EUR / USD has quickly passed the initial barrier at 1.1830. Looking up, the pair is now targeting 1.1917 (September 10 high). The buying bias around the EUR / USD remains firm on Wednesday, managing to hit new multi-week highs around 1.1870. As long as the bulls stay in control, the next intermediate target is […]
Tag: Technical analysis
EUR / JPY Price Analysis: Current Pullback Looks Short-lived
The strong rebound from the EUR / JPY cross encountered a stiff barrier at the resistance zone near 125.00 on Tuesday. Overcoming this area,. Credits: Forex Street Donald WestbrookDonald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald […]
XAU / USD buyers take a breather around the weekly resistance line
Gold remains close to the daily highs around the $ 1,920 level. Sellers will look for entries below the three-week support line. The monthly high offers additional resistance for the bulls before key horizontal resistance. Gold prices are holding near their daily highs, around the $ 1,920 region, at the start of the European session […]
It climbs above the week-long resistance line and 100-hour SMA amid risk appetite
AUD / USD extends the recovery from the one-month low. A downtrend line from October 9 is the immediate target for the bulls. The bears will look for a clear break below 0.7050 / 45 for new entries. Advances in the stimulus talks in the US favor the appetite for risk. The AUD / USD […]
Aiming for resistance at the $ 41.72 level
WTI is recovering from daily lows and is targeting resistance from the September 18 high at $ 41.72. Technical indicators on the daily chart favor a breakout above the key hurdle. Prices for the West Texas Intermediate (WTI), North America’s benchmark oil index, is currently trading at $ 41.48, up 0.43% on the day. Black […]
Regaining the 50-day SMA is critical to unleashing the further rally
GBP / USD is poised for a technical breakout on the daily chart. The RSI remains bullish, but the 50-day SMA is a tough nut to crack. The Brexit stalemate extends as the focus shifts to new US stimulus aid. With the deadlock in the Brexit trade deal between the European Union and the United […]
XAU / USD Struggles for Direction, Stuck in Near $ 1,900 Range
Gold now appears to have formed a symmetrical triangle on short-term charts. Neutral technical indicators warrant caution before placing directional bets. Gold extended its consolidation sideways movements during the early North American session and remained confined in the tight trading range, around $ 1,900. Looking at the technical landscape, the XAU / USD has been […]
Breaks through a month-long descending channel
EUR / GBP built on its positive intraday move and spiked to nearly two-week highs. The technical setup favors bullish traders and supports the prospects for additional earnings. The crossing EUR/GBP added to its intraday gains and rose above 0.9100, hitting nearly two-week highs in the last hour. Since the cross has shown some resistance […]
Additional gains expected above 1.1830
EUR / USD regains momentum and breaks above 1.1800. Continuation of buying pressure points to 1.1830 before 1.1900. EUR / USD managed to regain the 1.18 zone and beyond on Tuesday, allowing for a possible test of the recent spikes around 1.1830. Above the monthly highs so far at 1.1830 (Oct 9) 1.1917 (Sept 10 […]
More significant pullback could lead to a retest at 93.00
The DXY remains on the defensive and gradually approaches 93.00. A break of 93.00 would put the 92.70 region back on the radar. The US Dollar Index (DXY) trades through the multi-day lows at the 93.20 / 15 band on Tuesday, simultaneously extending the recent failure at the six-month resistance line. A deeper pullback further […]
