Sylvester Stephen Articles

    USD/JPY
    2 days ago

    Weekly Technical Outlook: USD/JPY ; Market Forecasts for October 16th – October 20th

    Resistance level 720 Pivot Level 338 Support Level 489, 111.339 and 110.957 Technical Analysis Daily bias in USD/JPY remains bearish with the 112.720 level resistances intact. A deeper decline is still expected for the pair as long as resistance holds the area. The price action stays below resistance so far at end of the week … Continue reading Weekly Technical Outlook: USD/JPY ; Market Forecasts for October 16th – October 20th

    CHF
    2 days ago

    Morning Market News – USD/CHF

    At this point, the USD/CHF pair is still staying above 0.9733 with minor support intact. A further rise is expected in the pair even though upside momentum is unconvincing. We’re favoring the whole down trend form the 0.9733 level has completed after defending key support again. A further rise would be seen to a retracement … Continue reading Morning Market News – USD/CHF

    Morning Market Update – XAU/USD
    5 days ago

    Morning Market Update – XAU/USD

    Silver commodity extended its recovery leaving risk higher in the days ahead. However, beware of the pullback threats. On the downside, support comes in at the 17.16 level where a break will turn attention to the 17.09 level. Further, a cut through here will open the door for a move lower towards the 17.04 level. … Continue reading Morning Market Update – XAU/USD

    Morning Market Update – USD/JPY
    6 days ago

    Morning Market Update – USD/JPY

    USD/JPY is staying consolidative and is trading above the 112.04 level temporary top. Intraday bias remains neutral first. As long as the 112.04 support holds, a further rise is in favor. The sustained break of medium term channel resistance will argue that a correction from 112.04 is already completed with the pair holding the levels. … Continue reading Morning Market Update – USD/JPY

    aud/usd
    7 days ago

    Morning Market News – AUD/USD

    The AUD/USD‘s rally is still in progress and the pair edges higher to the 0.7833 level. Intraday bias remains on the upside at this point. A break of 0.7785 resistance will confirm resumption of whole rebound from the 0.7736 level bottom. In such case, AUD/USD would target projection of 0.7833 next. On the downside, below … Continue reading Morning Market News – AUD/USD

    GBP
    8 days ago

    Morning Market Update – GBP/USD

    GBP/USD recovers mildly today but it’s staying in a corrective pattern from 1.3116. Intraday bias remains neutral first. We’d continue to expect strong support from this level to contain downside and bring rally resumption. A break of 1.3158 will turn the bias back to the upside for the 1.3225 support-turned-resistance next. A break there will … Continue reading Morning Market Update – GBP/USD

    JPY
    9 days ago

    Weekly Technical Outlook: USD/JPY; Market Forecasts for October 9th – October 13th

    Resistance level 113.433 Pivot Level 112.406 Support Level 111.967, 111.451 and 111.133 Technical Analysis Daily bias in USD/JPY remains bearish with 113.433 resistances intact. A deeper decline is still expected for the pair as long as resistances hold the area and price action stays below resistances so far at end of the week. And, such … Continue reading Weekly Technical Outlook: USD/JPY; Market Forecasts for October 9th – October 13th

    USD/CAD
    9 days ago

    Morning Market Updates – USD/CAD

    A temporary top is formed at 1.2585 in USD/CAD and the intraday bias has turned neutral first. With the 1.2585 resistance intact, further decline is expected. A decisive break of 1.2538 will target at 1.2462 next. However, a break of 1.2585 will dampen our bearish view and turn bias back to the upside for 1.2599 … Continue reading Morning Market Updates – USD/CAD

    Morning Market Update – XAG/USD
    12 days ago

    Morning Market Update – XAG/USD

    Silver is in recovery mode for the day after broader bears showed signs of stall ahead of key supports at 16.59 Fresh recovery attempts are under way after rally and showed strong rejection at 16.59 zone. A sustained break here is needed to signal further recovery and expose key barriers which are expected to limit … Continue reading Morning Market Update – XAG/USD

    Kiwi Notes
    14 days ago

    Morning Market Update – NZD/USD

    NZD/USD edged higher to 0.7228 but quickly retreated back into established range. Intraday bias stays neutral for more consolidations. In case of deeper fall, downside should be contained by 0.7167 and bring rise resumption. Above 0.7167 the pair will turn bias back to the upside for the 0.7228 support-turned-resistance next. A break there will target … Continue reading Morning Market Update – NZD/USD

    AUD/USD
    15 days ago

    Morning Market Update – AUD/USD

    AUD/USD begins to settle at the support levels and a further rise is still in progress and edges higher to 0.78990. Intraday bias remains on the upside at this point. A firm break of 0.78341 resistance will confirm resumption of whole rebound from 0.77941 bottoms. In such case, AUD/USD would target projection of 0.78990. On … Continue reading Morning Market Update – AUD/USD

    CHF
    21 days ago

    Morning Market Update – USD/CHF

    The USD/CHF pair bounced above 0.9669 the barrier as the downside attempts were repeatedly contained by strong support provided by top of thickening four-hour cloud reinforced by rising 50SMA. Near term techs regained bullish momentum on fresh rally, with probe above important 0.9698 resistance zone expected to generate fresh bullish signal on firm break above … Continue reading Morning Market Update – USD/CHF

    GBP
    22 days ago

    Morning Market Update – GBP/CAD

    GBPCAD rally is still in progress and edges higher to 1.6658. Intraday bias remains on the upside at this point. A firm break of 1.6658 resistance will confirm the resumption of whole rebound from 1.6598 bottom. In such case, the pair would target projection of 1.6755. On the downside, below 1.6598 minor support will turn … Continue reading Morning Market Update – GBP/CAD

    GBP
    23 days ago

    Weekly Technical Outlook: GBP/USD ; Market Forecasts for September 25th – September 29th

    Resistance level 1.3601 Pivot Level 1.3511 Support Level 1.3455, 1.3365 and 1.3275 Technical Analysis Daily bias in GBP/USD remains bearish with 1.3601 resistances intact. A deeper decline is still expected for GBP/USD pair as long as resistance holds the area. The price action stays below resistances so far at this point and closed the week … Continue reading Weekly Technical Outlook: GBP/USD ; Market Forecasts for September 25th – September 29th

    EUR/GBP
    23 days ago

    Morning Market Update – EUR/GBP

    EUR/GBP is weakening. The pair is having strong selling pressures. However, as long as prices remain below the resistance at 0.8878 and declining trend line, the short term technical structure is biased to the downside. Four Hourly support is given at 0.8797. Strong resistance lies at 0.8878 high. In the long term, the pair has … Continue reading Morning Market Update – EUR/GBP

    Morning Market Update – USD/CAD
    26 days ago

    Morning Market Update – USD/CAD

    USD/CAD’s downtrend re-accelerated and dived to as low as 1.2332. A temporary low is formed and the initial bias is neutral thus far. At this point, we’d remain cautious on the support from 1.2314 to bring sustainable rebound. But still, a break of the 1.2314 support-turned-resistance is needed to be the first sign of trend … Continue reading Morning Market Update – USD/CAD

    Morning Market Updates – NZD/USD
    27 days ago

    Mid Day Market Updates – NZD/USD

    NZD/USD is consolidating lower after recent surge. Four hourly resistance is given at 0.7420. Strong support is given at 0.7301 which aligns with the 50EMA, a break of which shall show continued bearish consolidation. The long term technical pattern is reversing. The FOMC had paved the way for further decline. Long term support can be … Continue reading Mid Day Market Updates – NZD/USD

    EurDollar
    29 days ago

    Morning Market Update – EUR/USD

    EUR/USD remains in a bullish bias after pausing the uptrend from 1.1908. The pair has been trading above the levels in recent sessions and looks to continue upward. The medium-term technical picture is still bullish and the prices continue to rise within the ascending channel but the near-term outlook has shifted to a consolidation phase. … Continue reading Morning Market Update – EUR/USD

    CHF
    last month

    Morning Market Update – USD/CHF

    The pair has broken out once more above the 50EMA. With such strong momentum that continues to build, it had only seemed like a matter of time, which has helped drive the break above the MA. This had been the broad projection target from the old range breakout, so the target has been achieved. This … Continue reading Morning Market Update – USD/CHF

    EurDollar
    last month

    Weekly Technical Outlook: EUR/USD ; Market Forecasts for September 18th – September 22nd

    Resistance level 1.20288 Pivot Level 1.19087 Support Level 1.17707, 1.17495, and 1.16869 Technical Analysis The EUR/USD pair attempted to breach the 1.2028 level keeping the stability of the daily close below it until the end of the week, which keeps the correctional bearish trend scenario valid until now. The pair is waiting to resume the … Continue reading Weekly Technical Outlook: EUR/USD ; Market Forecasts for September 18th – September 22nd

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