From the daily chart below, we can see that the price was trading in a bearish channel. The big decline since November was the result of the first deviation from expectations in the US...
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XTI/USD Technical Analysis
The daily chart below shows that the price has been in a range since December 2022. Buyers betting on China’s reopening soon will see future demand increase and supply decrease amid geopolitical risks such...
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GBP/USD Forecast: Sterling Plunges during the Thursday Session
Beyond that, the British Pound could be looking at a move to the 1.15 level, which is an area where we have a big, round, psychologically important number, and of course there was the...
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USD/CHF RESUMES ITS DOWNTREND AND HITS FRESH WEEK LOWS BELOW 0.9245
Dollar plunges 0.5% on the day to test a weekly low at 0.92 5. US Treasuries fall on negative market sentiment. Concerns over rising cases of COVID-19 raise doubts about China’s economic recovery. The...
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AUD/USD Forecast: Threatens to Break Down
The 200-day EMA also seems to be offering some resistance, so it all ties up quite nicely. Whether that’s true or not is another question entirely, but I think it’s at least worth further...
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WTI Crude Oil Forecast: Pulls Back
It also looks like some of the bigger players jumping online could boost demand, but there is a bit of a lag between China’s reopening and high oil demand. West Texas Intermediate crude pulled...
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AUDUSD SUPPORTED AROUND 0.6640S BELOW THE 100-DMA, TO RECORD MINIMAL WEEKLY LOSSES
The Australian dollar would end the week with a loss of 0.50 percent. , current home sales in the US fell sharply, although they were ignored as the US dollar remained strong. AUDUSD Price...
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USD/MYR NOW PREDICTED TO TRADE WITHIN 4.6950-4.7400 – UOB
According to Quek Ser Leang, market strategist at UOB Group’s Global Economy and Market Research, a sideways trade in USD/MYR is likely in the near term, probably between .6950 and .7 00. Key tags...
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AUD/USD Forex Signal: Aussie Outlook Ahead of RBA Decision
Bullish view Buy the AUD/USD pair and set a profit value of 0.6520. Add stop loss to 0.6300. Timescale: 1-2 days. Low view Place sell stop at 0.6365 and take profit at 0.6250. Add...
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BTC/USD Forex Signal: Double-Top Pattern Forms
Bearish view Sell BTC / USD pair and set profit at 19,970. Add stop loss at 21,000. Timescale: 1-2 days. Bullish view Set buy stop at 20,800 and take profit at 21,500. Add stop...
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