On the hourly chart of Gold on FXOpen, the price struggled to clear the $1,938 resistance against the US Dollar. The price is now consolidating above the 50-hour simple moving average. On the upside, the Read more…
Daily Pivots: (S1) 1.6222; (P) 1.6280; (R1) 1.6370; More… Outlook in EUR/AUD is unchanged. Corrective fall from 1.6785 should have completed with three waves down to 1.5846. Intraday bias stays on the upside for 1.6513 Read more…
Daily Pivots: (S1) 1.3141; (P) 1.3183; (R1) 1.3224; More…. Further decline is expected in USD/CAD with 1.3268 resistance intact. Current fall from 1.3653 should target 100% projection of 1.3860 to 1.3299 from 1.3653 at 1.3092. Read more…
DXY: The DXY (US Dollar Index) chart demonstrates a bearish momentum, indicated by the price being below a major descending trend line, suggesting the potential for continued downward movement. The price has the potential to Read more…
DXY: The DXY (US Dollar Index) chart demonstrates a bearish momentum, indicated by the price being below a major descending trend line, suggesting the potential for continued downward movement. The price has the potential to Read more…
In the face of Yen’s swift depreciation, top Japanese currency diplomat Masato Kanda expressed concern on Monday, describing the recent changes as “rapid and one-sided. He added that “We have all options available and we Read more…
Key Highlights EUR/USD corrected gains from the 1.1000 resistance zone. It traded below a key bullish trend line with support near 1.0930 on the 4-hour chart. GBP/USD also corrected gains from the 1.2840 resistance. Bitcoin Read more…