EURUSD Analysis: Trades Near Monthly S1
The European Single Currency appreciated 0.33% against the US Dollar since Thursday’s session. During Friday morning hours, the rate was located near the monthly S1 at the 1.1507 mark. On Friday, the European Single Currency will trade at the range...
GBPUSD Analysis: Is Supported By SMAs
The British pound appreciated 0.66 % against the US Dollar since Thursday’s session. On Friday morning, the rate was supported by the 100-hour SMA at the 1.3008 mark. During Friday’s session, most likely, the rate will surge upwards to the...
USDJPY Analysis: Trades At 113.90 Mark
The US Dollar depreciated 0.36% against the Japanese Yen since Thursday’s session. On Friday morning, the US Dollar was resisted by the 100-hour SMA at the 113.91 mark. In regards to the near future, the rate will trade sideways due...
XAUUSD Analysis: Will Stay At 1,198.00
The gold price depreciated 0.03 % since Thursday’s session. During Friday’s morning hours, the yellow metal was trading between the 55-hour and the 100-hour simple moving averages at the 1,198.04 mark. In regards to the near-term future, most likely, the...
AUDUSD Outlook: Steep Descend Extends And Focuses Psychological 0.70 Support
The Aussie dollar remains in steep descend for the fourth straight day and hit new low at 0.7054 (the lowest since Feb 2016. Thursday’s close below key support at 0.7085 (11 Sep low) was strong bearish signal for continuation of...
EURUSD Outlook: Weak Tone After Recovery Was Capped By Daily Cloud, NFP Data Eyed
The Euro stands at the back foot in early Friday’s trading, after Thursday’s recovery attempt was strongly rejected and capped by daily cloud base. Strong bearish stance which lasts for over one week, prevented the pair from stronger bounce, despite...
USD/SGD Testing Key Resistance Ahead of NFP
Experienced traders call the bond market the “smartest” of all the asset-level markets, and based on the moves we’re seeing in the US bond market, the smart traders have definitely picked up on something this week. Yesterday, Fed Chair Powell...
EURGBP Outlook: Cross Dips to Eleven-Week Low; 200SMA Contains for Now; Outlook Remains Bearish
The pair remains in red on Thursday and fell to the lowest since 16 July at 0.8840, where 200SMA contained two-day fall. The latest comments from Irish PM regarding Brexit offered fresh support to sterling. Bears look for fresh negative...
GBPUSD Outlook: Plethora Of Resistances Between 1.2985 And 1.3021 To Cap Corrective Upticks Before Bears Resume
Cable bounces on Thursday after two-day fall approached key supports at 1.2911/04 (daily cloud base/Fibo 61.8% of 1.2661/1.3297 rally). Oversold slow stochastic and strong headwinds from 1.29 support zone signal consolidation before bears resume. Strong dollar on upbeat US data...
EURUSD Outlook: Consolidation Above New Five-Week Low To Precede Fresh Weakness, Weekly Cloud Base To Cap Upticks
The Euro is consolidating above new five-week low at 1.1463 in early Thursday’s trading, following strong bearish acceleration on Wednesday, sparked by upbeat US private sector jobs data and Services sector showing the strongest activity since 1997. Strong data boosted...
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