DNP-FX

DNP-FX

USDCAD is technically showing bullish indications: 1. Price is close to the trendline 4th Touch support . a rebound is possible. 2. If the 4th touch support fails to rebound, the next rebound target is the 8th touch support .

DNP-FX

AUDCHF is technically showing bullish indications: 1. Price is close to trendline support. 2. CCI 20 Crossed -90 lower band, reinforced oversold area. Be aware of this risk, the presence of bearish marubozu candlestick, the lower bearish potential is also possible

DNP-FX

EURAUD is technically showing bearish indications: 1. Price is above BB20 upper band. 2. Sotchastic 5 3 3 %K crossed %D, reinforced overbought area. 3. Price is close to trendline resistance. With the presence of three white soldiers candlestick, the higher bullish potential could also occur

DNP-FX

USOIL is expected to be sideways within the ascending triangle area. The price has a possibility to reach the resistance area of the 8th touch. Breakout or rebound scenarios can occur at the touch point of the trendline, but if the price turns out to be a breakout from the support/resistance area. a big trend will likely occur. The existence of horizontal support...

DNP-FX

Crude oil prices in most of the world's physical markets have started the year with a rally, as China has shown signs of buying more, and traders fear sanctions against Russia could tighten supplies. Early indications show there has been an increase in activity, which means oil demand will increase. The EU and G7 coalition will cap the prices of Russian products...

DNP-FX

Bank of England is projected to raise interest rates by 50 basis points (bp) to 4% on February 2nd. There is another possibility that the Bank will add 25 basis points in March, making the peak rate 4.25%. This news could support a buy the rumor sentiment in Pound Sterling. GBPNZD is in the H4 support area and RSI 10 is oversold. Technically, if both reasons are...

DNP-FX

Dow Jones and S&P 500 fell nearly 2% in Wednesday's overnight market, which was the biggest daily drop for both indices in a month. The decline came after weak economic data was released overnight, reigniting fears of a recession. In addition, hawkish comments from Federal Reserve officials also further worsened the fundamental mood of investors. Before the wall...

DNP-FX

The fall in the yen exchange rate cannot be separated from the BoJ's move to maintain the yield curve control (YCC) policy at 0.5%. YCC is a BoJ policy that holds 10-year bond yields close to 0.5%. When the yield starts to move away from 0.5%, the BoJ will purchase bonds. The purchase means the BoJ is injecting liquidity into the economy. The policy was widened...

DNP-FX

AUDCHF is in a potential support area. Stochastic 5,3,3 is oversold and stochastic value %K crosses above %D. Historically, if both reasons are valid, the price will be bullish in the future. Today, Market participants still waiting for clarity on SNB's monetary policy stance. The price will tend to be sideways and it's at the bottom to return higher.

DNP-FX

USDCHF is on a buy opportunity, the tolerance of the main support trendline is around -0.22%. The price is in the H4 support area , RSI 10 is oversold. Historically, if both reasons are valid, the price will be bullish in the future. Market participants are waiting for PPI and retail sales, which could lead to negative sentiment for the USD. Bearish is possible to...

DNP-FX

USDJPY is in a bearish channel pattern, the price cannot be said to be valid for a bullish trend before it breaks out from the bearish channel resistance area. prices still tend to be sideways between resistance and support. This bearish condition can be caused by several things, including declining economic conditions in a country or it could also be due to...

DNP-FX

CADCHF has the opportunity to continue the analysis of the previous double bottom pattern Double bottom pattern is a bullish reversal pattern that occurs at the bottom of a downtrend and signals that the sellers controlling the price action so far are losing momentum. Pattern resembles the letter “W” due to a two-touched low and a change in trend direction from...

DNP-FX

AUDCAD is in a potential resistance area, today's opening price has a wide gap. If the close candlestick covers the gap area, most likely the area (0.933-0.932) will become a support area.

DNP-FX

HFJPY is on a buy opportunity, the price is in the H4 support area, RSI 14 is oversold. Historically, if both reasons are valid, the price will be bullish in the future.

DNP-FX

Bitcoin is now trading in the range of 17,000-18,000 USD levels after rising on this week. At current levels, the price of bitcoin is indeed in a precarious position where it could swing up or down quickly. Resistance levels (7 and 4) mean that the price of the cryptocurrency can swing either way and, moreover, it doesn't take much time to trigger such...

DNP-FX

The trendline is the most common part of technical analysis in forex trading. But when compared to support and resistance, trendlines are less commonly used. The trendline should be more significant due to the number of touches. Trendlines are very suitable in combination with several technical indicators, one of which is the Money Flow Index (MFI). MFI is an...

DNP-FX

Canadian dollar exchange rate has the potential to strengthen in today's trading as investors await the release of US inflation data. The market expects US inflation to fall again in the December 2022 period and drive expectations of a smaller Fed rate hike.

DNP-FX

PT Pakuwon Jati Tbk is an Indonesian real estate developer based in Surabaya and the holding company of the Pakuwon Group. In 2023 the company prepared a budget for land expansion. This year PWON has prepared a capital expenditure (capex) fund. PWON has obtained a fixed price and started installments for land in Batam. PWON will enter new projects such as...