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EUR/USD is trading above 1.1550, extending the bounce from yearly lows of 1.1524

EUR/USD is trading above 1.1550, extending the bounce from yearly lows of 1.1524

Generally speaking, EUR/USD is moving downwards. The EUR/USD pair exchanges a small bunch of pips over the referenced 2021 low, down for a second successive day. Specialized readings in the day-by-day outline favor another leg lower as the pair grows well underneath immovably negative moving midpoints. Simultaneously, specialized pointers stay inside bad levels, with the RSI continuing its decay inside oversold readings. G20 gatherings will be held today. EUR/USD’s next support zone is at 1.15000 and the following resistance zone is at 1.16300. Search for transient selling chances of EUR/USD up until the arrival of the gathering minutes by the FOMC tomorrow at 0200 (GMT+8).

GBP/USD faces strong resistance near 1.3650 inside the symmetrical triangle.

GBP/USD is moving downwards. G20 gatherings will be held today. The close term specialized standpoint for GBP/USD appears to have turned negative with the pair breaking underneath the rising pattern line coming from late September. Also, GBP/USD is trading beneath the 50-time frame SMA on the four-hour chart and the Relative Strength Index (RSI) marker is pushing lower toward 40. Right now, GBP/USD is trying the resistance zone of 1.36000 and the following support zone is at 1.34000. On the off chance that GBP/USD rejects the resistance zone of 1.36000, search for transient selling openings up until the arrival of the gathering minutes by the FOMC tomorrow at 0200 (GMT+8).

USD/JPY retreats further from multi-year tops, depressed below mid-113.00s

Generally speaking, USD/JPY is moving upwards. As of late, EUR/USD broke the resistance zone of 112.00. The USD/JPY pair refreshed everyday lows during the early European meeting, though figured out how to shield the 113.00 imprints and immediately recuperated not many pips from thereon. The pair was most recently seen drifting around the 113.20-25 area, almost unaltered for the afternoon. USD/JPY’s next support zone is at 112.000 and the following resistance zone is at 114.400. Search for transient buying chances of USD/JPY up until the arrival of the gathering minutes by the FOMC tomorrow at 0200 (GMT+8).

XAU/USD locks in some fresh gains above $1,760 ahead of CPI data and the FOMC minutes.

According to a specialized perspective, XAU/USD stays bound to natural levels. The day-by-day outline shows that it is at present over an immovably negative 20 SMA, floating around it since late September. Specialized pointers have recuperated some ground, presently aimless inside unbiased levels. Simultaneously, gold can’t clear a Fibonacci opposition level at 1,764.35, the 38.2% retracement of its most recent everyday decrease. In the close to term, and as indicated by the 4-hour outline, gold stands over its 20 and 100 SMAs while beneath the 200 SMA, every one of them lacking directional strength. Gold necessities to clear the 1,777.75 resistance level to acquire a bullish foothold, while bears might take over on an unmistakable break beneath 1,748.05, the 23.6% retracement of the referenced decay.