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Tag: Support
Bulls eye long opportunity from support structure
Developing story CAD/CHF has made a bullish impulse followed by a 50{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} mean reversion from which the price has held and pushed higher to form a support structure, keeping the…
Bears eyeing a test of critical support at 1.2950
USD/CAD looks vulnerable amid dollar weakness. Further declines could challenge the key support near 1.2950. A bounce in the near-term cannot be ruled out. USD/CAD extends its six-day losing streak…
ANALYSIS-Distressed funds eye European companies as virus support schemes ease
By Abhinav Ramnarayan, Clara Denina and Chibuike Oguh LONDON/NEW YORK, Aug 28 (Reuters) – Funds which buy debt companies are no longer able to repay are getting ready to deploy…
XAU/USD bound by support and resistance, market liquidating longs
Gold is bounded by daily support and resistance ahead of the Jackson Hole event. Inflation will the theme again this week as the Fed Chair delivers insights to the road…