USD/JPY Forms Key Top Ahead Of US NFP
Key Highlights The US Dollar failed to break the 110.00 resistance and declined against the Japanese Yen. There is a major bearish trend line formed with resistance near 109.40 on the daily chart of USD/JPY. The US Initial Jobless Claims...
BTCUSD Seems Neutral to Negative; Ichimoku Confirms Bearish View
BTCUSD holds slightly below the 20-and 40- simple moving averages (SMAs) in the 4-hour chart as well as below the Tenkan- and Kijun- sen lines, suggesting further negative pressures. The RSI indicator is flattening in the negative zone, while the...
EUR/JPY Breaches Channel Pattern
The Eurozone single currency appreciated against the Japanese Yen on Wednesday. The exchange rate breached January swing high of 125.31 at the end of yesterday’s trading session. However, today’s session began with bearish sentiment, and by the middle of the...
Elliott Wave Analysis: GOLD and Silver Intra-day Update
GOLD is currently dropping from the highs, which can be first evidences of a completed bigger impulse from January of 24. That said, a drop below the 1300/1302 level would mean a deeper pullback to be in play, while a...
UK 100 Index Creates Upside Rally in Short Term
UK 100 stock index (FTSE 100) is set to record another strong green day, surging above the 50-simple moving average (SMA) and the 23.6% Fibonacci retracement level of the downleg from 7900 to 6533 around 6858 in the daily chart....
XAU/USD Will End Session At 1,315.00
During Wednesday’s morning hours, the previously drawn pattern was broken. Due to the fact, the chart was fully reviewed! In regards to the near-term future, most likely, the gold will be trading sideways to stay at the 1,315.00 level during...
USD/TRY Outlook: Recovery from 200SMA Struggles to Extend and Keep Risk of Fresh Weakness in Play
Monday’s close above daily close base, following bounce after short-lived probes below 200SMA, was initial positive signal. Recovery extension cracked converged 55/30SMA’s (5.3358 / 5.3459) but without clear break for now. Fears that lira could extend weakness after recent rally...
DXY: Dollar Could Extend Losses
If it feels like it has been a quiet-ish start to the week for FX, it is because it has. But as my colleague Matt Weller pointed out yesterday, this could be the “calm before the storm.” Brexit-related headlines should...
EUR/USD Outlook: Bulls Struggle At 100SMA, No Clear Direction Signal As Techs Are Mixed
The Euro holds in green for the third straight day and extended advance to new two-week high at 1.1450. Bulls were capped by 100SMA so far and may struggle to break higher despite strong bullish signal generated on Monday’s close...
USD/JPY Consolidating in the Calm Before the US-China Talk and FOMC Storm
For once, the weekend brought little in the way market-moving economic developments, and with Australian traders out on holiday, the FX market has seen a quiet start to the week. However, this proverbial “calm before the storm” is unlikely to...
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