Gold Price Breaks Support But Uptrend Intact – Here’s Why

AUDUSD rebounds from its lowest level since November Price jumps above descending trendline to test 200-day SMA Momentum indicators improve but remain in negative zones AUDUSD had been in a constant decline after peaking at 0.6870 in December, breaking below both its 50- and 200-day simple moving averages (SMAs). Nevertheless, the pair managed to find its […]

Markets US yields softened going into the weekend as a poor manufacturing ISM triggered a short squeeze. Today, the calendar was almost empty. However, with several key events/data scheduled later this week, markets didn’t draw any firm conclusions from Friday’s repositioning. In technical trade, US yields even reverse a big part of Friday’s setback, adding […]

EUR/GBP – strong three day rally (the cross was up 2.1%) started to lose traction after hitting fresh high of nearly three months on Monday (0.8596). Overbought daily studies warn of partial profit taking following steep ascend, which will mark positioning for fresh push higher. Broken 200DMA offers initial support at 0.8558), followed by more […]