GBP/JPY 4H Chart: Breakout Occurs
Upside risks dominated the British Pound versus the Japanese Yen during the past week. The currency pair appreciated about 2.89% during last week’s trading session. A breakout occurred through the upper boundary of a dominant descending channel at 147.00 at...
AUD/JPY 4H Chart: Tests Weekly PP At 79.03
During the last week, the Australian Dollar appreciated about 1.82% against the Japanese Yen. This surge was stopped by a resistance level set by the weekly R1 at 79.72. The exchange rate tested the lower band of an ascending channel...
AUD/USD Likely To Trade Sideways
The Australian Dollar depreciated about 71 base points against the US Dollar on Wednesday. The decline was stopped by a support level formed by the weekly PP at 0.7135 during the previous trading session. The currency pair was stranded between...
GBP/USD Intraday Support Around 1.3285
Pivot (invalidation): 1.3285 Our preference Long positions above 1.3285 with targets at 1.3350 & 1.3375 in extension. Alternative scenario Below 1.3285 look for further downside with 1.3260 & 1.3230 as targets. – advertisement –
Comment A support base at...
Market Morning Briefing: USDCNY Fell Sharply From 6.69
STOCKS The rally in the global equities seems to have halted. A near-term correction is on the cards on the back of profit-booking. The increased geopolitical tensions between India and Pakistan keeps the Asian equities under pressure which are trading...
EUR/GBP: Break Below Multi-Month Range Could Signal Stronger Bearish Acceleration
The cross accelerated lower on Wednesday and broke below the floor of Oct 2017/Jan 2019 range, to hit the lowest levels since May 2017. Extension of larger downtrend from 0.9113 (range top) cracked support at 0.8547 (Fibo 76.4% of 0.8312/0.9306...
Soybeans Futures On Course for Possible Downward Movement
Soybeans futures pulled back on the medium-term ascending trend line and the 23.6% Fibonacci retracement level of the upleg from 8.1156 to 9.3045 near 9.0219, confirming the medium-term upside rally in the daily timeframe. Currently, the price is trading below...
USDCHF Risk Remains Lower Towards 0.9921 Support Zone
USDCHF risk remains lower towards 0.9921 support zone. Resistance comes in at the 1.0000 level. A break of here will clear the way for more gain towards the 1.0050 level. Above here, resistance lies at the 1.0100 level and then...
S&P 500 Turning Down
Pivot (invalidation): 2815.00 Our preference Short positions below 2815.00 with targets at 2781.00 & 2763.00 in extension. Alternative scenario Above 2815.00 look for further upside with 2831.00 & 2844.00 as targets. – advertisement –
Comment The RSI is bearish...
Market Morning Briefing: Aussie Is Trading Below Resistance Zone Of 0.72-0.7250
STOCKS Major global indices continues to remain bullish and has room for further rise in the short term. On the domestic front, though the Sensex and the Nifty 50 opened on a nervous note yesterday after the air-strike on terrorist...
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