| The price broke to the lowest level since 2015 in the long-term. Bearish. The price remains below its falling 100 hour moving average in the short term. Bearish. |
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GBPUSD buyers had their shot above the 100 hour MA after BOE hike, but they missed
2023-06-22
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.
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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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.
2023-06-13
The move above the 100 day MA and the 38.2% is failing after CPI data
This week’s Fed rate hike decision. Complacency Could Spell Danger. But Also OPPORTUNITY.
2023-06-12
The Federal Reserve (Fed) has raised interest rates 10 times since March 2022. The target range for the federal funds rate is currently 5.00% to 5.25%. The probability of a rate hike in the next meeting is low, at 18.6%. However, there have been instances in the past where the Fed has surprised markets by raising rates even when the probability of a rate hike was low. If the Fed does surprise markets by raising rates, it could lead to a sell-off in the markets. The Nasdaq future could decline by as much as 5%.
Here is my opinion and forecast for where the Nasdaq future might decline to, should the market be surprised by an unexpected rate hike:
I believe that the Nasdaq future could decline by as much as 8% within the next few weeks, if the market is surprised by an unexpected rate
USDJPY rotates lower and back below the 100/200 hour MA. Ups and downs continue.
2023-06-08
The 100/200 hour MA is now resistance again at 139.70
The USDJPY moved lower after the initial jobless claims moved to new 20-month highs. The data, pushed the USDJPY back below its near converged 100/200 hour moving averages at 139.70. Those moving averages are not risk-defining levels for sellers looking for more downside momentum. The price needs to stay below to keep the sellers more in control in the short term.
GBPUSD buyers try to make a play. Can they keep the momentum going?
2023-06-07
Buyers move above the 100 are moving average 1.24542.
The GBPUSD buyers are trying to make a play to the upside. But the question is can they keep the momentum going? The move so far has taken the price above a swing area between 1.2435 and 1.24497 and the 100-hour moving at 1.24542. Staying above those levels would keep the buyers more in control in the short term. The low price today could not extend below the low price from yesterday giving the buyers a go-ahead to push the upside.
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