Market Morning Briefing: Pound Seems To Be In A Range Of 1.3750-1.36
STOCKS Equities are trading higher with crucial resistances coming up. Dow looks strong to rise towards 35250 while Dax may face resistance near 15700/800 in the coming sessions. Nikkei and shanghai may rise too towards 30500/700 and 3600/3700 respectively. Nifty...
EUR/USD Remains Neutral
On Monday afternoon, the major currency pair is steadily trading at 1.1720 without any sharp fluctuations: the “greenback” remains strong, while the Euro can’t rise despite a huge risk appetite on the market. The latest data on the American real...
Gold Price Started An Upside Correction Below $1.737
Gold price formed a base above the $1,740 level after a major decline against the US Dollar. The price traded as low as $1,737 and recently started an upside correction. There was a break above the $1,750 level and the...
EUR/USD Could Struggle Near 1.1800, Dollar Consolidates
Key Highlights EUR/USD started an upside correction from the 1.1680 region. A major bearish trend line is forming with resistance near 1.1755 on the 4-hours chart. GBP/USD is facing an uphill task near 1.3750 and 1.3800. Gold price remains at...
NZDUSD Positive Impetus Fades as 100-MA Deters Gains
NZDUSD has dipped back down to the 200-period simple moving average (SMA) after the pair’s recent bounce around the 0.6986 level was capped by the 100-period SMA. The horizontal 100- and 200-period SMAs are promoting an overall trendless bias, while...
Oil Price Outlook: A Major Bullish Trend Line Forming with Support Mear $72.50
Crude oil price started a fresh increase above the $70.00 resistance against the US Dollar. The price remained well bid and it even surpassed the $71.50 level. There was a close above the $73.00 level and the 50 hourly simple...
Gold Bulls Need To Hold 1750
Gold bulls need to hold the 1750 level. If the price breaks higher, we should see a momentum up. It’s a very hard time for bulls. Gold went strongly down and the price is congesting around 1755. We should see a move...
NZD/JPY Bounces Off Support
The NZD/JPY currency pair bounced off the lower boundary of an ascending channel pattern at 76.35 on September 21. As a result, the New Zealand Dollar has surged by 173 pips or 2.26% against the Japanese Yen since this week’s...
CAD/CHF Bulls Could Prevail
The Canadian Dollar has surged by 115 pips or 1.60% against the Swiss Franc since this week’s trading sessions. The currency pair breached the 50– and 200– period SMAs on September 23. Technical indicators suggest selling signals on the 4H...
EUR/USD Analysis: Faces Resistance Zone
On Friday morning, the EUR/USD currency exchange declined, as it had bounced off the this week’s high zone that surrounds the 1.1750 level. In the case of the pair continuing to decline, it could find support in the 55 and...