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  EUR/CHF struggles to keep bounces off 1.0780/75 support confluence. 100 and 20-bar SMAs join the support line of short-term ascending trend channel to bar the bears’ entries. Multiple highs below the 1.0900 threshold challenge bulls. Bearish MACD, normal RSI suggest a continuation of the sluggish moves. EUR/CHF 1.0800 around seesaws during the pre-European trading Thursday. The pair pulled back with a seal 100 and 200 SMA bar and a support line of a sloping trend channel up from the September 17 However, failure to remain strong au above 1.0800 to keep hope sellers. However, sustainable trade below 1.0780 / 75 key support area of ​​the pair becomes necessary for the bears to take the inputs. Thereafter, 1.0745 and low of the month in September around 1.0725 may attract sellers EUR/CHF. On the other hand, 1.0820 and trend line downward 08 September near 1.0830, buyers can fathom before highlight the strength of the aforementioned channel, now at 1.0843. In most past 1.0843 upside ...

  Gold snaps two-day winning streak following its pullback from $1,899.38. 200-HMA offers immediate support ahead of the bearish pattern’s lower line. Bulls need a clear break beyond September 22 for confirmation. Gold prices bounce off an intraday low of $ 1892.72 to 1896.70 $ midst Wednesday Asian session. The yellow metal has fallen recently after the US presidential debate questioned the market sentiment. Technically, a corner three-day rise on the hourly chart holds the same hope for sellers as probes 200 HMA immediate drop. Therefore, the bears are waiting for a break of the $ 1891.80 support line to confirm the bearish graphic game, which can drag down the quote per month nearly 1.850 / $ 49. In doing so, 24 September high near $ 1 877 can then provide intermediate stop the start up in July near $ 1,818 may attract traders of gold below $ 1,849. Otherwise, a clear rebound level of $ 1894.60 200 HMA can then attack again $ 1,900 a confluence of 50% Fibonacci retracement of 18...

  EUR/JPY buyers attack 50-bar SMA after bouncing off the lowest since July 20. Short-term horizontal resistance, a falling trend line from September 10 adds to the upside barriers. Normal RSI conditions favor further recovery but bulls are probed by the key upside barriers. Sellers may look for entries below the monthly low. EUR / JPY recorded a small motion in turn intraday high of 123.17 early Tuesday. In doing so, the pair of SMA 50 bar confronts the middle normal conditions RSI. Considering Monday U-turn at the bottom of several days, buyers EUR / JPY is likely to cross the SMA immediate resistance around 123.15 / 20. Although a horizontal area since September 17, near 123.25 / 35, followed by a downward trend line of 13 days, currently around 123.50, after probe the bulls. In a case where EUR / JPY manages to cross 123.50 is the period before September 18th high near 124.30 can not be excluded. Otherwise, the threshold 123.0 and 122.60 can offer media near the pair during his...

  EUR/GBP struggles to keep recovery moves from 0.9100, drops for the fourth day in a row. MACD turns bearish for the first time in three weeks. The short-term symmetrical triangle restricts immediate moves. EUR / GBP prints small losses of 0.12% while remaining depressed around 0.9110 during the European trading pre-Monday. While a triangle formation since September 9 moves immediate issues of the pair, the MACD bearish signals for the sellers. Accordingly, a daily close below the triangle support line, currently around 0.9100 is needed to confirm the continued weakness in EUR / GBP. Thereafter, 50% and 61.8% Fibonacci retracement of early is upside respectively around 0.9075 and 0.9025, might like to bear before 0.8930 and a low monthly 0, 8866. In a case where the EUR / GBP retains its daily closing above the 21 EMA level 0.91118 days, intraday buyers can target 0.9145 / 50 resistance. However, a line of downtrend September 11, at 0.9190 now could keep them chained bulls thereaf...

  Here is what you need to know on Wednesday, September 23: This analysis powered by pipswin The US dollar continued to attract safe haven demand amid US-China tensions renewed and declining global economic recovery, as the resurgence of Europe and coronavirus rocked the UK. A tone of optimism hit by Fed policy makers and solid housing data in the United States offered additional legs to the rally greenback. Fed Chairman Jerome Powell said the economy is holding strong throughout the crisis while the president of the Chicago Fed Charles Evans noted that the central bank may raise interest rates until the inflation target using 2% is reached. The US-China tensions resurfaced once again after US President Donald Trump accused China again before the General Assembly of the United Nations, holding it responsible for having “loose” Covid-19 on the world . Asian stocks were a mixed bag, well supported by the rebound on Wall Street overnight. Futures on US stock traded with slight gains, ...

  GBP/JPY stays heavy for fourth consecutive day, nears lowest levels since July 01. The key Fibonacci retracement may offer intermediate moves but buyers are less likely to enter below 100-day SMA. June low is on the bears’ radars below the immediate stop beyond 133.00. This analysis powered by pipswin GBP / JPY slightly offered stay down to 133.98 during the pre-British opening Tuesday. In doing so, the pair of vendors catch a break from the lowest since early July amid oversold RSI conditions. Other than the indicator of momentum mentioned above, the increase Fibonacci retracement of 50% from March to September with GBP / JPY also probes bears around 133.35. Consequently, additional weakness quote is limited beyond retracement of key Fibonacci support, a break that will remember the low of June 131.76 Back to table . Rather, July 24 low near 135 may limit the short-term withdrawal of the pair. Although buyers are likely to remain cautious unless the testimony of a break of SMA 1...

  USD/CHF reverses Friday’s gains, stays offered below 0.9115. Three-day-old symmetrical triangle restricts the pair’s immediate moves. Bears may have to relinquish control considering the nearness to a multi-month low. This analysis powered by PipsWin. USD / CHF fell to 0.9097, down 0.20% on the day, during the pre-European session Monday. In doing so, the Swiss master takes the offer in a short term triangle in place since last Wednesday. With the final out of the resistance of the triangle, sellers target the 0.9085 support confluence, including the lower line of the technical model and 23.6% Fibonacci retracement level from September 08-10 down. However, on September 10 and below the monthly low respectively around 0.9050 and 0.9000, question vendors after pair. Alternatively, buyers seek fresh inputs beyond the resistance of the triangle at 0.9115 now, which could jeopardize 61.8% Fibonacci retracement level of 0.9142. Given the USD / CHF past 0.9142 dominance of bulls, the hi...

  Here’s what you need to know Friday, September 18: The US dollar retreats off the peaks, allowing other currencies and gold to recover while inventories were stable after several days of declines. US consumer confidence and more retail figures are also aligned a turbulent week draws to a close. The greenback gave ground, paring some of its gains from the Federal Reserve. The Fed signaled no rate hike in 2023, but refrained from offering a new immediate boost despite expressing concern about the prospects. This led to a fall in stock and demand for the dollar, moves now partially unwound. After retail sales in the US in August disappointed, the University of Michigan consumer confidence index for September preliminary outlines on purchases this month. the release of applications for unemployment benefits Thursday was mixed, but still showing a downward trend in applications. See United States Michigan Consumer Sentiment Preview September: A large dose of reality Gold is trading at...

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