Page 16 - Double Top News Today

The Euro has lost a significant amount of ground against the commodity-sensitive Norwegian Krone and Canadian Dollar in the first quarter of 2021. These losses appear to stem from the divergence in...

Canadian Dollar Forecast: BoC Tapering Bets to Buoy CAD Against JPY, USD, EUR 2021-03-15 07:30:00 Daniel Moss, Analyst Canadian Dollar, USD/CAD, CAD/JPY, EUR/CAD, Bank of Canada – Talking Points: Equity markets traded mixed during APAC trade as Treasury yields hovered at yearly highs. Robust economic data may intensify Bank of Canada tapering bets and open the door for CAD to continue gaining ground against EUR, USD and JPY....

Bitcoin Outlook: BTC Poised to Break to Fresh Highs or Is a Reversal Afoot? 2021-03-11 03:00:00 Daniel Moss, Analyst Bitcoin, BTC/USD, Technical Analysis, IGCS – Talking Points: Bitcoin has rallied significantly in March, after toppling lower at the tail end of last month. However, short-term technical signals suggest a reversal lower could be on the cards. Advertisement As predicted in previous reports,...

Canadian Dollar Price Forecast: USD/CAD, CAD/JPY Levels Ahead of BoC 2021-03-10 03:00:00 Daniel Moss, Analyst Canadian Dollar, USD/CAD, CAD/JPY, Technical analysis, IGCS – Talking Points: The Canadian Dollar may be at risk of a counter-trend correction against its haven-associated counterparts. CAD/JPY vulnerable to pullback after failing to breach key resistance. USD/CAD eyeing a push to retest monthly highs. Advertisement The Canadian Dollar has thoroughly outperformed the US Dollar and ...

Australian Dollar Price Forecast: AUD/USD, AUD/JPY, AUD/NZD 2021-03-09 03:00:00 Daniel Moss, Analyst Australian Dollar, AUD/USD, AUD/JPY, AUD/NZD, IGCS – Talking Points: AUD/USD consolidating above key supportive shelf. AUD/JPY inverse Head and Shoulders pattern playing out. AUD/NZD Double Top reversal still in play. Advertisement As predicted in previous reports, the Australian Dollar has slipped lower a...

Canadian Dollar Price Forecast: USD/CAD, CAD/JPY, CAD/CHF, EUR/CAD 2021-02-25 03:00:00 Daniel Moss, Analyst Canadian Dollar, USD/CAD, CAD/JPY, CAD/CHF, EUR/CAD – Talking Points: Descending Channel guiding USD/CAD rates lower. CAD/JPY keying in on 100% Fibonacci expansion. RSI extremes hints at further gains for CAD/CHF. A Death Cross formation could intensify EUR/CAD selling pressure. Advertisement The ...

Australian Dollar Price Action Setups: AUD/USD, AUD/JPY, AUD/NZD 2021-02-24 03:00:00 Daniel Moss, Analyst Australian Dollar, AUD/USD, AUD/JPY, AUD/NZD, Time-Cycle Analysis – Talking Points: Long-term cycle analysis suggests a cyclical upturn is at hand for AUD/USD. Swelling bullish momentum hints at further gains for AUD/JPY. AUD/NZD at risk of extended losses as price carves out a Double Top reversal pattern. Advertisement The Australian Dollar looks poised to continue outperforming the h...

5 Technical Analysis Tools Every Investor Must Have Posted February 23, 2021 After a massive run for a year, the market is down today, led by Tesla, which dropped about 200 points before bouncing back. As I write this, the Nasdaq is down 1.73%. There is no question that the market is overvalued in terms of historic measurements like market cap-to-GDP, margin levels, and number of stocks without earnings. The question is does the end of the pandemic, the reopening of the markets, and low interes...

Time-cycle analysis suggests that the Japanese Yen could slide significantly lower against its major counterparts. Inverse Head and Shoulders pattern hints at extended gains for AUD/JPY . EUR/JPY rates challenging long-term trend resistance. GBP/JPY poised to push to multi-year highs. Advertisement Long-term cycle analysis suggests that the haven-associated Japanese Yen is at risk of a prolonged period of weakness against its major counterparts. Here are the key levels to watch for AUD...

The Indian Rupee may be at risk against the US Dollar as momentum fades. Will the Nifty 50 bounce from key support? The index has extended losses following a bearish Double Top chart pattern.