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Forex

Bitcoin Price Forecast: BTC/USD Slips to Monthly Low, Seeks Support

Posted by By 09/12/2020Posted inForex
Bitcoin fell beneath $18,000 for the first time since late November and tagged a new low for December in the process. While the technical outlook remains encouraging, risks to the…
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NZD/USD Rate Approaches Monthly Low as RSI Sell Signal Emerges

Posted by By 09/12/2020Posted inForex
NZD/USD approaches the monthly low (0.7006) as the RSI falls back from overbought territory, with the indicator offering a textbook sell signal.
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Canadian Dollar Outlook: Loonie at the Lows- USD/CAD Breakout Pending

Posted by By 09/12/2020Posted inForex
Canadian Dollar is carving a weekly opening-range just above support at multi-year lows. Here are the Loonie levels that matter on the USD/CAD technical charts.
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USD/ZAR Price Analysis: Rand Soars After Q3 GDP Beats Estimates

Posted by By 09/12/2020Posted inForex
USD/ZAR Breaks below key level of support following positive GDP Figures
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Euro Rate Forecast: Retracing Gains Ahead of ECB Meeting – Levels for EUR/USD, EUR/JPY Rates

Posted by By 09/12/2020Posted inForex
The Euro continues to give back some of its recent rally, but key technical levels suggesting that the bullish breakout attempts have failed have not been triggered.
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Canadian Dollar Outlook: USD/CAD Slides on BoC Rate Decision

Posted by By 09/12/2020Posted inForex
USD/CAD price action drops to fresh session lows as the Canadian Dollar strengthens in immediate response to the latest Bank of Canada interest rate decision.
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Gold Price Outlook Mired by Failed Attempt to Test 50-Day SMA

Posted by By 09/12/2020Posted inForex
The rebound in the price of gold appears to have stalled ahead of the 50-Day SMA ($1878) as bullion pulls back from a fresh monthly high ($1875).
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DAX 30 & CAC 40 Technical Outlook Remains Cautiously Bullish

Posted by By 09/12/2020Posted inForex
The DAX is still trying to push through resistance while the CAC consolidates; the benefit of the doubt remains with longs but caution warranted given lack of momentum.
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AUD/USD Upside Persists, NZD/USD Remains Overbought

Posted by By 09/12/2020Posted inForex
The two tedious and neverending narratives regarding Brexit and US fiscal stimulus talks continue to dictate sentiment
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USD/JPY Forecast: Yen Consolidates within Bearish Rectangle Pattern

Posted by By 09/12/2020Posted inForex
As we close out 2020, will the USD/JPY pair continue to consolidate or breakout of the rectangle pattern?
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