EUR/JPY Decline Continues
The common European currency has continued its decline against the Japanese Yen. The currency pair depreciated about 79 base points during Wednesday’s trading session. Given that the 50-, 100– and 200-hour SMAs are above the price level, most likely, the...
Market Morning Briefing: The Euro-Yen Has Fallen To 125
STOCKS Equities broadly remain bullish. Asians are in a consolidation phase within their overall uptrend. DAX looks stronger than others as it has broken above a crucial resistance. Dow (26597.05, -59.34, -0.22%) has come-off slightly yesterday. But the outlook remains...
Loonie Falls Further after BoC Lowered Tone/Forecasts
The pair surged above 1.35 barrier, hitting levels last traded in early January, after Bank of Canada kept interest rates unchanged at 1.75% but changed rhetoric about need for future rate hikes and lowered its growth forecast for 2019. Fresh...
Elliott Wave Update: EURAUD Aiming Towards 1.61 – 1.62
AUD may stay weak, if we consider a bullish continuation on EURAUD for wave C within a big expanded flat correction. That said, seems like EURAUD is trading in an impulsive five-wave rise back to a previous wave A swing...
USDTRY Challenges 6-Month High, Trades Well Above SMAs
USDTRY has advanced above the 20- and 40-day simple moving averages (SMAs) and the 23.6% Fibonacci retracement level of the sell-off from 7.1135 to 5.1330, hitting a new six-month high of 5.8753. Looking at the technical indicators, the stochastic is...
GBP/USD Outlook: Bears Consolidate Above New 2-Mth Low After Eventual Break Below Key 200SMA Support
Cable hit new two-month low at 1.2914 on Wednesday, in extension of previous day’s strong fall, mainly driven by rallying dollar and soured sentiment on no substantial changes in stalled Brexit talks. Tuesday’s break and close below key supports provided...
EUR/USD And USD/JPY Facing Uphill Task
EUR/USD declined recently after it failed to break the 1.1260 resistance area. USD/JPY is currently trading in a broad range, with a strong resistance near the 112.00 zone. Important Takeaways for EUR/USD and USD/JPY The Euro started a major decline...
Brent Crude – Rallies on Iranian Waiver Expiry
Oil continues higher as sanctions waiver expiry nears Oil prices are creeping higher again on Tuesday, although they have lost a little of the spark that saw them steamroll through yet another key resistance area at the start of the...
Elliott Wave Analysis: USD/CHF and USD/CAD Intra-day Moves
Hello traders, USDCHF is trading in an impulsive rise within wave 3, but we see some important Fibo. cluster around 1.0220 area, so watch out for a potential drop and slow down into a wave 4 correction soon. – advertisement...
WTI OIL Outlook: Oil Price Eases from New 2019 High but Bulls Look for Further
WTI oil eases from new 2019 high at $66.17, as dollar rallies at the beginning of US session on Tuesday. Oil prices received strong boost from decision of the US administration to end temporary exemptions on buying Iranian oil. Signal...
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