| GBPUSD finds support buyers near swing area and 61.8% retracement |
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USDCAD moves down toward a key support target
2023-05-05
The USDCAD is moving closer to its 200 day moving average at 1.3440 after a couple days of steady selling in the pair. Higher oil prices have contributed to the Canadian dollars strength. The price of oil intraday yesterday reached a low of $63.70 yesterday. It is trading above $71 today. Will buyers come in against the 200 day moving average?
The RBA surprises with a 25 bp hike. What next for the AUDUSD?
2023-05-02
The Reserve Bank of Australia increase rates by 25 basis points in a surprise move and that sent the AUDUSD sharply to the upside.
What next for that currency pair as traders next prepare for the FOMC rate decision tomorrow? In the US morning Forex typing report, I also take a look at the technicals driving the EURUSD and the USDJPY at the start of the US session.
S&P 500 technical analysis from 2009 todate: The big picture
2023-04-18
Watch the giant channel from 2009 which shall be your guide, should you choose it.
Invest and trade at your own risk and visit ForexLive.com for additional views.
https://www.forexlive.com/technical-analysis/sp-500-technical-analysis-from-2009-todate-the-big-picture/
Wheat Futures price forecast: Going to 700, and later to 800.
2023-04-16
This technical analysis shows that on a lower (4 hour) time frame, ZW has broken out of an ascending wedge. The next probable target, in my opinion, is the 700 round number. However, investors or traders of wheat related assets may want to time their entries with a possible retest, while willing to pay a price that it might not do that and miss their entries. A balanced approach might be to scale into the trade.
Trade at you own risk and visit ForexLive.com for additional views.
https://www.forexlive.com/technical-analysis/wheat-futures-price-forecast-analyzing-the-technicals-and-potential-targets/
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