BTCUSD $4,900 Critical Support
Bitcoin is attempting to correct higher in early week trade after the BTCUSD pair found strong support from the $4,930 level last week. Buyers need to move the BTCUSD pair above the $5,200 level in order to regain bullish short-term...
EUR/USD Rebound Could Be Capped, US GDP Impresses
Key Highlights The Euro declined to a new monthly low at 1.1110 and later recovered against the US Dollar. A crucial bearish trend line is in place with resistance at 1.1190 on the 4-hours chart of EUR/USD. The US GDP...
Euro Bears Frustrated by Mixed US Data but More Evidence Needed to Signal Reversal
The EURUSD stayed at familiar levels following choppy reaction on today’s key event, release of US Q1 GDP data. Surprise acceleration of US growth in the first three months in 2019 (3.2% vs 2.2 prev and 2.0% f/c) was positive...
WTI OIL Outlook: Extended Pullback Tests Important 20SMA Support
WTI oil price holds in red for the third straight day and extends pullback from new 2019 high into third straight day. Weekly chart initial signs of stall of larger uptrend, on bearish divergence on overbought weekly stochastic and Gravestone...
GBPUSD Attempting To Correct
The British pound is attempting to correct higher against the US dollar on Friday after finding strong technical support from the 1.2865 level. The GBPUSD pair could start to correct back towards the 1.2960 level if bulls can stabilize price...
USDJPY 111.80 Upcoming Resistance
The US dollar is attempting to correct higher against the Japanese yen currency after finding strong technical support from the 111.30 level. The USDJPY pair is attempting to correct higher, with the 111.80 level the strongest form of near-term resistance....
EUR/USD Could Trade Sideways
On Thursday, the EUR/USD exchange rate declined to the lower boundary of the medium-term descending channel at 1.1120. During Friday’s morning, the rate started trade up. It is expected, that some upside potential could prevail in the market. However, important...
GBP/USD Pressured By 55-Hour SMA
Yesterday, the GBP/USD currency pair reversed north from the lower boundary of the falling wedge pattern at 1.2880. During today’s morning, the pair tested the resistance of the 55-hour SMA at 1.2910. If the given simple average holds, it is...
USD/JPY Tested Weekly S3
During the previous trading session, the USD/JPY currency pair dropped to the weekly S3 at 111.38 and reversed north. On the one hand, the pair could trade sideways in the short term, as it is squeezed by the weekly S1...
XAU/USD Could Go Upwards
On Thursday, the XAU/USD exchange rate surpassed the 200-hour SMA and reached the psychological level at 1,282.00. From a theoretical point of view, it is likely, that the rate trades upwards, as it is supported by the ascending trend line...
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