USD/CHF Nearing a Make-or-Break Test of Resistance
If you had checked USD/CHF’s exchange rate at Friday’s close and a mere 30 minutes after Monday’s open,...
GBPUSD – Risk of Fresh Weakness Rises after 100SMA Capped Recovery Attempts
Recovery rally from new three-week low at 1.2832 that commenced in early European trading on Tuesday, showed signs...
EURAUD on Slippery Slope; Bears Break 1.5900
EURAUD is retreating near 1.5900 below the 23.6% Fibonacci retracement level of the upleg from 1.3625 to 1.6558,...
GBPUSD Breakdown Continues
The British pound has continued to slip lower against the US dollar during the European trading session, with...
EURUSD Heavily Bearish Below 1.1300
The euro is trading at its weakest level against the US dollar since December last year after sellers...
Market Morning Briefing: Dollar Yen Could Continue To Rise While Dollar Index Rises Towards 98
STOCKS Most of the indices broadly remain bearish although there is room for an intermediate bounce in them....
GBP/USD Outlook: Cable Breaks Below 1.29 Pivots; Weak UK Data Added to Negative Sentiment
Cable remains at the back foot in early American trading on Monday and probes below pivotal 1.29 support...
USDJPY Rallies With Eyes On Key Resistance At 111.01 Level
USDJPY rallies with eyes on key resistance at 111.01 level. On the upside, resistance comes in at 111.50...
US 500 Stock Index Finds Resistance at 200-SMA, Hovers Around 61.8% Fibonacci
US 30 stock index found strong resistance obstacle at the 200-simple moving average (SMA) in the daily timeframe,...
Crude Oil Turning Down
Pivot (invalidation): 52.60 Our preference Short positions below 52.60 with targets at 51.70 & 51.30 in extension. Alternative...
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