USDCAD regained above 1.2850 levels on board-based US dollar buying. USDCAD is holding above short-term (21 EMA), medium-term (55 EMA), and long-term ( 200 MA) in the daily chart. buy 1.2800 SL 1.2750 TP 1.2950.
USD/JPY holds marginal gains, yields underpin greenback The major is holding marginal gains and hovers around the 130 handle after closing 0.72% lower in the previous session. Technical bias for the pair remains bullish. Momentum with the bulls and volatility is high. Scope for further upside.
Candlestick – long-legged Doji GBPJPY showed a minor sell-off after hitting a six-year high. The pair has formed a minor top around 168.43 and lost more than 800 pips on the weak Pound sterling. Technicals: On the lower side, immediate support is around 162,
GOLD has almost hit the support level after bouncing off the resistance level. From the support level, I expect a recovery.
BTCUSD formed a triple bottom around $37000 and showed a minor pullback. Markets are highly volatile ahead of Fed monetary policy next week. Bear case- Levels to watch- $37000. Bull case- Primary supply zone -$40000. Buy $37000 SL $34000 TP of $50000.
EUR/GBP extends sideways at 200-DMA resistance, focus on German/Eurozone GDP data for impetus Price action is above 200-DMA and GMMA indicator shows intraday trend has turned neutral - ADX and MACD support upside in the pair. 5-DMA is sharply higher Support - 0.8391 (110-EMA)
Break out 21-EMA and next eyes 55-EMA If break 55-EMA next eyes 200-EMA and 200-MA
Gold upside eyes 21-EMA Resistance But hope local bull if break out 21-EMA more bullish
The major ignores previous session's Doji formation to extend downside Price action has slipped below 200-week MA support at 0.7147 raising scope for downside scope for dip till 0.6767 (2022 low).
Technical Analysis: Momentum is bullish, Stochs and RSI are sharply higher Volatility is high and rising, major moving averages are biased higher ADX and MACD support upside, Chikou span is biased higher GMMA indicator shows major and minor trend are strongly bullish Major Support and Resistance Levels: Support - 128.54 (5-DMA), Resistance - 131 USD/JPY...
EUR/CHF finds strong support at 20-DMA, break below to see more weakness Price action finds strong support at 20-DMA, break below will drag the pair lower. Momentum has turned bearish, RSI has slipped below 50 mark. Stochs show bearish momentum.
After that sees some rise and correction here. Testing base off flag channel but if the support zone here breaks more fall is expected and this bearish market can easily continue.
Gold down side trade XAUUSD is facing a strong downside pressure these days and as you see in the daily time frame down side eyes 1870 1850
Price action struggles to hold break above daily cloud, slips below 50-DMA Momentum has turned bearish, RSI has slipped below 50 mark
USD/JPY extends marginal gains, BOJ’s policy in focus USD/JPY hovers around 200H MA. Bulls preventing the pair to slip further below 200H MA. Overbought conditions may causes some pullbacks. But major trend remains bullish and pullbacks are likely to be shallow.
The pair has snapped a four-day bearish streak and spiked higher after upbeat Australia inflation reading. 20-DMA is strong resistance at 92.98, decisive break above will see upside resumption in the pair.
The yellow metal hits a low of $1891.50 yesterday Upside eyes 55-EMA and Cloud base Technical: The near–term support is around $1890, a breach below targets $1870/$1850.
BTCUSD regained above $40000 as the Bitcoin hash rate hits an all-time high of 271.19 exahash per second (EH/S) Secondary barrier- $43000. A violation above that barrier targets $46000/$48300. CCI (50) holds above the zero line in the 4-hour chart.