Market Morning Briefing: Euro Has Immediate Support Near 1.1255
STOCKS Most indices have fallen globally and need to bounce back from respective supports to keep the near term ranges intact. Dow and Dax have fallen and need to hold above 35000 and 15500 to move up again in the...
EUR/USD Doesn’t Care About Statistics
On Monday, 13 December, the major currency pair is trading at 1.1300. Last Friday’s statistics on the US Consumer Price Index were not surprising, although a bit unusual. The indicator skyrocketed to 6.8% y/y in November. On MoM, inflation was...
EURUSD Fragile but Bullish Hopes Still Exist
EURUSD could not sustain last week’s bullish breakout above the restrictive 20-day simple moving average (SMA), pulling back into the 1.1200 area on Monday. Downside risks are now on the table again as the RSI is drifting lower in the...
Market Morning Briefing: Pound Has Bounced From Support Near 1.3150
STOCKS Dow, Nikkei, Shanghai and Indian indices are looking strong for the near term while the movement is indecisive in Dax which can move either ways towards 15400 or 15900 from current levels. We may look for an overall upward...
GOLD Continues To Decline
In general, since mid-Thursday, the price for gold has been fluctuating between round price levels. Namely, the 1,780.00 mark acted as resistance and the 1,775.00 and 1,770.00 are acting as support. It can be expected that the bullion continues to...
USD/JPY Surges On Friday
The 200-hour simple moving average has provided enough support for a surge to start. Namely, the rate is once again approaching the resistance zone at 113.88/113.97. A passing of the high level zone at 113.88/113.97 might result in a surge...
GBP/USD Situation Is Unchanged
The situation on the GBP/USD chart has remained unchanged. The pair remains between the resistance of the 50 and 100-hour simple moving averages near 1.3210 and 1.3230 and the weekly S1 simple pivot point at 1.3167. The GBP/USD rate would...
EUR/USD Continues To Decline
The EUR/USD passed the support of the 50, 100 and 200-hour simple moving averages on Thursday. By the middle of Friday’s trading, the pair had reached below 1.1270. A continuation of the decline might find support in the weekly S1...
NZD/USD: Bears Are Moving The Price Towards The First Target
NZD/USD technical analysis Bearish configuration. Downtrend continues. M L3 is the first target. NZD is weak. Swing low. Higher low. Swing high. Entry zone. Final target. The NZD/USD is bearish. We can see a strong downtrend in progress. This is...
GBPJPY Broader Uptrend Defended By Support Base
GBPJPY has once again found its feet around the critical 148.51-149.41 support base after a six-week decline from the more than 5-year high of 158.20. The steadier simple moving averages (SMAs) are endorsing a more sideways market in the near-term....