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 […]
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 […]
Bears eye a run to 1.2170, but watch out for the trap
GBP/USD bulls face the task of getting back over the line ahead of the NFP. Bears are taking on a key layer of support with eyes to 1.2170. GBP/USD is on the defensive following a recent break of daily structure that led to a colossal sell-off in the London and New York equities opening hours. […]
Bears move in and eye a break of critical support
USD/CAD bulls look to the 50% mean reversion target of the bearish impulse. Bears eye supports below 1.3300, targeting 1.3250/20 and then 1.3200 / 1.3150. USD/CAD has blown off on Tuesday as preliminary domestic data showed the economy growing at a slightly faster pace than the Bank of Canada expected in the fourth quarter. This brings us […]
Dollar clings to gains after U.S. data; traders eye Fed next week By Reuters
2/2 © Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo 2/2 By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar clung to modest gains against the euro on Friday after data showed falling U.S. consumer spending and cooling inflation, and as investors awaited a slew […]
Pound faces mid-Atlantic as markets eye BOE blink :Mike Dolan By Reuters
© Reuters. FILE PHOTO: A general view of the Bank of England (BoE) building, the BoE confirmed to raise interest rates to 1.75%, in London, Britain, August 4, 2022. REUTERS/Maja Smiejkowska By Mike Dolan LONDON (Reuters) -Whatever new year fillip the euro zone economy got from ebbing prices, the UK saw none of it – […]
Bears eye a retracement opportunity
NZD/USD bulls are taking on major resistance as the greenback falters. Bulls eye a break of recent highs but bears are lurking. NZD/USD has come up into a major resistance and it begs the question as to whether the bulls will stay the course as we head into critical events on both the United States and […]
Bears are moving in and eye a break of structure
AUD/USD bulls are in charge at the start of the week but bears are lurking. The US Dollar bulls need to show up to enable the Aussie is going to break the downside structure. As per the start of the week’s analysis, AUD/USD Price Analysis: Bulls eye 0.7020, bears target a break of H1 structure, […]
AUD/USD bulls eye a break of 0.6990s as domestic data underpins hawkish RBA sentiment
AUD/USD supported on domestic recent data. Bulls eye a break of the inverse head and shoulders. AUD/USD is trading at 0.6970 and in a tight 10-pip range between 0.6967 and 0.6977 on the day so far. The price has been capped below the recent 0.6990s recent highs in what has been a choppy consolidation range […]