Technical analysis of Forex market

AUDJPY Loses Steam Towards Supportive Trendline; Positive Picture Questioned

AUDJPY is cautiously positive in the very short-term as the lower high throws into question the improving outlook. The pair is being supported by the 50-day simple moving average (SMA) ...
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GBP/USD Outlook: Bulls Pause after Strong Rally, Awaiting UK PMI Data for Fresh Signals

Cable eases after three-day rally which repeatedly failed under pivotal Fibo barrier at 1.3158 (61.8% of 1.3284/1.2954). Wednesday’s 0.7% advance marks the biggest one-day rally since 31 Dec, fueled by ...
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Crude Oil Price Could Accelerate Decline Below $55

Key Highlights Crude oil price is declining and it recently settled below $60.00 against the US dollar. Earlier, there was a break below a key bullish trend line with support ...
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US 30 Index Consolidates; Remains Cautiously Positive

The Wall Street 30 stock index’s (cash) positive directional momentum appears to have weakened as it has eased slightly from the new all-time-high of 29,401. The index looks to be ...
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Dollar Index Futures May Lengthen Bearish Trend

US dollar index futures are exposed to downside risks as regards the market trend. The first clue is the lower high and the lower lows registered below the 2 ½-year ...
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AUD/JPY May Be Ready For Next Leg Lower

Later, markets will get their first look at how Australian consumers feel about the US-China trade deal. What is good for China is good for Australia as the economies are ...
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UK 100 Stock Index Retreats Below MAs; Losses Halted by Ichimoku Cloud

UK 100 Stock Index (cash) retraced from the five-month high of 7,689 below the simple moving averages (SMAs) on the four-hour chart but further losses were restricted by the Ichimoku ...
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EUR/USD Meets Resistance

The decline of the EUR/USD found support in the 1.1080 level and began a surge. The surge was stopped on Tuesday by the resistance of the 55-hour simple moving average ...
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GBPAUD Inches Sideways Towards Supportive Trendline

GBPAUD has shifted sideways after a pullback from the multi-year peak of 1.9521. Directional momentum has evaporated, and the pair is approaching a supportive trendline drawn from the low of ...
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AUD/USD Outlook: Aussie Extends Weakness on Rising Expectations for Rate Cut

The Australian dollar fell in European session to the lowest since 10 Jan, after brief recovery in Asia lost traction. Fresh weakness comes in extension of Friday’s strong fall after ...
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S&P 500 The Upside Prevails

Pivot (invalidation): 3302.50 Our preference Long positions above 3302.50 with targets at 3350.00 & 3362.00 in extension. Alternative scenario Below 3302.50 look for further downside with 3281.00 & 3261.00 as ...
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