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Dow Jones 30 (US 30) index eases after hitting 5-month high; remains bullish in its outlook. Dow Jones 30 index has been in a flying mode in the past four consecutive days, creating a new more than a five-month high of 25691.10. The upward pattern started at the late of March, however,
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USD/MXN trades around 3½-month low; medium-term outlook mostly bearish. USD/MXN has lost 12.0% of its value after reaching a one-and-a-half-year high of 20.9544 in mid-June. The pair is currently trading not far above the three-and-a-half-month low of 18.3993 hit on Tuesday. The RSI, which is in bearish territory below 50, is projecting
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EUR/JPY tumbles near a 1-month low; could weaken further. EUR/JPY has come under renewed selling pressure today after it found resistance at the 129.46 level. The price tumbled below the 20-simple moving average (SMA) in the 4-hour chart, indicating further losses. The technical indicators are confirming the strong bearish bias. Looking at
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AUD/USD remains in a sideways channel; bearish outlook in the medium-term. AUD/USD has been struggling within a consolidation area during the last seven weeks with upper boundary the 0.7475 resistance level and lower boundary the 18-month low of 0.7310. Furthermore, the pair successfully surpassed the 20- and 40-simple moving averages (SMAs) in
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AUD/JPY stands in the middle of a medium-term sideways channel. AUD/JPY is trading in the middle of the trading range with upper boundary the 84.50 resistance level and lower boundary the 80.60 support, which has been holding since February 14. Also, the price stands within the 20- and 40-simple moving averages (SMAs) in the
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GBP/USD pares some losses but still holds near 11-month low. GBP/USD had been in a falling mode over the previous three days as it posted a fresh 11-month low of 1.2919. The rally brought the pair below the 20- and 40-simple moving averages (SMA) and near the lower Bollinger Band in
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As was widely expected RBA remained on hold, keeping interest rates at +1.50%. The accompanying statement had a neutral to dovish tone, keeping the same arguments more or less as in the previous decision. Dovish comments included that wages growth remains low and that headline CPI rate to be lower
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GBP/CHF trades near 5-month low; bearish correction in progress. GBP/CHF recorded an aggressive bearish rally following the pullback on the 1.3270 resistance level, posting a five-month low of 1.2886 on Monday. Since the previous week, the pair is on the backfoot and the technical indicators suggest that the marker could ease
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Gold holds above 17-month low; could weaken further in the near-term. Gold posted a fresh 17-month low of 1204.36 last Friday, but now it is trading slightly higher from this bottom. The aggressive sell-off continues after the bounce off the short-term falling trend line and the 20- and 40-simple moving averages in the
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EUR/USD stands in consolidation mode; further losses are expected. EUR/USD has been underperforming in the past four days, breaking back below the 20- and 40-simple moving averages in the daily timeframe. The world’s most traded currency is ready to create a consolidation area if it touches again the 1.1510 – 1.1530
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