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 […]
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 […]
The SPY Knocks on the Door of Resistance | Don’t Ignore This Chart!
2022 was a year that required a ton of patience, waiting out the cyclical bear market that unfolded – especially during the first 5-6 months of the year. But we saw significant strength in many areas during the fourth quarter and growth stocks have powered the market forward in January 2023. January performance has provided […]
Some Classical Technical Developments Shaping Up As Volatile Markets Gets Selective | Analyzing India
The ghost of the Hindenburg Report continues to haunt the Indian stock markets; the markets have witnessed a sharp selloff over the past two sessions after the activist short-seller leveled some serious allegations against the Adani Group. While Hindenburg Research specializes in “forensic financial research”, they have accused the Adani Group of serious financial wrongdoings, […]
GBP/USD – Technicals fail to provide a directional clue
GBP/USD outlook: Bulls face strong headwinds but remain in play, US inflation data in focus Cable edges lower in early Friday’s trading as bulls continue to face headwinds and repeatedly failing to sustain gains above 1.24 mark, keeping the price action in sideways mode for one week. Strong barrier at 1.2446 (base of falling weekly […]
INTC down nearly 11% in premarket as poor guidance spreads worries
Intel stock has lost nearly 11% in the premarket INTC dropped on account of Thursday’s evening’s quarterly release. Intel missed earnings expectations by half and revenue consensus by $500 million. CEO Pat Gelsinger said current quarter’s revenue would be $3 billion below expectations. Well, that did not go as planned. Intel (INTC) launched the semiconductors […]
GBP/USD retreats after facing a wall of resistance in 1.2400, slips to 1.2370s
GBP/USD is set to finish Friday with losses of at least 0.20%. United States inflation continues to wane but remains twice elevated of Fed’s target. GBP/USD Price Analysis: To remain sideways ahead of the Fed and BoE monetary policy decisions. GBP/USD snaps two days of gains and tumbled below Thursday’s close of 1.2406, slumping toward […]
GBP/USD retreats after facing a wall of resistance in 1.2400
GBP/USD snaps two days of gains and tumbled below Thursday’s close of 1.2406, slumping toward 1.2370, amidst a choppy trading session. Inflation data revealed in the United States (US) augmented the likelihood of small-size rate hikes by the US Federal Reserve. Therefore, the GBP/USD is trading at 1.2372, below its opening price by 0.27%. Read More… […]
Bullish harami looms, with bulls targeting 131.50
USD/JPY remains downtrend but is about to form a bullish harami candle pattern, suggesting an upward correction on the cards. USD/JPY Price Analysis: Once it clears 129.50, it could rally towards 131.57 before turning neutral. USD/JPY slumps in a choppy New York trading session and edges beneath 130.00 after a round of US economic data, […]
Remains firm around 0.9210 after hitting a high shy of 0.9240
USD/CHF is downward biased but subject to a mean reversion move towards 0.9300. Solid resistance lies at 0.9235/40, with the confluence of technical indicators rejecting the USD/CHF rally. USD/CHF Price Analysis: Bulls are hopeful if the pair remains above 0.9158. After slumping on Wednesday, the USD/CHF stages a comeback recovering the 0.9200 psychological level, eyeing […]