Fades bounce off 200-EMA around mid-131.00s
Share: USD/JPY reverses the previous day’s recovery from weekly low, sidelined of late. Firmer RSI, sustained break of weekly resistance line keeps Yen buyer hopeful. Bulls need validation from 131.70 to keep the reins. USD/JPY seesaws around 131.50 as buyers struggle to extend the previous day’s rebound amid a sluggish start to Thursday’s […]
Jostles with 50-DMA to convince Oil buyers
Share: WTI grinds higher after crossing one-week-old resistance line. Unimpressive oscillators, 50-DMA challenges Oil bulls ahead of the key 100-DMA hurdle. Pullback remains elusive below $75.60 support confluence, $73.00-72.50 region appears a tough nut to crack for bears. WTI crude oil struggles to extend the previous day’s stellar run-up around the weekly top, […]
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 […]
Bulls attack 130.40 resistance confluence
USD/JPY grinds higher around intraday top after two-week rebound from multi-month low. Convergence of 21-DMA, downward-sloping trend line from late November guards immediate upside. Bullish MACD signals, firmer RSI (14) adds strength to the bullish bias. Bears need validation from fortnight-old ascending trend line to retake control. USD/JPY prints mild gains as buyers muster the […]
Extends recovery firmly to near 141.50
The Euro bulls are showing strength ahead of the German GDP data release. A recovery move above the 20-EMA indicates the short-term trend is bullish. The RSI (14) is still in the 40.00-60.00 range, showing the absence of a potential trigger. The EUR/JPY pair sensed a significant buying interest after dropping to near the four-day […]
Bulls have softer road to travel past 0.9200
USD/CHF grinds higher inside monthly triangle, struggling to extend two-day uptrend. Sustained break of 10-DMA, bullish MACD signals keep buyers hopeful. USD/CHF buyers lurk around six-week-old descending support line. USD/CHF bulls take a breather around 0.9210 during Monday’s sluggish Asian session, following a two-day uptrend, as traders await this week’s bumper data/events. Also challenging the […]
Recovery remains elusive below 0.9255-60 hurdle
USD/CHF picks up bids to extend the previous day’s rebound from weekly low. Convergence of 200-SMA, support-turned-resistance line and a descending trend line from early January appears tough nut to crack for bulls. Impending bull cross on MACD, sustained bounce off 23.6% Fibonacci retracement suggest further recovery. USD/CHF grinds higher past 0.9200, mildly bid while […]
En route 0.8860 hurdle during four-day uptrend
EUR/GBP grinds near weekly high, up for the fourth consecutive day. Clear rebound from 50% Fibonacci retracement, upside break of 100-SMA favor bulls. One-week-old resistance line restricts immediate upside ahead of monthly top. EUR/GBP picks up bids to 0.8845 as bulls poke intraday high, as well as the weekly top, heading into Wednesday’s European session. […]
Expects volatility contraction amid Ascending Triangle formation
A recovery in investors’ risk appetite has led to a correction in USD/JPY. The volatility is contracting amid an Ascending Triangle formation. The 21-EMA is continuously providing support to the US Dollar. The USD/JPY pair has corrected gradually to near 130.15 after printing a fresh three-day high at 130.89 on Monday. The asset has corrected […]
XAG/USD marches towards 200-SMA inside weekly bearish channel
Silver price renews intraday high to reverse the previous day’s slump to five-week low. 200-SMA, bearish chart formation keeps XAG/USD bears hopeful. Monthly high acts as the last defense of Silver bears. Silver price (XAG/USD) picks up bids to refresh intraday high near $23.55 as it bounces off the five-week low marked the previous day. […]