ETH/USD appears to be stuck in a narrow range after registering a fresh monthly high ($1936) during the previous week.
ETH/USD Outlook
The V-shape recovery in ETH/USD appears to have stalled ahead of the May high ($2000) as it snaps the series of higher highs and lows from the monthly low ($1623), and failure to close above the $1865 (23.6% Fibonacci...
EUR/CAD appears to be reversing course ahead of the monthly low (1.4283) as it retraces the decline from the previous week.
EUR/CAD Rate Outlook
EUR/CAD consolidates following the failed attempt to test the February low (1.4239), and the exchange rate may stage a run at the monthly high (1.4540) as it holds above 1.4260 (38.2% Fibonacci retracement).
A break...
A bull-flag appears to be taking shape after AUD/JPY registered a fresh yearly high (97.67) earlier this month.
AUD/JPY Rate Outlook
AUD/JPY may consolidate over the remainder of the month as it holds above last week’s low (95.26), and the Relative Strength Index (RSI) may continue to show the bullish momentum abating as if falls back from overbought...
EUR/JPY retraces the decline from earlier this week to trade to a fresh yearly high (155.75), and the exchange rate attempt to test the September 2008 high (159.61) as the Relative Strength Index (RSI) holds in overbought territory.
EUR/JPY Rate Outlook
EUR/JPY initiates a fresh series of higher highs and lows as the Japanese Yen depreciates against most of...
EUR/AUD carves a series of higher highs and lows after registering a fresh monthly low (0.5849) last week, and the exchange rate may stage a larger rebound as the Relative Strength Index (RSI) reverses ahead of oversold territory.
EUR/AUD Rate Outlook
EUR/AUD attempts to retrace the decline from the start of the month after failing to push below the 1.5800...
ETH/USD registers a fresh monthly low ($1623) after failing to defend the May low ($1741), with the recent decline in Ethereum pushing the Relative Strength Index (RSI) to its lowest level since March.
ETH/USD Outlook
ETH/USD appears to be staging a rebound amid the lack of momentum to push below the $1565 (50% Fibonacci retracement) to $1623 (78.6% Fibonacci...
AUD/JPY registers a fresh yearly high (95.19) as it stages a seven-day rally, and the exchange rate may attempt to test the November 2022 high (95.56) as the Relative Strength Index (RSI) pushes above 70 for the first time this year.
AUD/JPY Rate Outlook
AUD/JPY continues to appreciate after reversing ahead of the 50-Day SMA (90.98) at the start of the month,...
EUR/JPY trades to a fresh monthly high (151.25) after defending the opening range for June, and the exchange rate may attempt to test the May high (151.62) as it appears to be tracking the positive slope in the 50-Day SMA (148.21).
EUR/JPY Rate Outlook
EUR/JPY continues to hold above the moving average amid the failed attempt to clear the monthly low (148.63),...
Sterling poised to mark an outside-day reversal off confluent resistance at 1.2600/25 - a region defined by the 78.6% retracement of the May sell-off and the yearly high-day close.
Initial support 1.2419 backed by 1.2370 (key)
A topside breach would expose a run towards the next major Fibonacci hurdle at 1.2757 .
US Inflation on tap tomorrow followed by...
The recent decline in EUR/CAD seems to have stalled ahead of the February low (1.4239) as it trades in a narrow range, with the Relative Strength Index (RSI) reflecting a similar dynamic amid the failed attempt to push below 30.
EUR/CAD Rate Outlook
EUR/CAD consolidates after registering a fresh monthly low (1.4283) during the first full week of June, and the...
GBP/USD clears the opening range for June as it initiates a series of higher highs and lows, and the exchange rate may continue to retrace the decline from the May high (1.2680) as it trades back above the 50-Day SMA (1.2465).
GBP/USD Rate Outlook
GBP/USD registers a fresh monthly high (1.2558) on the back of US Dollar weakness, with a move above 1.2650 (38.2%...
AUD/JPY cleared the February high (93.05) as the Reserve Bank of Australia (RBA) delivered a 25bp rate hike, and the exchange rate may attempt to test the December 2022 high (93.80) as it initiates a series of higher highs and lows.
AUD/JPY Rate Outlook
AUD/JPY appears to have reversed course ahead of the 50-Day SMA (90.45) as it registers a fresh yearly high...
The S&P 500 is approaching a key lateral confluence at 4308/45312- a region defined by the August high-day close, the 61.8% retracement of the 2022 decline and channel resistance.
Looking for possible inflection / price exhaustion into this threshold.
A topside breach / close keeps the focus on the upper parallel (blue- currently ~4350s) and the April 2022...
EUR/AUD takes out the April low (1.6036) as it extends the series of lower highs and lows from last week, and the Relative Strength Index (RSI) may show the bearish momentum gathering pace as it approaches oversold territory.
EUR/AUD Rate Outlook
EUR/AUD continues to trade to fresh monthly lows after failing to hold above the 50-Day SMA (1.6351), with the...
ETH/USD snaps the range bound price action from last week after following the failed attempts to close above the $1865 (23.6% Fibonacci retracement) to $1908 (61.8% Fibonacci extension) region.
ETH/USD Outlook
ETH/USD trades to a fresh monthly low ($1780) after struggling to hold above the 50-Day SMA ($1872), and Ethereum may continue to give back the advance...
What a strange jobs report that was! On the one hand, the headline number suggests all is well in the economy with the addition of a very strong 339K jobs. But the rise in the unemployment rate to 3.7% from 3.5% completely contradicts the jobs growth. The unemployment rate is based on a household survey, so there is always going to be some deviation. But with the...
EUR/CAD snaps the range bound price action from last week as it slipped to a fresh monthly low (1.4465) on the last day of May, and the exchange rate may attempt to test the March low (1.4383) as it carves a series of lower highs and lows.
EUR/CAD Rate Outlook
EUR/CAD trades to a fresh weekly low (1.4446) after struggling to trade back above the 1.4600 (38.2%...
AUD/JPY falls toward the 50-Day SMA (89.95) following the failed attempt to test the monthly high (92.44), and the exchange rate may give back the advance from the May low (89.17) if it struggles to hold above the moving average.
AUD/JPY Rate Outlook
AUD/JPY carves a series of lower highs and lows as it extends the decline from the start of the week, and the...
