Joshua

GBP/USD falls below 1.1900 and approaches 1.1800, due to risk aversion. Amid a light calendar, comments from the Federal Reserve will give GBP/USD direction. GBP/USD will consolidate around 1.1800-1.2000 in the absence of catalysts. The British pound (GBP) fell sharply below the 1.1900 figure in the North American session amid risk aversion as the Covid-19 […]

The USD/JPY continue your bounce. Credit Suisse economists they expect the pair to extend its bounce to the 13-day EMA at 142.18/20. Support at 139.63 and then at 138.63 “We see room for a deeper rally, although we continue to maintain our broader negative outlook. Resistance lies at the 13-day EMA at 142.18/20, which we […]

Selling pressure remains firm around EUR/USD. The dollar is trading at multi-session highs when followed by the DXY. The Chicago Fed’s national activity index worsened in October. Bears continue to control the mood in space associated with risk and keep the EUR/USD depressed in the 1.0250 area at the start of the week. EUR/USD falls […]

This is what you need to know to trade today, Monday, November 21: Equity markets are down ahead of the US open as China concerns weigh on sentiment. China has recorded its first covid death in more than six months. Equity markets in Asia fell as risk aversion became the dominant theme. This caused the […]

USD/CAD rises to a 1-week high and is supported by a combination of factors. Oil prices weaken the Loonie and act as a tailwind amid sustained USD buying. Sustained strength beyond 1.3400 could have set the stage for further gains. The pair USD/CAD It is supported by last week’s bounce from support at the 100-day […]

EUR/USD accelerates the decline and targets 1.0200 again. The loss of 1.0200 exposes a probable drop to 1.0020. The EUR/USD adds to the ongoing pullback and loses ground for the third straight session on Monday. A deeper pullback could break 1.0200 and therefore pave the way for further losses to the 100-day SMA around 1.0020. […]

The DXY adds to the ongoing bounce and approaches 108.00. If it continues to go higher, you could see the 100-day SMA again near 109.20. The US dollar (DXY) it advances for the third session in a row and trades near 108.00 on Monday. The continuation of the uptrend is targeting the temporary hurdle of […]

USD/JPY breaks above the 141.00 confluence and rises to a 1-week high on Monday. The strong tracking of dollar purchases remains a support amid the policy divergence between the Fed and the BOJ. The mixed technical setup warrants some caution before positioning for more profit. The pair USD/JPY gains strong positive traction on Monday and […]

The gold price continues to lose ground for the fourth day in a row and falls to a week low. The strong tracking of US dollar buying is seen as a key factor putting pressure on the commodity. Market caution could offer some support to the safe haven XAU/USD and limit losses. the price of […]

AUD/USD falls to one-week lows on Monday amid strong tracking of dollar buying. China’s problems with COVID-19 and geopolitical risks drive demand for the dollar as a safe haven. The configuration supports the prospects of a further depreciation movement in the short term for the pair. The pair AUD/USD extends last week’s pullback from near […]