Category Archive: 4) FX Trends
USDCAD rebounds in trading today. Moves back toward 100 hour MA near 1.3650.
The fall yesterday stalled at the 38.2% of the move up from the December 2023 low. That level needs to be broken to increase the bearish bias.
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After Limited Follow-Through Selling, the Dollar has Come Back Bid
Overview: Three of the G10 currencies rose by
more than 1% against the US dollar yesterday after the softer inflation and
weak retail sales readings. The Dollar Index lost almost 0.65% yesterday, the
most this year. Among emerging market currencies, only the Mexican and Chilean
pesos rose by at least 1%. After extending its losses against most of the major
pairs, the dollar has come back bid. Only the yen and Swiss franc are firmer on
the day. The...
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EURUSD Technical Analysis – Is the 1.10 handle the next target?
#eurusd #forex #technicalanalysis
In this video you will learn about the latest fundamental developments for the EURUSD pair. You will also find technical analysis across different timeframes for a better overall outlook on the market.
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Topics covered in the video:
0:00 Fundamental Outlook.
0:43 Technical Analysis with Optimal Entries.
1:43 Upcoming Economic Data....
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Will USD be Bought on the Fact after Being Sold on Expectations of a Softer CPI?
Overview: The
dollar is trading heavily against the G10 currencies and most of the currencies
from emerging markets. The market expects softer US CPI (and retail sales)
today. Any decline in the year-over-year core rate would put it at its lowest
level since April 2021. Still, this has been anticipated, and the market seems
vulnerable to "sell the rumor, buy the fact" type of activity. After
all, the Fed will see another employment and...
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Gold Technical Analysis – All eyes on the US CPI report
#gold #xauusd #technicalanalysis
In this video you will learn about the latest fundamental developments for Gold. You will also find technical analysis across different timeframes for a better overall outlook on the market.
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Topics covered in the video:
0:00 Fundamental Outlook.
0:37 Technical Analysis with Optimal Entries.
1:40 Upcoming Economic Data....
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AUDUSD down and back up. Trades above and below 50% midpoint of range since Dec. high
The 50% of the move down from the December high comes in at 0.66159. Key barometer going forward.
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The USDCAD found sellers near MAs on topside, and willing buyers against swing area below
The trading range between 1.3628 and 1.3692 is confining the ups and downs in the USDCAD.
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