The EUR/USD currency pair remains under pressure, hovering around 1.1200, as the US Dollar finds its footing after a recent run of losses. A combination of factors, including positive US Core Retail Sales growth, dovish signals from the European Central Bank (ECB), and a cautious market mood, weigh on the bullish sentiment for EUR/USD on Wednesday. During...
The AUD/USD currency pair is experiencing a loss of traction, with recent strength giving way to a four-day downtrend, leading to a renewal of the weekly bottom. As trading commences in Europe early on Wednesday morning, the pair slides to 0.6785, justifying the broad strength of the US Dollar while seemingly disregarding positive prints of Australia's Westpac...
USD/CAD is navigating uncertain waters as it attempts to push back against its recent bearish bias after a two-day losing streak. Despite the Loonie pair's struggle to welcome bullish sentiment, recent developments in Canada's inflation data and the promising details of US Retail Sales are providing some support. On Tuesday, Canada's Consumer Price Index (CPI)...
Greetings, traders! Welcome back to our daily Market Analysis. Today, we have gathered the top news and interesting fundamental analysis for your consideration. Let's dive in and stay informed! Key News: UK - CPI (YoY) (Jun) Eurozone - CPI (YoY) (Jun) USA - Building Permits (Jun) USA - Crude Oil Inventories Market Sentiment Boosted by Strong Earnings and...
Pair : EURAUD ( Euro / Australian Dollar ) Description : Break of Structure SMC - CHoCH Consolidation " ABC " Corrective Wave RSI - Divergence Impulse Correction
In the Asian session, the USD/JPY pair has attracted buyers and experienced a rally, reaching near the 143.00 level. The pair has gained momentum, up 0.57% on the day, recovering from Friday's decline to a one-week low at 142.06. This recovery coincides with the US Dollar Index (DXY) making a solid comeback early on Monday. Investors are currently digesting the...
Pair : NZDJPY ( New Zealand Dollar / Japanese Yen ) Description : Rising Wedge as an Correction in STF Completed " 123 " Impulsive Waves RSI - Divergence SMC - CHoCH Break of Structure Impulse Correction
Pair : SPX500 Index Description : Bullish Channel as an Correction in STF and LTF Divergence - RSI Break of Structure Completed " 12345 " Impulsive Wave and " ABC " Correction Consolidation Phase
Although the Forex market is open 24/5, there are days when it’s better not to trade. One of those days is the 4th of July- US Independence Day. US markets will be closed and activity will be lower. This, of course, doesn’t prevent long-term positions from developing. We expect a continuation of the rise in EURUSD and a move above 1.1000!
Pair : DXY ( U.S Dollar ) Index Description : Bullish Channel as an Corrective Pattern in Long Time Frame Completed " ABC " Corrective Wave Divergence - RSI Break of Structure Impulse Correction Fibonacci Level - 78.60%
We will be looking at NAS100/US100 this week & this is our trade out look. Leave your comments below & let us know what you think #ForexPeopleFX
Hi everyone Hope you all had ah great weekend & ready fro a new month & new trading week. This is our lookout for SILVER this coming week. Let us know what you think & give us a like & follow #ForexPeopleFX
US Stocks Rebound As A Result Of Positive Economic Data Key News: USA – Fed Chair Powell Speaks USA – Crude Oil Inventories Tuesday witnessed a notable recovery in US stock indices, signaling a turnaround from a recent string of losses. The resurgence was spurred by positive economic data, easing investor concerns regarding a potential recession...
On NZDCAD, we have a bearish setup during the London session opening. I anticipate a potential retracement to level 0.8114, where we have a value gap and a supply zone with high trading volumes inside. In that zone, I expect a price bounce followed by a descent towards the 0.8075 area. We would appreciate it if you shared your opinion. We would be grateful if...
On CHFJPY, we have a bearish setup with a price that has reached the 158.40 zone within a weekly supply zone. In this area, it has created a confirmed short setup supported by strong volumes. The short trade objective is around 156.90, where we have high volumes within a demand zone. The yen, which has been weak in recent weeks, could rebound due to upcoming...
Yesterday, the USD/JPY pair experienced a decline to around 139.00 but has since shown signs of recovery. Investors anticipate that the Federal Reserve (Fed) will raise interest rates further in order to combat persistent inflation in the United States. As a result, there is optimism that the asset will surpass the significant resistance level of 140.00....
GBP/JPY maintains its bullish stance around the mid-175.00s, supported by concerns about the dovish stance of the Bank of Japan (BoJ) and selling pressure in Treasury bonds. The currency pair continues to hold onto moderate gains, reaching its highest levels since January 2016. Despite mixed concerns about the UK's economic growth, sellers remain subdued due to...
The EUR/USD currency pair is experiencing slight declines while still holding above the 1.0800 level, following an initial upward move towards the 1.0850 region. The pair is consolidating its losses as the US Dollar bulls take a break following the recent surge prompted by the Federal Reserve's hawkish stance. Traders are closely watching the upcoming European...