EUR/USD Pair Is Now Consolidating Losses From The 1.2181 Low
The Euro started a downside correction from the 1.2250 resistance zone against the US Dollar. The EUR/USD pair broke the 1.2220 support zone to move into a short-term bearish zone. It even broke the 1.2200 support and there was a...
GBP/USD Outlook: Sterling Holds Gains After Hawkish Comments From BoE Policymaker But The Action Remains Within The Extended Range
Cable is consolidating after Thursday’s 0.60% jump on comments from BoE policymaker Vlieghe who said that the central bank could raise interest rates as soon as the first half of 2022 if the labor market recovers faster than expected. Fresh...
GBPUSD 1.4235 Now Key
The British pound is starting to rise against the US dollar, with the pair probing back towards the technically important 1.4200 resistance area. Lower time frame analysis shows that a break above the 1.4235 level would invalidate a large head...
BTCUSD Bearish Under $37,000
Bitcoin has retraced back under the $37,000 support area after the top cryptocurrency once again failed to make traction above trendline resistance close to the $40,500 level. The BTCUSD pair could start to retrace back towards the $35,000 price area...
EUR/USD Outlook: Break Of Trendline Support To Trigger Deeper Pullback
The Euro stands at the back foot in early Friday’s trading, signaling a possible continuation of a pullback from 1.2266 high, after Thursday’s neutral mode (Doji candle). Fresh easing cracked trendline support at 1.2175 (bull trendline from 1.1704, 2021 low),...
GBPJPY Hovers Near New 40-Month Highs
GBPJPY had a strong green day on Thursday, charting a fresh 40-month high at 156.06. The price is currently holding above the bullish crossover within the 20- and 40-period simple moving averages (SMAs) as well as above the Ichimoku cloud....
United States Oil Fund Elliott Wave And Long Term Cycles USO
Firstly the USO instrument inception date was 4/10/2006. CL_F Crude Oil put in an all time high at 147.27 in July 2008. USO put in an all time high at 953.36 in July 2008 noted on the monthly chart. The...
WTI Oil Outlook: Oil Eases After Double-Doji, But Signals Remain Mixed
WTI oil price edged lower on Thursday but remains within a narrow range that extends into third day and consolidating strong rally of last Mon/Fri (up 6.5). Oil remains supported by expectations for stronger demand on summer driving season in...
USD/JPY Surges Above 109.00
The US Dollar surged by 46 pips or 0.42% against the Japanese Yen on Wednesday. A breakout occurred through the upper boundary of a descending channel pattern during Wednesday’s trading session. Given that a breakout had occurred, bullish traders could...
WTI Futures Slow ahead of Vital Resistance Zone
WTI oil futures have retreated before really challenging the vital resistance section of 66.57-67.96 and are now finding some footing near the mid-Bollinger band at 65.20 on the four-hour chart. The improving 50-period simple moving average (SMA) and the 100-...
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