GBP/JPY approaches the October low (178.10) as it marks a five-day selloff for the first time since July.
GBP/JPY Outlook
GBP/JPY appears to have reversed course following the failed attempts to test the November 2015 high (188.81), with the exchange rate extending the decline from the start of December to register a fresh monthly low (178.59).
The sharp...
AUD/JPY trades near the monthly low (96.27) after failing to hold within an ascending channel.
AUD/JPY Rate Outlook
AUD/JPY may attempt to retrace the decline from the monthly high (98.07) as it no longer carves a series of lower highs and lows, with a break/close above the 97.40 (61.8% Fibonacci extension) to 97.90 23.6% Fibonacci extension) region bringing...
USD/CHF extends the rebound from the monthly low (0.8667) to pull the Relative Strength Index (RSI) out of oversold territory.
USD/CHF Rate Outlook
USD/CHF snaps the series of lower highs and lows from last week, with a break/close above the 0.8760 (23.6% Fibonacci retracement) to 0.8770 (61.8% Fibonacci extension) region raising the scope for a move towards...
BTC/USD clears the May 2022 high ($40021) after breaking out of an ascending triangle, with the Relative Strength Index (RSI) climbing above 70 to indicate an overbought reading.
BTC/USD Outlook
BTC/USD extends the advance from the start of the month to register a fresh yearly high ($42154), with a break/close above the $41270 (100% Fibonacci extension) to...
GBP/JPY may stage further attempts to test the November 2015 high (188.81) as it tries to retrace the decline from the start of the week.
GBP/JPY Outlook
GBP/JPY registered a fresh monthly high (188.66) after failing to break/close below the 183.90 (50% Fibonacci retracement) to 184.80 (23.6% Fibonacci extension) region, and the recent weakness in the exchange...
AUD/JPY appears to be reversing course ahead of the monthly high (98.61) as it no longer trades within the confines of an ascending channel.
AUD/JPY Rate Outlook
AUD/JPY breaks below channel support following the failed attempts to test the 2022 high (98.77), with a close below the 97.40 (61.8% Fibonacci extension) to 97.90 23.6% Fibonacci extension) region...
The price of gold trades to a fresh monthly high ($2044) as it rallies for the fourth consecutive day.
Gold Price Outlook
The price of gold may attempt to test the yearly high ($2082) as it carves a series of higher highs and lows, and a move above 70 in the Relative Strength Index (RSI) is likely to be accompanied by a further advance in bullion like the...
USD/CHF extends the series of lower highs and lows from last week to breach the September low (0.8796).
USD/CHF Rate Outlook
At the same time, the Relative Strength Index (RSI) approaches oversold territory as USD/CHF registers a fresh monthly low (0.8794), with a move below 30 in the oscillator likely to be accompanied by a further decline in the exchange...
BTC/USD consolidates following the failed attempts to close above $37770 (78.6% Fibonacci extension), but Bitcoin may attempt to break out of the monthly range as an ascending triangle appears to be taking shape.
BTC/USD Outlook
BTC/USD may stage another rally as it seems to be trading within the confines of a continuation pattern, with a close above $37770...
GBP/JPY appears to have reversed ahead of the November 2015 high (188.81) as it extends the series of lower highs and lows from last week.
GBP/JPY Outlook
GBP/JPY continues to pullback from a fresh yearly high (188.29) after failing to push the Relative Strength Index (RSI) above 70, and the bullish momentum may continue to abate as the oscillator moves away...
The price of gold appears to have reversed ahead of the 50-Day SMA ($1927) as it extends the recent series of higher highs and lows to register a fresh weekly high ($1988).
Gold Price Outlook
The price of gold climbs above the $1973 (78.6% Fibonacci retracement) to $1977 (50% Fibonacci extension) region to approach the monthly high ($2004), with a breach above...
USD/CHF clears the October low (0.8888) after failing to retrace the decline from the monthly high (0.9113), and the exchange rate may continue to give back the advance from the September low (0.8796) as it extends the series of lower highs and lows from earlier this week.
USD/CHF Rate Outlook
USD/CHF may no longer respond to the positive slope in the 50-Day...
GBP/JPY registers a fresh yearly high (188.29) as it stages a three-day rally, with the advance in the exchange rate pushing the Relative Strength Index (RSI) towards overbought territory.
GBP/JPY Outlook
GBP/JPY approaches the November 2015 high (188.81) as it carves a series of higher highs and lows, with a break/close above the 189.00 (38.2% Fibonacci...
ETH/USD consolidates after taking out the April high ($2133) while the Relative Strength Index (RSI) holds in overbought territory.
ETH/USD Outlook
ETH/USD struggles to extend the series of higher highs and lows from last week as it pulls back from a fresh yearly high ($2136), with a close below $2051 (50% Fibonacci extension) raising the scope for a move...
Gold and silver both turned positive after bond yields gave up their earlier gains. The US dollar also turned lower against most currencies. Investors are looking forward to key US data releases this week. On the evidence of today’s price action, they must be anticipating weaker data. If that’s the case, then it would further boost the “peak interest rates”...
The price of gold snaps the opening range for November as it extends the series of lower highs and lows from the start of the week.
Gold Price Outlook
The price of gold registers a fresh monthly low ($1945) after failing to clear the October high ($2009), with a break/close below $1937 (38.2% Fibonacci extension) raising the scope for a move towards the $1886...
AUD/JPY appears to be reversing ahead of the yearly high (97.67) as it snaps the series of higher highs and lows carried over from last week.
AUD/JPY Rate Outlook
AUD/JPY struggles to hold its ground after registering a fresh monthly high (97.60) earlier this week, and lack of momentum to break/close above the 97.40 (61.8% Fibonacci extension) to 97.90 (23.6%...
The price of oil takes out the August low ($77.59) after failing to defend the opening range for November.
Crude Oil Outlook
The price of oil trades to a fresh monthly low ($77.47) after struggling to close back above the $82.10 (50% Fibonacci retracement) to $82.60 (23.6% Fibonacci extension) region, with the move below $77.80 (23.6% Fibonacci retracement)...
