The dollar index fell 0.1% as markets weighed potential timing of 2024 Fed, ECB and BoE rate cuts and whether the BoJ on Tuesday will offer more clarity regarding when they might hike.
That came after last week's dovish Fed and hawkish ECB and BoE meetings and Fed speakers' pushback against big 2024 rate cut pricing.
EUR/USD rose 0.3% in line with the...
Price is below the 20 period moving average and is now testing a support line(light blue 116.68) which is a key support due to the fact that it acted already as support and resistance in the past for a few times.
This area is also a convergence point between the support line(116.68) and the 56 period moving average(dark blue) and downtrend line(light purple)....
Shiba is bouncing off the descending trendline after the retracement to Fibonacci 0,5 level was finished and the downtrend continued. Decline to support level at Fibo1 level is likely to happen.
Hello,Traders!
GBP-JPY is trading in a downtrend
And now the pair is retesting a falling resistance
Thus a bearish bias is natural
But falling resistance lines aint worth much lately
So wait for some confirmation before entering
The target is the broken horizontal level below
Sell!
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M1 : What else ? Doji pattern in progress with extremely long shadows !
W1 : Currently below the weekly pivot level of 0.4108
D1 : Ongoing downtrend price action
H4 : Facing clouds resistance area and currently below TS
and MBB
H1 : Triangle pattern, trigger level activated target 0.2900
currently below the clouds
M30 : In an ongoing downtrend channel, below the...
Currently looking at a possible downside move on USDCAD to 1.259 region of support as the DOLLAR has been unable to take over buy momentum from the CAD. We may possibly see price continue to drop to the aforementioned levels. let's see how this goes. Daily and hourly trend indicates down. As the saying goes "follow the trend wherever it goes". So what are your...
D1 : Despite a strong recovery attempt, yesterday's closing price @ 13186, did not confirmed yet that the downside risk is over.
Indeed, the failure to close, at least above 13306, which is the middle of the former long bearish black candle is a first signal
that the ongoing new bear trend is in progress.
Today's price action will also be...
Pretty sure a lot of traders were focusing on this monthly bull flag - continuation to the uspide for the longer term hold (blue circle) But price fall off of that and change direction to the downside...
As we can see we are in major ascending channel with falling wedge within it as middle section to push price towards that 3rd upper touch before big short, but...
Hello traders,
This is my opinion for AUD/USD for this week.
Long term trendline resistance tested and rejected again.
Bigger support needs to be found.
I will update this trade soon when we reach 3 likes!
