Technical analysis - Page 428

EURAUD reversed from support zone Further gains are likely EURAUD recently reversed up from the support zone lying between the key support level 1.6060 (low of the previous wave (iv)) and the 38.2% Fibonacci correction of the previous sharp upward.

Brent Crude Oil broke resistance level 80.00 Further gains are likely Brent Crude Oil recently broke through the strong, multi-month resistance level 80.00 – which has been reversing the price from the middle of May (as can be seen below)..

Despite the expansion of tariffs between China and the United States, global markets remain positive. MSCI Asia ex Japan adds 0.7% this morning; Hong Kong’s Heng Seng increases by 1.1%, although China announced the introduction of 5-10%-tariffs for the U.S..

EURUSD EURUSD is trading near 1.1420, losing 0.2% from the beginning of the day after an impressive growth on Friday from 1.1370 to 1.1440. The growth on Friday was largely associated with upward correction after a strong decline. According to.

ECB keeps interest rates, QE parameters, and forward guidance unchanged, reiterating the intention to keep rates at this level at least until summer 2019. During the press conference, ECB President noted the “steady and wide” economic growth of the euro.

The New Zealand Dollar (NZD) remains under pressure this week with the resumption of the US-China trade war headlines. The NZD did put in a recovery as China refrained from retaliating immediately to the latest round of US tariffs of.

The GBPJPY pair has tested resistance at 148.805 overnight and was sold down to the 147.945 level after US President Trump reportedly said that there would be no trade deal between the US and UK unless the UK made a.

The EURAUD pair is consolidating around the 1.58000 level using its 50 DMA and the 1.56962 level as support and its 1.58888 level as resistance. These levels set the range for traders and a break out can develop into a.

The US Dollar has been advancing ahead of the CPI report today which is expected to show the headline rate edge up to 2.9% year-on-year. The US preparing an additional $200bln of tariffs on Chinese imports caused some risk aversion.

The metal has plunged lower to support at 1240.00 yesterday after retracing last month’s decline to the 1265.80 level. The 1240.00 area was the target for the double top from 1365.30 and it would appear that sellers are taking profit.

The EURGBP pair is in an uptrend on the daily since the 17th of April and the low created at 0.86203. The price has eked out higher highs and lows and advanced to Monday’s high at 0.89000. A break above.

The Bank of Canada (BOC) is expected to raise its interest rate today for the first time in six months due to stronger economic data. The market will focus on the accompanying quarterly monetary policy report for any additional forward.