Technical bias for the pair is strongly bullish. The major is extending its bullish streak for the sixth consecutive week. Minor resistance lies at 125.85 which is 2015 high. Break above will see the major at fresh multi-year highs.
Gold breaks significant resistance at $1950 after long consolidation despite a surge in US bond yields. Technical: The near–term support is around $1940 (yesterday's low), The yellow metal faces strong resistance of $1961 (38.2% fib), sell around $1950-51 SL $1975 TP $1850.
EUR/JPY spikes over 1.25% to hit new monthly high, pauses shy of 137 handle EUR/JPY is showing a good bullish breakout after extending sideways grind for past few session's. MACD and ADX support upside in the pair. Chikou span is biased higher. GMMA indicator shows major and minor trend are strongly bullish.
The price will grow towards the target above Also you see here is a almost perfectly formed butterfly harmonic in play. this week looks more promising with expectation of a further bullish rally to 1960 area. key point: with this breakout new structural movement is expected with both small bull and bear rallies accompanied by a massive potential pullback back to...
BTCUSD showed a sell-off after Fed meeting minutes. Bear case- Levels to watch- $42980 (55- day EMA). Any daily close below that level confirms intraday bearishness. Bull case- Primary supply zone -$44100. The breach above confirms minor trend continuation. if move up after trendline testing It is good to buy on dips around $42000 SL $41700 TP of $52000.
GBP/CHF struggles at 21-EMA, decisive break above required for upside continuation The pair has snapped a 5-day bullish streak at 21-EMA resistance, break above required for upside continuation. Price action is extending sideways
Gold trades lower on a strong US dollar. The US dollar index gained on aggressive rate hike increase. Technical: The near–term support is around $1915, any breach above will take to the next level $1960/$1977/$2000/$2020.
GBPJPY trades lower on the weak Pound sterling. Technicals: On the lower side, immediate support is around 161.40, It is good to sell on rallies around 161.80-85 SL 162.35 TP of 160.
GBPJPY has halted its four days of a bullish trend and showed a minor sell-off. Technicals: On the lower side, immediate support is around 161.40, The minor resistance to be watched is around 162.30, a break above that level confirms intraday bullishness, and a jump to 164 is possible. buy on 161 SL 160 TP of 164
USD/JPY extends gains ahead of FOMC minutes, hawkish Fed speak buoys USD Focus now on the release of FOMC minutes for clues on the prospect of a 50 basis point hike at the U.S. central bank's next meeting in May. Technical bias for the pair is bullish. Scope for test of fresh multi-year high above 125 handle.
AUD/NZD pauses four-day bullish streak, outlook remains bullish The pair has shown a decisive breakout on sloping channel pattern, scope for further upside. MACD and ADX support further upside in the pair. Chikou span is biased higher.
GBPJPY gained more than 100 pips yesterday on a weak yen. Technicals: On the lower side, immediate support is around 161.50, The minor resistance to be watched is around 162.20, a break above that level confirms intraday bullishness, and a jump to 164 is possible. good to buy 161 SL 160 TP of 164.
The pair is extending weakness below daily cloud, scope for further downside Stochs and RSI are biased lower, RSI slips below 50 mark
The pair lost its shine and held below 1.1000 on board-based US dollar buying. It is good to sell on rallies around 1.1000 SL 1.1050 TP of 1.0300.
Gold trades flat for the second consecutive day between $1939.57 and $1915.64. It is good to sell on rallies around $1928-30 SL $1950 TP $1850.
AUD/USD hits 10-month high above 0.76 handle, RBA leaves interest rate unchanged at 0.1% with positive economic outlook AUD/USD is extending break above the weekly cloud and is poised for further gains. Next major hurdle for the pair lies at 110-month EMA at 0.7631.
EUR/GBP extends downside after rejection at channel top, slips into daily cloud EUR/GBP is trading with a bearish bias. The pair is holding support at 200H MA and 21-EMA. Break below to plummet prices further.
If the break local support zone more bearish upside eyes 21-EMA