On the 1 hour chart, we can see more closely the recent price action with the pair ranging between the 1.2612 support and the 1.2643 resistance. We can notice that the price has already broken the triangle to the downside, but we will need also a break below the support zone to confirm the breakout. Watch out for the data today as it will add extra confirmation...
EUR/USD’s consolidation from 1.0722 is still extending and intraday bias remains neutral. While stronger recovery cannot be ruled out, outlook will stay bearish as long as 1.0895 resistance holds. On the downside, sustained break of 1.0732 will argue that whole rise from 1.0446 has completed. Deeper fall would then be seen to target this low
Intraday bias in USD/CHF remains on the upside despite loss of momentum as seen in 4H MACD. Current rise from 0.8333 should target 61.8% retracement of 0.9244 to 0.8333 at 0.896. On the downside, below 0.8724 minor support will turn intraday bias neutral first. But near term outlook will stay cautiously bullish as long as 0.8551 support holds.
BTC hit 50000 but another target 52000
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The AUDUSD is trading higher and lower in trading today in a narrow range. The high prices, however, have been able to stay below its 100-day moving average at 0.65316 The high price for the day came in at 0.65305. Also in play is a swing area at 0.65239. That level goes back to November through February where there have been several swing lows/highs at the level.
Gold up down move
In extreme situations, the Federal Reserve may resort to a policy named Quantitative Easing (QE). QE is the process by which the Fed substantially increases the flow of credit in a stuck financial system.
It is a non-standard policy measure used during crises or when inflation is extremely low. It was the Fed’s weapon of choice during the Great...
Nzdusd lower more than expected
The RBNZ’s steep rate-tightening cycle, which has raised the benchmark rate to 5.4%, has significantly lowered inflation but there is more work to be done. Orr & Co. wouldn’t mind maintaining rates in restrictive territory in order to continue pushing inflation lower.
We’ll get a look at New Zealand inflation expectations for the...
Looking at EURAUD from a purely technical observation we can take note of the fact that the EURAUD has broken out of our long standing bullish monthly trend line which has started to point us towards a new bearish sentiment/bias in the long term, now looking further into it we can also notice that on top of breaking out of our monthly bullish trend we can notice...
On the flip side, momentum beyond the 1.3475 area (200-day SMA) is likely to confront resistance near the 1.3500 psychological mark ahead of the 1.3530- 1.3543 region, or the multiple-tops. A sustained strength beyond the latter will negate any near-term negative outlook and pave the way for some meaningful appreciating move. The USD/CAD pair might then accelerate...
Eurusd
The low last week tested the December low of 1.0724 and buyers held their ground. Since then, price action has been a bit more muted though. The 100-day moving average (red line) has kept a lid on any upside move while the floor remains at the December low. It shows that traders are respecting the key technical channels in play - at least for...
CAD/JPY Short
• If price impulses down below our area of interest on the one hour chart and a subsequent two touch fifteen minute flag forms, then I'll filter the latter on the five minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't...
Uchida’s comments are followed closely as he is known for dropping hints around key developments. USD/JPY continues to grind higher as markets distance themselves from notions of imminent rate changes stemming from the BoJ. The 150 marker is near-term resistance, with 146.51 appearing as support. Recent commentary and the notable lack of concern around the...
(XAU/USD) fell modestly this past week, but lacked a strong directional bias, with the metal moving up and down around the 50-day simple moving average, a clear sign of consolidation. The market's lack of conviction is not likely to end until prices either breach resistance around $2,060 or support near $2,006
Xagusd is downward biased but has bottomed out at around $22.15-$22.50, which has opened the door for an upward correction. If buyers could lift prices toward $23.00 per troy ounce, that could open the door to test the 100-day Moving Average (DMA) at $23.09, followed by the 50-DMA at $23.26.
On the other hand, a ‘death cross’ formed three days ago on the path of...
The EUR/USD remains pinned on the south side of the 200-hour Simple Moving Average (SMA) just beneath 1.0800. Although the pair continues to recover into the upside from the early week’s bottom near 1.0725, topside momentum remains capped, with longer-term technical patterns remaining decidedly bearish.
Despite posting three straight days of gains and on pace for...
In the 4-hour timeframe, as you can see, after correcting from the 1.11 range, the price is in a range of 1.095. Based on the behavior of the candles, the possibility of correcting the price to the range of 1.084 / 1.080 can be considered.
A scenario that we can consider in the 4-hour timeframe is that the price will be accompanied by a correction to the price...
here what i think about usdjpy i hope i made easy to understand,if not let me know in the comment. if 150.500 break above with bullish possibility that usdjpy can make new higher which is 153.500 to 153.900. so here waht i say look for buy opportunity with great confirmation. always risk 1%. thank you .
In the long term picture, the down trend from 1.1079 (2011 high) should have completed at 0.5526 (2020 low) already. It’s unsure yet whether price actions from 0.5506 are developing into a corrective pattern, or trend reversal. But in either case, fall from 0.8026 is seen the second leg of the pattern. Hence, in case of deeper decline, strong support should emerge...
