Gold and Aussie Intraday Elliott Wave Analysis
GOLD – XAUUSD is coming down again, but the whole structure since the beginning of June now more and more looks like a bullish triangle formation within wave 4), where we are tracking the final wave E or maybe even...
EUR/USD Pair Is Currently Rising From The 1.2143 Low
The Euro started a fresh decline from the 1.2220 resistance zone against the US Dollar. The EUR/USD pair broke the 1.2200 support zone, but it remained well bid near 1.2150. A low was formed near 1.2143 and the pair is...
NZDUSD Touches SMAs In A Declining Tendency
NZDUSD has been in a slightly upside movement over the last 4-hour sessions, flirting with the downward sloping 20- and 40-period simple moving averages (SMAs). Broadly, the pair is trading within a descending formation, while a break above the 200-period...
XAU/USD Outlook: Gold Benefits From Weaker Dollar After US Inflation Data
Spot gold edged higher on Friday and probed above $1900 barrier, inflated by weaker dollar after signals that rising US inflation, which made a biggest annual increase almost 13 years, was insufficient to push Fed to start changing its stance...
USDCAD Tiptoes Above 1.20, But Bearish Picture Endures
USDCAD is consolidating around the level of 1.2060, which happens to be a key trough achieved in early September 2017, after its most recent deflection off the upper frontier of the descending channel. The bearish simple moving averages (SMAs) are...
GER 30 Seeks Support On Key Daily Level
The DAX consolidates gains as investors weigh high valuations against the pace of recovery. On the daily chart, a bullish MA cross is a sign of acceleration in the rally after a six-week-long consolidation. The index is currently looking for...
EUR/JPY Capped By Key Resistance
The euro weakened after the ECB maintained its accommodative monetary stance. The pair has so far kept its bullish bias following a rally above April 2018’s high at 133.48. The price action has bounced off 132.90, the base of a...
USD/CHF Fails To Bounce Back
The US dollar surged after May’s core CPI rose by 3.8% yoy. The pair remained under pressure after it broke below the lower band of the consolidation range at 0.8930. An oversold RSI has led to a brief whipsaw, which has turned...
BTCUSD Watching $36,300
Bitcoin is still slightly bullish in the short-term, despite the fact that a strong reversal took place from above the $38,000 level on Thursday. Sustained gains above the $36,300 level would suggest that the BTCUSD pair is headed back towards...
AUD/USD Outlook: ECB Policy Meeting And US CPI Data Eyed For Fresh Direction Signals
The Australian dollar remains within a narrow range for the third straight day after last week’s sharp fall was quickly reversed, keeping the price at familiar levels. Positive signals from lower US yields were offset by a dovish stance from...
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