USD/JPY Outlook: Final Break Above 200SMA Inflated Bulls For Test Of Next Key Barriers At 112.20/35
The pair maintains strong bullish tone and extends rally to psychological 112 barrier on Friday, after upbeat US GDP data on Thursday boosted the dollar. Eventual break and close above pivotal 200MA barrier (the pair last traded above it in...
NZD/USD Awaits US Fundamental Release
The New Zealand Dollar edged lower against the US Dollar on Thursday. The currency pair breached a support cluster formed by the combination of the monthly and weekly pivot points at 0.6834. Currently, the exchange rate is testing a resistance...
EUR/JPY Remains Near Monthly R3
Upside risks dominated the common European currency against the against the Japanese Yen on Thursday. The exchange rate rose by about 100 base points during Thursday’s trading session. The currency pair is currently trading near a resistance level formed by...
AUD/USD Breaches Medium Ascending Channel
Downside risks prevailed in the market on Thursday, thus sending the Australian Dollar to decline by 74 base points against the US Dollar. The currency pair breached the lower boundary of a medium-term ascending channel at 0.7098 during yesterday’s session....
USD/CAD Awaits NFP
During the last 24hrs, the US Dollar has depreciated about 72 base points against the Canadian Dollar. The currency pair breached both the 50– and 100-hour simple moving averages at the end of yesterday’s trading session. Everything being equal, it...
GBP/USD Outlook: Deeper Pullback Cannot Be Ruled Out On Bulls’ Stall / Profit-Taking
Cable holds in red for the second day and tested initial support at 1.3230 (rising 5SMA) on Friday. Profit-taking after strong rally this week could push sterling lower, as slow stochastic reverses from overbought territory and supports scenario. Pound was...
GBP/USD: Retracement In Bullish Trend
The GBP/USD is in a retracement mode after getting within the 1.3350 zone. We might see a bounce from the POC zone if the price makes a bullish reversal candle pattern formation. The POC zone 1.3225-1.3350 is a potential bounce...
GBPAUD Eyes Long-Term Bullish Outlook But Looks Overbought
GBPAUD recorded three strong bullish days this week to fully recover towards the 1.8724 top. A crucial battle is currently taking place around this area, as any decisive step higher would reactivate the 2 ½ -year old upward pattern, turning...
GBP/USD Bull Flag Pattern In Wave 4 Pullback
A GBP/USD bullish breakout and bounce at the 50% Fib could complete the wave C (blue) of wave Y (purple) of wave 4 (pink). A bullish break above the 61.8% Fib, however, could indicate a different wave pattern than the...
USD/JPY In Significant Uptrend Above 111.00
Key Highlights The US Dollar climbed higher and broke the 111.00 resistance against the Japanese Yen. There is a crucial bullish trend line in place with support at 110.60 on the 4-hours chart of USD/JPY. – advertisement –
The...
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