Japan starts the week with a holiday, with no data scheduled in other major economies.US Treasury yields pressure two-week lows, dragging the pair lower. Technically, the pair has little to offer, holding within familiar levels for a third consecutive week. A failed attempt to break higher, however, increased the chances of a downward move during the upcoming...
GBP/USD is trading below the 50, 100, and 200 Simple Moving Averages on the four-hour chart and Momentum remains to the downside. Moreover, the Relative Strength Index recaptured the 30 levels, exiting oversold conditions. The graphs show a clear bias to the downside Initial support awaits at 1.2865, the fresh two-month low. Further down, 1.2830 was a support line...
Japan starts the week with a holiday, with no data scheduled in other major economies.US Treasury yields pressure two-week lows, dragging the pair lower. Technically, the pair has little to offer, holding within familiar levels for a third consecutive week. A failed attempt to break higher, however, increased the chances of a downward move during the upcoming...
The short-term picture favors another leg lower, as, in the 4 hours chart, the pair remains below all of its moving averages and with the 20 SMA extending its decline below the larger ones, also converging with a Fibonacci retracement, the 61.8% of the latest bullish run at 1.1235. Technical indicators in the mentioned chart have spent the first half of the day...
#USDCAD pullback to 1.3370 as WTI breaks $65.00 Rally in Canada’s main export item triggered the pair’s pullback. Data from the US and oil market developments will entertain Loonie traders. A 100-day simple moving average (SMA) at 1.3330 seems nearby important support ahead of dragging the quote 1.3300 and March 19 lows near 1.3250. Alternatively, the successful...
GBPUSD short time buy target 1.3180 long time Sell 1.3200 Area 1st take profit 1.2980 Area and breakout this level another Sell 1.2970 area Take profit 1.2770 Area .
Tested support on top of SG1 2930 sets the next target at 2950 the Mid-point and SG2}2965|2972|2980 with the final target around the Major Level TL3|3000 level. The market can be a bit correction from the 3000's Area, in that area will be on the take a Sell . first target 2920 and final target 2830 level.
TWITTER Stoke must be high 42 to 45 level . The market price is now at 39, From here the market can make some correction,so if you can wait for correction , it will be good to buy position because market must be touch 42 and 45 Area. Correction Area 37.50 should be take a buy position .
The trend is developing nicely, using the 8 and 21eMA’s as dynamic support. A doji marked a swing low around $196, prior to its burst towards the April high. Enjoying its most bullish session in nearly a month yesterday, we think bulls will try to break this higher once more. Even if it’s not achieved today, we'd look for $196 to hold as support as we head into...
Technically oil is in over bought territory. In the daily chart RSI showing over 70 level. STO. Also showing over bought level. Right now market is at fibo 61.8% retracement level. So before OPEC meeting we can expect some minor correction at least. If Saudi increase oil supply then a big drop may occur. We can see oil 50/54 Dollar/barrel again. Otherwise market...
Bitcoin (BTC) on the verge of witnessing a golden cross pattern. Immediate term, slight resistance abound, may break on the upside target on 7900 level this is golden Opportunity about buy position is 5700 level breakout and stable this level . Another buy Area 4400 level target 7900 area. Bitcoin, the poster boy of cryptocurrencies, is on the verge of witnessing...
Bitcoin is dancing with the 61.8% Fib level with a previous drop from $5,321.82 and a low around $4,950. BTCUSD buy 61.8% Fib level price 5000 Area. Target 5700 and 6000 level . BTCUSD not breakout 6000 area then sell position is best target 4000 area . Technically 6000 area is strong Resistance in BTCUSD, this area break and stable buy this level . The...
EURUSD on the path to re-test of 1.12. The newfound resistance range of 1.1310-1.1325 will likely be scaled in a convincing manner if the PMI's jump above 50.00, signaling a rebound in the factory activity. EURUSD Sell level 1.1320/50 Area first target 1.1260/1.1215 and finally 1.1180 area. Other side of EURUSD breakout and stable 1.1400 Area first target...
Bitcoin Cash price on Friday is on the back foot, down in negative territory by some -2.5% in the second half of the session. Next major target for the bulls will be for a return up to the $400 price territory. BCH/USD Breakout and sable 303 level Buy this position first target is 331 level next target 340 Area and final target is 400. Technical Level:...
USDCHF moves towards major resistance residing at 1.0127 area. Resistance stands at the 1.0127 level. A break of there will clear the way for a run at the 1.0150 level. On the downside, support Area is 0.9980 and then 0.9900 level Further down, support 0.9850 level. USDCHF moves towards major resistance on further bull pressure.
USDJPY 112.20 Area is Strong Resistance, not break this level then Sell USDJPY 112.20 used Sl 112.50 Take profit 110.95 and 110.00 Area. Other side of Breakout 112.20 area Buy USDJPY Target 114.00 and 114.80 Area .
USDCAD 1.3400 acts as nearby resistance, a descending trend-line from March-high, at 1.3440, could challenge buyers afterward. In a case prices rally beyond 1.3440, next target 1.3510 and 1.3600 . Downside is 1.3315 and 1.3250 may entertain short-term sellers prior to challenging them with an upward sloping support-line at 1.3220 and 200-day SMA level of 1.3200...
EURJPY Sell 126.95 Area Take profit Area is 124.00 . breakout 127.20 Area buy this level target 128.80 Area . Other buy Area 124.00 level take profit 128.00 Area.