CADJPY Struggles Inside Bollinger Band Levels; Positive View in Long-Term
CADJPY is back in bullish mode in the daily timeframe over the last eight months that helped the market to head higher and peak at 89.25 on October 3. While the MACD suggests that the market could maintain the neutral...
GBPJPY Retains Bearish Pressure Towards 144.25 Support
GBPJPY retains bearish pressure towards 144.25 support following its Thursday sell off. On the downside, support comes in at the 144.50 level where a violation will aim at the 144.00 level. A break below here will target the 143.50 level...
WTI Oil Outlook: Recovery Extends as Strong Downside Pressure Eases on Output Cut Hopes
WTI oil price holds in green for a third straight day and extends recovery after 12-day uninterrupted fall. Hopes that OPEC may cut production and stabilize oil price which held in steep descend for six consecutive weeks, marking over 20%...
USDJPY Intraday Bearish Below 113.37 Level
The US dollar continues to drift lower against the Japanese yen currency following negative reports surrounding Sino-US trade talks. Indicators are still turning lower, with the intraday sentiment surrounding the USDJPY pair bearish while price trades below the 113.37 level....
GBPUSD Back Under Pressure Below 1.2800
The British pound has started to once again move lower against the US dollar, following a strong technical rejection from the 1.2831 level during the European trading session. News that British Prime Minister Theresa May will likely face an upcoming...
Platinum Futures Stand In Bullish Correction Within Long-Term’s Negative Structure
Platinum futures delivered on January 2019 are moving higher over the last three months, following the bounce off the 753 support level. The price seems to be in a bullish correction mode as it surpassed the first significant level of...
GBPNZD Breaks Below Trendline, Turns Negative In Medium-Term
GBPNZD crossed below a medium-term uptrend line taken from the lows of June in recent sessions, and also below its 200-day simple moving average (SMA), recording a ten-month low yesterday. These suggest the medium-term outlook has turned firmly negative. Short-term...
GBPJPY Holds Above 2-Week Trough, Neutral In Medium-Term
GBPJPY has declined considerably over yesterday’s trading session, diving to a two-week low near the 144.20 level. In the very short-term the price seems to be strongly negative, while in the daily chart the pair remains in a consolidation area...
USDCAD Loses Some Ground In Very Short-Term, Upside Structure Holds In Long-Term
USDCAD has been underperforming since yesterday, remaining below the four-month high of 1.3265. Currently, the price holds above the very short-term rising trend line, but in case of a penetration it would move even lower in the near term. Also,...
GBPUSD 1.2835 Level Now Key Resistance
The British pound is testing towards the 1.2800 resistance level against the US dollar after finding strong technical support from the 1.2722 level. The intraday sentiment surrounding the GBPUSD pair remains strongly bearish while price trades below the former weekly...
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