AUD/USD Outlook: Aussie Is Consolidating After Heavy Losses, Eyes US Jobs Data For Fresh Signals
The Australian dollar is consolidating above a new seven-week low at 0.7645, posted after a 1.32% drop on Thursday, driven by upbeat US data that inflated the US currency. Fresh bears (Thursday’s fall market the biggest one-day-loss since May 12)...
NZDUSD Recoups Some Of The Strong Losses
NZDUSD plummeted in a new one-month low around 0.7124 in the preceding sessions, however, it is currently trying to recoup some of the losses. The RSI is gaining some ground in the oversold territory, while the stochastic is getting ready...
EUR/USD Pair Is Now Struggling To Recover From The 1.2114 Low
The Euro started a fresh decline from the 1.2255 resistance zone against the US Dollar. The EUR/USD pair broke the 1.2200 support zone to move into a short-term bearish zone. It even broke the 1.2150 support and settled well below...
GBPJPY Takes A Breather But Route Remains Northbound
GBPJPY has temporarily ceased its bullish bearing at a resistance belt, moulded between the 156.00 hurdle and the peak of February 2018 at 156.60. Nonetheless, the climbing simple moving averages (SMAs) are endorsing the broader bullish structure, while the Ichimoku lines...
USDCHF Triangle Watch
The Swiss franc currency is starting to break higher against the US dollar after the pair staged a notable breakout from a large symmetrical triangle pattern. The one-hour time frame shows that the USDCHF pair could rally towards the 0.9080...
GBP/USD Is Bearish Prior To The NFP
The GBP/USD is bearish after the ADP and we should see a retest of a trend line for further selling. If the price gets to the POC zone again, we might see a rejection. 78.6-88.6 is the zone where we...
EURJPY Upside Risks Intact Despite Recent Tiptoeing
EURJPY seems to be lacking immediate positive drive to surpass the 134.00 hurdle despite multiple bounces off the 133.61 barrier. Although the pair’s broader uptrend is firm, something also being displayed in the climbing simple moving averages (SMAs), the static...
AUDJPY Consolidates in Narrow Range, Broader Uptrend Intact
AUDJPY has been trapped in a narrow sideways range for two months now, between 82.00 and 85.80. This marks a consolidation phase within the bigger uptrend that has been in effect for more than a year. A break on either...
US Oil Climbs To 3-Month High
Oil rallies as markets expect delays in the Iran nuclear talks. WTI crude has rallied above the March peak at 67.90. This is an indication that buyers have regained control of the direction. The bulls have cleared the way to 70.00 even...
Eurozone Climbing into the Higher Inflation Boat: EUR/USD
Earlier, the Eurozone released its Producer Price Index (PPI) data for APRIL, which was 1%, vs an expectation of 0.5% and 1.1% in March. No big deal, right? Old data. But theoretically, PPI feeds in the Consumer Price Index (CPI)...
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