EURUSD has successfully weighed on the 50-day simple moving average (SMA) – coupled with the mid-Bollinger band – and growing bearish pressures have now clearly pushed below 1.1323, crushing buyers’ efforts to breach the 1.1500 Read more…
The yen has started the trading week with gains, with USD/JPY trading just above the 115 line in the European session. Yen rises on Ukraine worries The crisis on the Ukraine/Russia border continues to dictate Read more…
Gold price started a major increase above the $1,835 resistance against the US Dollar. The price broke the $1,850 resistance level to move into a bullish zone. Besides, there was a break above $1,860 and Read more…
Gold ran with full speed on Friday to breach the descending trendline and claim a new higher high at 1,865, marking its largest daily increase since October. The precious metal opened the new week on Read more…
WTI oil price is holding near new highest since September 2014 in early European trading on Monday, following Friday’s 4.3% advance the biggest one-day rally since Aug 23). Rising geopolitical tensions on possible military conflict Read more…
Despite GBP/USD managing a gain of 0.19% on the week, the weekly candlestick formation wasn’t the thick body that would give confidence of any sort of big range breakout this week. GBP/USD had an inconclusive Read more…
US equities crashed sharply on Friday as investors reacted to the latest warning by the US intelligence on Russia’s activity near Ukraine. In a statement, the agencies said that Russia had amassed enough troops near Read more…
EUR/USD At the end of last week, the euro was sold off and the pair broke the support at 1.1400. The corrective phase has deepened and is currently limited by support 1.1330. The market is Read more…
The Dow Jones 30 struggled as white-hot US inflation fanned fears of aggressive rate hikes. Nonetheless, a break above the 30-day moving average on the daily chart indicates improved market sentiment. An overbought RSI prompted Read more…
The pound may find support from Britain’s upbeat GDP in Q4. A break above January’s high at 157.70 suggests that the bulls have reclaimed control of price action. The next challenging task is to push Read more…