Category: Range
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Gold Technical Analysis – We remain stuck in the range
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Basic Overview Markets were waiting for the US non-farm payrolls report for a clear signal of a 25 or 50 basis point rate cut at the upcoming FOMC meeting, but instead we got a mixed report with some better details. As a result, the odds of a 50bp rate cut…
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Chart Art: EUR/NZD Long-Term Range Support
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After being rejected at the long-term resistance level, the EUR/NZD pair now appears to be focused on testing support. Will the floor hold up again? Take a look at these turning points that I watch for on the daily time frame: EUR/NZD Daily Currency Pair Chart by TradingView A combination…
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Chart Art: EUR/NZD Long-Term Range Support
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After being rejected at the long-term resistance level, the EUR/NZD pair now appears to be focused on testing support. Will the floor hold up again? Take a look at these turning points that I watch for on the daily time frame: EUR/NZD Daily Currency Pair Chart by TradingView A combination…
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Bitcoin Price To ‘Chop’ Around This Range Until Q4, Analysts Say
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Opeyemi is a skilled writer and passionate about the exciting and unique world of cryptocurrencies. Although the digital asset industry was not his first choice, he has been fully drawn to it since he entered the field over two years ago. Now, Opeyemi prides himself on creating unique pieces that…
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Bitcoin Price To ‘Chop’ Around This Range Until Q4, Analysts Say
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Opeyemi is a skilled writer and passionate about the exciting and unique world of cryptocurrencies. Although the digital asset industry was not his first choice, he has been fully drawn to it since he entered the field over two years ago. Now, Opeyemi prides himself on creating unique pieces that…
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Markets will remain range bound until November elections: Wells Fargo By Investing.com
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Wells Fargo analysts believe the U.S. stock market is likely to remain rangebound until the November election. The bank said the pound, which recently fell 9.7% from its July peak to its August low, was now stuck between key support and resistance levels. Wells Fargo describes this as “no man’s…
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Bitcoin price stuck in range as 2 charts signal big breakout
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Bitcoin price remained in a narrow range on August 19, continuing a consolidation phase that lasted for about two weeks. Bitcoin (BTC) was trading at $58,000, contributing to a 2.2% decline in the global cryptocurrency market cap, bringing it down to $2.06 trillion. Bitcoin continues to consolidate The unspectacular price…
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Bitcoin price stuck in range as 2 charts signal big breakout
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Bitcoin price remained in a narrow range on August 19, continuing a consolidation phase that lasted for about two weeks. Bitcoin (BTC) was trading at $58,000, contributing to a 2.2% decline in the global cryptocurrency market cap, bringing it down to $2.06 trillion. Bitcoin continues to consolidate The unspectacular price…
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Inflation in Israel rises back above target range
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Israel’s consumer price index rose 0.6% in July, slightly above expectations. In the 12 months to the end of July 2024, the inflation rate rose to 3.2% from 2.9% at the end of June, according to figures released by the Central Bureau of Statistics today. As a result, inflation rose…
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RBI’s firm grip to keep rupee anchored in narrow range: Reuters poll By Reuters
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By Anant Chandak and Vivek Mishra BENGALURU (Reuters) – The outlook for the Indian rupee is little changed from last month as interventions by the Reserve Bank of India keep the currency, considered expensive compared to peers, in a narrow range, a Reuters poll of foreign exchange analysts showed. A…
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USD/CAD closes in on the top of the multi-year range
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The old saying goes that if the United States catches a cold, Canada catches the flu. The market is certainly sending warning signals about the US economy with yields falling, but the USD/CAD pair has yet to make a decisive move. But that moment may not be far away as…
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ForexLive Asia-Pacific FX news wrap: Yen swings again, more than a big figure range
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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US inflation (PCE) data due imminently – here is the critical range to watch
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I posted this during the Asian time zone, and I’m repeating it here. Before I do that, check this out: — The core personal spending data is due at 0830 ET and is the focus of attention. You can see the median estimates below in the table. The ranges for…
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Next Most “Hated” Range Will Be Between $75,000 And $95,000
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After the concerns that prevailed earlier this week, Bitcoin has rebounded sharply in spot market prices. At the time of writing, the value of the world’s most valuable currency is up 20% from its lows in July 2024. Given the rally since July 25, there is a high chance that…
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US data focus for Tuesday – June 2024 retail sales – the range of expectations to watch
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On Tuesday at 12:30 GMT, or 08:30 EST, we will get retail sales for June 2024. Consensus forecasts are shown in the table below. This image is taken from ForexLive’s economic data calendar, You can access it here.. As for the ranges, for monthly retail sales: Data results that fall…
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Chart Art: Spot Gold (XAU/USD) Is Trading Near The Top Of A Long-term Range!
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The overall weakness of the US dollar helped push spot gold prices to multi-week highs. Is the technical resistance level a trigger for a downtrend in the commodity? Or will we see a launch in the next few days? Gold (XAU/USD) 4 hours Chart by TradingView In case you missed…
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As Powell’s testimony goes on, the USDCAD is stuck in an up and down range.
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The USDCAD currency pair has been trading in an up and down range for the past few days. Yesterday’s low was 1.36238. Today’s high was 1.3647. That’s not much movement. It is within the range of its 100-day moving average between the levels at 1.36369, and the price has been…
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USD/CAD bounces from the range low after soft Canadian jobs report. What’s next
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USD/CAD Daily The Canadian dollar fell after the unemployment rate rose in June to 6.4% from 6.2%. The market had expected it to rise slightly to 6.3% but the economy lost 1,400 jobs in the month and signs of weakness have mounted. That’s why the recent drop in USD/CAD could…
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USDCAD moves down toward low of multi-week range ahead of jobs reports on Friday
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The USD/CAD pair continued its downward movement today on the back of lower interest rates and weaker US data. Technically, the price moved below the 100 and 200-bar moving averages on the 4-hour chart yesterday, and remained below those moving averages in the early Asian session today, before moving lower…
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Rupee to trade in narrowest range in about 30 years on RBI’s actions: Reuters poll By Reuters
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Written by Anant Chandak BENGALURU (Reuters) – The Indian rupee will trade in its narrowest range in nearly three decades next year as the Reserve Bank of India continues to maintain a tight grip on currency movements, a Reuters poll showed. While most emerging market currencies have underperformed against the…