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"Gold prices dropped from $1227 on Friday to $1202 per ounce on Monday which was slightly above the top end of the $1190 price zone. Could it be possible Monday’s price action was the secondary reaction we were looking for? Possibly, but be mindful that it may still be coming. Therefore, the door is still open for a rejection between current levels and $1291 which may lead to a sell off towards $1167-$1190 per ounce." "The bottom line is ...
US Dollar Forecast – Dollar: What Will It Take to Recharge Momentum in the Coming Week? A retreat through Friday left the USDollar with limited gains on the week. Nevertheless, the Greenback will head into the new trading week with tangible gains against the Euro and Pound – two of its most liquid counterparts. British Pound Forecast - Brexit Deal Could Bring a Bid to GBP Dominating the headlines for the foreseeable future ...
US Dollar Forecast – US Dollar in Danger of Further Losses – Here are the Key Risks The US Dollar tumbled for the second straight week against the Japanese Yen and other major counterparts in a volatile week for global markets. Japanese Yen Forecast - It’s the Bank of Japan versus the Rest of the World It’s been quite the week for the Yen, and taking a step back, it’s been quite the two-week stretch for the Japanese currency. ...
GBPUSD intra-day price (M5 timeframe) broke key support level for 100 pips lower during the NFP news events: "The GBPUSD is currently rebounding off its daily lows after declining during today’s NFP (Non-Farm Payrolls) event. NFP figures were expected to be released at +190k; however, these expectations were missed with a total of 151k. Initially major pairs declined against the US Dollar. As seen above, the GBP/USD is still trading ...
D1 price is located to be above yearly Central Pivot at 1.3157 for the primary bullish market condition: The price is on ranging within Central PP at 1.3157 and R1 Pivot at 1.4670;Ascending triangle pattern was formed by the price to be crossed to above for the bullish trend to be continuing;"The USD/CAD is attempting to breakout to a higher high this morning, potentially ending the range bound conditions that have been developing for the last five trading periods. Today’s ...
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