EUR/USD Recovers Itself To Trade At 1.1360
During Friday’s trading session, the currency exchange pair depreciated by 0.83% breaking most of the technical indicators to end the trading session at 1.1337. On Monday morning, the European Single Currency surged to the 1.1360 mark. In regards to the...
GBP/USD Will Trade Sideways
During Friday’s trading session, the currency exchange rate was resisted by the 100-hour SMA to end the trading session at the 1.2745 mark. On Monday morning, the British Pound was trading between the 200-hour and the 100-hour simple moving averages...
AUD/USD Presses 3-Month Highs on the Eve of Trump-Xi Meeting on Trade
Of all the major currencies, the Australian dollar is perhaps the most sensitive to trends in global trade. The country’s commodity-centric economy and close ties with China mean that any slowdown in international business may be seen Down Under first....
Elliott Wave Analysis: Correction on USDCHF Points Lower
USDCHF is trading in a corrective wave b, which is unfolding a three-wave a)-b)-c) move with wave c in play. Wave c is a motive wave, which means it must unfold five legs, before we may label it as completed....
WTI OIL Outlook: Extended Consolidation Awaits for a Catalyst to Establish in Fresh Direction
WTI oil stands at the back foot on Friday but holding above psychological $50 support, which was cracked on Thursday’s dip to $49.40. Failure to eventually close below $50 trigger, kept the price in extended consolidation during this week. Long-legged...
EURCAD Shows Strength But Outlook Still Negative
EURCAD is looking more positive over the last couple of days as prices have climbed back above the 20- and 40-simple moving averages (SMAs) in the daily timeframe. The rebound on the 38.2% Fibonacci retracement level of the upleg from...
EURGBP Remains On Offensive With Further Recovery Threats
EURGBP remains on offensive with further recovery threats. On the downside, support stands at the 0.8900 level where a violation will turn focus to the 0.8850 level. A break below here will aim at the 0.8800 level. On the upside,...
GBPUSD Struggling With 1.2800 Resistance Level
The British pound is trading back towards the 1.2800 resistance level against the US dollar after sellers failed to move price below key trendline support, at 1.2750 level. The next short-term directional move in the GBPUSD pair will likely come...
EURUSD Trading Under Trendline Support
The euro currency is trading lower against the US dollar, after breaching trendline support during the European trading session. Failure to once again break the 1.1400 resistance level prompted the move lower, with short-term sellers taking control. The EURUSD pair...
Facebook Stock Rebounds Off Two-Year Lows, But Still Negative
Facebook’s stock saw a dramatic collapse after touching an all-time high of 218.44 in late July, falling below its 50- and 200-day simple moving averages (SMAs) to find support near the two-year low of 128.00 on November 20, and subsequently...
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