DXY downside is playing into the hands of the bearish NZD/USD thesis. NZD/USD bears stay in control below the counter trendline. As explained in the prior analysis, NZD/USD Price Analysis: Bears eye a break of 0.6300, the bears now … [Continue reading]
Gold Price Forecast: Holding at higher ground above $1,800
XAU/USD Current price: $1,815. Stock markets are up on Wednesday, diverging attention away from the bright metal. US CB Consumer Confidence improved by more than anticipated in December. XAU/USD consolidates gains in a tight intraday range, … [Continue reading]
USD/CAD: Movementto be quite limited amid mixed technicals – Scotiabank
The Canadian Dollar can’t hold sub-1.36 gains against the USD. Economists at Scotiabank look for more range-trading in the short-term at least. Shorter-term price signals are mixed for USD/CAD “A weak (technically bearish) close for the USD yesterday … [Continue reading]
US data could trigger a sudden move in the greenback – Commerzbank
There is quite a bit of data yet for publication over the course of the week. As liquidity is likely to be thin, the fluctuation in USD could be quite pronounced, Antje Praefcke, FX Analyst at Commerzbank, reports. Do not ignore the screens … [Continue reading]
AUD/USD Price Analysis: Retreats from 200-SMA as bears brace for 0.6580
AUD/USD takes a U-turn from intraday high as the key SMA probes recovery. Failure to cross key hurdles, downbeat oscillators favor sellers. Bears eye late November swing low, 50% Fibonacci retracement level. One-month-old previous support line adds … [Continue reading]
Gold Price Forecast: XAU/USD grinds higher, United States Consumer Confidence, Treasury bond yields eyed
Gold price seesaws around weekly top after rising the most in three weeks. United States Treasury bond yields underpinned US Dollar’s biggest daily fall in a week and propelled XAU/USD. Gold buyers also cheered receding fears of recession, hopes for … [Continue reading]
GBP/USD Price Analysis: On track for strongest quarterly gain against USD since 2009
GBP/USD is coming to a peak in a coil which puts to an imminent breakout. The emphasis is currently on a test of 1.2080 for the coming sessions. If the bears fail to break this level of support, then a meaningful correction to the upside will be on … [Continue reading]
Tron price steady as early 10% pennant breakout could be underway
Tron price printed a new high for the week. TRX gets tailwinds after the Bank of Japan tweaked its yield curve. In a strange move, cryptocurrencies are outpacing equities on Tuesday. Tron (TRX) price jumped higher on Tuesday in the ASIA PAC session … [Continue reading]
GBP/USD Forecast: Pound Sterling needs to reclaim 1.2200 to turn bullish
GBP/USD has been fluctuating in a tight range above 1.2100. Pound Sterling could attract buyers if it manages to clear 1.2200. US Dollar stays under bearish pressure following BOJ event. GBP/USD has extended its sideways grind above 1.2100 into the … [Continue reading]
GBP/USD Price Analysis: Pierces through monthly key support with eyes on 200-SMA
GBP/USD takes offers to refresh intraday low, pokes short-term key support line. Sustained trading below 100-SMA keeps sellers hopeful of visiting 200-SMA. Two-week-old horizontal area restricts immediate upside before the monthly high. GBP/USD … [Continue reading]