OANDA:EURUSD FORECAST - TECHNICAL ANALYSIS EUR/USD jumped on Wednesday, with bulls seemingly determined to challenge trendline resistance at 1.0950 after the FOMC announcement. In the event of a retest, sellers will need to fend off the advance; otherwise, there will be minimal obstacles to a rally towards 1.0970, a key Fibonacci level. Alternatively, if upside...
Earlier in the week, USDJPY surged to multi-decade highs around 154.80 before retracing slightly from those lofty levels as the weekend approached. If the downward reversal gains traction in the upcoming trading sessions, support looms at 153.20 and 152.00 thereafter, with 150.80 possibly becoming a focal point if these price thresholds are breached. On the flip...
The Bank of Japan (BoJ) increased its policy interest rate to 0.00-0.10% in March, bringing interest rates out of negative territory. Although the yen was expected to increase, the market witnessed a decline in the yen, causing the OANDA:USDJPY exchange rate to increase. Although the Bank of Japan gave limited guidance on further policy tightening, markets...
USDJPY edged lower on Wednesday, stepping off its multi-decade high established in the previous session when the pair hit 154.78. Should the downturn reversal gain momentum later this week, support can be spotted at 153.20 and 152.00 thereafter. Below these levels, 150.80 may become a focal point. Conversely, if USDJPY resumes its rally, resistance looms at...
The US dollar surged on Wednesday due to higher-than-expected US inflation numbers. This led to USDJPY reaching new highs for 2024 and its strongest level since 1990. The March Consumer Price Index report showed persistent inflation in the North American economy, reducing expectations for a June FOMC rate cut. Headline CPI increased by 3.5% YoY, surpassing...
US DOLLAR FORECAST – OANDA:USDJPY - U.S. dollar loses ground on Monday ahead of high-impact events later in the week - Core PCE data and Powell’s speech on Friday will be the center of attention - This article examines the technical outlook for USD/JPY The dollar fell slightly on Monday, but losses were limited by higher U.S. Treasury yields. Traders took...
OANDA:USDJPY FORECAST - TECHNICAL ANALYSIS USD/JPY traded within a confined range on Thursday, lingering just below overhead resistance at 152.00. This technical barrier warrants close attention, as a breakout might prompt intervention from the Japanese government to support the yen. Should such a scenario unfold, a rapid reversal below 150.90 could occur ahead...
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Hello dear traders! Overall, the down trend of BTCUSDT continues to form. A flag setup is gradually forming on the 4-hour chart. Theoretically, the price will quickly break the current market structure and correct further. This can generally determine the medium-term potential. The price is testing the 0.618 and 0.5 Fibonacci levels equivalent to the $64,801 and...
What I'm expecting to see, is price to go down from here targeting the equal low below the price for sell side liquidity, as price has reached an area of resistance, Bearish orderblock
✅NZD_CA D is making a Bullish rebound from The rising support line So we are bullish biased And we will be expecting A further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! AUD-USD is going up now And the pair broke the key Horizontal level of 0.6488 Made a retest and is moving Up again so we are bullish Biased and we will be Expecting a further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
✅CHF_JPY is going up now But a strong resistance level is ahead at 171.69 Thus I am expecting a pullback And a move down towards the target at 169.58 SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Gold prices fluctuate sharply up and down but follow a gradual upward trend and sometimes reach close to 2,400 USD/ounce. Geopolitical tensions in the Middle East tend to increase when Israel announces it will retaliate against Iran. According to Qatar's Al-Jazeera TV channel, a senior US official said that Israel could attack targets deep inside Iranian...
Hello,Traders! GBP-USD went up and Has reached a horizontal Resistance of 1.255 so I am locally bearish biased And I will be expecting A local bearish pullback Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
✅AUD_NZD is trading in an Uptrend and the pair broke The key horizontal level Of 1.095 so we are bullish Biased and we will be Expecting a further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! EUR-AUD went down and Retested the rising support Just as I expected and now We are already seeing a Bullish rebound so I think That we will see a further Move up from support Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!