday following a sharp decline in US equity markets. The USDJPY pair is currently struggling to move above the 111.60 resistance level as overall risk sentiment is...
GBPUSD 1.3000 Now Key Support
The British pound is back under downside pressure against the US dollar after the Bank of England revised its inflation expectations lower during yesterday’s rate meeting. The GBPUSD pair has a bearish intraday bias while trading below the 1.3050 level...
EURUSD Heavily Bearish Below 1.1164
The euro currency has eroded its strong weekly gains against the US dollar after buyers failed to gain traction above the 1.1216 resistance level. If sellers move price under the 1.1164 support level the EURUSD pair will come under heavy...
BTCUSD Increasingly Bullish
Bitcoin continues to build on its strong weekly trading gains, with the BTCUSD pair now targeting the $5,500 resistance level. The Ichimoku indicator on the daily time frame is highlighting that Bitcoin has now broken above key technical resistance, at...
GBPJPY Fails To Jump Above Descending Triangle Formation
GBPJPY had a strong pullback on the downtrend line of the descending triangle around 145.85, which has been holding since March 14, sending prices slightly below the 20- and 40-simple moving averages (SMAs) in the 4-hour chart. From the technical...
EW Update: 10 Year US Notes And USD/JPY
We see dollar strong ahead of US NFP report which is expected to come out at 181K, so we can expect strong dollar to resume to even higher prices if we get number above 200k. Below 170k, we will most...
EUR/USD Outlook: Stronger US Jobs Data Would Further Boost Euro Bears
The Euro holds in red for the third straight day and extends weakness through strong Fibo support at 1.1170 (Fibo 61.8% of 1.1111/1.1264 upleg) in early European trading on Friday. Wednesday’s bearish candle with long upper shadow that was left...
Gold Steadies Near The 200-Day Moving Average
The precious metal fell 0.56% on the day on Thursday. However, by the session’s close, gold prices pulled back, consolidating near the 200-day moving average. The rebound in gold prices comes amid reports that the US and China trade talks...
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