Technical Analysis
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USD/CAD Tests 1.3800 support after pulling back from nine-day EMA
The USD/CAD pair could retest the barrier at the six-month low of 1.3781. The pair is testing the psychological level…
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GBP/JPY Strengthens above 193.00, overbought RSI warrants caution for bulls
GBP/JPY gains ground to near 193.25 in Friday’s early European session. The positive bias of the cross prevails above the…
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Chart of The Day – NASDAQ100
The tech-heavy Nasdaq 100 index, represented by US100, exhibited mild gains on Friday following Thursday’s mixed earnings results from tech…
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XAU/USD struggles to capitalize on intraday uptick amid positive risk tone, ahead of US NFP report
Gold price gains positive traction and moves away from a two-week low set on Thursday. Subdued USD price action lends…
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Bitcoin, Ethereum, Ripple: BTC hits $97,000, ETH tests resistance, and XRP holds support
Bitcoin price extends its gains on Friday after breaking above the key resistance level of $95,000 the previous day. Ethereum…
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Chart of the Day – July Soybean Oil
The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, May 1,…
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XAU/USD edges higher as bears turn cautious ahead of the key US jobs data
Gold price gains positive traction and moves away from a two-week low set on Thursday. Subdued USD price action lends…
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XAG/USD recovers further from multi-week low, climbs above mid-$32.00s
Silver gains some positive traction and snaps a three-day losing streak to a multi-week low. The bearish technical supports prospects…
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JPY bounces off multi-week low against USD; lacks bullish conviction amid dovish BoJ
The Japanese Yen reverses an Asian session dip to a fresh multi-week low against the USD. The BoJ’s dovish outlook…
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AUD remains stronger as US Dollar struggles ahead of Nonfarm Payrolls
The Australian Dollar maintains its position despite a disappointing Retail Sales MoM for March. The AUD may come under pressure…
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