USD/CHF bounces off near-daily lows and stays above the 50% Fibonacci retracement in the H1 chart. Disappointing US economic data sparks a counter-cyclical move with the US dollar rising instead of falling. The USD/CHF daily chart formed a double top that is in play, but USD/CHF sellers’ failures to breach 0.9520, might open the door … Read more
GBP/JPY picks up bids to portray a three-day uptrend. Sustained break of weekly resistance line directs buyers towards a fortnight-old hurdle. Convergence of the key SMAs, resistance-turned-support and an immediate upward sloping trend line highlight 165.40 as the key support. GBP/JPY refreshes intraday high near 166.40 during the third positive daily performance amid Tuesday’s Asian … Read more
A break of the Darvas Box invites volatility expansion in the asset. The short-term EMAs are overlapping to the cable prices, which signals a consolidation ahead. A (40.00-60.00) range oscillation by the RSI (14) is advocating a rangebound phase going forward. The GBP/USD pair is displaying a lackluster performance in the Asian session. The asset … Read more
Gold price is expected to display an upside movement above $1,830.00. A downbeat performance looks likely from the US Durable Goods Orders. The gold prices are expected to display a lackluster performance on a symmetrical triangle formation. Gold price (XAU/USD) has displayed topsy-turvy moves in a range of $1,821.88-1,831.87 on Friday. The precious metal is … Read more
WTI dribbles inside a bearish chart pattern around six-week low. Steady RSI and sustained trading below 100-HMA favor bears. Eight-day-old resistance line adds to the upside filters. WTI crude oil traders lick their wounds near $103.50, up 0.15% intraday, heading into Friday’s European session. In doing so, the black gold remains inside a two-day-old bearish … Read more
USD/CAD snaps two-day uptrend, stays pressured towards immediate support line. Bullish chart pattern, steady RSI keeps buyers hopeful, 1.3080 is the key hurdle. Downside break of mid-month low could convince bears. USD/CAD extends pullback from 1.3017 towards dropping back inside a weekly ascending trend channel formation. That said, the Loonie pair stays depressed at around … Read more
GBP/USD dribbles inside a bullish chart pattern after two-day inaction. Firmer RSI, horizontal support add strength to the bullish bias. 100-SMA acts as an extra filter to the north, bears could aim for yearly low on breaking 1.2160. GBP/USD treads water around 1.2260 during Friday’s Asian morning, following the last two days’ dormancy inside a … Read more
AUD/USD remains depressed around intraday low, extending the previous week’s pullback towards monthly low. One-week-old trend line may offer intermediate support but the 0.6855 level is crucial for bears to watch. Convergence of 50-SMA, two-week-old resistance line challenge buyers. AUD/USD holds lower ground near 0.6890 heading into Thursday’s European session. In doing so, the Aussie … Read more
A Darvas Box formation is indicating a volatility contraction in the asset. The RSI (14) is attempting to shift into the bullish range of 60.00-80.00. The shared currency bulls have defended the 20-EMA confidently. The EUR/USD pair is displaying a sideways move after a minor correction from the round-level resistance of 1.0600. On a broader … Read more
GBP/USD fades bounces off intraday low, stays pressured around weekly bottom. Fortnight-old resistance line, 100-EMA guard immediate run-up, RSI hints at sideways grind. Weekly support line restrictions downside targeting yearly low. GBP/USD licks its wounds around 1.2250 while fading the recent bounce off intraday low during Thursday’s Asian session. Even so, the cable pair remains … Read more