EURAUD Hits Upper Boundary of Trading Range after Sharp Buying Rrally
EURAUD posted an aggressive bullish rally in the previous couple of weeks after the bounce off the 1.5580 level. However, the pair has been developing within a consolidation area since the end of January. The price trades within the upper...
USDJPY: Sets Up To Recover Further Higher On Correction
USDJPY: The pair still faces price recovery threats as it looks to build up on its Friday price correction. On the downside, support lies at the 111.00 level where a break if seen will aim at the 110.50 level. A...
GOLD – Remains Vulnerable On Further Bear Pressure
GOLD – The commodity looks to weaken further in the new week despite its price hesitation on Friday. On the downside, support comes in at the 1,190.00 level where a break will turn attention to the 1,180.00 level. Further down,...
EURUSD – Loses Upside Momentum, Faces Pullback Risk With Eyes On 1.1534 Zone
EURUSD – The pair looks to pullback in the new week after turning lower the past week. On the upside, resistance comes in at 1.1650 level with a break through there opening the door for more upside towards the 1.1700...
Silver Consolidates Near 1-Year Lows; Bearish in Long Term
Silver turned increasingly bearish after it dropped below the 16.00 key-level, the bottom of its range-bound trading recorded between early February and mid-June, printing lower lows and lower highs until it reached one-year lows at 14.31 on August 16. Since...
EURUSD Outlook: Break Below Daily Cloud Base Risks Deeper Pullback
The Euro stands in red during mid-European and early US trading and extends pullback through initial support at 1.1656 (base of thin daily cloud). Thursday’s close in red created bearish outside day pattern, generating initial negative signal which was confirmed...
EURJPY: Weakens, Threatens Move Towards The 128.79 Area
EURJPY: The pair looks to weaken further leaving risk of a move towards the 128.79 zone on the cards. Support comes in at the 128.50 level where a break if seen will aim at the 128.00 level. A cut through...
USDTRY Outlook: Lira’s Bears Take A Breather, Inflation Report In Focus For Fresh Signals
Turkish lira rose on Friday, taking a breather of four-day fall which hit the lowest since 13 Aug record low, on spike to 6.8379 on Thursday. Fresh support to lira came from decision to lower withhold taxes on lira’s deposits...
GBPUSD Watching Negative Price Divergence
The British pound continues to trade around the 1.3000 level against the US dollar on Friday, as optimism over Brexit negotiations continues to support sterling buying. The GBPUSD pair retains an intraday bullish while trading above the 1.2985 level. Caution...
USDJPY Trades Towards Key Support
The US dollar continues to tumble against the Japanese yen currency, as investors fears grow over President Trump’s latest trade tariff threats to China and the World Trade Organization. The USDJPY pair has fallen towards the 110.70 support level and...
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