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- The Euro (EUR) is weighed down by the weak Eurozone economic data, the dovish European Central Bank (ECB), and the political and fiscal risks in the region. The Eurozone inflation remains well below the ECB's target of 2%, while the growth outlook is clouded by the Covid-19 variants, the energy crisis, and the supply chain disruptions. The ECB is expected to...

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- The index is overbought, as indicated by the RSI (14) indicator, which is above 70 and diverging from the price action. This suggests that the buyers are losing momentum and the sellers are gaining strength. - The index is forming a bearish divergence with the MACD (12, 26, 9) indicator, which is making lower highs while the price is making higher highs. This...

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- The pair is overbought, as indicated by the RSI (14) indicator, which is above 70 and diverging from the price action. This suggests that the buyers are losing momentum and the sellers are gaining strength. - The pair is forming a bearish divergence with the MACD (12, 26, 9) indicator, which is making lower highs while the price is making higher highs. This...

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The USD/ZAR pair has been in a strong uptrend since July 2023, breaking above the resistance level of 18.00 and reaching a four-month high of 19.10 on October 9, 2023. The pair is supported by the rising 50-day and 200-day moving averages, which indicate a positive momentum and a long-term bullish trend. The pair is also trading above the upper boundary of the...

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The USD/NOK pair is currently facing some *support* near the 10.7500 level, which coincides with the 61.8% Fibonacci retracement of the last major upswing from 9.5385 to 11.2836. This level could provide some temporary relief for the pair, as some buyers may step in to take advantage of the lower prices USD/NOK (USDNOK=X) Live Rate, Chart & News - Yahoo Finance....

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Price has failed to past and rejected 0.6050 and going down

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he EURNZD pair is currently in a *neutral* trend, as the moving averages and oscillators are mixed¹². However, some technical indicators suggest a possible *bullish* breakout in the near future, as the pair has been testing the resistance level of *1.7588¹²³. If the pair can break above this level, it may open the door for further upside potential towards the next...

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 the USDJPY pair is in a strong downtrend on the daily timeframe, as indicated by the lower highs and lower lows. The pair is trading below all the major moving averages, which act as dynamic resistance levels. The technical indicators are also showing bearish signals, such as a negative MACD, a low RSI, and a sell signal from the stochastic oscillator

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the pair has recently broken down the support line of the rising channel and approached the 200-day moving average line at around 19.2734. This indicates a possible reversal of the uptrend and a bearish outlook for the pair in the short term

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- The US Nonfarm Payrolls data for September came in better than expected, showing a solid job growth of 194K and a drop in the unemployment rate to 4.8%. However, the US dollar failed to sustain its gains and reversed lower against most of its rivals. - The Canadian employment report for September also surprised to the upside, revealing a net addition of 157K...

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The pair is overbought, as it is trading near the upper Bollinger band and its stochastic oscillator is above 80

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the Nikkei 225 index seems to have a bullish bias in the short term, as it has recently broken above a resistance level at around 30,000 points and is approaching its 200-day moving average at around 31,000 points. The index has also formed a bullish inverted head-and-shoulders pattern on the four-hour time frame, which suggests a potential upside target of...

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The RSI is above 50, indicating that the momentum is shifting to the bullish side. The stochastic oscillator is above 70, indicating that the index is overbought and may be due for a pullback. The MACD has crossed above its signal line, generating a bullish crossover signal. The CCI is above 100, indicating that the index is in a strong uptrend. Moreover, the...

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If the Canadian dollar strengthens against the US dollar and the Australian dollar weakens due to lower iron ore prices, then AUDCAD could fall

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gold is nearing the end of a falling wedge pattern, which could signal a bullish reversal if it breaks out to the upside³

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Some analysts have a bullish outlook for silver, citing the softening US economic data and the potential for inflation as catalysts for higher demand

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The H4 chart shows that the pair is overbought, as the RSI indicator is above 70 and the Stochastic indicator is above 80. This suggests that the pair may face some selling pressure or a correction in the near future

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The pair has been in a downtrend since reaching a high of 1.9970 in August 2022, but it has found some support at the psychological level of 1.9000. The pair has also formed a bearish flag pattern on the daily chart, which suggests a possible continuation of the downtrend if the lower trendline is broken