EUR/USD Likely Approaching Bullish Break

Key Highlights The Euro recovered recently and traded above the 1.1350 resistance against the US Dollar. There is a major bullish trend line formed with support at 1.1350 on the 4-hours chart of EUR/USD. The Chinese CPI in Nov 2018 increased 2.2% (YoY), less than the forecast of 2.4%. Today, the German Trade Balance for Oct 2018 will be released, which is forecast...
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EUR/USD Decline is Trend Change or Correction?

Key Highlights The Euro made a short-term top near 1.1960 and started a downside move versus the US Dollar. EURUSD broke a key bullish trend line at 1.1840 on the 4-hours chart, but does that mean a change in trend? Chinese Consumer Price Index in Nov 2017 increased by 1.7% compared with the +1.8% forecast. Chinese Producer Price Index in Nov 2017 jumped by 5.8%, ...
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EUR/USD – Euro Failed Near Important Resistance Vs US Dollar

Key Highlights The Euro after an upside move faced sellers near 1.1880 against the US Dollar. A crucial bearish trend line with resistance at 1.1870 on the 4-hours chart of EUR/USD prevented gains. China’s Consumer Price Index in Sep 2017 increased 0.5% (MoM), more than the +0.4% forecast. The yearly change in the Chinese CPI was +1.6%, just as the market foreca...
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EUR/USD – Euro Remains In Crucial Uptrend Vs US Dollar

Key Highlights The Euro climbed to 1.2092 this past week against the US Dollar before starting a correction. There is a crucial bullish trend line with support at 1.1960 forming on the 4-hours chart of EUR/USD. China’s Consumer Price Index increased 0.4% in August 2017 (MoM), more than the forecast of +0.3%. China’s Producer Price Index increased 6.3% in Augus...
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NZDUSD – Can New Zealand Dollar Break 0.7040 Resistance?

Key Highlights The New Zealand dollar managed to climb higher recently against the US Dollar, but faced sellers near 0.7040. There is an expanding triangle pattern formed on the 4-hours chart of NZDUSD with resistance near 0.7040. Today in China, the Consumer Price Index released by the National Bureau of Statistics of China posted a rise of 0.2% in Dec 2016, compare...
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Gold Price Daily Chart Suggest Support Formation

Gold Price Daily Chart Suggest Support Formation Key Highlights There was a solid decline in Gold price against the US Dollar, taking it below the $1200 support area. The price recently traded a few points below the $1160 level before starting a consolidation. Today in China, the Consumer Price Index released by the National Bureau of Statistics of China posted a ri...
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Gold Price May Correct Lower Versus US Dollar?

Gold Price May Correct Lower Versus US Dollar? Key Highlights Gold price rocketed higher this week against the US Dollar, as the latter one weakened recently. The upside in Gold was stopped near a major resistance trend line on the 4-hours chart. Today in China, the Consumer Price Index was released by the National Bureau of Statistics of China. The forecast was ...
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