NEO/USD remains trapped between 50 and 200-HMA. Hourly RSI has ticked higher above the midline. 200-HMA is likely to be tested in the near-term. NEO (NEO/USD) witnessed good two-way businesses on Friday, having finally settled in the red after … [Continue reading]
Gold Price Analysis: Downside more compelling for XAU/USD in the NFP week ahead – Confluence Detector
Gold (XAU/USD) shed about 4.5% in the past week, delivering a weekly closing below the August month low of $1863. The yellow metal booked the first weekly loss in three, with the risks skewed to the downside in the US Non-Farm Payrolls (NFP) week … [Continue reading]
Bitcoin Price Forecast: BTC sandwiched between strong resistance and support levels
Around $208 million worth BTC has been shifted between OKEx, Binance and three anonymous wallets. Bloomberg analyst Mike McGlone said that BTC should be performing at a much higher price. Whale Alert notifies a movement of 29,293 BTC between … [Continue reading]
USD/JPY Price Analysis: The pair looks to be heading right back into the middle of the range
USD/JPY trades 0.18% higher on Friday and 1% higher on the week. There was a strong rejection of 104.00 to the downside. USD/JPY daily chart USD/JPY does not seem to like trading below 104.00 as there seems to be a quick recovery as soon as the … [Continue reading]
Oil Price Analysis: WTI moves back to flat and once again trades above $40 per barrel
WTI trades flat on Friday but down 1.81% this week. It has not been the most exciting day for price action with the price stabilising at USD 40 per barrel. WTI 1-hour chart It has been a mixed Friday for WTI as the price is moving sideways heading … [Continue reading]
USD/CAD clings to daily gains above 1.3370 after US data
USD/CAD trades modestly higher above 1.3370 on Friday. US Dollar Index clings to gains near 94.50 ahead of Wall Street's opening bell. WTI struggles to hold above $40 in early American session. After spending the first half of the day fluctuating in … [Continue reading]
USD/CAD consolidates in a range, around mid-1.3300s
USD/CAD remained confined in a narrow trading band through the early European session. Coronavirus jitters underpinned the safe-haven USD and extended some support to the pair. Subdued action around crude oil prices did little to influence the loonie … [Continue reading]
GBP/USD holds steady around 1.2750, awaits fresh impetus
GBP/USD’s bounce remains capped near 1.2780. UK Sunak’s furlough scheme offers temporary reprieve. US dollar looks to regain poise ahead of Durable Goods data. Having faltered the bounce once again near 1.2780 region, GBP/USD remains side-lined … [Continue reading]
Theta price analysis: THETA reaches all-time high levels and may face bearish correction
THETA flashed the sell signal in the TD sequential in its 12-hour chart. THETA had a bullish breakout from the cup and handle pattern in the daily chart. THETA flew up from $0.55 to $0.64 over the course of the day, reaching all-time high levels. … [Continue reading]
NZD/USD bulls taking charge from demand area for a 38.2% Fib retracement
NZD/USD has started to make a slight come back as risk appetite improves. The US dollar may have run too far too soon, offering bullish prospects for the bird. NZD/USD is recovering from a one-month low in the start of a movement … [Continue reading]