Blogs

<p>The German 30 stock index (cash) found support at the 50% Fibonacci of the virus-led sell-off and crawled to a fresh high of 11,537 on Tuesday. With the price deviating above its shorter-term moving averages (SMAs) and the ichimoku cloud at a time when the RSI keeps sloping upwards, additional gains could follow in the […]

<p>Notes/Observations Risk appetite aided reopening optimism and another human trial of Covid-19 vaccine hopeful (NVAX) UK said to be looking at opening non-essential stores from June 15th German govt said to be prepared to lift travel warnings on almost three dozen countries and replaced by more detailed travel advice (Note: japan govt fully

<p>The GBP/CAD exchange rate has declined by 3.43% since the beginning of May. The currency pair tested the lower boundary of a descending channel pattern at 1.7000 on May 19. All things being equal, the British Pound could edge higher against the Canadian Dollar within this week’s trading sessions. The potential target for bulls could

<p>On Monday, the EUR/USD currency pair consolidated in the 1.0900 area. During today&#8217;s morning, the pair skyrocketed to 1.0960. On the one hand, it is likely that some upside potential could continue to prevail in the market. Note that the nearest resistance level—the weekly R1, is located at 1.1010. On the other hand, it is [&hell

<p>Yesterday, the GBP/USD exchange rate consolidated in the 1.2185 area. During Tuesday morning, the rate skyrocketed to 1.2320. On the one hand, it is likely that some upside potential could prevail in the market, and the currency pair could target the weekly R2 located at the 1.2401 level. On the other hand, the pair could […]

<p>On Monday, the USD/JPY currency pair traded sideways near 107.70. During today’s morning, the pair touched the 107.90 level. It is likely that the exchange rate could gain support from the 55– and 100-hour SMAs, as well the weekly and monthly PPs in the 107.60 area. Thus, some upside potential could prevail in the market. […]

<p>Yesterday, the XAU/USD exchange rate tested the lower line of the rising wedge pattern. During Tuesday morning, the rate breached the given pattern south. From a theoretical point of view, it is likely that some downside potential could prevail in the market. In this case the rate could target the psychological level at 1,700.00. Meanwhile

<p>EURGBP spent more than a month trapped in a narrow range with a lower boundary at 0.8680 and an upper end at 0.8860, before breaching it to the upside. Yet, the upside move seems to have encountered powerful resistance near the 0.9000 handle and the pair has turned lower again, igniting doubts about whether this […]

<p>The euro currency is rallying against the US dollar, as the greenback comes under pressure on the first full trading day after long Bank Holiday. EURUSD bulls could start to target the 1.1000 resistance level if they can anchor price above the 1.0935 technical area. Technical analysis shows that a breakout above the 1.1000 area […]

NZD/USD seesaws around 0.6200 at the start of Wednesday’s Asian session. While Tuesday’s risk-on sentiment propelled the pair to 11-week high, around