Tag: 50day

EUR/USD Rate Rebounds Ahead of Yearly Low to Approach 50-Day SMA

EUR/USD Rate Talking PointsEUR/USD carves a series of higher highs and lows following the kneejerk reaction to the US Consumer Price Index (CPI), and the exchange rate appears to be on track to...

EUR/USD Reverses Ahead of 50-Day SMA to Snap Monthly Opening Range

EUR/USD Rate Talking PointsEUR/USD trades in a narrow range after snapping the series of lower highs and lows from last week, but failure to defend the opening range for October may lead to...

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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