Technical Analysis AUDUSD trades lower today and makes a new week low heading into the weekend. What next? Posted onJuly 21, 2023 The AUDUSD saw some up-and-down price action this week, with a ceiling near 0.6840 (there was a failed break on Thursday that was quickly reversed). …
Forecasts British Pound (GBP) Forecast: GBP/USD and GBP/JPY Outlooks Diverge Posted onJuly 21, 2023 The British Pound turned lower against a range of currencies this week after inflation data missed expectations, but GBP/JPY moved higher Friday. Source
Technical Analysis USDCAD trades down and back up. Above the 100/200 hour MAs, but work to do. Posted onJuly 21, 2023 The USDCAD traded in a relatively narrow trading range this week with the price reaching the week’s high on Tuesday. That move took the price …
Technical Analysis The USDCHF stays above the 200 hour MA. What does that mean for traders/technicals? Posted onJuly 21, 2023 The USDCHF this week traded to the lowest level since January 2015. That is a long time ago. However, the price hasn’t bounced higher. Yesterday …
Central Banks The Bank of Japan walks a fine line as yen strength unwinds Posted onJuly 21, 2023 The Bank of Japan is playing with fire. Today’s leak that they’re inclined to leave yield curve control unchanged isn’t a huge surprise given Ueda’s …
Technical Analysis GBPUSD moves to new lows for the week and below a swing area but sees a rebound Posted onJuly 21, 2023 The GBPUSD has moved lower this week and in the process moved below the 50% midpoint of the move up from the June 29 low …
Technical Analysis The EURUSD holds near the low from yesterday and ahead of 38.2% retracement target. Posted onJuly 21, 2023 The EURUSD moved up to test the 61.8% retracement of the move down from the January 2021 high during Tuesday’s trade. That retracement level came …
Technical Analysis The USDJPY is higher but coming off the highs into support. Find out where that is here. Posted onJuly 21, 2023 The USDJPY has moved sharply higher in trading today helped by Japan’s CPI data and expectations that the Bank of Japan will keep their yield …
Technical Analysis The CHF is the strongest and the JPY is the weakest as the NA session begins Posted onJuly 21, 2023 The CHF is the strongest and the JPY is the weakest as the NA session begins. The USD is mostly higher. Stocks in the US …
Technical Analysis NZDUSD Technical Analysis – Make it or Break it moment for the Buyers Posted onJuly 21, 2023 The last week, the miss in the US CPI report has led to a big US Dollar selling across the board as the market expected …
Technical Analysis USDCHF Technical Analysis – The USD comes back to life Posted onJuly 21, 2023 The miss in the US NFP and CPI reports triggered a selloff in the US Dollar across the board. The market got increasingly confident that …