EUR/JPY approaches the September 2008 high (159.61) as it stages a four-day rally.
EUR/JPY Rate Outlook
EUR/JPY bounces back ahead of the monthly low (155.54) to clear the July high (158.05), with the exchange rate climbing to a fresh yearly high as it carves a series of higher highs and lows.
A breach above the September 2008 high (159.61) may push EUR/JPY...
The price of oil clears the April high ($83.53) to push the Relative Strength Index (RSI) towards overbought territory.
Crude Oil Outlook
The price of oil clears the opening range for August to register a fresh yearly high ($84.65), and a move above 70 in the RSI is likely to be accompanied by a further rise in crude like the price action from last month.
A...
BTC/USD appears to be breaking out of the range-bound price action carried over from last week following the failed attempts to close below the 50-Day SMA ($28923).
BTC/USD Outlook
BTC/USD seems to be defending the monthly low ($28598) as it trades back above the $29140 (38.2% Fibonacci extension) region, and Bitcoin may track the positive slope in the moving...
AUD/JPY remains confined within a descending channel as it no longer responds to the positive slope in the 50-Day SMA (94.71), but the exchange rate may attempt to retrace the decline from the start of the month as it halts a four-day selloff.
AUD/JPY Rate Outlook
AUD/JPY seems to be reversing ahead of channel support as it snaps the series of lower highs and...
• Dollar outlook hinges on NFP as Fed’s decision is data-dependent
• Mixed NFP leading indicators and what are analysts expecting
• Wage inflation in services still a problem for the Fed
Employment reports are almost always important anyway, but this one is going to be even more so. Coming in a week before the CPI report, Friday’s jobs data is going to...
GBP/USD approaches the July low (1.2659) ahead of the Bank of England (BoE) interest rate decision as it trades below the 50-Day SMA (1.2721) for the first time since June.
GBP/USD Rate Outlook
Failure to hold above the moving average may lead to a further decline in GBP/USD as it carves a series of lower highs and lows, with a break below the July low...
EUR/JPY approaches the July high (158.05) after testing the former-resistance zone around the May high (151.62).
EUR/JPY Rate Outlook
EUR/JPY stage a three-day rally as it extends the series of higher highs and lows from the July low (151.42), and the exchange rate may track the positive slope in the 50-Day SMA (154.15) as it trades back above the moving...
Along with the other dollar pairs, the EUR/USD bounced back today after Thursday's sell-off. But this popular currency pair was testing a key resistance area, around 1.1030 to 1.1050 area (old support) - see chart. Will the sellers step back in from here and push rates down, or will the bulls reclaim this level?
There’s about 2 months to go until the Fed meets...
The price of gold may attempt to retrace the decline from the monthly high ($1988) as it appears to be reversing ahead of the 50-Day SMA ($1951).
Gold Price Outlook
The price of gold trades to a fresh weekly high ($1974) ahead of the Federal Reserve interest rate decision, with a move above the $1972 (78.6% Fibonacci retracement) to $1977 (50% Fibonacci...
The price of oil trades to a fresh monthly high ($79.87) as it stages a four-day rally, with the Relative Strength Index (RSI) on the cusp of indicating an overbought reading for the first time in 2023.
Crude Oil Outlook
The price of oil climbs above $78.70 (50% Fibonacci retracement) as it extends the series of higher highs and lows from last week, with a...
BTC/USD trades to a fresh monthly low ($28861) as it fails to retain the range bound price action from last week.
BTC/USD Outlook
BTC/USD falls towards the 50-Day SMA ($28422) after registering a fresh yearly high ($31826) earlier this month, with a move below the moving average opening up the $27470 (23.6% Fibonacci extension) to $28220 (23.6% Fibonacci...
The USD/JPY recovered from its earlier lows after the release of some mixed-bag US PMI data but was still unable to make back the losses from earlier in the session. The USD/JPY and yen crosses will be in sharp focus in the second half of the week, with investors looking forward to interest rate decisions from the Fed and BoJ on Wednesday and Friday, respectively....
The recent rally in EUR/CAD failed to push the Relative Strength Index (RSI) into overbought territory like the price action from earlier this year, with the exchange rate carving a series of lower highs and lows amid the lack of momentum to push above 1.4890 (38.2% Fibonacci extension).
EUR/CAD Rate Outlook
EUR/CAD weakens for the fourth consecutive day after...
AUD/JPY trades within a descending channel after registering a fresh yearly high (97.67) in June, but the exchange rate may track the positive slope in the 50-Day SMA (93.90) amid the failed attempts to close below the moving average.
AUD/JPY Rate Outlook
AUD/JPY seems to be reacting to the moving average as it bounces back ahead of the monthly low (93.27),...
GBP/USD weakens for the third consecutive day after failing to test the April 2022 high (1.3167), with the Relative Strength Index (RSI) indicating a textbook sell signal as it falls below 70.
GBP/USD Rate Outlook
A move below the 1.3000 (78.6% Fibonacci extension) handle may push GBP/USD towards the former-resistance zone around the June high (1.2848), with a...
EUR/JPY appears to be stuck in a narrow range as it bounces back from a fresh weekly low (156.79), but the exchange rate may face a larger pullback as the Relative Strength Index (RSI) slips below 70 to indicate a textbook sell-signal.
EUR/JPY Rate Outlook
EUR/JPY consolidates following the failed attempt to break/close above the 157.20 (161.8% Fibonacci...
The price of gold clears the May high ($76.69) as it stages a three-day rally, with the advance in crude pushing the Relative Strength Index (RSI) towards overbought territory.
Crude Oil Outlook
The price of oil registers a fresh monthly high ($76.96) as it carves a series higher highs and lows, and a move above 70 in the RSI is likely to be accompanied by a...
The price of gold clears the opening range for July to trade above the 50-Day SMA ($1958) for the first time since May.
Gold Price Outlook
The price of gold extends the series of higher highs and lows from last week to register a fresh monthly high ($1960), with a break/close above the $1972 (78.6% Fibonacci retracement) to $1977 (50% Fibonacci extension)...
