Share: Bullish-engulfing candlestick pattern on the daily chart suggests buyers are in control. The first major resistance at 1.3600, followed by several key levels up to 1.3804. Downside risks include a drop below 1.3489, potentially targeting the 200-DMA at 1.3462 and the 50-DMA at 1.3345. The Canadian Dollar (CAD) losses ground against the
Share: Nonfarm Payrolls for August provided data showing Fed may not require more hikes. NVDA stock has been forming Japanese candlestick doji patterns late this week that demonstrate uncertainty among bulls. Intel’s Gaudi 2 chip is being called a competitor to Nvidia’s H100. Samsung signs deal to begin supply high bandwidth memory chips
Share: EUR/JPY takes offers to refresh intraday high while reversing from multi-year high. Nine-week-old ascending resistance line restricts immediate upside amid sluggish MACD. Convergence of 10-DMA, monthly support line joins upbeat RSI to keep buyers hopeful. Upbeat Eurozone CPI, HICP data for August can bolster hawkish bias about ECB and restore upside. EUR/JPY
Share: GBP/USD prods one-month-old descending resistance line at weekly top. Looming bull cross on MACD, steady RSI joins higher high formation to favor Cable bulls. 50-DMA acts as additional upside filter for the Pound Sterling buyers to cross. Pullback needs validation from five-month-old horizontal support zone. GBP/USD buyers attack a downward-sloping resistance line
Share: Silver Price struggles with the key upside hurdle at monthly high. Descending resistance line from early May challenges XAG/USD bulls amid nearly overbought RSI (14) line. Clear upside break of four-month-old horizontal resistance area, bullish MACD signals favor Silver buyers. 100-DMA, key Fibonacci retracement levels can prod XAG/USD pullback. Silver Price (XAG/USD)
Share: The British Pound (GBP) stopped its free-fall on Monday against the US Dollar (USD) amidst a UK Summer Bank Holiday, which spurred choppy trading amongst most FX pairs during the overlap of the London-New York session. At the time of writing, the GBP/USD is trading at 1.2601, gaining 0.19%. Read More… The Pound Sterling
Share: EUR/USD holds ground due to the ECB’s support of a hawkish stance. The previous week’s low appears to be the support followed by the 1.0750 psychological level. Nine-day EMA emerges as the key barrier following the 14-day EMA at 1.0874 level. EUR/USD hovers above 1.0800 psychological level during the Asian session on Monday.
Share: Procter & Gamble (NYSE: PG) continues to capture investor attention following our previous video blog that illuminated a promising bullish trajectory for the company. Building upon those insights, this article delves deeper into PG’s mid-term prospects. By examining two Elliott Wave potential scenarios that could shape its near future, we aim to offer readers a
Share: EUR/JPY consolidates within the 157.00/158.50 range, with an upward bias influenced by ECB President Christine Lagarde’s hawkish tone on inflation. Technical indicators suggest a new trading range could form if the pair falls below 157.00, with key levels at August 3 low of 155.53 and August 23 low of 156.87. A breach