Page 9 - Falling Wedge News Today

The Indian Rupee weakened after the RBI increased bond purchases and lowered GDP estimates at June’s rate decision. Ahead, USD/INR is eyeing US non-farm payrolls after a wedge breakout.

The Japanese Yen remains under pressure as retail traders seem to be maintaining a net-short bias in USD/JPY and AUD/JPY. But, recent signals seem to hint that their trends may slow.

Australian Dollar Analysis: AUD/USD, AUD/JPY, AUD/CAD, EUR/AUD Technical Setups 2021-05-23 08:00:00 Daniel Dubrovsky, Strategist Australian Dollar, AUD/USD, AUD/JPY, AUD/CAD, EUR/AUD – Weekly Technical Outlook Australian Dollar remains in broad consolidation, signals mixed AUD/CAD may aim lower, EUR/AUD facing triangle breakout AUD/USD - Neutral The Australian Dollar continues to consolidate against the US Dollar, but the near-term bias could remain tilted to the upside. In April, AUD/USD bro...

Buy or hodl, says investor Raoul Pal as Bitcoin price chart hints at falling wedge Investment strategist Raoul Pal suggested traders should probably buy the Bitcoin dip as its price crashes to two-month lows. 20149 Total views Markets News Raoul Pal wants Bitcoin investors to mobilize their trades against Elon Musk. The macro investment strategist advised traders to either accumulate or preserve their Bitcoin (BTC) holdings just as the flagship cryptocurrency suffered massive declin...

Indian Rupee Gains May Not Last After Banking System Dollar Glut, USD/INR Eyes CPI 2021-05-07 05:00:00 Daniel Dubrovsky, Strategist Indian Rupee, USD/INR, RBI, Coronavirus, Cairn Energy Plc, Technical Analysis - Talking Points The Indian Rupee has been strengthening lately despite local coronavirus surge Flood of dollars in India’s banking system amid tax dispute boosted INR yields Rupee remains at risk, with USD/INR appearing to trade within a falling wedge The Indian Rupee has been performi...

Australian Dollar Forecast: AUD/NZD Tracks Higher as Economic Data Looms 2021-05-02 23:00:00 Thomas Westwater, Analyst Australian Dollar, AUD/NZD, Covid, India -Talking Points Australian Dollar looks toward upcoming economic data this week for direction Covid situation in Australia and India presents possible headwinds to sentiment AUD/NZD tracks higher within Falling Wedge pattern, but outlook remains unclear Monday’s Asia-Pacific Outlook Asia-Pacific markets will see a handful of economic ...

US Dollar Price Forecast: Sell-in May Dynamic Could Drive DXY Higher 2021-05-03 07:00:00 Daniel Moss, Analyst US Dollar, DXY, Non-Farm Payrolls, ISM PMIs, Sell-In May – Talking Points: The haven-associated US Dollar may continue to gain ground on seasonal dynamics and robust economic data. Bullish Falling Wedge break hints at further gains for the US Dollar Index (DXY). Advertisement Asia-Pacific Recap Equity markets slipped lower during Asia-Pacific trade, as inflation concerns and geopoli...

US Dollar Price Outlook: DXY Falling Wedge in Play Ahead of PCE Release 2021-04-30 07:00:00 Daniel Moss, Analyst US Dollar, DXY, PCE Price Index, Federal Reserve, Fed Funds Rate – Talking Points: Equity markets drifted lower during APAC trade as regulatory restrictions weighed on regional risk sentiment. Fed tapering bets may underpin the US Dollar against its major counterparts in the near term. Falling Wedge pattern suggests a reversal higher could be on the cards for the DXY. Asia-Pacifi...

Tech View: Nifty may enter a brief consolidation; 15,000 level a hurdle SECTIONS Share Synopsis For the day, Nifty closed at 14,894, up 30.35 points or 0.2 per cent. Gaurav Ratnaparkhi of Sharekhan said the index stumbled near the daily upper Bollinger Band as well as the upper end of a rising channel on the hourly chart. Getty Images Mazhar Mohammad of Chartviewindia.in said the advance-decline ratio was skewed in favour of the bears, hinting at broadbased profit booking around the psychologic...

Sensex, Nifty end with marginal gains amid volatility on April F&O expiry File Image The benchmark equity indices ended with marginal gains on April 29 after giving up most of the opening gains. The Nifty opened higher but fell in the early part of the day to make an intra-day low at 10:50 hours. A feeble recovery followed amid volatility on April F&O expiry day. At close, the Nifty was up 30.40 points or 0.20 percent at 14,894.90. #MarketAtClose | Market Reverses Opening Gains To Close Flat#S...