EUR/JPY Breaches 50-Hour SMA
Bullish sentiment dominated the single European currency against the Japanese Yen on Thursday. The currency pair gained about 241 base points during yesterday’s trading session. The exchange rate tested the 50-hour simple moving average at 123.25 during the Asian session...
AUD/USD Bullish Sentiment Today
Upside risks dominated the Australian Dollar against the US Dollar on Thursday. The exchange rate breached the upper boundary of a descending channel pattern at 0.7017. The currency pair is currently pressured from both sides by SMA. The 50-hour simple...
USD/JPY Outloook: Huge Hammer May Signal Stronger Recovery, Today’s Key Events Eyed For Further Signals
The pair holds in green on Friday on optimistic signals about US/China talks which reduced safe-haven demand and put yen under pressure after five straight days of rallying. Very strong downside rejection on Thursday suggests that bears faced very strong...
USD/JPY Tumbles, Recovery Remains Limited
Key Highlights The US Dollar declined more than 500 pips from the 111.40 high against the Japanese Yen. There is a major bearish trend line formed with resistance at 109.60 on the 4-hours chart of USD/JPY. The US ADP Employment...
Crude Oil Looks To Recover Further Higher
CRUDE OIL looks to recover further higher on corrective upside pressure. Support lies at the 46.50 level where a break will expose the 46.00 level. A cut through here will set the stage for a run at the 45.50 level....
XAU/USD Outlook: Spot Gold Advances on Risk-off Mode and Cacks Key Fibo Barrier
Spot gold hit new 6 1/2 month high at $1288 on Wednesday, in extension of recovery phase which started from $1160 in mid-Aug 2018. The yellow metal remains well supported by renewed risk-ff mode as f=rising concerns about global growth...
AUD/CHF 4H Chart: Narrow Channel Likely To Prevail
The dominant pattern that has guided the AUD/CHF exchange rate for the last one year is a descending channel pattern. As apparent on the chart, the pair reversed from its upper boundary on December 3 and has since traded in...
Market Morning Briefing: Dollar Yen Has Broken Below 110
STOCKS Global indices are to be watched carefully, as the New Year could bring erratic moves. Nikkei and Shanghai are closed for today. Dow Jones (23327.46, +265.06) closed Monday with a rise. It would be crucial to watch the limit...
EURUSD Risk Remains Higher With Eyes On 1.1499 Zone
EURUSD risk remains higher with eyes on 1.1499 zone. Support comes in at the 1.1400 where a violation will aim at the 1.1350 level. A break below here will target the 1.1300 level. Further down, support lies at the 1.1250....
GBP/USD Could Break Above 1.28
Bulls are controlling the momentum The GBP/USD pair is trading in uptrend on a 4-hour time frame. The confirmation of the uptrend comes from the fact that the price has broken its 50-day moving average (show in orange) and the...
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