EURUSD Awaiting Technical Confirmation
The euro continues to consolidate in the middle of its recent trading range against the US dollar, as traders await the outcome of the US monthly jobs report later today. A clear break below the 1.1300 support level may prompt...
GBPUSD Weakening Ahead Of US Job Report
The British pound is back under pressure against the greenback, with price-action turning bearish ahead of the US Nonfarm payrolls job report. A better than expected jobs figure from the US economy may provoke GBPUSD selling towards the 1.2657 level,...
NZD/USD Close Above 0.6900 Is Needed For Stronger Impulse
0.6860-70 is the POC zone. A rejection from the POC zone is possible due to strong Weekly trend and H4 alignment. Two trendlines also mark the uptrend and smaller pinbars cue for now moment buyers. Targets are 0.6900, 0.6958 and...
GBPJPY Tumbles Below Falling Trend Line, Neutral In Medium Term
GBPJPY has declined considerably after touching a two-month high of 149.50 at the beginning of November. In the short-term the price seems to be negative, while in the daily chart the pair remains in a sideways channel over the last...
Gold Analysis: Breaks Resistance Of 1,240.00
The yellow metal managed to pass in the resistance levels just above the 1,240.00 level and score a new high level during the second half of Thursday’s trading session. However, after the surge it retreated back down to look for...
USD/JPY Analysis: Pierces Dominant Pattern
The USD/JPY has pierced the lower trend line of the dominant ascending channel pattern. It is signalling that a head and shoulders pattern exists on the charts. In general, the breaking of the support level indicates that the decline of...
Elliott Wave Analysis: USDCAD Slowing for A Correction; More Gains in View
USDCAD unfolded a five-wave rally within wave three as part of an unfolding bullish impulse. This five-wave rally in three can be an indication of where the trend is likely going, and we expect it to slow down, and make...
AUDJPY Declines Sharply, Short-Term Bias Back to Negative
AUDJPY posted hefty losses after rising to a five-month peak of 83.90 in early December, falling back below its 200-day simple moving average (SMA) to find support near its 50-day SMA. The pair is now trading at a one-month low,...
Microsoft Posts Steeper Declines, Neutral In Short Term
Microsoft stock price moved lower on Tuesday, hitting the 50-day simple moving average, after finding resistance on the 112.90 hurdle. Looking at the momentum indicators, the RSI is edging lower, slightly above its neutral threshold of 50, while the stochastic...
AUD/NZD 4H Chart: Pressure By 50– And 100-Hour SMAs
The AUD/NZD currency pair has been tended south since the middle of August when it made a U-turn from the upper boundary a dominant descending channel pattern at 1.1150. The general direction is expected to remain south within the scope...
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