Technical Analysis USDCAD buyers took a shot at the upside and failed Posted onJuly 5, 2023 The USDCAD fell to – and through – the 200-hour MA (and a swing area between 1.3207 – 1.32299) yesterday, but failed. The price rebounded …
Technical Analysis EURUSD trades to a new low. Price is below the 38.2% retracement. Posted onJuly 5, 2023 In the earlier video (see below), on the EURUSD I spoke to the 200-hour MA above and the 38.2% below. The price needed to get …
Technical Analysis USDJPY snaps back higher after break of 200 hour MA fails Posted onJuly 5, 2023 The USDJPY fell below the 200-hour MA earlier today (see earlier video HERE). That MA is the green line in the chart above. That break …
Technical Analysis AUDUSD lower on the day after squeeze higher post RBA decision yesterday stalls Posted onJuly 5, 2023 The Reserve Bank of earlier in the change and go to sleep 10%Australia kept rates unchanged yesterday at 4.10%. There were some expectations for a …
Technical Analysis GBPUSD buyers try to take more control.Find out what is key for the buyers to keep pushing Posted onJuly 5, 2023 The GBPUSD buyers are trying to take more control in trading today after a dip lower found buyers against a key hourly MA. More specifically, …
Technical Analysis USDJPY sellers break below a key hourly MA for first time since June 14 Posted onJuly 5, 2023 The USDJPY is trading within a narrow trading range, but sellers are making a play to the downside in early US trading with the price …
Technical Analysis EURUSD range trading with some common technical levels defining the range Posted onJuly 5, 2023 The EURUSD is range trading as US trader return from the 4th of July holiday. The range is being defined by some fairly common technical …
Technical Analysis The JPY is the strongest and the CAD is the weakest as the North American session begins Posted onJuly 5, 2023 The JPY is the strongest and the CAD is the weakest as the North American session begins. The USD is mostly higher as traders return …
Central Banks ECB’s Visco: I don’t agree with idea of tightening too much over tightening too little Posted onJuly 5, 2023 That’s as clear a message that he does not support the idea of a rate hike beyond July (or maybe even the July move itself). …
Central Banks ECB’s Visco: More rate hikes is not the only way to curb inflation Posted onJuly 5, 2023 Can also aim to maintain rates adequately high for a sufficient period of time Rate decision is taken on a meeting by meeting basis, depending …
Analyst Picks Descending Triangle Unfolding on EUR/USD Posted onJuly 5, 2023 The euro is testing key support and may breakdown further should fundamentals align with the bearish technical chart signals. Source