BTCUSD Holds in Descending Triangle in Medium-Term
BTCUSD has been trading within a descending triangle pattern over the last seven months, with a strong support obstacle being the 5780 barrier. Moreover, the price started an aggressive bearish structure after the pullback from the all-time high of 19384...
USDCAD Outlook: Higher Base at 1.2980 Under Pressure as the Greenback Weakens on China’s Response
The pair entered US session fully in red as the greenback came under increased pressure after China announced new tariffs on US goods, in response to US tariff decision, announced earlier today. Fresh weakness has almost fully retraced gains of...
Market Morning Briefing: Euro Is Again Trading At Resistance Near 1.17
STOCKS Dow (26062.12, -0.35%) dipped yesterday. The index is likely to trade in the 26000-26500 region for the near term. O major movement is seen since the last few sessions and the index seems to have come to a halt....
GBP/USD Breaks Bearish Barrier On Bout Of Bullish Brexit Buzz
We’ve been tracking the regular drumbeat of Brexit headlines and as we noted last week (see “GBP/USD Back Above 1.30 as Barnier says Brexit Deal “Realistic” in 6-8 Weeks” for more), the tone of the public comments has suggested that...
Germany 30 Index Looking Bearish in the Short- and Medium-Term
The Germany 30 index lost considerable ground after touching 12,597.80 in late August, this being its highest since August 10. Specifically, it is currently trading roughly 500 points below that peak. The Tenkan- and Kijun-sen lines are negatively aligned, projecting...
GBPUSD: Bullish Signal on Break above Daily Cloud; Next Key Barriers at 1.3162/72 Come Under
Cable accelerated higher on Monday and eventually broke above top of thickening daily cloud, to hit new high at 1.3156 on Monday (the highest since 31 July). Weaker dollar and reports on progress in discussion over Irish border, one of...
Market Morning Briefing: Aussie Has Immediate Support On Daily Candles Near 0.714
STOCKS Dow (26154.67, +0.033%) is slowly inching up and could test 26500 on the upside. A break above 26500 thereafter would turn bullish on the medium term movement taking the index to higher levels of 27000. Dax (12124.33, +0.57%) is...
GOLD – Bear Pressure Sets To Target The 1,187.00 Level
GOLD – The commodity continues to target lower prices following its lower close the past week. This has opened the door for more weakness towards the 1,187.00 level. On the downside, support comes in at the 1,180.00 level where a...
Week Ahead: A Variety of Recent Events Have Influenced the Markets
Market Wrap The markets have seen a mixture of bearish and bullish sentiments. Moreover, the dollar has been unfortunate to taste weakness in recent sessions as commodities and neighboring currencies have taken advantage of this. Gold has seen good strength...
USDJPY Outlook: Bulls Look for Close above Broken 111.87 Fibo Barrier to Signal Continuation
The dollar remains steady despite weaker than expected US retail sales (Aug m/m 0.1% vs 0.4% f/c/core Aug m/m 0.3% vs 0.5% f/c), as upward-revised data from July signal solid growth in Q3. The USDJPY pair retested daily high at...
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