AUDUSD is sill within downward channel. If price is unable to break above key zone between 0.634 and 0.636, it would pave the way for continuation of bearish sentiment. Target is seen around 0.6. If price breaches above 0.636 mark, it would be a major signal of change in overall trend.
USDCAD is expected to trade below 1.39 and above 1.36 during the balance of this month. Overall sentiment would remain bullish as long as price holds above 1.35. USDCAD Q4-2022 Outlook USDCAD has been biased upward since June 2021. The rising trend which started around 1.2 is likely to continue toward the target of 1.41 by the end of this quarter. Based on...
10 Year Treasury rate is expected to hold upside momentum as long as it stays above 3.5%. Given the current pattern, it is likely to see the yield on the U.S. 10-year Treasury climb to 4.5% by the end of this quarter. Support: 3.5% & 3.82% Resistance: 4.5% & 5%
USDCHF has reached a resistance zone around 1.00 Possible pull-back if rate holds below 1.00 Supports are seen around 0.989 and 0.879
XAGUSD has failed to establish itself above the resistance zone between 20.9 and 21.2. A bearish scenario might be a move from resistance zone toward 19.
GBPJPY is likely to face resistances between 161 and 162 after huge bounce as much as 1300 pips. If price holds below resistance zone, there is a possible pull-back within the next couple of days.
GBPUSD hit an important key level around 1.1 If price stays below 1.1, there is a possible path toward 1.07.
EURUSD bounced after rejection from key levels around 0.955. Resistances are seen around 0.975 and 0.9815.
AUDUSD has reached to a key level at 0.652. Risk/reward skewed to downside, Potential fall to 0.64 As long as price holds below 0.652, it is likely to see a pull-back toward 0.645 and 0.64
AUDJPY is on the way down to 90 and 87. As long as rate holds below 93, bearish bias is likely to continue.
CADJPY is within a short-term trading range between 104.7 and 106. One of possible scenario is to see rate is unable to breach 106/106.2 where it might create a path toward 104.2/104.7 lower boundary. To this scenario happens, rate has to hold below 106.25.
SPY price action is signaling that more downside is in the cards. Targets are seen around 325 and 295
AUDUSD is heading toward key levels at 0.637 and 0.6 Price action and recent patterns indicate that it is unlikely to see significant upside moves over next couple of days. It seems AUDUSD is ready to fall sharply toward 0.6 As long as AUDUSD trades below 0.65/0.655 zone, bearish bias continues. Bullish signal = if price trades above 0.65 and 0.655 Short-term...
USDCAD overall trend is clearly bullish. As long as price remains above 1.3545 there is a path toward 1.45 which the pair saw in March 2020. The ongoing price action and its volatility suggest the continuation of bullish bias with possible less downside moves. The ongoing rising trend seems strong enough that possibly it would break through resistances around...
Ongoing bearish bias would continue as long as rate holds below 0.657. Target is seen around 0.626. AUDUSD price pattern and its volatility points to more downside. If rate trades above 0.657, it would signal a short-term relief rally.
"USDCAD overall trend is bullish. Recent volatility provided no evidence of change in current sentiment so far. As long as rate holds above 1.337, rising trend continues. Support zone is around the area between 1.338 and 1.341. Short-term target stands around 1.355, however USDCAD expected to get to area between 1.43 and 1.45 by the end of 2022."
COIN bottomed out at 40.83 Coinbase stock’s price performed quite poorly since April 2021 which saw price fell from the high of 429.54 to 40.83 40.86 (almost 90% loss). Despite overall bearish sentiment, stock has bottomed out at two points (40.83 and 44.15) during May and Jun 2022. It seems that market has priced the worst-case scenario. Therefore, it is...
AUDUSD is one the way down toward 0.665. There is an opportunity to take a bearish bias around 0.672 and 0.677. Despite ongoing bearish sentiment, traders seem to be watching a key level around 0.677. If price start trading above 0.677, there is a risk of short-term bullish move toward 0.688/0.69 zone.