AUD/JPY appears to be reversing course ahead of the monthly high (98.61) as it no longer trades within the confines of an ascending channel.
AUD/JPY Rate Outlook
AUD/JPY breaks below channel support following the failed attempts to test the 2022 high (98.77), with a close below the 97.40 (61.8% Fibonacci extension) to 97.90 23.6% Fibonacci extension) region...
The price of gold trades to a fresh monthly high ($2044) as it rallies for the fourth consecutive day.
Gold Price Outlook
The price of gold may attempt to test the yearly high ($2082) as it carves a series of higher highs and lows, and a move above 70 in the Relative Strength Index (RSI) is likely to be accompanied by a further advance in bullion like the...
USD/CHF extends the series of lower highs and lows from last week to breach the September low (0.8796).
USD/CHF Rate Outlook
At the same time, the Relative Strength Index (RSI) approaches oversold territory as USD/CHF registers a fresh monthly low (0.8794), with a move below 30 in the oscillator likely to be accompanied by a further decline in the exchange...
BTC/USD consolidates following the failed attempts to close above $37770 (78.6% Fibonacci extension), but Bitcoin may attempt to break out of the monthly range as an ascending triangle appears to be taking shape.
BTC/USD Outlook
BTC/USD may stage another rally as it seems to be trading within the confines of a continuation pattern, with a close above $37770...
GBP/JPY appears to have reversed ahead of the November 2015 high (188.81) as it extends the series of lower highs and lows from last week.
GBP/JPY Outlook
GBP/JPY continues to pullback from a fresh yearly high (188.29) after failing to push the Relative Strength Index (RSI) above 70, and the bullish momentum may continue to abate as the oscillator moves away...
The price of gold appears to have reversed ahead of the 50-Day SMA ($1927) as it extends the recent series of higher highs and lows to register a fresh weekly high ($1988).
Gold Price Outlook
The price of gold climbs above the $1973 (78.6% Fibonacci retracement) to $1977 (50% Fibonacci extension) region to approach the monthly high ($2004), with a breach above...
USD/CHF clears the October low (0.8888) after failing to retrace the decline from the monthly high (0.9113), and the exchange rate may continue to give back the advance from the September low (0.8796) as it extends the series of lower highs and lows from earlier this week.
USD/CHF Rate Outlook
USD/CHF may no longer respond to the positive slope in the 50-Day...
GBP/JPY registers a fresh yearly high (188.29) as it stages a three-day rally, with the advance in the exchange rate pushing the Relative Strength Index (RSI) towards overbought territory.
GBP/JPY Outlook
GBP/JPY approaches the November 2015 high (188.81) as it carves a series of higher highs and lows, with a break/close above the 189.00 (38.2% Fibonacci...
ETH/USD consolidates after taking out the April high ($2133) while the Relative Strength Index (RSI) holds in overbought territory.
ETH/USD Outlook
ETH/USD struggles to extend the series of higher highs and lows from last week as it pulls back from a fresh yearly high ($2136), with a close below $2051 (50% Fibonacci extension) raising the scope for a move...
Gold and silver both turned positive after bond yields gave up their earlier gains. The US dollar also turned lower against most currencies. Investors are looking forward to key US data releases this week. On the evidence of today’s price action, they must be anticipating weaker data. If that’s the case, then it would further boost the “peak interest rates”...
The price of gold snaps the opening range for November as it extends the series of lower highs and lows from the start of the week.
Gold Price Outlook
The price of gold registers a fresh monthly low ($1945) after failing to clear the October high ($2009), with a break/close below $1937 (38.2% Fibonacci extension) raising the scope for a move towards the $1886...
AUD/JPY appears to be reversing ahead of the yearly high (97.67) as it snaps the series of higher highs and lows carried over from last week.
AUD/JPY Rate Outlook
AUD/JPY struggles to hold its ground after registering a fresh monthly high (97.60) earlier this week, and lack of momentum to break/close above the 97.40 (61.8% Fibonacci extension) to 97.90 (23.6%...
The price of oil takes out the August low ($77.59) after failing to defend the opening range for November.
Crude Oil Outlook
The price of oil trades to a fresh monthly low ($77.47) after struggling to close back above the $82.10 (50% Fibonacci retracement) to $82.60 (23.6% Fibonacci extension) region, with the move below $77.80 (23.6% Fibonacci retracement)...
GBP/JPY negates the threat of a head-and-shoulders formation as it climbs above the 50-Day SMA (182.90) to clear the September high (185.78).
GBP/JPY
GBP/JPY registers a fresh monthly high (185.97) as it carves a series of higher highs and lows, with a breach above the August high (186.77) bringing the November 2015 high (188.81) on the radar.
However,...
BTC/USD extends the advance from the start of the week to register a fresh yearly high ($35956).
BTC/USD Outlook
BTC/USD stages a three-week rally to keep the Relative Strength Index (RSI) above 70, and the overbought reading in the oscillator is likely to be accompanied by a further advance in Bitcoin like the price action from earlier this year.
A...
The opening range for November is in focus for the price of gold as it snaps the series of higher highs and lows form last week, while the Relative Strength Index (RSI) falls below 70 to indicate a textbook sell-signal.
Gold Price Outlook
The near-term breakout in the price of gold trades appears to have stalled ahead of $2018 (61.8% Fibonacci retracement) as...
USD/CHF extends the rebound from a fresh monthly low (0.8974) to trade back above the 50-Day SMA (0.8974).
USD/CHF Rate Outlook
It remains to be seen if USD/CHF carves will track the positive slope in the moving average as it carves a series of higher highs and lows following the failed attempt to break/close below the 0.8890 (38.2% Fibonacci retracement) to...
GBP/USD trades back below the 50-Day SMA (183.15) after failing to clear the monthly high (183.82), and the exchange rate may struggle to retain the advance from the monthly low (178.10) as a head-and-shoulders formation appears to be taking shape.
GBP/JPY Outlook
GBP/JPY seems to be trading within a defined range as it struggles to push above 183.90 (50%...
