Gold Starts Correction: Is The Rally Cooling Off?

AUDUSD hit three-week low on Monday after recovery attempts overnight were short-lived and bears regained full control. The pair remains in a steep downtrend for the sixth straight day and retraced so far 61.8% of 0.6575/0.6798 rally. Last week’s 1.3% fall left large bearish candle (the first week in red after five consecutive weeks of […]

Key Highlights USD/JPY extended losses and traded below the 145.00 level. It traded below a key bullish trend line with support at 144.80 on the 4-hour chart. EUR/USD is attempting a fresh increase above the 1.1100 resistance. Oil prices are consolidating losses near the $69.50 level. USD/JPY Technical Analysis The US Dollar failed to climb […]

AUDUSD in the green again today, above the 50-day SMA The bullish tendency manifesting since the April low persists Momentum indicators mostly mixed; stochastics could send a bullish signal AUDUSD is recording another green candle as the market appears to be relieved that Fed Chairman Powell did not mention rate hikes as a viable policy […]