USD/CAD Reaches Resistance Zone
The recovery of the US Dollar against the Canadian Dollar has reached a resistance zone. Namely, the previous low level zone at 1.2713/1.2730 kept the pair down from Thursday evening up to the middle of Friday. A move above the...
GBP/JPY Reveals Triangle Pattern
On Friday morning, the GBP/JPY pair passed the resistance of the 50-hour SMA and the weekly simple pivot point near 150.00. However, the surge stopped. After a review, it was discovered that the this week’s high and low levels can...
EURUSD Survives Above 1.1300, Neutral Phase
EURUSD is retreating from the 23.6% Fibonacci retracement level of the downward wave from 1.1908 to 1.1185 at 1.1355. The price is currently testing the Ichimoku cloud and is moving towards the flat 40- and 20-period simple moving averages (SMAs)....
GBP/USD – Divergences Remain
Time for a correction? The pound has continued to push lower in recent days but continues to lack momentum, which could point to further weakness in the sell-off. The most recent low came on reduced momentum again which suggests a...
AUD/USD Outlook: Bulls Are Taking A Breather After Strong Three-Day Advance
The Australian dollar is consolidating under new two-week high, hit after nearly 2.5% advance in past three days, sparked by decision of China’s central bank to cut the amount of cash that banks must hold in reserve, as the Aussie...
GBPJPY’s Guiding Forces Fade but Bearish Bias Lingers
GBPJPY is trading around the mid-Bollinger band at 150.23, curbed by the 50-period simple moving average (SMA), which continues to hamper advances even after the bounce around the 149.00 mark. The falling SMAs continue to endorse the pair’s negative trajectory...
S&P 500 Price Is At The Crossroads: Daily Candlestick Close Is Important
S&P 500 technical analysis S&P500 is bullish. The price might reject off 88.6. The market is at important level. It will bounce or reject. Daily chart S&P 500 Pinbar high. Swing low. The entry zone. Target High. Target Low. The...
USD/CAD Pair Is Currently Consolidating Losses From The 1.2632 Low
The US Dollar started a major decline from well above the 1.2800 level against the Canadian Dollar. The USD/CAD pair traded below the 1.2720 support zone to move into a bearish zone. There was a close below the 1.2700 level...
WTI Oil Outlook: Oil Prices Extend Recovery on Fading Omicron Fears, Iran
WTI oil rallies for the second straight day and accelerates well above the psychological $70 level, in extension of Monday’s 4% advance. Receding fears about the Omicron variant on rising hopes that virus will not set the global economy back...
US Dollar Drifting
Currency markets content to range trade Currency markets showed little reaction to the Fauci omicron comments overnight, having already put the new variant behind it to focus on the upcoming FOMC meeting next week. That sentiment saw the US Dollar...