Bulls eye a 38.2% Fibo in the 1.2120s
Share: GBP/USD is making tracks higher and bulls eye the 38.2% Fibonacci target of around the 1.2120s. On the 15-minute chart, GBP/USD is breaking the structure after putting in a higher low for the New York session. A break of 1.2092 is now what the bulls need to solidify the prospects of a push […]
Dow Bulls Have Another Chance, Dollar Needs a New Foothold to Keep Climbing
Dow Jones Industrial Average, Meme Stocks, VIX, Dollar, Fed Funds Rates and USDJPY Talking Points: The Market Perspective: EURUSD Bearish Below 108, Dow Range Between 34,200 and 33,200 Fed Chairman Powell’s remarks were closely watched by the market, but market rate forecasts had already closed the gap to the central bank forecast before he spoke […]
Bulls moving in on the bear’s break of 1.2090 structure
Share: GBP/USD is setting the foundations for a bullish setup with the 1.2180s eyed in a 50% mean reversion target. A 38.2% Fibonacci retracement is located at 1.2195. Nevertheless, bears will be lurking considering the break of structure at 1.2090. GBP/USD bulls moved in on Tuesday and are setting the foundations for a […]
Recovery fades near 159.50 as key DMAs, trend lines probe bulls
Share: GBP/JPY bulls struggle to keep the reins after two-day uptrend. 10-DMA, 21-DMA and two-month-old resistance line challenge immediate upside amid sluggish MACD. Bears should wait for 61.8% Fibonacci retracement breakdown. GBP/JPY makes rounds to 159.40 while fading the two-day uptrend during early Tuesday. In doing so, the cross-currency pair jostles with the […]
GBP/USD bulls move in from the lows of a significant daily drop
Share: A busy week ahead for GBP/USD with domestic growth and central bank speakers. GBP/USD bulls are attempting to correct the US Dollar’s strength. On the daily chart, the 38.2% Fibonacci is around the psychological 1.2150 area. GBP/USD is flat on the day at 1.2025 so far as we enter the Tokyo session […]
Renews three-week high but 50-DMA probes bulls
USD/JPY grinds higher around three-week top during two-day uptrend. Successful break of 130.00 support-confluence join firmer oscillators to favor bulls. 50-DMA challenges immediate upside ahead of January’s peak. USD/JPY remains firmer as buyers keep the reins at the highest levels in three weeks during early Monday. In doing so, the Yen pair also justifies the […]
US inflation expectations probe greenback bulls
As markets await Federal Reserve (Fed) Chairman Jerome Powell’s reaction to the recently hawkish US data, sluggish inflation expectations seem to challenge the US Dollar Index (DXY) bulls during early Monday in Asia, following a two-day rebound from the multi-month low. That said, the US inflation expectations per the 10-year and 5-year breakeven inflation rates […]
WTI climbs above $77.00 and forms a bullish engulfing candle as bulls eye the 20-DMA around $78.40
WTI is set to finish the week with more than 2% losses. Factors like solid US jobs data and the EU’s embargo on Russian oil-related products underpin WTI. WTI Technical Analysis: Near-term shifted upward biased, and it might test $80.00. The US crude oil benchmark, known as Western Texas Intermediate (WTI)., jumped after the release […]
Rallies back above 0.9250 reclaim the 20-DMA as bull’s eye the 50-DMA
The US Dollar strengthens across the FX space, a tailwind for the USD/CHF. USD/CHF Price Analysis: Shifted to neutral biased once buyers hurdle the 20-DMA. The USD/CHF is surging sharply during Friday’s North American session, as Wall Street is set to finish the last trading day of the week with losses. Therefore, the USD/CHF is […]
Bitcoin Gives the Green Light for Crypto Bulls! |
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