Technical analysis of Forex market

Market Morning Briefing: Aussie Has Bounced Too From 0.71 In Line With Other Currencies

STOCKS Equities have recovered a bit after seeing a sharp fall last week. We may expect the bounce to hold for now and take the indices to higher levels in the near term. Dow (35120.08, +225.96, +0.65%) has bounced back...

AdminAug 23, 2021

Technical analysis of Forex market

US Dollar Index Outlook: Dollar Hits New Multi-Month High

US Dollar Index The dollar index extends gains into fifth straight day and hits new highest levels since early June on Friday. Global risk aversion on growing fears over consequences of fresh spread of Delta variant which already caused new...

AdminAug 20, 2021

Technical analysis of Forex market

EUR/USD Outlook: The Pair Broke the Key 1.1750 Support Zone to Move into a Bearish Zone

The Euro failed to clear the 1.1800 resistance and started a fresh decline against the US Dollar. The EUR/USD pair broke the key 1.1750 support zone to move into a bearish zone. It even broke the 1.1700 support level and...

AdminAug 20, 2021

Technical analysis of Forex market

EUR/JPY Daily Chart Might Turn Bullish

The EUR/JPY might make a possible bounce in the zone as the price is supported by historical buying. We might see a nice move in EUR/JPY as the price is in the POC zone. If 127.00 stays strong we could...

AdminAug 20, 2021

Technical analysis of Forex market

Two Trades To Watch: GBP/USD, Dax

GBP/USD trades at monthly low as retail sales unexpectedly slump GBP/USD licking its wounds after the biggest daily fall since June as COVID cases rise and AstraZeneca & Pfizer vaccines are found to be less effective versus delta strain. UK...

AdminAug 20, 2021

Technical analysis of Forex market

USDCAD Prints Positive Move To New 8-Month High

USDCAD posted an aggressive rally on Thursday, jumping above the 1.2810 barrier and printing a new eight-month high of 1.2920. The MACD oscillator is going up above its trigger line, while the RSI is moving into overbought territory. The Ichimoku...

AdminAug 20, 2021

Technical analysis of Forex market

WTI Oil Outlook: WTI Oil On Track For A Weekly Drop Of Over 5%

Bears are taking a breather and consolidating above three-month low ($62.39) in early Friday trading, following a steep fall in past six days. The contract is on track for a weekly loss of over 5% as surging cases of Delta...

AdminAug 20, 2021

Technical analysis of Forex market

USOIL Drops To Daily Support

Oil prices plunge amid concerns over weaker demand and higher US inventories. The downtrend picked up steam after WTI fell below the double bottom at 65.20. Last May’s low at 61.70 is major support from the daily time frame. As...

AdminAug 20, 2021

Technical analysis of Forex market

AUD/JPY Sees Limited Bounce

The Australian dollar struggles as jobs data suggest fewer people looking for work amid lockdowns. The pair is heading towards 77.50 as momentum traders took over control of price action. The divergence between the 20 and 30-hour moving averages suggests...

AdminAug 20, 2021

Technical analysis of Forex market

AUD/USD: Aussie Extends Steep Fall to the Lowest in Nine Months

The Australian dollar extends weakness into fourth straight day and fell to the lowest levels since early November 2020 on Thursday. Weaker equities on risk aversion and steep fall in iron ore prices weighed on risk-sensitive Aussie dollar, along with...

AdminAug 19, 2021

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Category: Technical analysis of Forex market

Market Morning Briefing: Aussie Has Bounced Too From 0.71 In Line With Other Currencies

US Dollar Index Outlook: Dollar Hits New Multi-Month High

EUR/USD Outlook: The Pair Broke the Key 1.1750 Support Zone to Move into a Bearish Zone

EUR/JPY Daily Chart Might Turn Bullish

Two Trades To Watch: GBP/USD, Dax

USDCAD Prints Positive Move To New 8-Month High

WTI Oil Outlook: WTI Oil On Track For A Weekly Drop Of Over 5%

USOIL Drops To Daily Support

AUD/JPY Sees Limited Bounce

AUD/USD: Aussie Extends Steep Fall to the Lowest in Nine Months

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