| Here's a quick technical analysis on GBPUSD with some fundamental backgroound. For more visit ForexLive.com |
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Explore the recent opportunity for GBPUSD buyers as they aimed to surpass the 100-hour moving average (MA) following the Bank of England (BOE) hike. However, their efforts proved unsuccessful. Delve into the analysis of what lies ahead for the GBPUSD pair. Gain valuable insights into the potential future movements and market dynamics. Stay updated and make informed trading decisions by watching this video.
There is room to roam in the EURUSD as the markets prepare for the Fed Chair testimony
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Explore the current market situation of the EURUSD, which has been confined within a narrow 28-pip trading range throughout the day. Learn how traders are eagerly anticipating a breakout beyond the established technical levels. Stay informed about potential trading opportunities and the latest market developments by watching this video.
EURUSD technical analysis. EUR/USD price forecast; 1.133
2023-06-16
The EURUSD exchange rate has been on a downward trend since the beginning of 2022.
However, in the long term, the EURUSD exchange rate could appreciate given the faster pace of growth expected for the Eurozone economy compared to the US economy. Consequently, i predict that the EURUSD exchange rate could reach 1.133 by the end of 2023.
The technical analysis is based on a long term channel shown in the video and the volume profile of the price range since the end of 2014. EUR/USD is risign towards the POC, the point of control and is forecasted to reach it.
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SEE MORE AT https://www.forexlive.com/technical-analysis/eurusd-price-forecast-1133-by-the-end-of-2023/
NZDUSD trades above the next target and looks toward the key 100-day MA
2023-06-14
The NZDUSD is one of the biggest movers today with a gain of 1.0%. That has the price moving closer to the key 100-day MA at 0.6223. Support on the downside is at 0.6200 and the 50% of the move down from the May high at 0.61838.
EURUSD rises above key target resistance after CPI, but failing.
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