Gold Price Talking Points The price of gold holds near the yearly-high ($1510) as the People’s Bank of China (PBoC) continues to weaken the Yuan reference rate, but the precious… Read more »
Australian Dollar Talking Points AUDUSD holds a narrow range as the Reserve Bank of Australia (RBA) sticks to the sidelines in August, but the ongoing turmoil between the US and… Read more »
USD/JPY seesaws near June month low amid oversold RSI conditions. Prices can slump to 105.30 on a downside break while having multiple upside barriers. Following its failure to rise beyond… Read more »
AUD/JPY takes a U-turn from seven-month-old support-line with RSI conditions being oversold. 23.6% Fibonacci retracement and June low can reappear during the extended pullback. The year 2016 bottom may stop… Read more »
AUD/JPY sellers struggle to ignore oversold RSI conditions, signaling a pullback to immediate resistances. 73.92/84 becomes a key support area in the case of further declines. Having slipped beneath 21-day… Read more »
British Pound Talking Points GBPUSD tumbles to a fresh yearly low (1.2156) ahead of the Bank of England (BoE) meeting on August 1, and current market conditions may produce a… Read more »
38.2% Fibonacci retracement of a month-old decline, overbought RSI question the EUR/JPY pair’s further upside. Latest low close to 120.7250 becomes immediate support to watch. EUR/JPY struggles around 38.2% Fibonacci… Read more »
The seven-day long descending trend-channel, 200-HMA act as strong resistances for AUD/JPY. RSI divergence also adds doubts to the quote’s recent recovery. The AUD/JPY pair’s latest recovery is likely to… Read more »
25-month old descending trend-line, forming part of a falling wedge, can limit GBP/USD declines amid oversold RSI conditions. 1.2580, 23.6% Fibonacci retracement limit immediate advances. Despite falling to the lowest… Read more »
AUD/JPY buyers can enter around mid-June top, 75.00 round-figure considering oversold RSI conditions. 4H 200MA, short-term falling trend-line seem nearby key resistances. Having dropped to the lowest levels in a… Read more »