EURGBP Stuck In A Range But Bullish Signals Seem To Strengthen
EURGBP jumped above the 50-day simple moving average (SMA) and into the Ichimoku cloud on Friday for the first time since the start of the year, raising hopes for further improvement. The momentum indicators comply with this view as long...
BTCUSD Dives Beneath SMAs, But Finds Support At 23.6% Fibonacci
BTCUSD returned near the 23.6% Fibonacci retracement level of the upleg from 3313 to 5440 around 4940 but failed to drop below it over the last few sessions. The price found strong resistance near the five-month high of 5440, slipping...
EUR/USD Reached Weekly R2
During Thursday’s trading session, the Euro declined to the support level formed by the weekly R1 at 1.1254. During today’s morning, the EUR/USD exchange rate reversed north towards the resistance level—the weekly R2 at 1.1290. If the given resistance does...
GBP/USD Pressured By 55-, 100– And 200-Hour SMAs
Yesterday, the GBP/USD currency pair stepped lower to the psychological level at the 1.3060 mark. From a technical perspective, it is unlikely, that the pair could resume rising due to the resistance cluster formed by a combination of the 55-,...
USD/JPY: Long-Term Channel In Sight
On Thursday, the Japanese Yen depreciated 0.71% against the Greenback, as the US economic data came better-than-expected. On Friday’s morning, the currency pair reached the upper boundary of the long-term descending channel at 111.80. From a theoretical point of view,...
XAU/USD Likely To Decline
During yesterday’s trading session, the price for gold dropped to the psychological level at 1,290. Given that the XAU/USD exchange rate is pressured by the 200-hour SMA at 1,295.67, it is likely, that some downside potential prevails in the market...
USD/TRY The Upside Prevails
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Comment The RSI advocates for...
Elliott Wave Analysis: Bulls Picking USDJPY Up
USDJPY is breaking higher according to the expectations of a strong USD. So, since we noticed a complex w-x-y corrective decline, USDJPY can be finally headed higher back to 112.15 highs, especially if pair starts breaking above 111.60 bullish confirmation...
Gold – Still Vulnerable after Decent Run
$1,280 vulnerable if gold fails to break March peak We’re seeing some profit taking in gold early in the day on Thursday, with the yellow metal coming on the back of four winning days in the last five. That’s an...
GBPCAD Could See Further Gains above Short-Term SMAs
GBPCAD is rising after it found strong support at the 38.2% Fibonacci retracement level of the upward movement from 1.6590 to 1.7795, around 1.7335. The technical indicators are trying to strengthen their momentum, mirroring the market’s behavior over the last...
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