The US dollar is recovering as the risk appetite cools slightly in the American session. Nonetheless, US stock futures are heading to new all-time highs today, while yields remain steady. Looking forward to seeing the dollar continue its rebound trend shortly. The Canadian dollar is currently a stronger commodity currency, fueled by oil prices. The […]
Read moreGold (XAU/USD) traded on a sideways momentum through the early European session on Monday between the $1819 resistance and the $1808 support. The yellow metal appears to have attracted some dip-buyers over the past few hours and might build on Friday’s bullish recovery from its recent decline to a two-month low. However, the uptick lacked […]
Read moreEURUSD Price Analysis – February 8 The EURUSD pair rebounded on Friday, marking an end to 4 days in a row declines. The rebound comes after the price reversed near the lower horizontal line at the 1.1952 level. During today’s European session the EURUSD extended its decline in a range trading beneath the 1.2050 level […]
Read moreThe GBP/CHF traded on a sideways bias in the early European session on Monday, despite heavy demand for the Pound over the past few days. The British Pound is currently finding strong support from the recent Bank of England statement. On Thursday, the BoE’s Monetary Policy Committee (MPC) announced that it would leave its interest […]
Read moreXAGUSD Price Analysis – February 8 The white metal managed to recover some of the losses on Friday and has continued to rise during the European session on Monday. Silver (XAGUSD) is building on Friday’s rebound above $27.00 as the US dollar remains pressured while the $1.9T stimulus optimism favors the bulls. Key LevelsResistance Levels: […]
Read moreKey Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BullishThe Kiwi is fluctuating between levels 0.7100 and 0.7300. The market is in consolidation within a confined range. The price is characterized by small body indecisive candlesticks. The Kiwi has been trading marginally as buyers and sellers are undecided about […]
Read moreNEO Price Analysis – February 08 A further increase in the bears’ pressure may penetrate the two dynamic support level downside and decrease to $22 price level, it may extend to $19 and $15 levels. Bullish movement may continue in case the price could not break down dynamic support level and the resistance above the […]
Read moreXRP/USD Market February 08 When the bulls increase their momentum, $0.49 level may be penetrated upside and $0.62 – $0.73 levels may be reached. In case the bears prevail over the bulls, $0.39 may be penetrated and $0.28 – $0.21 may be tested. Key Levels: Resistance levels: $0.49, $0.62, $0.73 Support levels: $0.39, $0.28, $0.21 […]
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The UM finished last week very bearish breaking with a mid term bullish structure after rejecting the top of a range that has capped the MXN going lower against the USD. We´re looking to short this pair at the break of Friday´s lows / Last week´s lows with a tight stop above today´s highs. Think […]
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