USDX stays above the 200 SMA at H1 chart and looks forward to reaching the resistance zone of 90.63, where a breakout should open the doors to test the 91.75 level. Such move should strengthen the bullish bias, as the index has been struggling to consolidate a clear trend in the short-term. To the downside, […]
GBP/USD has been trading in a bearish tone following a breakout of the March 27th lows and now, the price action is making a consolidation below the 200 SMA at H1 chart. If the pair manages to break below the support zone of 1.4061, then we might expect a lower continuation towards the 1.3985 level. […]
Overview The Gold price resumes its negative trading now on its way to test 1316.48 that represents our main waited target, noting that it is important to monitor the price behavior when reaching the mentioned level, as breaking it will extend the correctional bearish wave to reach 1301.20 as a next station. In general, we […]
Overview The Gold price resumes its negative trading now on its way to test 1316.48 that represents our main waited target, noting that it is important to monitor the price behavior when reaching the mentioned level, as breaking it will extend the correctional bearish wave to reach 1301.20 as a next station. In general, we […]
Overview The Silver price showed clear break to 16.45 level and settled below it, to continue moving within the sideways track as appears on the above chart, which makes us suggest witnessing more sideways trading until the price manages to surpass one of this range’s lines represented by 16.15 support and 16.80 resistance. Note that […]
AUD/USD has been quite indecisive today having impulsive bearish momentum off the 0.7750 recently. The pair has been quite volatile and corrective at the edge of 0.7750 area for a while now but the impulsive bearish pressure was not as strong as expected. Today AUD Private Sector Credit Report was published with an increase to […]
Markets were mostly mixed as investors braced for the Easter holiday break. While fears of a global trade war have eased, this may be replaced by concerns over the US technology sector. The Dollar was boosted by GDP figures while Sterling remained unsettled after economic data failed to impress. GBPUSD remains pressured below 1.4100 while […]
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Microsoft stock retreated again after finding resistance near the 95.30 barrier this week. The price completed four consecutive negative sessions in the 4-hour chart, plunging below the 20- and 40-period simple moving averages (SMA). The technical picture now supports that the bearish bias is likely to continue in the short-term. Looking at the momentum indicators, the RSI is negatively sloped, slightly […]
GOLD PRICES slipped to new 1-week lows against most major currencies on Thursday in London, but held on track for the highest close to a calendar quarter in 5 years in US Dollar terms. Crude oil retreated again from Tuesday’s new 2018 highs and silver fell harder than gold prices, dropping to $16.24 and […]
The total market capitalisation of cryptocurrencies dropped below $282bn, as broad-based selling saw major digital currencies reach multi-month lows. The vice governor of the People’s Bank of China (PBOC) has commented that they will launch a crackdown on cryptocurrencies this year. Also, it is reported that two Japanese cryptocurrency exchanges are set to cease operating, […]
It has been a continuation of another difficult week across the markets as uncertainty about trade and Trump’s administration continue. The week started at an optimistic note as a report indicated that China and the United States were negotiating a deal that would iron out the key issues. Recently, the Chinese authorities have showed their […]
ETX Capital – week ahead – Spotify IPO, Eurozone inflation and US nonfarm payrolls are the big events for markets in the coming days. Why trade with ETX Capital? – http://www.etxcapital.co.uk ETX Capital is one of the leading providers of spread betting, CFDs and forex trading services for retail, HNW and institutional clients. Based in […]
Get your daily market and Forex news analysis from leading Forex and market news analysts only at http://www.xm.com/market-analysis-video Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD/USD) Visit http://www.xm.com the international Forex broker. Related Posts:Trading Signals for GOLD (XAU/USD) for April 15-17, 2024:… April 15, 2024 Gold is trading around […]
Here are the latest developments in global markets: FOREX: The US dollar traded higher against a basket of currencies yesterday, with dollar/yen surging 170 pips in a single day, though its rally is starting to lose steam again in the European session currently (-0.19%). Today, dollar traders are likely to turn their attention back to the […]
NZDUSD turned increasingly bearish after a bounce off the 0.7300 handle on Tuesday, breaking below the 0.7200 strong psychological level yesterday. Today the pair continues to head lower, but the RSI in the 4-hour chart is not far away from oversold levels therefore upside movements cannot be excluded yet in the short-term. The MACD gives additional […]
The Chinese Ministry of Trade called on the US to withdraw tariffs and investment restrictions on the PRC on Thursday. “They can trigger a chain reaction threatening the global economy, and China will fight until the end” – said Ministry spokesman Gao Feng.At a press conference in Beijing, Gao did not provide details on a […]
Overview: The USD/CHF pair will continue to rise from the level of 0.9559. The support is found at the level of 0.9525, which represents the 61.8% Fibonacci retracement level in the H1 time frame. The price is likely to form a double bottom. Today, the major support is seen at 0.9525, while immediate resistance is […]
All our targets which we predicted in previous analysis have been hit. USD/JPY is still expected to trade in higher range. The pair keeps trading on the upside following a surge of over 1.4% yesterday (March 28). Extra support is provided by the ascending 20-period moving average, which stands far above the 50-period one. The […]
All our downside targets which we predicted in our previous analysis have been hit. NZD/USD is still under pressure and expected to trade in a lower range. The pair is heading downward now, capped by its falling 20-period and 50-period moving averages. The relative strength index is showing bearish momentum, and also remains below its […]
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Canadian GDP will be released later today showing slight growth. The USDCAD pair has slipped into a sideways pattern below the area of the red trend line, shown here on the 4-hour chart. This trend line currently represents resistance and is located at the 1.29395. The 50-period MA is at 1.29148, with the 100-period below […]
We continue to look for a strong break above resistance at 1.7100 to confirm the next part of the rally higher to 1.7536 and 1.7744 on the way towards the next major target at 1.8437. We have already seen some minor breaks above resistance at 1.7100, but they have not been sustained and therefore can […]
Get your daily market and Forex news analysis from leading Forex and market news analysts only at http://www.xm.com/market-analysis-video Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD/USD) Visit http://www.xm.com the international Forex broker. Related Posts:The dollar has not reached its potential April 15, 2024 What is permissible for Jupiter may […]
Morning Report: 07.00 London This morning, global risk appetite has dampened after US tech stocks sold off further last night. The yen is in demand, pushing the USD/JPY lower after yesterday’s solid gains. Other yen pairs are following suit, with the EUR/JPY and GBP/JPY slipping lower. The AUD/JPY appears to be bouncing around the lows. […]
Here are the latest developments in global markets: FOREX: The dollar index declined 0.1% today, giving back some of the significant gains it posted yesterday when it recorded its biggest daily surge in six months. Meanwhile, the yen was losing ground as geopolitical tensions appeared to ease further, and amid increased flows in light of the Japanese […]
We continue to look for a final spike closer to resistance at 132.85 to complete wave B and set the stage for the final decline in wave C closer to our long-term target at 123.43. The minute count shows, that we currently are in a sideways wave iv correction, which should produce a final minor […]
The American car manufacturer Ford has filed a patent for a device for communication between vehicles, which includes exchanging cryptogram tokens to liquefy traffic, informs U.S. Patent and Trademark Office (USPTO). Ford claims that traffic congestion arises “because of the psychology of human drivers who focus on their individual travel time preferences.” The patent suggests […]
Over the night the EUR/USD recaptured from 1.23 and USD/JPY failed to push through 107.00. This is definitely the strongest movement in the major’s basket. In addition, the mood on the stock markets has stabilized and the WTI crude oil price has risen – the evening descent at USD 64 has been negated and the […]
Bitcoin is currently residing at the important price area of $7,500. If the price breaks below with a daily close, further impulsive bearish momentum is expected. Currently, there has been some news about crypto mining in some cities like New York and Plattsburgh. Besides, Twitter announced a ban on the advertisement of cryptocurrencies in any […]
