GBP/USD Outlook: Brexit Optimism Keeps Bulls Fully In Play Ahead Of Key Data
Cable maintains positive tone and extends advance in early European session trading on Wednesday, following Tuesday’s 0.76% rally which penetrated and closed within thick daily cloud (cloud base lays at 1.3024). Fresh bulls, boosted by renewed Brexit optimism on media...
Gold Price Approaching Resistance, Fed Decision Next
Key Highlights Gold price started an upside correction from $1,266 against the US Dollar. There is a major bearish trend line forming with resistance near $1,292 on the 4-hours chart of XAU/USD. The US Pending Home Sales increased 3.8% in...
WTI: Crude Oil Set to Resume Slide?
After the sharp mid-week reversal, crude oil prices started this week on the front foot. Investors were making a more sober assessment of what Donald Trump said and how the OPEC could possibly accept bringing oil prices lower given that...
EURUSD Remains On Third Consecutive Day Of Gain
EURUSD remains on third consecutive day of bullish offensive as the pair eyes more strength. Support comes in at the 1.1200 where a violation will turn risk to the 1.1150 level. A break below here will target the 1.1100 level....
NZD/USD Huge Inverted SHS Pattern Suggests Bullish Reversal
The NZD/USD has formed a bullish SHS pattern so we might see another bullish reaction from the POC zone . The NZD is gaining momentum vs USD just a day prior to FOMC statement and FED cash rate decision. Equities...
EURUSD Lacks Strong Bullish Signals Below 1.12
EURUSD tumbled into the 1.11 region on Friday for the first time after almost two years, stretching further its long-term downward pattern. While Monday’s bounce justified oversold signals by the Stochastic indicator, the weakness in the RSI, which continues to...
AUDUSD Faces Recovery Threats Though Vulnerable
AUDUSD faces recovery threats though vulnerable medium term. On the upside, resistance lies at the 1.7100 level. A cut through here will turn attention to the 0.7150 level and then the 0.7200 level where a violation will set the stage...
Gold – Pivotal Week as Bulls Fight On
A big week for uncertain gold market Gold is trading a little lower at the start of the week, perhaps a sign of early profit taking after the yellow metal popped higher on the back of the US first quarter...
USDJPY Testing Higher
The US dollar is attempting to move higher against the Japanese yen on Monday, with the pair holding a slight bullish bias above the 111.60 level. The one-hour time frame is showing a small bearish pattern, with the 110.90 level...
EURUSD Testing Neckline Resistance
The euro currency is testing back towards key intraday resistance against the US dollar as short-term bulls attempt to take back control of price action. If bulls can rally price above neckline resistance, the 1.1200 level may start to come...
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