Sylvester Stephen Articles

        Gold
        20 hours ago

        Morning Market Update – XAU/USD

        Gold moved lower towards 1267.95 and found support, bouncing back from the levels after falling from the strong rally. Gold price eased to 1267.95 so far, after gaining some momentum to regain the peak in early trading, eyeing a cluster of supports below. Overall bullish structure sees 1278.16 resistance as an ideal reversal point before … Continue reading Morning Market Update – XAU/USD

        Morning Market Update – EUR/USD
        6 days ago

        Morning Market Update – EUR/USD

        Intraday bias in EUR/USD remains on the downside as the pair has been unable to close above 1.1770 short term top. At this point, we’d expect strong resistance to bring the price back below the resistance level. With resistance looking stronger and holding, there are signals indicating that the pair may see some correction. Otherwise, … Continue reading Morning Market Update – EUR/USD

        AUD/USD
        7 days ago

        Morning Market Update – AUD/USD

        AUD/USD‘s rally was reversed once the higher to 0.8001 was met and the pair declined towards 0.7870. Intraday bias remains on the upside at this point. Firm support of 0.7870 confirms resumption of a whole rebound from the bottom. In such case, AUD/USD would target projection of 0.79436 to at 0.7965 next. But near term … Continue reading Morning Market Update – AUD/USD

        GBP/USD
        8 days ago

        Morning Market Update – GBP/USD

        Intraday bias in GBP/USD remains on the upside for the moment. Current rally could target 1.3021 key resistance. But still, price actions from 1.2979 are viewed as a corrective pattern. Hence, we’ll look for topping the signal again around current levels. On the downside, below 1.2979 minor support will turn the bias neutral first. Considering … Continue reading Morning Market Update – GBP/USD

        Gold
        9 days ago

        Morning Market Update – XAU/USD

        Gold continues to trade negatively on the four-hour chart, but has reached a strong support area. Technically, a bounce back is likely because the resistance is located in the buyer’s territory. The price pattern maintains a bullish perspective after the breakout from the red descending area. If the support holds, we might be having a … Continue reading Morning Market Update – XAU/USD

        USD/JPY
        10 days ago

        Weekly Technical Outlook: USD/JPY; Market Forecasts for August 07th – August 11th

        Resistance level 112.217, 113.024, 113.529 Pivot Level 110.662 Support Level 110.032 Technical Analysis The USD/JPY pair closed the weekend trading above 110.66 levels after being in a down trend since march, and the pair gets a good support base. This reinforces the expectations of the pair moving towards the bullish bias from the downward movement … Continue reading Weekly Technical Outlook: USD/JPY; Market Forecasts for August 07th – August 11th

        AUD/USD
        10 days ago

        Morning Marke Update – AUD/USD

        AUD/USD dropped further from 0.797 last week, but formed a temporary low there and recovered later. Initial bias is neutral this week for consolidation above 0.797 first. The upside recovery should be limited below 0.7985 resistance to bring another fall. Below 0.797, the price will target 0.7850 support zone. However, there is no clear sign … Continue reading Morning Marke Update – AUD/USD

        Morning Market Update – USD/CHF
        13 days ago

        Morning Market Update – USD/CHF

        Intraday bias in USD/CHF remains neutral as a corrective action that looks to be the next move from 0.9704 is still in progress. The near term outlook stays bearish as long as 0.9704 resistance holds. When decline from current levels resumes, we’d start to look for bottoming signal again as it approaches 0.9443 key support … Continue reading Morning Market Update – USD/CHF

        Morning Market Update – AUD/USD
        14 days ago

        Morning Market Update – AUD/USD

        AUD/USD’s fall from 0.8001 continues today and the intraday bias remains on the downside towards 0.7846 support. A firm break at 0.7965 just confirmed the completion of rise has ended for the time being. In such case, the near term outlook will be turned bearish for the 0.7846 support levels next. On the upside, though, … Continue reading Morning Market Update – AUD/USD

        Silver
        15 days ago

        Morning Market Update – XAG/USD

        Silver is pushing higher from the support given at 16.65 in the four-hourly chart. Key resistance is given at a distance at 16.83. The commodity is having difficulties to hold above the 16.83. In the long term, the pin bar rejection indicates that further downsides are very likely. Resistance is located at 16.83. Strong support … Continue reading Morning Market Update – XAG/USD

        USD/CAD
        16 days ago

        Morning Market Update – USD/CAD

        USD/CAD is staying in consolidation from 1.2432 and intraday bias remains neutral first. A deeper retreat cannot be ruled out. But we’d expect the downside to be contained by 1.2432 levels as the price action has bounced off these levels. Above the support level the pair will turn biased to the upside for retesting 1.2637 … Continue reading Morning Market Update – USD/CAD

        GBP/USD
        17 days ago

        Weekly Technical Outlook: GBP/USD; Market Forecasts for July 31st – August 4th

        Resistance level 1.3230, 1.3368, 1.3481 Pivot Level 1.3095 Support Level 1.2923 Technical Analysis The GBP/USD pair closed the weekend trading above 1.2923 levels, getting good support base that reinforces the expectations of continuing the bullish bias and providing signals for the price recovery in the upcoming days. Supported by stochastic positivity that appears clearly on … Continue reading Weekly Technical Outlook: GBP/USD; Market Forecasts for July 31st – August 4th

        Gold
        17 days ago

        Morning Market Update – XAU/USD

        Gold found some strong resistance at this point of time breaking above 1269.22 and has since then seen a decline. A break of 1263.42 support shall confirm there is a change in the momentum. Rise has been completed at 1269.22 after failing to breach resistance zone. Initial bias stays on the downside in the upcoming … Continue reading Morning Market Update – XAU/USD

        20 days ago

        Morning Market Update – USD/JPY

        With the 111.083 minor resistance intact, the intraday bias in USD/JPY remains mildly on the downside for 110.381 support. A break here will resume the fall from 110.381 to 110.119 and below. Note again that a decline from 110.381 is seen as a continuation of the downside. In that bearish case, we’ll look for a … Continue reading Morning Market Update – USD/JPY

        Silver
        21 days ago

        Morning Market Update – XAG/USD

        Silver is pushing higher after the bounce still bouncing from four hourly support given at 16.60. Key resistance is given at a distance at 16.80. The commodity is currently holding above the 16 mark. In the long-term, the cross indicates that further upsides are very likely. Strong support can be found at 16.60. Silver rally … Continue reading Morning Market Update – XAG/USD

        Morning Market Update – EUR/USD
        22 days ago

        Morning Market Update – EUR/USD

        EUR/USD edged higher to 1.1687 but failed to take out 1.1687 key resistance and retreated. As the pair is staying below 1.1659 near term pivot, intraday bias remains neutral first. Main focus remains on 1.1659. A decisive break there will carry a larger bearish implication and target the 1.1574 support level next. Continuing on the … Continue reading Morning Market Update – EUR/USD

        GBP/USD
        24 days ago

        Weekly Technical Outlook: GBP/USD; Market Forecasts for July 24th – July 28th

        Resistance level 1.3104 Pivot Level 1.3030 Support Level 1.2917, 1.2814, and 1.2718 Technical Analysis Daily bias in GBP/USD remains bearish with the 1.3104 resistances intact. A deeper decline is still expected for GBP/USD pair as long as resistances hold the area. The price action stays below resistances so far at this point and the week … Continue reading Weekly Technical Outlook: GBP/USD; Market Forecasts for July 24th – July 28th

        Morning Market Update – USD/CAD
        24 days ago

        Morning Market Update – USD/CAD

        USD/CAD‘s consolidation from 1.2537 is still unfolding and the intraday bias stays neutral. In case of another recovery, the upside should be limited by 1.2626 support turned resistance. As noted before, the corrective action from 1.2537 has already seen some rise, with the price action producing a pin bar completed at the support area. With … Continue reading Morning Market Update – USD/CAD

        USD/JPY
        28 days ago

        Morning Market Update – USD/JPY

        The USD/JPY pair seems to have found some support at 111.622 levels and is edging higher to 111.92. The intraday bias remains on the upside at this point. A firm break of 111.92 resistances will confirm the resumption of a whole rebound from 111.622 levels. Due to this, the pair would target a projection of … Continue reading Morning Market Update – USD/JPY

        AUD/USD
        last month

        Morning Market Update – AUD/USD

        The AUD/USD pair traded with a clear positivity to settle above EMA50 and SMA100, while the price is still stuck between the next trend confirmation levels. These levels are represented by the break of resistance which is moving higher above 0.7828 levels. The pair rallied sharply today to surpass 0.7828 levels and made an attempt … Continue reading Morning Market Update – AUD/USD

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