GBPUSD Faces More Upside Pressure On Bullish Offensive
GBPUSD faces more upside pressure on bullish offensive. looks to recover further higher on bull pressure. Support stands at 1.3100 level. Further down, support comes in at the 1.3050 level where a break will turn focus to the 1.3000 level....
EURAUD Stays Neutral in Short- and Long-Term Timeframes
EURAUD has been moving sideways in the short-term and long-term timeframes. Over the last two-months, the price has been developing between the 1.6060 resistance level and the 1.5720 support barrier, trading near the 20- and 40-simple moving averages (SMAs) in...
GBP/CAD 4H Chart: Short-Term Surge Expected
The British Pound has appreciated about 1.58% in values against the Canadian Dollar since last week. The currency pair was supported by a cluster formed by the of the weekly and the monthly PPs and the combination of the 50-,100...
USD/JPY Outlook: Bulls Face Strong Headwinds From 200SMA And Keep Risk Of Stall Despite Improved Sentiment
The pair trades near 2019 high at 111.23 following Monday’s rally which generated bullish signal on close above triangle resistance (110.86) and fresh probes above 111 barrier. Fresh risk appetite on optimistic tones from US/China trade talks boosted the greenback,...
Market Morning Briefing: Dollar-Index While Above 96
STOCKS Equities continue to remain bullish. The global indices can move further higher in the next few days. However, key resistances are coming up which increases the possibility of a corrective fall in equities going forward. Dow Jones (26,091.95, +60.14,...
EURNZD Opens With Negative Gap; Remains in Downward Sloping Channel
EURNZD opened with a negative gap today continuing the negative movement that started yesterday, following the bounce off the 40-day simple moving average (SMA). Also, the price has been developing within a descending channel over the last couple of months,...
WTI OIL Outlook: US Oil Fell Nearly $2 after Trump Criticized OPEC for Too High Oil Prices
WTI oil price fell nearly $2 on Monday after US President Trump said that oil prices are too high and called OPEC to relax and keep prices steady. WTI contract dipped from $57.48 to the session low at $55.69 after...
US 30 Index Completes in New 3-Month High; Momentum Indicators Look Overbought
The US 30 index has been in a flying mode, recording a new three-month high of 26,179 after the rebound on the 16-month low of 21,596 on December 26, successfully surpassing the 50- and 200-simple moving averages (SMAs) in the...
USD/CAD Zig-Zag Rejection Confirms Bearish Trend
The USD/CAD has formed a bearish zi-zag with clear rejections as shown in the chart. If the price makes a pullback towards the POC zone, we might see another short selling pressure. The POC zone 1.3190-1.3200 should provide a rejection...
Market Morning Briefing: Big Movement In Dollar-Yuan
STOCKS A key development in the US-China trade talks over the weekend has given a boost to the Asian Indices to begin the week on a strong note. The US President’s tweet on Sunday for extending the March 1 deadline...
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