Silver Spot Further Advance
Pivot (invalidation): 15.2700 Our preference Long positions above 15.2700 with targets at 15.4300 & 15.4800 in extension. Alternative scenario Below 15.2700 look for further downside with 15.2200 & 15.1600 as targets. – advertisement –
Comment The RSI advocates for...
Elliott Wave Analysis: GBPUSD In a Five-wave Recovery
Cable is trading bullish in an impulsive manner and even more may come, if we consider the weak USD in the next couple of days/weeks. Currently, we are tracking wave »iv« correction, where ideal support would be at 1.3000 psychological...
AUD/USD Outlook: Fresh Bears Eye 0.7033 Fibo Support
The Aussie fell sharply in Asia on Thursday following short-lived advance to 0.7166 on better than expected Australian jobs data, coming under increased pressure after NAB raised domestic mortgage rates. Fresh bearish acceleration broke below 20SMA (0.7125) that contained the...
GBPUSD: Extension above 1.30 Barrier Pressures 200SMA Pivot
Cable is comfortable above 1.30 barrier that was eventually taken out today after last week’s double rejection and subsequent corrective dip. Improved sentiment on announced Brexit amendments (which still need to be passed) inflated pound today for advance through psychological...
AUDUSD Intraday Analysis
AUDUSD (0.7137): The Australian dollar continues to post a modest decline to the downside although the pace of declines is not constant. Due to the failure to break out above 0.7191 resistance, the AUDUSD should push lower targeting 0.7022 where...
WTI Oil Outlook: Deeper Pullback Not Ruled Out after Repeated Rejection at Daily Cloud Base
WTI oil holds in red on Tuesday and was down 2.4% since Asian opening, pressured by renewed pessimism over China’s economic growth slowdown and consequent lower fuel demand. The oil price moved lower after strong technical resistance (base of thick...
EUR/USD Slumps To 1.1340
During the previous trading session, the European Single Currency trade at the 1.1360 level as it was predicted. On Monday morning, the rate was located at 1.1352. In regards to the near-term future, most likely, the currency exchange rate will...
Elliott Wave Analysis: USD/CAD Intra-day Rally
USDCAD is recovering in a wave C as part of a bigger, bullish recovery. We know that wave C is a motive waves, so five legs are expected, before a top can be seen and a reversal may follow. Ideally...
USD/CAD Bullish Bias Above 1.3250
Pivot (invalidation): 1.3250 Our preference Long positions above 1.3250 with targets at 1.3300 & 1.3320 in extension. Alternative scenario Below 1.3250 look for further downside with 1.3235 & 1.3220 as targets. Comment The RSI is above its neutrality area at...
EURJPY Looks To Recover Further Higher Towards 125.08 Zone
EURJPY looks to recover further higher towards 125.08 zone as it eyes price extension. Support comes in at the 124.50 level where a break if seen will aim at the 124.00 level. A cut through here will turn focus to...
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