Category Archive: 4) FX Trends
USDCHF finds willing sellers near week highs, moving averages and key swing area
The swing area at 0.9087 to 0.9098, and converged 100/200 bar MA on 4-hour chart at 0.9091 are topside resistance and a key barometer for buyers and sellers going forward.
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The Dollar Continues To Recover
Overview: The dollar's recovery begun yesterday has
extended into today's activity. The greenback is higher against all the G10
currencies and most emerging market currencies, but the Indian rupee and
Mexican peso. The BOJ did not reduce its bond buying at today's operation and
the market sold the yen on the news. After reaching JPY153.60 yesterday, the
greenback is near JPY156 now. New initiatives to support the beleaguered
property market was not...
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Gold Technical Analysis – New all-time high ahead?
#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.
0:29 Technical Analysis with Optimal Entries.
1:44 Upcoming Economic Data....
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EURUSD traders play the technical levels on the corrective move lower today. What next?
The 38.2-50% retracement of the move higher yesterday held support, but MAs on the 5 minute chart also stalled the bounce higher. Traders are battling it out.
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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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