AUDUSD was seen resisted again at a 2-month long resistance level 0.73.
A bat formation is formed this time and an inverted hammer has appeared right at point D of the bat formation.
As the dollar has retraced significantly after break above 97, it is very likely that the dollar may resume appreciation. Powell has stayed hawkish on rate hike too.
Therefore, with a...
I thought we are gonna get a reversal with the huge bid upon tagging the 200 weekly MA but so far its just retesting the breakout
Entry: 1.15665
Stop: 1.7459
Target: 1.06670
Hello traders,
Jerome Powell is going to deliver his first testimony about monetary policy today at 16:00 GMT +2. Either today and tomorrow´s testimony in the senate are going to be crucial in order to catch more interest rate hike signs.
Currently EURUSD is facing a clearly bearish medium term trend, unable to clearly break the 1,1768 level, quoting below the...
Hello Traders!
We're expecting the Fed's to raise the interest rates by a quarter at 14:00 EST and we're also awaiting on Powell's first speech. My bias remains bearish for the FX:EURUSD but i do expect a push higher prior to the drop to new lows given that the current rate hike is already priced in and what everyone is waiting for is the details on the plans...
Considering our chart, we can observe a price reduction. If we evaluate our daily chart from the point of view of wave analysis, then we will see the 4th wave, which indicates a decline in this pair. And soon we expect the 5th downward wave. Especially after the statements of Jerome Powell, we expect the strengthening of the reserve currency.
Therefore, we will...
We could see more bullish momentum on DXY with Powells recent comments about interest rate hikes powell is due to speak again tomorrow. WE have broken resistance of 90.50 if we hold above this resistance we can see more upside potential for DXY
