NEWS | 28 minutes ago | By Anil Panchal AUD/USD battles 0.7600, keeps recovery move from 0.7557 to print mild gains. Strong RSI conditions, not overbought, keeps buyers hopeful around 10-day SMA. Short-term horizontal resistance guards immediate upside, eight-week-old trend line offers nearby key support. AUD/USD seesaws near 0.7590/95, after recently refreshing the intraday high to 0.7598, during early […]

NEWS | 14 minutes ago | By Omkar Godbole Gold gains almost 1%, dollar drops on US stimulus news. Risk appetite strengthens as President Trump signs the coronavirus relief bill. Gold, widely touted as a hedge against inflation and currency devaluation, is cheering the US President Trump’s decision to sign the critical coronavirus relief and spending package.  The package includes direct

NEWS | 0 minutes ago | By Ross J Burland XAG/USD is testing a critical resistance area of the daily M-formation. Bearish conditions yet to be confirmed on a 4-hour basis.  Silver has moved to test the daily M-formation’s neckline which raises prospects of a downside extension.  The following is a top-down analysis that illustrates where the next opportunity to the

NEWS | 34 minutes ago | By Anil Panchal Share on Twitter Share on Facebook Share on Linkedin WTI refreshes intraday low, stays depressed for third consecutive day. Bearish MACD, sustained break of short-term support direct sellers toward 200-bar SMA. Bulls look for clear trading above $48.00 for fresh entries. WTI takes offers around $46.40, down 1.38% intraday, during

NEWS | 9 minutes ago | By Anil Panchal Share on Twitter Share on Facebook Share on Linkedin EUR/USD consolidates recent gains above 1.2200, follows three-day-old falling trend line while easing off-late. RSI conditions, ability to stay above the key supports keep buyers hopeful. EUR/USD takes rounds to 1.2230 during Tuesday’s Asian session. In doing so, the major currency pair

NEWS | 28 minutes ago | By Anil Panchal GBP/USD remains depressed, refreshes intraday low amid Brexit, virus woes. Downside break of 200-HMA also favors the sellers despite oversold RSI conditions. GBP/USD stays offered around the intraday low of 1.3363m, down 0.86% on a day, during early Monday. In doing so, the Cable extends Friday’s losses amid fears of