EURUSD Is Possibly Bullish
Technical analysis The RSI is above line 50, indicating that an uptrend may prevail The Ichimoku indicator displays a bullish sentiment The Stochastic suggests a possible upward correction. What the possible outcomes are In our most likely scenario, the EURUSD...
XAU/USD Breached 100- Hour SMA
The yellow metal’s price edged higher by 267 pips or 1.55% on Wednesday. The surge was stopped by the 100– hour simple moving average during yesterday’s trading session. All things being equal, the commodity could continue to edge higher in...
EURUSD Is Possibly Bearish
Technical analysis The RSI is under line 50 but closer to 20, indicating that a downtrend may prevail with a possible upward correction The Ichimoku indicator displays a bearish sentiment. The Stochastic suggests a possible upward correction. What the possible...
GBP/USD Pair Moved Into A Bearish Zone From 1.3900
The British Pound started a fresh decline after it failed to surpass 1.4000 against the US Dollar. The GBP/USD pair traded below the 1.3900 support level to move into a bearish zone. The pair even broke the 1.3850 support and...
GBP/USD Decline Likely To Continue
The British Pound has declined by 38 pips or 0.27% against the US Dollar on Tuesday. The currency pair was pressured lower by the 55– hour simple moving average during Tuesday’ trading session. All things being equal, the exchange rate...
AUD/JPY Has Established a Strong Support
The AUD/JPY went to the 88.6 zones and established strong support. The bounce should be happening. 79.90-80.60 is the zone where we should be seeing a bounce. Q L5 pivot also protects the bulls. A bullish bounce towards 81.70 is...
EUR/USD Elliott Wave Analysis Eyes to 1.1700 Level
As per Elliott Wave analysis, EURUSD is coming down after Friday’s NFP report, now seems like it’s breaking down into wave 5 targeting that April levels are near 1.1700. Ideally, the pair will still be looking for some buyers down...
Market Morning Briefing: Dollar Index Has Risen To Test 93
STOCKS Dow has to sustain above 35000 to keep the chances alive of breaking above 35250. Else a fall is possible. DAX seems to lack strength to break above 15800 and can retain its 15200-15800 range for some more time....
AUDUSD Finds Support but Outlook Still Bearish
AUDUSD gained some positive traction after steadying in the well-established 0.7335 support region following Friday’s sharp selloff. The price is currently moving higher and the stochastics are also pointing up, suggesting there could be further moderate gains in the coming...
AUD/USD Pair Started a Fresh Decline from 0.7420
The Aussie Dollar failed to clear the 0.7420 resistance zone against the US Dollar. The AUD/USD pair started a fresh decline and it broke the 0.7400 support zone. There was also a break below the key 0.7375 support level and...