Direction: Bearish
Suggestion: Sell at 0.7140, target at 0.7050, stop at 0.7165.
The Aussie dollar is being offered as a mortgage rate hike by a major Australian bank is seen accentuating the housing market slowdown and force the RBA to cut rates.
From the daily chart, we can see the pair is runing on its bearish since the middle of this week. With the MACD...
Direction: in daily chart at bullish
Pivot: 1.1400
For the buying side, buy at 1.1367 with target at 1.1406, stop at 1.1340.
For the selling side, sell at 1.1400 with target at 1.1370. stop at 1.1431.
conment from analyst Jimmy: The daily chart of MACD moving slowly towards bullish.
GBP/USD continues to trade within the 1.2600 range, lifting to 1.2680 in early Wednesday trading, suffering a hit and sliding to 1.2600 after UK inflation slumped to a two-year low with annualized CPI clocking in at 2.3%.
After the FOMC decision, the GBP/USD pair lost little ground, now trading around 1.2625, offering a neutral-to-bearish stance in the short...
GBP/USD continues to trade with softer tones in the Asian market window as investor sentiment remains apprehensive leading into Friday's London opening bell.
The GBP/USD pair trades above the daily ascendant trend line coming from November monthly high, but still below its weekly high of 1.2839, with a modestly positive tone in the 4 hours chart, as it has also...
USD/JPY extends its bearish momentum and eyes a break below the 113 handle amid the sell-off in the Treasury yields and a rally in the Chinese Yuan, The US benchmark 10-year Treasury yields breached the 200-DMA for the first time since November 2017.
At press time, the USD/JPY pair is trading at a four-day low of 113.29 - down 0.33 percent on the day - having...
The GBP/USD is bumping into the 1.2880 region after Thursday's mid-day announcement of a flurry of Brexit deals saw the Cable surging over 1.2% into a new weekly high of 1.2927 before bedding back down just shy of the 1.2900 major technical
level.The GBP/USD pair holds on to gains ahead of the Asian opening, but the upward potential seems well limited according...