The USD/CAD has been persistently bearish as seen in the 4H chart trading in a declining channel. The RSI has been held under 60 and has been able to tag 30, reflecting the continuous bearish momentum. As we gear up for the 2/7 US trading …
The USD/CAD has been persistently bearish as seen in the 4H chart trading in a declining channel. The RSI has been held under 60 and has been able to tag 30, reflecting the continuous bearish momentum. As we gear up for the 2/7 US trading …
The first layer of significant support lines up at 1305.40. Daily Chart – Created Using FXCM Marketscope 2.0 CRUDE OIL – Prices recovered from resistance-turned-supportat top of a falling channel set from mid-November to retest the broken …
Channel top resistance is now at 1339.90. 8hr Chart – Created Using FXCM Marketscope 2.0 CRUDE OIL – Prices continue to consolidate above support at 97.70, with the first layer of resistance still at 101.28. A break lower exposes resistance …
A break below the latter boundary exposes 1285.90. 8hr Chart – Created Using FXCM Marketscope 2.0 CRUDE OIL – Prices continue to consolidate above support at 97.70, with the first layer of resistance still at 101.28. A break lower exposes …
Friday’s data concludes the week with the Trade Balance (-47M). The chart for NZD/USD shows resistance at 0.8080 and 0.8242. On the downside, technical support is expected at 0.7979/96, 0.7864, and 0.7650. GBP The upcoming UK economic calendar …
Initial support stands at 1265.30, while a daily close above 1292.90 exposes 1305.40. Daily Chart – Created Using FXCM Marketscope 2.0 CRUDE OIL – Unchanged from yesterday: “Prices remain locked between support at 101.28 and resistance at …
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EURUSD’s bounce from 1.2858 extended to as high as 1.3076. Further rise is still possible later today, and the target would be at the upper line of the price channel on 4-hour chart. Key resistance is at 1.3196, as long as this level holds …
15 Dec EUR/AUD Daily 22:55 GMT – Bears are finding strong support at 1.2957 and currently reversing from this week’s low of 1.2960 and eyeing higher resistance at 1.3157 ahead of the consolidative high of 1.3230. Only a sustained move above …
“A failure to respect the double top attempt opens up further upside. Looking at the daily chart and considering that it has been range-bound, the upside is limited to 1.39, where the market is likely to meet the projected triangle resistance.