Technical Analysis
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Chart of The Day – Bitcoin
Bitcoin continues to consolidate near record highs above $109,000. The market’s enthusiasm is driven by Bitcoin’s growing popularity among institutions…
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Trade of The Day – GBP/USD
Facts:GBPUSD broke below the lower limit of 1:1 structure at 1.3483The pair is trading below 100-period moving average from H1…
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EUR/JPY Breaks below 163.50, support appears near nine-day EMA
EUR/JPY could target a six-month high of 165.21 once it returns to the ascending channel. The 14-day RSI moves above…
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JPY remains on the back foot against mildly positive USD
The Japanese Yen attracts some intraday sellers on Wednesday, though it lacks follow-through. Reports that Japan will take action to…
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GBP/USD Keeps bullish vibe, first upside target emerges above 1.3550
GBP/USD weakens to near 1.3480 in Wednesday’s early Asian session. The positive view of the pair prevails above the key…
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AUD remains tepid as US Dollar rises ahead of FOMC Meeting Minutes
The Australian Dollar depreciates as the US Dollar extends its gains on Wednesday. Australia’s Monthly Consumer Price Index remained steady…
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Gold price seems vulnerable below $3,300 amid modest USD strength
Gold price turns lower following an Asian session uptick amid some follow-through USD buying. A positive risk tone further undermines…
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DAX Nears ATH Despite Poor Automakers Sales
European automaker shares declined Tuesday following disappointing regional car sales data showing drops in new registrations across major markets including…
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Trade of The Day – AUD/USD
Facts:AUDUSD is trading in an upward trend from 16th of mayThe pair bounced off the key support at 0.6465 Recommendation: Trade:…
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US Dollar Index Hovers around 99.00, with a persistent bearish bias
The US Dollar finds primary support at the lower boundary of the descending channel around 98.70. Technical analysis indicates a…
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