EUR/USD, “Euro vs US Dollar”

EUR/USD is trading at 1.1604; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s upside border at 1.1625 and then resume moving downwards to reach 1.1495. Another signal in favour of a further downtrend will be a rebound from the resistance level. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 1.1665. In this case, the pair may continue growing towards 1.1755. To confirm further decline, the asset must break the rising channel’s downside border and fix below 1.1535.

EURUSD

XAU/USD, “Gold vs US Dollar”

XAU/USD is trading at 1805.00; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1785.00 and then resume moving upwards to reach 1855.00. Another signal in favour of a further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 1765.00. In this case, the pair may continue falling towards 1735.00.

XAUUSD

NZD/USD, “New Zealand Dollar vs US Dollar”

NZD/USD is trading at 0.7175; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 0.7105 and then resume moving upwards to reach 0.7320. Another signal in favour of a further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 0.7025. In this case, the pair may continue falling towards 0.6935. To confirm further growth, the asset must break the descending channel’s upside border and fix above 0.7215.

NZDUSD

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Editors’ Picks

EUR/USD defends 1.1300 even as yields refresh 10-week low

EUR/USD remains sidelined near 1.1320 during early Thursday morning in Asia, following a mildly negative daily performance. The currency major’s latest moves disagree with the fall in the US Treasury yields and the market sentiment.

EUR/USD News

GBP/USD stays pressured towards 1.3155

GBP/USD holds lower grounds near 1.3280, retreating towards the yearly low during Thursday’s Asian session. Although the cable pair grinds above the 2021 bottom marked on Tuesday, descending RSI line and sustained trading below the short-term key support, now resistance, keeps bears hopeful.

GBP/USD News

Gold: 200-DMA tests the bulls despite softer yields, RSI divergence

Gold defends short-term key support despite multiple failures to cross the 200-DMA, easing to $1,780 during Thursday’s Asian session. The yellow metal snapped a two-day downtrend the previous day amid the US dollar pullback and softer yields.

Gold News

SafeMoon ready to bounce after 30% bearish fakeout

SafeMoon price action is nearly singular in its current behavior and structure. Very few, if any, significant altcoins have displayed the kind of price behavior SafeMoon has. SafeMoon price faced a strong sell-off during the early part of the Tuesday trading session, collapsing nearly 30% from the daily open of $0.0000030 to $0.0000023. 

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