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 gains ahead. The AUD/USD pair has declined gradually below 0.7100 after printing a high of 0.7135 on Thursday. The asset has tumbled after sensing exhaustion… Read More »
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, which will strengthen the oil bulls. West Texas Intermediate (WTI), futures on NYMEX, is displaying back and forth moves in a narrow range of $90.68-91.34… Read More »
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 200-EMA is still untouched, however, the upside momentum warrants a break of the same. The EUR/GBP pair is displaying wild swings as investors are reshuffling… Read More »
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) will trigger the downside momentum. The USD/CHF pair is displaying topsy-turvy moves after dropping below the critical support of 0.9560 on Monday. Broadly, the asset… Read More »
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 the 200-EMA firmly. The AUD/USD pair is displaying a time correction after a perpendicular upside move to near the psychological resistance of 0.7000. Earlier, the… Read More »
