LimitMarkets

LimitMarkets

As the pair price comes down, 1.4635 at the 38.3 Fibo retracement seems to be the first major support line the move faces. If we see below the line and then the price persists, it may go for 1.4620 that roughly corresponds with the 200EMA on the 4h chart.

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More hopeful signs on the prospects of a Sino-US trade deal is driving investors away from the safe-haven assets to the riskier ones. As the yen loses ground, the euro is attempting to make the pair break the 38.2 Fibonacci retracement that has so far successfully resisted the upward price moves. If it is broken, we will follow 120.20 and later 120.30.

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The Euro is likely to push the pair price further down if pricing breaks down and persists below the 61.8 Fibonacci retracement at 1.6240. The lower targets that can be followed in that case are 1.6200 and then 1.6160.

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The loonie-yen pair price is making a comeback from the lower band of the ascending channel. The pricing is climbing back towards 82.00. Still upwards, 82.40 can be followed.

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UK pound is back rising against the Aussie after hitting the proximity of ascending channel's lower band. As pricing goes up 1.9000 and later 1.9080 should be designated as resistance levels.

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The kiwi is gaining against the loonie as oil prices fall over fears of a demand slump due to continued trade disputes between the US and China. As the New Zealand Dollar rise we might see a turn from 0.8510. In the following fall, 0.8430 and then 0.8400 can be watched.

LimitMarkets

The euro is following another rise in the straight channel with a rising tendency. As the upwards pricing goes on, we should first follow 1.1000 level. A continuation to the rise should help the price test 1.1030 before it tries to reach for 1.1050.

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The Swiss franc makes gains over a risk-off mood in the world markets due to worries surrounding the protracted Sino-US trade war and bad Chinese data. The Aussie itself is being pushed down by expectations of a rate cut next year. As the pair price goes lower, 0.6685 and 0.6660 can be tested.

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The Japanese yen keeps a path of gains as the Sino-US trade war remains unresolved and anti-Communist protests in Hong Kong intensifies in violence. The euro saw now major change after the German economy dodged a recession in the year's 3rd quarter with a GDP figure of 0.1 percent. The pair price resumes its downward trajectory towards the lower line of the more...

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The US dollar pushes back against the surprise jump the Kiwi saw after the RBNZ left the rates unchanged at 1.00 percent. The pair price has entered into and continues a correction to that move. A potential acceleration to the fall could take us back to 0.6350 and later 0.6330 where at the lower line of the slightly straight channel where the upwards move started.

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The Canadian dollar continues to lose ground the its US counterpart as oil markets see dropping prices due to rising uncertainty around a potential US-China trade deal. The pair price is within range to strike 1.3300 in the vicinity of the 50 pct Fibo line.

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Ahead of President Trump's speech at the Economic Club of New York, the rand keeps getting hits. The pair price suppressed by the US dollar slides down to 14.7700. An acceleration in the drop, could land the pair at 14.7200 slightly above the 23.6 Fibonacci retracement.

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The New Zealand dollar is being pushed by the UK pound as the pair price is perfectly stalled on the 23.6 percent Fibonacci retracement. As the pound, having found a boost due to Farage's decision not to field candidates against PM Johnson's Conservatives, pushes down, we will follow 2.0215. If the move downwards accelerates 2.0100 near the lower band of the...

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The common currency is struggling on Tuesday. However pieces of good news for the EU automotive industry from the US as the Trump administration prepares to postpone the long-threatened tariffs as Australia battles with bushfires is likely to push the pair price back onto its medium-term upwards trajectory. After testing the lower target of 1.6100, we might see a...

LimitMarkets

Europe's common currency is struggling on Tuesday but its medium-term correction goes on against the Aussie. Although the price seems to be aiming for 1.6100, we might see a bounce back. In that case, the recent top at 1.6140 and then 1.6160 levels should be followed. Onwards up, 1.6200 in the vicinity of the 50 percent Fibonacci retracement will come into focus...

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The parity retreated in the channel pricing and it is recovering by taking reaction from the trend and by the help of the decrease in USD index. In the continuation of the pricing of the parity, which we think will end soon, if 1.2870 level, which is the 50-period simple moving average marking the upper barrier of the channel, is exceeded, the desire to increase...

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Recent comments on the U.S. – China trade relations, increased the risk appetite in the global markets and led to the selling movements in Gold. Turning towards the descending channel pricing with the latest selling movements, the precious metal is trying to find support at $ 1481. If this level is also broken downwards, the selling pressure might increase its...

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Drawing a descending wedge pattern due to the pessimistic movements, Bitcoin is now located above the short-term 200-period weighted average. Getting ready to break the wedge in this area, BTCUSD may reach $ 10 000, if it exceeds $ 9 500, which will be on our radar as an intermediate resistance level. As a result, it will possibly complete the pattern. As long as...