AUDUSD remains pressured on early Monday, after snapping a three-week uptrend by the end of Friday. In doing so, the Aussie pair justifies its risk-barometer status as traders await this week’s key data/events comprising the US inflation, multiple PMIs and top-tier central bank meetings. In addition to the market’s anxiety, the bearish MACD signals and a...
On Friday, the highly-anticipated US Nonfarm Payrolls (NFP) rose by 199K in November from the previous reading of 150K. Additionally, the Unemployment Rate declined to 3.7% from 3.9% in the previous reading. Average Hourly Earnings held steady at 4.0%, matching market expectations. Finally, the preliminary University of Michigan Consumer Sentiment Index for...
- The Euro still looks bullish when compared to the USD - The USD has shown some huge downside, now we can expect some relief and bounce back - The Euro still shows signs of bearishness IMO. - The Euro can rip your longs if you are looking for one, prefer setting up long-only bias once the base is set and the trend in intact.
USDJPY struggles to defend the three-week losing streak as the bottom line of a bullish trend channel, stretched from late March, joins the 100-day Exponential Moving Average (EMA) to restrict the quote’s immediate downside near the 147.00 threshold. Even if the quote breaks the 147.00 support, a convergence of the five-month-old previous resistance and the...
USDCAD takes offers to refresh the intraday low near 1.3570 while snapping a two-day uptrend ahead of the Bank of Canada (BoC) Interest Rate Decision. In doing so, the Loonie pair reverses from a convergence of the 100-day Exponential Moving Average (EMA) and a month-old descending trend line, around 1.3600 by the press time. It’s worth noting that the BoC is...
EURGBP in 30 minute Time-Frame …. Price is likely to break the old support region OANDA:EURGBP
USDJPY is looking for short & has clear movement to the downside.
USDCHF touched a 13 week low at 0.8757 during the Asian session on wednesday and recovered some of its intraday losses, trading near 0.8770. The mixed US data could have contributed to the weakening of USD. The current support level of usd/chf is 0.8757, if it is break 0.8757 then it will touch 0.8744 & 0.8730 in intraday with the stop loss of 26 pips.
XAU has grown in the past three weeks. Experts predict that XAU will continue to grow in the near future. If it surpasses the 2008 threshold, XAU will still grow greatly. According to the minutes of the two-day (October 31-November 1) monetary policy meeting released on November 21, US Federal Reserve officials acted cautiously and did not intend to raise...
EURUSD is looking for long opportunity expecting target to reach at 1.10600
Following the Canadian CPI report and related FOMC minutes, the Canadian dollar remained unchanged from its base of 1.3700. In case you missed the data, both headline and core inflation are down slightly, potentially leading the Bank of Canada (BoC) to take a more neutral/accommodative stance. Central bank governor Tiff Macklem is speaking out, and given his...
According to experts, the world price of EURUSD suddenly increased sharply due to recent positive inflation data and the weakening of the USD. There is a high possibility that the EURUSD price has run ahead of the news of the meeting minutes of the US Federal Reserve (Fed) announced tomorrow morning. The USD continues to weaken as the market believes that the Fed...
Gold rose higher after the fund bought 13 tons Gold will likely continue to rise on November 21 but there will be a recovery Data released last week raised hopes that the Fed could begin easing monetary conditions sooner than expected after the job market slowed and price inflation showed signs of cooling. Lower interest rates put downward pressure on the dollar...
Data released last week raised hopes that the Fed could begin easing monetary conditions sooner than expected after the job market slowed and price inflation showed signs of cooling. Lower interest rates put downward pressure on the dollar and bond yields, increasing the appeal of non-interest-bearing bullion. The decline in the DXY index paused last week. Last...
Gold price pares the weekly gain, the second consecutive one, after the Thanksgiving holiday as traders seek more clues to stay bullish amid mixed clues. Also testing the XAUUSD buyers is the cautious mood ahead of today’s preliminary readings of the US S&P Global PMIs for November. That said, a downward-sloping RSI line from the overbought territory and the...
Similar to NZDCAD, NZDUSD has shown signs of breaking out of the downtrend on the H1 frame, refer to the Buy strategy at current price 0.6040, stop loss 0.5990, target 0.6150.
USDJPY is expecting for short and expecting target to reach at 146.200
FOREXCOM:EURUSD 15m Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and...