USD/JPY Continues To Hold Below Key Resistance At 109.99 Level
USDJPY continues to hold below key resistance at 109.99 level as it looks for more weakness in the days ahead. On the upside, resistance comes in at 110.00 level. Above here will turn attention to the 110.50 level. Further out,...
GBP/USD Breaks Previously Drawn Pattern
During the previous trading session, the currency exchange rate surged to the 50.00% Fibonacci retracement level at 1.3163, breaking the previously drawn pattern line at the 1.3100 mark. On Monday morning, the rate was located above the 50.00% Fibo at...
XAU/USD Outlook: Fresh Advance Turns Focus Towards Pivotal $1300 Resistance Zone
Spot gold surged to one week high at the beginning of American session on Friday as US stocks rose on upbeat earnings reports, sending the greenback lower across the board. The yellow metal accelerated higher and emerged from four-day $1286/76...
Gold Continues To Trade Below Key Resistance At 1,298.55
GOLD continues to trade below key resistance at 1,298.55 as it remains in consolidation mode. On the downside, support comes in at the 1,280.00 level where a break will turn attention to the 1,270.00 level. Further down, a cut through...
WTI Oil Outlook: Oil Edges Higher on Output Disruption Concerns but Key Barriers Still Intact
WTI oil ticked higher on Friday and eventually penetrated thick daily cloud after cloud base capped attempts in past few sessions. Fresh boost for oil price came from political turmoil in Venezuela that raises concerns about potential output disruption. Also,...
USD/JPY Outlook: Pivotal 110 Barrier Is Under Pressure But Resists For Now
The pair maintains positive near-term tone and ticked higher on Friday’s Asian / European trading, holding in the upper part of week-long 109.05/109.99 congestion and pressuring key barrier at 110.00 (psychological resistance reinforced by falling 30SMA. Lack of bullish momentum...
EUR/USD Aims To S2 At 1.1262
During Thursday’s Draghi’s speech, the European Single Currency depreciated against the US Dollar to pass through the support levels of the monthly S1 and the weekly S1 to end the trading session at the 1.3005 mark. Besides, the chart was...
GBP/USD Will Surge To 50.00% Fibo
During yesterday’s midnight hours, the currency exchange rate broke the pattern line at the 1.3100 mark. The breakout meant that the United Kingdom and Ireland would agree not to build an outpost in Northern Ireland. In regards to the near-term...
USD/JPY Surges To 110.00 Level
During Friday’s morning hours, the currency exchange rate was located at the 109.85 mark. In regards to the near-term future, most likely, the rate will keep surging upwards to the 110.00 level. Besides, the 55-hour simple moving average will support...
XAU/USD Is Retraced By 200-Hour SMA
On Friday morning, the yellow metal was trading between the 200-hour and the 55-hour simple moving averages at the 1,283.19 mark. In regards to the near-term future, most likely, the 200-hour simple moving average will retrace the gold to the...
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