GBPCHF Slips after a Losing Battle at 1.31; Bollinger Band Eyed
GBPCHF has been pushing hard to overcome the 1.31 resistance the past two days, but the bulls soon got exhausted, letting the bears to take control. The pair is currently trading below its 20-period moving average (MA) in the four-hour...
GBPAUD Eases above Short-Term Uptrend Line; Indicators Slope Down
GBPAUD is paring yesterday’s gains significantly above the 23.6% Fibonacci retracement level of the upleg from 1.6160 to the 28-month high of 1.8730. The technical indicators have a steeper negative slope now. The RSI is heading towards the neutral threshold...
USDTRY Continues to Consolidate in a Sideways Range
USDTRY remains neutral in the medium-term, staying trapped in a sideways range with an upper bound at 5.55 and a lower end at 5.15 since the beginning of November. Confirming the absence of a trend, the 50- and 200-day simple...
EURCHF Neutral In Both The Short- And Medium-Term
EURCHF has been trading in a sideways manner during the past few weeks, staying confined in a relatively narrow range between 1.1445 and 1.1305. Attesting to the neutral short-term bias, price action is also taking place between the 50- and...
USDJPY Turning Bullish Above 110.80
The US dollar is trading above the 110.80 level against the Japanese yen currency, after bullish reports from ongoing trade talks between US and Chinese government officials. Bulls have control of the USDJPY above the 110.80 level and may soon...
WTI Oil Outlook: Oil Consolidates Under New 2019 High, Bullish Bias Remains Intact Above 100SMA
WTI oil regained traction and probes back above $57 handle on Friday, following bearish close on Thursday (the first close in red after six straight bullish days), when the price came under pressure from stronger than expected build in crude...
USD/JPY Outlook: Bulls Struggle At 111 Zone But 200SMA Barrier Is Still In Focus
The pair holds within a narrow range on Friday, extending directionless mode into third straight day. Bulls struggle at 111 resistance zone, which guards more significant 200SMA (111.30), break of which would generate bullish signal for continuation of recovery leg...
AUD/USD Remains Near 200-Hour SMA
The 200-hour simple moving average, located at the 0.7120 regions restricted the Australian Dollar from regaining some of its lost positions against the US Dollar on Thursday. Currently, the exchange rate is trading near the resistance level formed by the...
USD/CAD Likely To Decline
The US Dollar appreciated about 78 base points against the Canadian Dollar on Thursday. The surged was stopped by a resistance level formed by the 200-hour simple moving average at 1.3238. As for the near future, it is likely that...
NZD/USD Bounces Off Support Level
The New Zealand Dollar depreciated about 118 base points against the US Dollar on Thursday. The currency pair revealed a new junior descending channel pattern during yesterday’s trading session. The exchange rate bounced off the bottom border of the channel...
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