EURUSD – Bear Pressure Builds Up Towards 1.1215 Zone
EURUSD bear pressure builds up towards 1.1215 zone as it looks to extend its weakness. Support stands at the 1.1200 where a break will aim at the 1.1150 level. A break below here will target the 1.1100 level. Further down,...
EURJPY Posts Losses In Narrow Range In Short-Term
EURJPY has been trading within a consolidation area over the last couple of weeks, with upper boundary the 129.00 resistance barrier, and the 127.80 support level. Technically, in the 4-hour chart, the RSI indicator is moving slightly lower below the...
USDTRY Outlook: Bears Could Extend Towards Key Supports at 5.00/4.82; Turkey CPI Data Eyed for Fresh Signals
The USDTRY hit new nearly four-month low at 5.21 on Tuesday in extension of wave C (which commenced from 6.8379, 30 Aug lower top), of five-wave cycle from all-time high at 7.1074 (13 Aug). Extended third wave, eyes 200SMA (5.1174)...
GER 30 Index Moves above 2-Year Low But Medium-Term Outlook Remains Bearish
The Germany 30 index gained ground after touching a two-year nadir of 11,006.50 last week and is currently trading roughly 300 points above the aforementioned bottom. Despite the move up, the Tenkan- and Kijun-sen lines remain negatively aligned, which is...
WTI Crude Futures Hold Above 15-Month Low, Record Some Gains
West Texas Intermediate (WTI) crude oil futures are trying to pare some of the previous month’s heavy losses, however the momentum is still too weak. During Monday’s session, the price completed a fresh 15-month low around the 50.00 handle, recording...
EURUSD Outlook: Bears Probe Through Key 200WMA Support, Stronger Downside Expected On Clear Break
The Euro holds in red for the third straight day and accelerated lower at the beginning of European session on Tuesday, to crack key support at 1.1313 (Fibo 61.8% of 1.1215/1.1472 / 200WMA), which contained downside attempts in past five...
EURUSD Outlook: Risk of Renewed Attack at 200WMA Remains in Play While the Upside Stays Capped by Falling 30SMA
The Euro stands at the back foot in early hours of US session on Monday and slid to the session low at 1.1350 after speech of ECB President Mario Draghi, who pointed at gradual growth slowdown, but expressed the optimism...
XAUUSD Outlook: Consolidation to Likely Extend as Market Eyes Powell; Fed Minutes and US/China Talks for Stronger Direction Signals
Spot gold edged higher on Monday but remains within choppy range between $1220 and $1230, as bull-leg from $1196 lost traction on attempts above pivotal barriers at $1225 (Fibo 61.8% of $1243/$1196/bear-trendline off $1243 high). Bullishly aligned daily techs continue...
S&P 500 Caution
Pivot (invalidation): 2628.00 Our preference Long positions above 2628.00 with targets at 2650.00 & 2670.00 in extension. Alternative scenario Below 2628.00 look for further downside with 2600.00 & 2590.00 as targets. – advertisement –
Comment The RSI is mixed...
DAX The Downside Prevails
Pivot (invalidation): 11210.00 Our preference Short positions below 11210.00 with targets at 11070.00 & 11010.00 in extension. Alternative scenario Above 11210.00 look for further upside with 11270.00 & 11320.00 as targets. – advertisement –
Comment As Long as the...
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