USDJPY range breakdown on traders’ radar
The USDJPY pair has finally dared to exit its familiar tight trading range. Following yesterday’s dip below the 20-daily moving average that acted as the key short-term support, the dollar accelerated the...
Oil prices failed to extend gains. Further loses ahead?
Crude oil prices dipped on Thursday following another rejection from local highs around $43.50. This region represents a fairly strong intermediate resistance that triggered pullbacks earlier this month. Today, Brent extended losses...
Euro’s short-term bullishness in question
The euro climbed to nearly one-month highs around 1.1370 earlier in the day on Thursday. However, the pair encountered some offers in this area and gave up intraday gains in recent trading....
Gold at fresh multi-year highs, striking a target of $1,800
Gold prices resumed the ascent after a short-lived pause seen last week. The bullion is on the rise since the start of the week, having reached the $1,800 psychological level on Wednesday....
Bitcoin struggles to make a decisive breakout
Bitcoin price extends its consolidation marginally below the 50-daily moving average that continues to cap the upside potential for over two weeks already. Despite BTCUSD stays afloat, the pair struggled to make...
USDJPY rallies but stays range-bound
USDJPY jumped aggressively on Tuesday but failed to break out of the familiar range. The pair remains stuck between the 20- and 100-daily moving averages that act as support and resistance, respectively....
Oil prices up but the bullish potential is limited
Oil prices started the week on a strong footing, buoyed by widespread investor optimism as market participants shrugged off coronavirus-related concerns even as the number of cases continued to rise in some...
EURUSD: narrowing range could trigger a breakthrough
EURUSD has been trading in a narrowing range these days, trading marginally above the 1.12 handle on Friday. Yesterday, the common currency failed to challenge the 1.13 barrier and retreated amid profit-taking,...
Gold: downside risks still limited despite vaccine hopes
Gold prices struggle for direction on Thursday despite a broad-based weakness in the US dollar as positive risk sentiment caps safe0haven demand for the precious metal. Yesterday, the bullion briefly refreshed multi-year...
Bitcoin needs to overcome $9,300 resistance
Bitcoin price is marginally lower on Thursday, struggling for direction these days as trading volumes have been muted. There is a stiff resistance level around $9,300 that caps bullish attempts in BTCUSD....
