Category Archive: 4) FX Trends
USDCHF buyers are back in the drivers seat. Price moves back above the 38.2% retracement.
The 38.2% of the move down from the 2022 high comes in at 0.90252. Stay above keeps the buyers in play/short term control.
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China PMI is Better than Expected but the Greenback Still Rises above CNY7.23
Overview: The dollar is trading quietly against the G10
currencies as European markets remain on holiday. Narrow ranges have prevailed.
The dollar-bloc currencies are leading with minor gains, perhaps helped on the
margins by better-than-expected Chinese PMI, but the Scandis, which also
typically do well amid a better global growth profile are the laggards. This
may speak to the light liquidity conditions. Japan may have missed a tactical...
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Gold Technical Analysis – WATCH OUT for the data this week
#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.
0:36 Technical Analysis with Optimal Entries.
2:06 Upcoming Economic Data....
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April 2024 Monthly
The macroeconomic and
geopolitical developments have not changed substantially over the past month. The
resilience of the US economy allows the Federal Reserve to put more emphasis on
achieving price stability. While the market favors a June cut (66% vs. 80% at the end of February), it has
not been fully discounted for over a month. The biggest event in March may have been the
well-telegraphed exit from negative interest rate policy and Yield...
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USDJPY Technical Analysis – Waiting for a breakout
#usdjpy #forex #technicalanalysis
In this video you will learn about the latest fundamental developments for the USDJPY 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.
1:43 Technical Analysis with Optimal Entries.
3:08 Upcoming Economic Data....
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AUDUSD rebounds higher after dump lower runs out of steam and snaps back higher.
The price of AUDUSD fell below trend line support and ran lower but the NY session is seeing a snapback rally.
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USDCHF tests a cluster of support as buyers take profit. Can support area hold?
The USDCHF is testing iss100 hour MA, swing level and 38.2% on the daily chart above and below 0.9020 area.
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Waller Pushes on Open Door: Push for Patience Lifts the Dollar, Complicating Japanese Efforts
Overview: Comments by Fed Governor Waller, urging
patience on rates and wanting more evidence that price pressures are moderating
has helped the greenback extend its recent gains. The yen is the notable
exception as the fear of intervention has restrained the dollar bulls. Poor
German data, including a sharp 1.9% drop in February retail sales, the fourth
consecutive monthly decline, underscored the euro's negative divergence, and the
single...
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EURUSD Technical Analysis – Watch what happens at this key support zone
#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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AUDUSD sellers pushed below trend line support but failed in what is an up and down day
The price action in the AUDUSD has been up and down today, with the lows trying to break below a lower upward sloping trend line. Those breaks have failed keeping the buyers in play.
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USDCAD backs off from ceiling area again
The ceiling going back to November/December 2023 and over the last 5 weeks at 1.36049 to 1.35269 Staying below, keeps the sellers in play (and in short term control too).
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USDCHF continues its run to the upside as the buyers keep the momentum going
The USDCHF runs away from its 38.2% retracement of the move down from the 2022 high at 0.90254.
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