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Forex » The week ahead from June 23th to 28th 2019
As heightened trade tensions force central banks around the world to take a dovish turn, the fate of the US-China trade talks will be determined at the G20 summit in Japan.
The planned meeting between US President Trump and Chinese…
USD/CHF falls the most in three years; looks oversold
USD/CHF experienced its worst daily trading in more than three years on Thursday, posting a sharp dip towards a 6 ½ -month low of 0.9790.
The price is currently hovering around the lower Bollinger band, while the RSI is set to shift higher…
Bitcoin bulls rest below 38.2% Fibonacci
Bitcoin is stubbornly testing the 38.2% Fibonacci ratio of the long 19,384-3,187 bearish wave for the fourth consecutive session that the bulls failed to successfully breach a year ago.
While the slowdown in the red Tenkan-sen and the blue…
USD/JPY still bearish below moving averages
USD/JPY remains stuck in a bearish phase as the momentum oscillators struggle in negative territory.
The RSI is trending downwards below the 50 level, while the MACD histogram is heading back down below 0, though it’s holding above its red…
Forex » The week ahead from June 16th to 21th 2019
Central bank meetings will be front and centre next week as the Federal Reserve, Bank of England and Bank of Japan convene for their policy decisions.
The Fed will likely grab the most attention amid intensifying expectations of a rate…
US Dollar Index rebounds on ascending line; gains are expected
The US dollar index found a strong support obstacle on the long-term ascending trend line once again, sending the price higher.
The short-term bias is tilted to the upside as the stochastic oscillator is approaching the overbought area with…
EUR/CHF eases in downward sloping channel; negative overall
EUR/CHF is retreating today, falling below both its 20- and 40-day simple moving averages (SMAs) as well as beneath the 23.6% Fibonacci retracement level of the downleg from 1.1710 to 1.1120 near 1.1260.
The bigger picture still seems…
Forex » The week ahead from June 9th to 14th 2019
As the global growth outlook darkens again, traders will be paying attention to the slew of data that’s expected out of China, the United Kingdom and the United States next week for clues on how major economies are withstanding the…
NZD/USD bullish near one-month highs; outlook turns positive in near term
NZD/USD had one of its best trading sessions for this year, this week, gaining more than 1.4% to edge above its short-term moving averages in the daily timeframe and reach a fresh one-month high of 0.6665 on Wednesday.
The technical…
EUR/GBP bulls look exhausted near 5-month high
EUR/GBP stretched its four-week rally to an almost five-month high of 0.8900 on Tuesday before pulling slightly lower.
The MACD seems to be losing momentum below its red signal line, the RSI is still hovering around its 70 overbought mark…