The pair is moving in a sideways direction between resistance 0.7190 and support 0.7075 … It is preferable to remain neutral until one of these levels is breached to confirm its direction. A breach of 0.7190 – 0.7200 could push the pair to target resistance at 0.7290 as the first target, then resistance 0.7385 as […]
The downside scenario remains valid as long as the pair remains below the resistance at 1.3235 to keep the target at 1.3070 as the first target, which could push the pair further towards 1.2915 as the second target and then 1.2780 as the third target. A break of 1.3235 might be enough to end the […]
The pair was unable to hold steady below 0.9980 during yesterday’s trading to resume trading above … The negative cross of the 50 and 100 simple moving averages may be a sign that the downside may continue, but it is better to wait for a clear breach of 0.9980 to confirm this possibility. This is […]
Gold has started a downward correction since it achieved its second target of the 1345 uptrend scenario … The price is currently floating in the bullish trend line shown on the 4 hour chart … Momentum indicators on both the 4-hour time frame and the day indicate a sell saturation, Has gathered enough momentum to […]
The pair has been moving in a sideways trend since achieving its first target of the 110.90 mid-month rally … The possible bullish scenario remains intact as long as the pair remains within the channel shown on the four-hour chart and may be heading to its second target at 111.70 then 112.50 as a third […]
Break the resistance 1.3210 (25/01/2019 high) push the pair strongly to face the resistance 1.3340 during yesterday’s trading, which is currently rebounding after losing momentum due to the saturation condition indicated by Stochastic and RSI … The pair may retreat in an attempt to test Support 1.3210 and gather enough bullish momentum to face the […]
Stability above 1.1350 was enough to activate the bullish scenario and push the pair to reach its first target at 1.1405 … and the price fell during yesterday’s trading in an attempt to gain the bullish momentum due to the saturation of the price shown on the indicators Stochastic and RSI. The possible bullish scenario […]
By Henning Gloystein SINGAPORE (Reuters) – Oil prices dipped on Thursday, dragged down by weakening factory output in China and Japan and record U.S. crude output, although markets remained relatively well supported by supply cuts led by producer club OPEC. International Brent crude futures were at $66.20 per barrel at 0525 GMT, down 19 cents, […]
By Aby Jose Koilparambil (Reuters) – Investors remained bullish on China’s yuan for a third straight fortnight, a Reuters Poll showed on Thursday, as markets turned optimistic about the progress in Sino-U.S. trade talks. Long positions on the yuan rose to their highest since February last year, the poll of 10 analysts showed, with investors […]
By Tommy Wilkes LONDON (Reuters) – Price swings in the world’s most-traded currencies have plummeted as a dovish shift by major central banks reversed a brief revival at the end of 2018, and traders are hoping events such as Brexit will shake up moribund markets next month. Volatility is crucial for traders, who can wring […]
