Daily Market News by Xtreamforex.com

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  1. #371
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    Default Eur/usd: Bears need fuel, bulls need 1.1840 breakout

    Daily Market News by Xtreamforex.com
    Generally, EUR/USD is moving downwards. As of late, EUR/USD bounced down from the critical resistance of 1.18. At present, EUR/USD is climbing towards the vital degree of 1.18. Its next support zone is at 1.16300 and the following resistance zone is at 1.18200. The EUR/USD pair is posting lower lows consistently, and the close term picture is as yet negative. The more extended moving midpoints keep up with their negative slants well over the more limited ones, while specialized markers unite inside adverse levels. The pair needs to recuperate past 1.1840 to disregard the negative position, very impossible in front of the ECB’s financial approach choice on Thursday. Search for selling chances of EUR/USD on the off chance that it ricochets down from the critical resistance of 1.18.

    GBP/USD Price Analysis: Recovery stays dicey under 200-DMA

    Generally, GBP/USD is moving downwards. As of late, GBP/USD moved lower into the support zone of 1.36000. Given the little separation from the key help and an absence of pattern inversion recommending impetuses, the statement is probably going to broaden the south-run towards the yearly low of 1.3451. Notwithstanding, September 2020 high close to 1.3480 can offer a middle-end throughout the fall while crisp selling could occur beneath the most recent low, additionally prodded in February encompassing 1.3570-65. At present, GBP/USD is skipping off the support zone of 1.36000 and the following resistance zone is at 1.38000. Search for transient buying chances of GBP/USD.

    USD/CAD gets offers to revive intraday high, manages earlier day’s losses.

    In general, USD/CAD is moving upwards. As of late, USD/CAD broke beneath the vital resistance of 1.27. USD/CAD’s next support zone is at 1.26100 and the following resistance zone is at 1.28500. USD/CAD bulls retake controls, reviving intraday high to 1.2691 amid early Wednesday. The Loonie pair snapped a three-day upturn on Tuesday before as of late ricocheting off 21-SMA. In any case, a reasonable break of 1.2730 will empower the USD/CAD bulls to invigorate the month-to-month high past 1.2800. On the other hand, a disadvantage break of the 21-SMA level of 1.2675 will be tested by the expressed support line close to 1.2655 and the early-month top encompassing 1.2590. Search for momentary selling chances of USD/CAD.

    XAUUSD surrounds $1800 on reestablished USD strength

    Gold cost is posting little losses, heading for a trial of the $1800 mark after the bulla neglected to support at more significant levels once more. A new Gold’s unpredictability is probably going to get if the value breaks out of the level reach that appears to have shaped between $1,790 (100-day SMA, 20-day SMA) and $1,825 (200-day SMA). An everyday close over the resistance region is probably going to open the entryway for extra gains toward $1,835 (50-day SMA). On the other side, $1,770 (Fibonacci 61.8% retracement of April-June upturn) adjusts as the following objective beneath $1,790 with $1,800 pickup in the interest for the US dollar in all cases, despite a further developed market temperament, burdens the gold cost.

  2. #372
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    Default Eur/usd: Impending passing cross prods bears around 1.1800 on ecb day

    Generally speaking, EUR/USD is moving downwards. As of late, EUR/USD bounced down from the critical degree of 1.18. EUR/USD’s next support zone is at 1.16300 and the following resistance zone is at 1.18200. On the off chance that the ECB conveys a hopeful tone on how the new approach will be advantageous, search for momentary buying chances of EUR/USD on the off chance that it breaks the resistance zone of 1.18200. EUR/USD’s next support zone is at 1.16300 and the following resistance zone is at 1.18200. If the ECB conveys an idealistic tone on how the new approach will be gainful, search for momentary buying chances of EUR/USD if it breaks the resistance zone of 1.18200.

    GBP/USD guards 1.3700 regardless of Covid, Brexit jitters

    Generally speaking, GBP/USD is moving downwards. As of late, GBP/USD bounced off the support zone of 1.36000. The GBP/USD pair clutches intraday gains, exchanging close to its day-by-day high. In any case, its bullish potential is restricted. The 4-hour diagram shows that it remains over a negative 20 SMA, while specialized pointers are losing their bullish strength around their midlines. Bank of England council part Broadbent will be talking later at 1630 (GMT+8). During this time, there might be volatility in GBP. As of now, GBP/USD is trying to break over the critical resistance of 1.37. Its next support zone is at 1.36000 and the following resistance zone is at 1.38000. Search for momentary buying chances of GBP/USD on the off chance that it breaks over the critical resistance of 1.37.

    USD/CAD slides underneath mid-1.2600s, new meeting lows

    Generally, USD/CAD is moving upwards. As of late, USD/CAD broke the support zone of 1.26100. The USD/CAD pair broadened its intraday retracement slide and dropped to new day-by-day lows, beneath mid-1.2600s during the early North American meeting. The USD/CAD has been in a 6.85% assembly since it lined around the 1.20 back in May and with the USD revitalizing after the Fed alluded to 2 rate climbs before the finish of 2023 shorting here. As of now, USD/CAD is moving towards the resistance zone of 1.26100 and the following support zone is at 1.24500. Search for momentary selling chances of USD/CAD if it bounces off the resistance zone of 1.26100.

    AUD/USD recovers 0.7350 in the midst of further developing business sector disposition

    AUD/USD remains compelled around intraday low, down 0.18% on a day close 0.7345, amid Thursday’s Asian meeting. In doing as such, the Aussie pair turns around Wednesday’s recuperation moves from the yearly low as the (COVID-19) diseases hop in Australia. Generally speaking, AUD/USD is moving downwards. At present, AUD/USD is trying the support zone of 0.73300 and the following resistance zone is at 0.75000. Search for momentary selling chances of AUD/USD if it breaks the support zone of 0.73300. Until remaining beneath 0.7410-15 flat region involving August–September 2020 tops and early July lows, AUD/USD bears stay coordinated towards October high of 0.7244.

  3. #373
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    Default Eur/usd: Seesaws inside a month to month falling wedge underneath 1.1800

    The EUR/USD pair trades at the lower end of its week after week range, negative in the close to term. The 4-hour diagram shows that the pair planned to break over the top of the relative channel that guides cost since June. The pair beat around a somewhat negative 100 SMA, presently creating beneath the entirety of its moving midpoints. Specialized pointers solidify inside bad levels, slanting the danger to the drawback without affirming another leg south. EUR/USD is moving downwards. As of late, EUR/USD bounced off the resistance zone of 1.18200. Right now, EUR/USD is moving towards the following resistance zone of 1.18200 and the following support zone is at 1.16300. Search for selling chances of EUR/USD if it dismisses the resistance zone of 1.18200. Despite a pullback from a 3-1/multi month top, the greenback finished the day higher against a larger part of its friends in hectic trades on Thursday on hosed hazard hunger. Euro fell no matter how you look at it on ECB’s hesitant hold.

    GBP/USD stays coordinated to 1.3830 resistance conversion

    By and large, GBP/USD is moving downwards. As of late, GBP/USD broke over the vital resistance of 1.37. Pound/dollar has left oversold conditions as per the Relative Strength Index on the four-hour diagram. Notwithstanding, that monstrous bounceback has still left the cash pair beneath the 50 and 100 Simple Moving Averages and energy to the disadvantage. Bears are as yet in charge. Some support anticipates at 1.3730, the late-June low. It is trailed by 1.3670, the messed up twofold base, and afterward by 1.3620, 1.3595 lastly 1.3570. Some resistance is at the everyday high of 1.3758, trailed by 1.38, a support line from last week. Further up, 1.3860 and 1.39 anticipate the bulls. Right now, GBP/USD is moving towards the resistance zone of 1.38000 and the following support zone is at 1.36000. Search for momentary buying chances of GBP/USD if it breaks the resistance zone of 1.38000.

    USD/CAD Price Analysis: Sellers assault 13-day-old support close 1.2550

    Generally, USD/CAD is moving upwards.USD/CAD’s next support zone is at 1.24500 and the following resistance zone is at 1.26100. Search for temporary selling chances of USD/CAD. USD/CAD keeps pullback from 50-SMA around 1.2560 during a dull Friday morning in Asia. In doing as such, the significant money pair stays between the 50-SMA and 100-SMA as bears fight a vertical slanting pattern line from July 06. As the RSI line holds lower ground, the most recent shortcoming in costs may win for somewhat more. Additionally going about as a boundary toward the north is Tuesday’s base near 1.2675 and Wednesday’s top of 1.2730, a supported break of which could invigorate the month-to-month high of 1.2807.

    USD/JPY rectifying with possibilities of potential gain continuation

    In general, USD/JPY is moving downwards.USD/JPY’s next support zone is at 108.500 and the following resistance zone is at 110.800. Search for transient buying chances of USD/JPY. According to a specialized perspective, the USD/JPY pair is impartial to bullish. The 4-hour diagram shows that it continues creating between moving midpoints, with the 20 SMA progressing unobtrusively underneath the current level and the 100 SMA covering propels in the 110.40 locales. Specialized markers clutch positive levels, with restricted vertical strength. The pair needs to break above 110.45 to affirm another leg higher, which could reach out past 111.00.

  4. #374
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    Default Eur/usd recovers 1.1800 imprints amid usd weakness

    In general, EUR/USD is moving downwards. As of late, EUR/USD moved into the resistance zone of 1.18200. The EUR/USD pair floats around 1.1800 in front of the Asian opening and has space to expand its development. The 4-hour outline shows that it is right now a modest bunch of pips over the top of a day-by-day relative channel coming from June 25, while buyers protected the disadvantage around a somewhat bullish 20 SMA. Then again, negative 100 SMA restricted the potential gain. Specialized markers had lost directional strength subsequent to entering a positive area, showing that purchasers are as yet hesitant to add. At present, EUR/USD is trying the resistance zone of 1.18200 and the following support zone is at 1.16300. Search for selling chances of EUR/USD on the off chance that it dismisses the resistance zone of 1.18200.

    GBP/USD edges higher past 1.3800 as Coronavirus idealism fights Brexit hardships

    Generally speaking, GBP/USD is going across. As of late, GBP/USD moved up into the resistance zone of 1.38000. According to a specialized perspective, the GBP/USD pair is nonpartisan to-bullish. The 4-hour graph shows that it has expanded its development over a level 100 SMA after consistently discovering purchasers on ways to deal with a bullish 20 SMA. Specialized pointers ease inside certain levels, with the RSI holding close overbought readings however the Momentum moving toward its midline. The bullish case will firm upon a break above 1.3840, the prompt resistance level. Presently, GBP/USD is trying the resistance zone of 1.38000 and the following support zone is at 1.36000. Look for buying chances of GBP/USD if it breaks the resistance zone of 1.38000.

    USD/CAD Price Analysis: Remains pressured towards 1.2500

    Generally, USD/CAD is moving upwards. As of late, USD/CAD dismissed the resistance zone of 1.26100. USD/CAD stays discouraged close 1.2540, down 0.08% intraday, amid the underlying Asian meeting exchanging on Tuesday. The Loonie pair invigorated multi-week low the earlier day while extending the earlier day’s U-abandon 200-DMA. In any case, any further disadvantage past 1.2490 will require approval from the last month’s top encompassing 1.2485, a break of which should coordinate the pair vendors toward May’s high approach 1.2350.USD/CAD’s next support zone is at 1.24500 and the following resistance zone is at 1.26100. Search for momentary selling chances of USD/CAD.

    AUD/USD stays firmer towards 0.7400 on Covid concerns

    Generally speaking, AUD/USD is moving downwards. As of late, AUD/USD bounced off the support zone of 0.73300. Regardless of beating a three-week-old resistance line, presently support, around 0.7360, AUD/USD bulls need to cross 0.7440 obstacles, containing 21-DMA and a sliding pattern line from June 11, to retake the controls. As of now, AUD/USD is climbing towards the vital resistance of 0.74. Its next support zone is at 0.73300 and the following resistance zone is at 0.75000. Search for transient buying chances of AUD/USD if it breaks over the vital resistance of 0.74.

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    Default Eur/usd: Bulls knock the door ahead of fed

    in ro ham eslah kon:
    EUR/USD acquired almost 40 pips yesterday to close approach 1.1800. Notwithstanding, the pair appears to not be able to pass the 1.1800 resistance zone and indeed trading lower at 1.1780. The 1.1800 is going about as a solid resistance region while different supports are available at 1.1822 and 1.1839. The intraday support levels are at 1.1766 and 1.1742. On the intraday diagrams, the cost dropped from the SMA-14 resistance line which is at 1.1805. The SMA-50 is demonstrating resistance at 1.1983. The mid-Bollinger band is at 1.1815 while the upper and lower groups are at 1.1884 and 1.1747 individually. The RSI is at 39 and demonstrates a further negative move. Following the intraday value design and breaking down the close-by resistance zones the pair is ideal for selling sections.

    GBP/USD bounces back toward 1.3900 as USD debilitates

    The GBP/USD pair could continue progressing in the impending meetings, as it unites just beneath the 1.3900 figure.GBP/USD has indeed dipped under the 1.3800 checks and is at present exchanging at 1.3776. The intraday support levels are at 1.3762 and 1.3738. The intraday resistance levels are at 1.3812 and 1.3836. On the intraday graphs, the previous bullish energy is by all accounts disappearing as the pair is presently moving underneath the SMA-14 which is at 1.3772. The GBP/USD pair could continue progressing in the impending meetings, as it merges just underneath the 1.3900 figure. In the 4-hour diagram, the pair has progressed most importantly of its moving midpoints interestingly since mid-May, with the 200 SMA heading lower and offering gentle help at around 1.3860.

    USD/CAD Price Analysis: Drops back below 1.2600

    USD/CAD stretches out pullback from 1.2604 to revive intraday low close 1.2590, down 0.08% on a day, amid Wednesday’s Asian meeting. The loonie pair rose the most in seven days the earlier day prior to taking a U-abandon 1.2604. Nonetheless, an even locale containing numerous lows set apart since July 21 limits the statement’s further shortcoming around 1.2530-25. On the other hand, a vertical slanting opposition line from July 21, around 1.2635, goes about as an additional transient obstacle toward the north of the 1.2600 round figure. Regardless of whether the USD/CAD buyers figure out how to cross the 1.2635 resistance line, a seven-day-old plummeting pattern line close to 1.2685 offers an extra test for them.

    XAU/USD claims $1,800 mark ahead of the Fed

    Presently, gold is exchanging a bit beneath the 100-day SMA at $1,800 and merchants are probably going to stay in charge except if the value figures out how to hold reliably over that level. On the drawback, $1,790 (July 23 low) adjusts as the following objective in front of $1,775 (Fibonacci 61.8 retracement of April-June upturn). Then again, $1,820 (200-day SMA) adjusts as key resistance before $1,830/$1,833 region (Fibonacci 38.2% retracement, 50-day SMA).The gold value remains forced inside a sideways channel after neglecting to break into the earlier day’s resistance between $1,808/12 convincingly nor the help inside the $1,790s. Nonetheless, XAU/USD is around 0.2% higher on the day up until now and has moved between a low of $1,793 and a high of $1,805.29.

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