USD/JPY Analysis: Could Depreciate To 110.00
During Thursday’s trading session, the currency exchange rate traded sideways to end the trading day at 110.60. On Friday morning, the rate was located at the monthly pivot point at the 110.53 mark. In regards to the near-term future, most...
XAU/USD Analysis: Surges To Medium Pattern Lne
During Thursday’s trading session, the rate was supported by the 200-hour simple moving average to end the trading day at 1,305.00. On Friday morning, the yellow metal was located at the 1,311.76 mark. It is expected that gold might appreciate...
Elliott Wave View: S&P 500 (SPX) Testing 2018 High
The rally from December 26, 2018 low in S&P 500 (SPX) remains in progress. We are labeling this rally as an impulse Elliott Wave structure, which is 5 waves structure. In the chart below, we can see wave (3) ended...
Market Morning Briefing: Aussie Is Headed Towards Resistance At 0.72
STOCKS Global indices looks mixed in the near term. The bias remains bullish. But a sideways consolidation is possible in the near term before we see fresh rallies in them. The Indian indices, Sensex and the Nifty 50 continues to...
EUR/USD Drops to Key Support
The US dollar pared losses following yesterday’s dovish FOMC meeting, with the EUR/USD easing back below 1.14 handle after almost reaching 1.1450 the day before. This popular currency pair has now reached the point of origin of yesterday’s breakout at...
EURCHF Finds Support Near 23.6% Fibonacci Again; Consolidates in Short and Medium Term
EURCHF has been trading in a relatively narrow range between 1.1385 and 1.1305 from late January onwards, while the past few days the market action has stretched further below the 20- and 40-day simple moving averages (SMAs). Momentum oscillators are...
USD/JPY Outlook: Extends Weakness Sparked By Dovish Fed
The pair extended weakness to new five-week low at 110.29 on Thursday following strong fall previous day, sparked by Fed surprise on more dovish than expected stance which signaled no rate hikes in 2019 and lowered GDP forecast. The greenback...
Silver Spot 15.7500 Expected
Pivot (invalidation): 15.4200 Our preference Long positions above 15.4200 with targets at 15.6700 & 15.7500 in extension. Alternative scenario Below 15.4200 look for further downside with 15.3500 & 15.2400 as targets. – advertisement –
Comment The RSI is bullish...
USD/CHF Tumbles Below Key Supports
Key Highlights The US Dollar topped at 1.0124 and declined below 1.0000 against the Swiss Franc. USD/CHF traded below a key bullish trend line with support at 1.0045 on the 4-hours chart. The Federal Reserve made no change in interest...
Sterling Falls to One-Week Low, But May’s Request for Delay Could Slow Bears
Cable fell to one-week low at 1.3146 on Wednesday, as renewed risk of no-deal Brexit keeps the currency under pressure. Several scenarios remain on the table and keep high uncertainty in Brexit drama, as PM May asked the EU for...
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