EUR/USD At Clear Risk Of Further Declines
Key Highlights The Euro formed a significant top at 1.1514 and declined heavily against the US Dollar. EUR/USD broke a few important supports such as 1.1440 and 1.1400. – advertisement –
The German Trade Balance in Dec 2018 posted...
Elliott Wave Analysis: GBP/USD Unfolding A Minimum, Three-Wave Bullish Reversal
GBPUSD made a nice break higher, through the upper Elliott wave channel line, which is the first evidence of a completed decline and that a minimum three-wave recovery in is progress. We labelled wave A)/1) as completed, that is now...
XAU/USD Outlook: Gold Recovers as Dollar Bulls Take Breather; 10SMA Would Be a Trigger
Spot gold holds positive tone for the second day as week-long dollar’s rally is losing traction and may take a breather on overbought conditions. Recovery extension hit high at $1315, retracing 50% of $1326/$1302 pullback and signaling formation of higher...
USD/CAD Outlook: Upbeat Canada Jobs Data Accelerate Pullback after Thick Cloud Base Capped Strong Advance
The pair accelerated lower on Friday following double upside rejection at strong barriers provided by the base of thick daily cloud and 55SMA (1.3317/32). Better than expected Canada’s Jan housing/labor data added to loonie’s fresh strength. Canada’s housing starts beat...
GBPJPY Faces Recovery Risk On Price Rejection
GBPJPY faces recovery risk on price rejection following its Thursday price rejection. On the downside, support comes in at the 142.00 level where a violation will aim at the 141.50 level. A break below here will target the 141.00 level...
EUR/USD Depreciates To S1 At 1.1301
During Thursday’s trading session, the currency exchange rate was retraced by the 55-hour simple moving average to trade sideways at 1.1320. On Friday morning, the rate was located at the 1.1330 mark. In regards to the near-term future, most likely,...
GBP/USD Will Stay At 1.2900
During Thursday’s trading session, the currency exchange rate jumped by 142 pips or 1.11% to the 1.3000 mark. On Friday morning, the rate was located between the 55-hour and the 100-hour simple moving averages at the 1.2949 mark. In regards...
USD/JPY Will Surge To 110.00
During Thursday’s trading session, the currency exchange rate was resisted by the 55-hour simple moving average to trade sideways at 109.60. On Friday morning, the rate was supported by the 55-hour SMA at the 109.81 mark. In regards to the...
XAU/USD Is Resisted By 100-Hour SMA
During Thursday’s trading session, the yellow metal broke the resistance of the monthly pivot point at 1,308.46 to end the trading session at 1,309.46. On Friday morning, the gold was resisted by the 100-hour simple moving average at the 1,309.83...
BTC/USD 4H Chart: Trading Sideways
The Bitcoin cryptocurrency has been moving sideways against the US Dollar since January 29. The pair was trading between the upper and lower boundaries of a horizontal channel. As for the near future, it is likely that the BTC/USD currency...
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