While further rise cannot be ruled out in USD/JPY, strong resistance is still expected from there to limit upside. Break of 159.08 will turn bias back to the downside the extend the corrective pattern from 160.71 with the third leg. However, decisive break of 160.71 will confirm up trend resumption. That should push USD/JPY through…
Silver’s sharp decline this week is about more than rising Fed hike expectations. By breaking decisively below the key $70 level, the metal may have altered one of the market’s most widely accepted assumptions. What was previously viewed as a structural floor supported by supply deficits and industrial demand is now at risk of becoming…
Key Highlights GBP/USD started a major decline below 1.3450 and 1.3420. It traded below a contracting triangle with support at 1.3410 on the 4-hour chart. EUR/USD dipped heavily before the bulls appeared near 1.1500. Gold extended losses below $4,400 and tested $4,280. GBP/USD Technical Analysis The British Pound failed to surpass 1.3520 against the US…
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The USD/MXN is near the 17.46100 mark with fast results and a wide spread early this Monday as the Middle East conflict has escalated in the past handful of hours. Early trading this morning has seen quick changes of bids and asks via Forex in the USD/MXN. The currency pair is near 17.46100 as of…
EUR/USD Analysis Summary Today Overall Trend: Strongly Bearish. Support Levels for EUR/USD Today: 1.1500 – 1.1460 – 1.1380 Resistance Levels for EUR/USD Today: 1.1630 – 1.1700 – 1.1780 EUR/USD Trading Signals: Buy scenario: From the support level of 1.1445 with a target of 1.1600 and a stop-loss at 1.1400 Sell scenario: From the resistance level…
Intraday bias in EUR/AUD remains neutral again range trading continues. On the upside, break of 1.6381 will resume the rebound from 1.6108 short term bottom to 100% projection of 1.6108 to 1.6381 from 1.6186 at 1.6459. Firm break there will pave the way to 161.8% projection at 1.6628. Risk will stay on the upside as…
Markets breathed a sigh of relief on Monday after Iran’s military declared its first wave of attacks against Israel complete, helping Brent crude retreat from above $98 to below $95. Yet the pullback in oil may be telling only part of the story. While investors rushed back into risk assets, crude prices remain firmly above…
Today’s Gold Analysis Overview: The Overall Gold Trend: Still bearish. Today’s Gold Support Points: $4300 – $4240 – $4170 per ounce. Today’s Gold Resistance Points: $4420 – $4480 – $4560 per ounce. Today’s Gold Trading Signals: Bullish Scenario: Buy gold from the support level of $4265 with a target of $4500 and a stop loss…
Potential signal I am selling this market if we get close to the 310.50 area and see the 10-year yield in America drop simultaneously. I would set a stop near 312.50, and target 305 below. The US dollar rallied quite nicely against the Hungarian forint as interest rates jumped in America. That being said, this…