Share: USD/MXN remains sidelined after reversing from weekly top. Doji candlestick below the key DMA confluence lures Mexican Peso buyers. Downbeat oscillators, four-month-old bearish channel keeps...
Share: NZD/USD pares the biggest daily gains in six weeks within fortnight-old descending trend channel. Disappointing prints of New Zealand Building Permits for July recall Kiwi...
Share: GBP/JPY picks up bids to reverse the previous day’s retreat from weekly top. Three-week-old ascending support line puts a floor under the prices. 50-SMA, multiple...
Share: USD/JPY takes offers to extend the previous day’s retreat from two-week high. Two-month-old horizontal support zone, key EMA confluence bears challenge. RSI’s retreat from overbought...
Share: GBP/USD holds lower grounds at two-week low after declining in the last seven consecutive days. Clear downside break of multi-day-old ascending trend line, downbeat oscillators...
Share: The S&P 500 added 0.69% last week but closed well off intra-week highs. Last week set up a bearish evening star doji pattern on the...
Share: EUR/USD stays defensive at the lowest levels in eight days after snapping three-week uptrend. Three-month-old horizontal support zone challenges Euro sellers as MACD signals suggest...
Share: AUD/USD bounces off one-week-old descending support line after posting the first weekly loss in three. RSI’s rebound from oversold territory adds strength to Aussie pair’s...
Share: GBP/USD remains indecisive after posting the biggest weekly loss in six months. Cable pair sees between 100-EMA and 200-EMA as oscillators fade bearish bias. The...
Share: USD/CAD remains indecisive, struggles to extend previous day’s rebound from weekly low. Bullish chart formation needs validation from Canada Retail Sales for June. Convergence of...
Share: AUD/USD slides below 50-EMA, fortnight-old support line to lure sellers. Downbeat oscillators, trend line break direct Aussie bears towards convergence of 200-EMA, 38.2% Fibonacci retracement....
Share: GBP/USD reverses from one-week low, snaps four-day losing streak. Bullish candlestick, U-turn from key support confluence and RSI’s rebound from oversold territory favor Cable bulls....
Share: GBP/USD plunged after the release of inflation figures in the United Kingdom (UK), extending its losses during the North American session, briefly touching the 20-day...
Share: AUD/USD takes offers to refresh intraday low, prints four-day downtrend to renew weekly bottom. Clear downside break of one-month-old horizontal support, bearish MACD signals favor...
Share: AUD/NZD drops 40 pips even as New Zealand Q2 CPI defends RBNZ status quo. New Zealand Q2 CPI eases to 1.1% QoQ, 6.0% YoY. Overbought...
Share: USD/CHF remains on the back foot at the lowest levels since January 2015. Oversold RSI prods Swiss Franc pair sellers within seven-month-old falling trend channel....
Share: USD/CAD remains on the back foot at its lowest level in 10 months, licking its wounds after a three-day downtrend. Convergence of 25-month-old rising support...
Share: The Dow Jones Industrial Average gained 1.56% in the first two trading sessions this week. DJIA futures rise 0.1% on Wednesday morning. The CPI data...
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Share: Harmonic Weekly Resistance Holding Firm I wanted to return to Tesla (TSLA) today, a stock I featured in this week’s Weekly Market Insight. As you...
Share: Today’s instrument is Levi Strauss, an apparel company, traded on the NYSE exchange under the ticker LEVI. Looking at the Levi’s chartswe can see that...