Technical Analysis: Following disappointing US data, the USDCHF pair breached the low, but the strength of the bearish momentum is now diminishing. What can be expected in the next moves? USD CHF Technical Analysis of USDCHF – Daily Timeframe As the US Dollar was recently impacted by the dismal US statistics, we can observe on…
The AUDUSD pair is now aiming for the 0.65 handle after breaking through the trendline. The Fed kept interest rates unchanged, as expected, and made no changes to its statement. Fed Chair Powell reiterated that they are proceeding with caution because the full effects of policy tightening have yet to be felt. The US Core…
AUDUSD Technical Analysis – Another opportunity for sellers: The AUDUSD pair tests some key boundaries but eventually gets stuck within the triangle. Us Australia AUDUSD Technical Analysis – Daily Timeframe On the daily chart, we can see that the AUDUSD pair continues to massively diverge from the MACD, which is usually a sign of weakening…
Technical Analysis – Dollar Australian, NZD/AUD, EUR/AUD, Talking Points: Moving Averages, Range, and Reversal Technical Analysis of EUR/AUD For the past four months, the EUR/AUD pair has been trapped between 1.6200 and 1.7100, and it may be in range trading mode at the moment. To gain additional insight into range trading, click the banner that…
USDCAD Technical Analysis – Important Levels to Watch US Canada USDCAD Technical Analysis – DailyTimeFrame On the daily chart, we can see that the USDCAD pair drew back into the red 21 moving average, where buyers entered and successfully reversed the price with the help of the Canadian CPI data miss. The swing level around…
Forex technical analysis and forecast: majors, stocks, and commodities EUR/USD, “Euro vs. US Dollar” Forex technical analysis: EUR/USD made a corrective move to 1.0566 and a downward trend to 1.0482. In the midst of the news, the market conducted a rising impulse to 1.0599 and is now correcting. Today, a fall to 1.0522 is not…
TECHNICAL ANALYSIS: With USD/CAD up approximately 1.8 percent thus far, the Canadian Dollar is approaching its worst 2-week stretch against the US Dollar since mid-February. In response, retail traders have increased their downside exposure, as can be observed by looking at IG Client Sentiment (IGCS). This last one frequently serves as a contrarian indicator. Will…
Australian Dollar: NEAR-TERM TECHNICAL UPDATE FOR THE AUSTRALIAN DOLLAR, AUD/USD, AND AUD/JPY: AUD/USD – Daily Update Recent performance in the Australian Bone against the US Bone and Japanese yearning is setting up an intriguing specialized geography. On the diurnal map below, AUD/ USD surged on Thursday, leaving behind a Bullish Engulfing candlestick pattern. This can…
The crucial 1.23 barrier was breached by the Technical Analysis of GBP/USD pair, which is now chasing the 1.18 handle. US: UK: USDGBP Daily On the daily chart, we can see that the Technical Analysis of GBP/USD has finally broken through the important 1.23 barrier, which has allowed for a decline into the 1.18 handle….
Dow Jones technical analysis – It is becoming more and more obvious that the market is interpreting the weaker labor market statistics favorably for inflation and the soft landing scenario. In reality, leading up to the NFP report last week, we experienced a number of significant misses, but the US Jobless Claims data revealed that…
