Tag: 50day
Oil to Mirror August Price Action on Failure to Hold Above 50-Day SMA
Crude Oil Price Talking PointsThe price of oil extends the advance from the start of the week as the Organization of Petroleum Exporting Countries (OPEC) announce plans to cut production, but crude may...
Gold Price Climbs Above 50-Day SMA to Approach September High
Gold Price Talking PointsThe price of gold clears the former-support zone around the July low ($1681) as it extends the series of higher highs and lows from last week, with bullion on the...
AUD/USD Stalls at 50-day SMA as APAC Markets Weigh Growth Concerns
Australian Dollar, AUD/USD, Earnings, Crude Oil, Technical Outlook - TALKING POINTSAsia-Pacific traders face a light economic calendar ahead of a busy week Crude oil prices rose as supply concerns outweigh economic growth woesAUD/USD...
Plunges 13% Below 50-day EMA; Is $20.0 Possible?
WAVES price downtrend shows an increase in the selling pressure that has pushed it past the immediate support level. The current movement could lead to a further crash if WAVES buyers sliced the...
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