GBPUSD Marginally Bullish in Very Short-Term; Remains Below Falling Trend Line
GBPUSD has rebounded somewhat after falling to a 20-month low of 1.2475 on December 12 and momentum indicators are endorsing that the market sentiment might get better and create some gains in the daily timeframe, despite the latest sideways movement;...
USDJPY 110.26 Level Back In Focus
The US dollar has continued to weaken against the Japanese yen during the European trading session, with price edging closer to the current weekly and monthly trading low. A break below the 110.26 support level is likely to prompt heavy...
GBPUSD Still Under Downward Pressure
The British pound remains confined to range-bound trading against the greenback on Friday, despite broad-based in the US dollar Index. Sellers failed to break below the 1.2600 support level on Thursday, further encouraging short-term technical buying in the pair. It...
AUDUSD Remains Bearish Near 35-Month Lows
AUDUSD is seeing some positive momentum today after touching an almost 35-month trough of 0.7016 on Thursday. However, the upside momentum is weak, with the %K and %D lines of the stochastic oscillator posting a so-far unconvincing bullish cross. Looking...
EUR/JPY Stranded Between SMAs
The single European currency has continued to appreciate in an ascending channel against the Japanese Yen. The currency pair tested the upper boundary of the channel pattern at the end of yesterday’s trading session. Currently, the exchange rate is stranded...
AUD/USD Moving Towards Weekly PP At 0.7090
The Australian Dollar depreciated about 58 base points against the US Dollar on Thursday. However, the situation changes during the end of Thursday’s trading session when the currency pair reversed from the 0.7020 level and started gaining strength. The exchange...
USD/CAD Remains Near 1.3608
The US Dollar appreciated about 92 base points against the Canadian Dollar on Thursday. The surge was stopped by a resistance level formed by the upper boundary of a medium-term ascending channel pattern at 1.3650 during yesterday’s trading session. However,...
GER 30 Stock Index Set for the Fifth Monthly Loss
The GER 30 stock index (DAX 30) is heading for its fifth monthly loss, dropping to a fresh 2-year low of 10,301 on Thursday. According to the RSI and the Stochastics which have entered oversold terittory, the market could see...
WTI Crude Oil Futures Bounce Off 1 ½-Year Lows But Still Bearish
WTI crude oil futures (for February delivery) jumped by 9% on Wednesday after extending the steep slippery slope to a 1 ½-year low of 42.53. On Thursday, though, the market resumed its bearish mode, with the technical indicators suggesting that...
EURUSD Looks To Weaken Further With Eyes On 1.1269 Level
EURUSD looks to weaken further with eyes on 1.1269 level. This is coming on the back of its weakness on Wednesday. Support lies at the 1.1300 level where a violation will aim at the 1.1250 level. A break below here...
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