Optimism in U.S. - China trade deal caused a selling pressure in the parity. United States Non-Farm Payrolls and ISM Non-Manufacturing PMI were above the expectations, thus, this downward pressure remained limited. Along with the recent purchases in response, if the parity stays above 19.1655 level, possible upward movements up to 19.2560 - 19.3565 resistance...
U.S. Dollar and Dollar index are strengthening in global markets, Euro assets are being suppressed in the Euro area, where there is limited data flow. Technically, the parity increased below 50-period weighted average and now, it is testing the ascending trend in this area. Later on, the parity, which we think is in a resting process, may have a desire to move in...
Although the US – China trade optimism caused a depreciation in safe-haven assets, the postponement of US-China Phase-1 Trade Deal, which was scheduled to be signed at the APEC summit in Chile, and China's demand to withdraw the additional $ 360 billion customs duties caused upward and cautious pricing in XAGUSD. In case, index stays above 17.95 support level, it...
We started the week with a pressure on Gold and the increased risk appetite in global markets. Optimistic statements of both sides about the US - China trade relations led to the selling pressure on the precious metal. Eventually the Chinese Foreign Ministry's announcement that an agreement will be reached with the U.S. in the interest of both countries, led to a...
Having reached the 38.2 Fibonacci retracement, the pair price is facing resistance there. As such the Canadian dollar might take the technical advantage and bring the price down to 1.4650 and then 1.4630.
The pair price fell over the uncertainties and conflicting remarks regarding the so-called Phase-1 Sino-US trade deal. The Japanese Yen's gains may push the price further down towards 74.00 that roughly corresponds with the 38.2 Fibonacci retracement.
The pair is taking another plunge as the euro loses over bad data. In technical terms, however, the drop in the common currency might stop after reaching 1.7320. From there we might witness a rise towards 1.7350 and then 1.7400. Still above 1.7420 at the 23.60 Fibonacci retracement must be watched.
The Parliament's decision to hold early elections on December 12 has relieved the pressure on the pound. The pair price is rising towards 1.8800. If the price persists there, it will get out of the triangle and aim for 1.8850, roughly corresponding to the 23.6 Fibonacci retracement level.
Canadian dollar continues its now week-long rise ahead of the BoC monetary policy meeting. In technical terms, the increase might face strong resistance at 0.7635 and then 0.7645. A return however from the current pricing should take us down to 0.7600 and then 0.7575.
The euro continues its slow rise along the EMA line towards the 38.2 Fibonacci retracement. In the light of the rise in pricing 1.1025, at yesterday's top and then 1.1050 must be followed. Further up, 1.1065 at the said Fibo line provides strong resistance.
The pair price is heading down towards the EMA line below the 38.2 pct Fibonacci retracement. If the strength in the Japanese yen extends, then we will watch 120.00 at around the said Fibo level and then 119.80 should be watched.
Selling pressure is increasing in Cable. With the rise of early election rumors in the UK and the increase in the dollar index, the selling pressure on the parity is accelerating. 1.2875 level maintains its position as the support for the continuation of the current decrease and if the decrease reaches below this area, 1.2800 level will be on our radar....
It has not been possible for DAX to exceed the upper band. Increasing with the optimistic Brexit expectations, German Stock Index started to lose its acceleration. In case the current sales pressure stays below 12750 level, 12690 and 12620 areas may be in question. On the other hand, if we observe an upward movement, 12820 and 12885 levels will be on our radar as...
Crude oil continues to hover around the same levels. Increases in commodity find it difficult to exceed the 54.00 area, while 53.30 level, with its characteristic of support, at the current sales pressure will be on our radar. If the decrease reaches below this area, 52.80 and 52.40 areas will be on our radar. In possible upward movements, we will continue to...
The Aussie is holding up a stable trade against the Kiwi in the past several sessions as the week starts. In the current formation, we will be watching 1.0715 and then 1.0700 for support, both below the 23.6 Fibonacci retracement. If the price sees a rise, then 1.0750 must be followed.
A three-day selling pressure goes on in the euro-nzd pair. If it accelerates, we will watch 1.7350 and later 1.7300 for support.
The Swiss franc's rise against the japanese yen is extending into a third week now with almost zero interruptions in daily terms. The yen continued to lose steam over the September drop in Japanese exports. Looking at the chart, 110.85 will a crucial point if the rise continues. But before reaching there, we should watch the 110.50 line.
The pair price has broken the bearish flag with a continued downward tendency. We expect the price to resume its fall as low as 14.70 as long as it persists below the 61.8 Fibonacci.