Tag: Downtrend
Crude Oil Looks to OPEC+ Meeting for Cues; Is Natural Gas Resuming its Downtrend?
CRUDE OIL, WTI, NATURAL GAS, NG - Outlook:Crude oil is holding above tough support, keeping alive the capitulation view.Natural gas has fallen sharply [...]
Long-Term Downtrend Remains but Signs of Fatigue Appear
For most of Q1 2023 WTI crude oil prices oscillated between two very crucial levels as traders attempted to gauge the longer-term direction of the com [...]
Will AUD/USD Resume the Downtrend Next Week?
AUD/USD tumbled more than 2% lower last week as the downtrend resumed due to the USD strengthening, which was prompted by the perception of a more haw [...]
Crude Oil Resumes Downtrend, Despite Expected China Demand
It seemed like crude Oil was going to turn bullish, as the US economy starts to rebound while China is reopening after three years of restrictions and [...]
BNB Chain on-chain activity bucks bear market downtrend in Q4: Messari
The Binance-native blockchain BNB Chain has continued to show steady activity growth in the fourth quarter of 2022 despite the broader crypto bear mar [...]
Oil Downtrend in Question on OPEC Meeting, EIA Inventories and FED
Crude Oil has been bearish since June last year with central banks picking up the pace of rate hikes and the global economy heading into a recession. [...]
USD/JPY Breaks Key Downtrend Line But Bulls Have Work to Do
USD/JPY Price, Chart, and AnalysisUSD/JPY has seen modest gains in JanuaryThey’ve taken it through a previously dominant downtrendHowever it’s still q [...]
USD/JPY Resumes Downtrend, As Technicals and Fundamentals Point Down
USD/JPY was retracing higher on a bullish trend since the crash post BOJ pivot in the third week of December, but the upside momentum didn’t continue [...]
Natural Gas Slipping Below $4, As Warm Winter Keeps Downtrend On
Oil and Gas prices surged higher in spring this year as the conflict in Ukraine surged and the sentiment turned negative. Gas approached the $10 level [...]
Is USD/JPY Resuming Downtrend After the Retrace Higher?
USD/JPY used to be on a strong bullish trend throughout this year until late October, as the Bank of Japan (BOJ) and the Ministry of Finance of Japan [...]
GBP/USD Breaks Downtrend at 1.2000; Time to Buy?
GBP/USD is hovering around 1.2010 as it seeks clarity amid contradictory signals and the end-of-year holiday season. The cable pair GBP/USD welcomed b [...]
Canadian Dollar Dented by GDP Data, But USD/CAD Near-Term Downtrend Holds
Canadian Dollar, USD/CAD, Australian Dollar, China PMI – Asia Pacific Market Open
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Forex for [...]
FX Daily: Too early for a broad dollar downtrend
USD: Weakness may not last longYesterday’s US CPI read dealt a big blow to the dollar. Decelerating core inflation (0.3% month-on-month) surely repr [...]
USD/CAD Trading Signal Update – What Could Drive a Downtrend?
The Canadian currency was relatively unchanged versus the United States dollar on Monday and continues to trade near $1.3837. However, USD/CAD stayed [...]
Crude Oil Resumes the Downtrend, As MAs Turn Into Resistance
Crude Oil has been bearish since June, as central banks picked up the pace of rate hikes and the global economy headed into recession. But, the Crude [...]