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Tag: Momentum

AUD/USD Price Analysis: Bears keep reins below weekly resistance line around 0.6765
Forex News / Stock News

AUD/USD Price Analysis: A test of sacred 61.8% Fibo at 0.7050 looks imminent

August 12, 2022September 1, 2022 - by admin - Leave a Comment

A break of the consolidation formed in a 0.6869-0.7047 range strengthened the aussie bulls. An establishment above 61.8% Fibo retracement adds to the upside filters. Advancing 20-and 200-EMAs signal more …

AUD/USD Price Analysis: A test of sacred 61.8% Fibo at 0.7050 looks imminent Read More
WTI jumps to $96 mark as Saudi set to hike oil price to record
Forex News

WTI Price Analysis: Bulls struggle around 200-EMA, $92.00 a critical hurdle

August 11, 2022September 1, 2022 - by admin - Leave a Comment

The 200-period EMA is acting as a major barricade for the counter. A bullish flag formation adds to the upside filters. The RSI (14) is attempting a break above 60.00, …

WTI Price Analysis: Bulls struggle around 200-EMA, $92.00 a critical hurdle Read More
EUR/GBP Price Analysis: Stays defensive around 0.8520 above weekly support
Forex News

EUR/GBP Price Analysis: Eurozone bulls struggle around 50% Fibo at around 0.8460

August 10, 2022September 1, 2022 - by admin - Leave a Comment

A 50% Fibo retracement at 0.8463 is acting as a major barricade for the cross. An establishment in a bullish range (60.00-80.00) by the RSI (14) indicates bullish momentum. The …

EUR/GBP Price Analysis: Eurozone bulls struggle around 50% Fibo at around 0.8460 Read More
USD/CHF climbs to fresh multi-week high, around mid-0.9800s amid stronger USD
Forex News

USD/CHF Price Analysis: Lacks confidence above 0.9470-0.9500 demand zone

August 9, 2022September 1, 2022 - by admin - Leave a Comment

A Double Top formation near 200-EMA bolstered the downside gestures. Greenback bulls are lacking confidence above the demand zone placed around 0.9500. A drop below 40.00 by the RSI (14) …

USD/CHF Price Analysis: Lacks confidence above 0.9470-0.9500 demand zone Read More
AUD/USD moves away from over a two-year low, steadily climbs to mid-0.6700s
Forex News

AUD/USD Price Analysis: Witnesses a time correction after facing barricades around 0.7000

August 9, 2022September 1, 2022 - by admin - Leave a Comment

A Bullish Flag formation is hinting a continuation of the upside journey. The asset has entered into a time correction after facing long liquidations around 0.7000. Aussie bulls have established above …

AUD/USD Price Analysis: Witnesses a time correction after facing barricades around 0.7000 Read More

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