GBP/USD has started a fresh climb after testing support near 1.3410. Bullish trend line offers strong support near 1.3600. The British Pound, US Dollar pair declined rapidly after dropping below...
Talking Points: ADA is still trading in extremely constrained conditions. ADA has fallen below vital Ichimoku levels, indicating that selling pressure has resumed. To support higher prices, bulls...
EUR/USD took a pause below the 1.1600 support level. Bearish trend line has formed resistance near 1.1650. The Euro, US Dollar pair started a fresh decline after breaking resistance near 1.1670....
Talking Points: The AUD/JPY pair takes a step back after hitting a multi-day high and breaking a two-day uptrend. A Bullish moving average convergence divergence (MACD) and 100-day simple moving...
The Dow Jones, the S&P 500, and the Nasdaq weakened on Friday after the U.S. released the Nonfarm Payrolls report, which showed that the country added only 194K jobs in September. The job report...
USD/JPY started a fresh rally after breaking resistance at 111.00. Bullish trend line has formed support near 111.55. The US Dollar, Japanese Yen pair turned bullish after testing support near...
Talking Points: XAG/USD appears to be on the back foot within a bearish set-up. Bears are favoured by the ascending triangle and prolonged trading below vital EMAs. The monthly...
Talking Points: The Ichimoku Kinko Hyo system shows a bullish structural breakout. Fibonacci expansions predict a new vital zone for a record high of around 4,500 USD. If ETH maintains its momentum,...
The Bitcoin (BTC/USD) price soared to the highest level in four months as demand for the digital currency rose. It is trading at $55,000, bringing its total market capitalization to more than $1...
USD/CAD resumed its decline after testing resistance near 1.2780. Bearish trend line making a recovery unlikely. The US Dollar, Canadian Dollar pair has been bearish since September 20th where it...
USD/CHF started a fresh climb after testing support at 0.9230. Strong resistance above 0.9300 could limit further gains. The US Dollar, Swiss Franc pair declined after the recent high of 0.9370 on...
Talking Points: S&P 500 Futures are slowly recovering from their weekly lows, but stumble in the early session today. Despite Republican opposition, the US President is adamant about extending...
The price of crude is trading steadily above the crucial level of $80. However, it has eased on its rallying after the unexpected rise in US oil inventories. Late on Tuesday, the American Petroleum...
GBP/USD turned bullish after testing support near 1.3400. Bearish trend line has formed resistance near 1.3610. The British Pound, US Dollar pair corrected higher after testing support near 1.3400....
The AUD/USD price was feeling the pressure in the morning session after the latest Reserve Bank of Australia (RBA) interest rate decision. The pair dropped to 0.7265, which was lower than this...
Talking Points: DOT shows signs of a bull trap. The DOT oscillators don’t confirm a bullish breakout above the Cloud. Inside the Cloud, a return to erratic and uncertain market activity is...
EUR/USD continued it’s decline after breaking support at 1.1600. Strong resistance to limit gains in the short-term. The Euro, US Dollar pair has continued to be bearish after breaking below the...
Gold price will likely remain within a horizontal channel in October. Bulls will need to push the price past the resistance zone of $1,835 to shift the sentiment. The demand for gold has been rather...
Talking Points: XAU/USD maintains its strong recovery from seven-week lows. Treasury yields decrease as a result of the risk-off mood, which helped gold bulls. The hourly chart for XAU/USD suggests...
USD/JPY started to climb after testing support near 109.10. Bearish trend line broken near 109.90. The US Dollar, Japanese Yen pair turned bullish after testing support at 109.12 on September 21st....
The USD/CNY is continuing to trade in a tight range after relatively mixed China economic numbers. The pair is trading at 6.4452, which is slightly above the monthly low of 6.4323. After staging a...
Talking Points: Following the price movements on Wall Street, Asian stocks are showing mixed results today. With China’s Evergrande default risk diminishing, traders’ thoughts are being...
USD/CHF traded near to 0.9360 before correcting lower. Bearish trend line broken near 0.9280. The US Dollar, Swiss Franc pair declined to a recent low of 0.9215 before turning bullish. It has since...
The cryptocurrency market remains under pressure this trading week, and the risk of further declines is still not over. Ethereum ETH/USD has weakened from $4025 below $2700 since the beginning of...
EUR/GBP tested support near 0.8530 before turning bullish. Bearish trend line broken near 0.8560. The Euro, British Pound pair was trading within a bearish pattern after a recent high of 0.8310 on...
Talking Points: XAG/USD consolidates the worst daily losses in a week within a short-term symmetrical triangle pattern. The convergence of 100-day and 200-day Simple Moving Average (SMA) protects the...
GBP/USD started a fresh climb from around 1.3600. Multiple resistance levels above 1.3760 could limit further gains. The British Pound, US Dollar pair had been in decline since the recent high of...
Talking Points: Facing a six-week-old horizontal barrier, DXY is struggling to continue a two-day upswing. A weekly resistance line and August’s high, challenge the bulls amidst a steady...
Crude oil price is trading at close to a three-year high as inches closer to the crucial level of $80. Early on Tuesday, Brent futures were at $79.36 as it eased from Monday’s high of $79.89. At...
EUR/USD started to climb higher after testing support near 1.1680. Bearish trend line has formed resistance near 1.1755. The Euro, US Dollar pair had declined below 1.1700, trading as low as 1.1683...