Silver extended upside movement on Thursday, for the 8th day in a row as bulls gain momentum. The white metal is expected to test the key resistance area in the near future, an upside breakout through trendline resistance could open doors for a stronger bullish momentum, targeting the $22 [Read more...]
The Australian Dollar (AUD) extended upside movement against the US Dollar (USD) on Tuesday, increasing the price of AUD/USD to more than 0.9360. The sentiment remains extremely bullish as the pair survived a key support area in the recent correction phase. The pair is now threatening the [Read more...]
Gold extended upside movement on Friday after rising broadly yesterday in the wake of downbeat US jobless claims report. The precious metal might hold a tight range today before the release of nonfarm payrolls and US unemployment rate figures later in the US session. The sentiment remains [Read more...]
USD/CAD faces rejection ahead of the 1.1000 handle after a major bullish reversal earlier this week. The sentiment remains extremely bullish due to Higher Low (HL) in the recent correction phase. Moreover, the double bottom price pattern is also keeping the pair under bullish momentum, eyeing [Read more...]
The Euro extended downside movement against the US Dollar this week, dragging the EUR/USD to less than 1.3600 ahead of the European Central Bank (ECB) monetary policy announcement in which the policymakers are expected to announce some unconventional policy instruments. The sentiment remains [Read more...]
The US Dollar (USD) continued skyrocket movement against the Swiss Franc this week, increasing the price of USD/CHF to more than 0.8970. The Sentiment remains bullish due to Higher Low (HL) in the recent downward wave. The pair has also broken the neckline of the double bottom price pattern, [Read more...]
The New Zealand Dollar (NZD) extended downside movement against the greenback yesterday, dragging the NZD/USD to less than 0.8480 amid US growth optimism and Reserve Bank of New Zealand (RBNZ) monetary policy outlook. The sentiment also turns to bearish due to Lower Low (LL) on the daily chart. [Read more...]
Gold extended downside movement on Tuesday following a bearish inside bar breakout, breaking the daily triangle formation. A daily closing below the lower trendline of the triangle will validate a deeper correction towards the $1234 support area. The long term sentiment however remains positive [Read more...]
Silver continued to trade within a tight range, holding off the daily triangle formation following an upbeat China manufacturing report and Federal Open Market Committee (FOMC) minutes. The sentiment remains bullish due to Higher High (HH) in the recent upward rally. Technical Analysis As of [Read more...]
USD/CAD extended upside movement on Thursday after finding support around the long term trendline. The Sentiment remains bearish due to Lower Low (LL) on the daily chart. A break above 1.1052 would expose initially the 1.1274 resistance area. Technical Analysis As of this writing, the pair is [Read more...]