WTI Oil Consolidates Under New 2019 High
WTI oil hit new 2019 high at $58.65 on Thursday (the highest since 13 Nov 2018), in extension of strong bullish acceleration on Wednesday that resulted in eventual break and close above previous highs at $57.79/85. Oil price was boosted...
USDJPY Bulls Targeting 112.00
The US dollar has continued to advance higher against the Japanese yen currency during the European trading, with the pair moving closer to key resistance. Traders should expect the USDJPY pair to target the 112.00 level while price holds above...
SPX Elliott Wave: Calling The Rally From Blue Box
SPX pulled back in 3 waves last week and put in a strong rally which has already resulted in new highs. In this blog, we are going to take a look at structure of this 3 wave pull back and...
Market Morning Briefing: Dollar-Index Has Immediate Support At 96.25
STOCKS Indian indices continue to trade strong and outperform the global equities. The Sensex and the Nifty 50 remains bullish and can move further higher. Dow is testing a key resistance and DAX can remain sideways with a bullish bias....
EURUSD Threatens Further Upside Pressure Towards 1.1340 Zone
EURUSD threatens further upside pressure towards 1.1340 zone. This is coming on the back of its Tuesday gain. Support comes in at the 1.1250 where a break will aim at the 1.1200 level. A break below here will target the...
Silver Extends Recovery
Earlier, we wrote that gold had resumed its recovery. The recovery has been due to a weaker US dollar and as the likes of the ECB and BOC joined some of the other major central banks in turning dovish again...
EUR/USD Could Be Supported By 200-Hour SMA
During Tuesday’s trading session, the European Single Currency surged to the 1.1300 level by the help of the weekly PP support level at 1.1265. On Wednesday morning, the rate was trading above the 200-hour simple moving average at the 1.1291...
USDJPY Trapped Inside Narrow Range
The US dollar is trapped inside a narrow price against the Japanese yen, with the risk-sensitive currency pair trading between the 111.10 to 111.45 levels. If USDJPY buyers can break above the range, the 111.60 level offers the strongest form...
EUR/USD And USD/JPY Facing Significant Resistances
EUR/USD recovered recently above 1.1200, but it is facing a crucial resistance near 1.1320. USD/JPY is also approaching a major barrier, which could produce a bearish reaction. Important Takeaways for EUR/USD and USD/JPY The Euro recovered nicely after trading towards...
Gold Rebounds on SMAs’ Bullish Cross and Holds in Ichimoku Cloud
Gold has been trading within the Ichimoku cloud after the rebound on the bullish crossover of the 20-and 40-simple moving averages (SMAs) around 1290.45 in the 4-hour chart. Looking at momentum indicators, the RSI is strengthening momentum above the 50...
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