AUD USD NICE FVG at 1300 time daily High broken with Low and high taken.AUD/USD reaches a new high for 2024 at 0.6839 on Thursday, after the leg higher that began at the September 11 lows extends. It has since edged back down marginally to just above the 0.6800 mark.
AUD/USD falls to near 0.6700 as Aussie growth worries weigh on the Australian Dollar. Soft US PPI has renewed debate for potential Fed interest rate cut size. AUD/USD recovers from 38.2% Fibo retracement. The AUD/USD pair corrects to near the round-level support of 0.6700 in Friday’s European session. The Aussie asset declines as the Australian Dollar (AUD)...
Meanwhile, the US Dollar (USD) is also underperforming against its major peers as softer-than-expected United States (US) annual Producer Price Index (PPI) data for August has brought the debate over the likely interest rate cut to size by the Federal Reserve (Fed) back on the table. Market speculation for the Fed to start reducing interest rates aggressively from...
We have a great zone where price could possible go. Lets wait for the Markets to open The zones and charts look good.
Great idea on a chart.Australia Dollar Forecast: AUD/USD Reverses Ahead of January High AUD/USD may track the August range as it reverses ahead of the January high (0.6839), and the Relative Strength Index (RSI) may continue to show the bullish momentum abating as it moves away from overbought territory. Join David Song for the Weekly Fundamental Market Outlook...
GBP/USD found a second day of gains as bidders return to Cable. Despite a miss in US early US jobs data, sentiment remains high on rate cut hopes. US NFP data on Friday to serve as a dipstick on the depth of upcoming Fed rate trim. GBP/USD climbed for a second straight day on Thursday, setting up for a bullish recovery despite failing to recapture the 1.3200...
This is a great set up. AUDCAD is in a ranging market so, if the news drives price action to resistance, we may have a short opportunity. Or, in the case of GBPCAD, if the news drives price action to this upper trend line, we may also have a short opportunity.
The EUR/USD produced fast and wicked trading results as whipsaw price action developed before going into the weekend as financial institutions were hit by nervous behavioral sentiment. The EUR/USD exchange rate started last week’s trading rather comfortably near the 1.10400 to 1.10500 ratios, but by Tuesday nervous conditions globally certainly started to be seen...
he DXY is trading near its December 2023 lows and appears poised to drop toward the July 2023 lows around the 99.60 level, particularly if NFP data disappoints. A continued decline could reinforce the downtrend that has been in place since the 2022 highs. On the upside, the lower boundary of the trendline connecting consecutive higher lows between 2023 and 2024...
We have a great trend.USD/CAD edges lower to near 1.3545 in Wednesday’s early Asian session. US ISM Manufacturing PMI came in at 47.2 in August vs. 46.8 prior, missing the estimation. The BoC is likely to cut rate at its September meeting on Wednesday. The USD/CAD pair trades on a weaker note around 1.3545 during the early Asian session on Wednesday. The...
The EURUSD price confirmed breaking the bullish channel’s support line to start bearish correction for the rise measured from 1.0777$ to 1.1200$, on its way to test 1.1040$ as a first correctional target, noting that breaking it will push the price towards 1.0990$ followed by 1.0940$ levels as next negative stations. Therefore, the bearish bias will be...
US30 normally i never trade this pair but the price action looks good. We have a great ICT set up imbalance where price could possible it can go. It's Friday and we do have a lot of news. Dow Jones is one of the most popular American indices of 30 prominent stocks listed on NASDAQ or New York Stock Exchange (NYSE). The composition of the If a company declines or...
We have a great chart where price could possible go. great zones especially the Price of interests. The Canadian dollar strengthened to a five-month high against its U.S. counterpart on Monday as oil prices rose and major railroad operators focused on restoring service, after a work stoppage that threatened to disrupt the economy ended. The loonie was trading...
he Canadian dollar pared earlier gains against the U.S. dollar on Tuesday as oil prices fell and domestic inflation data supported expectations the Bank of Canada would cut interest rates further next month. The loonie was trading nearly unchanged at 1.3630 per U.S. dollar, or 73.37 U.S. cents, after touching its strongest intraday level since July 11 at...
With inflation data now in the rear-view, attention shifts to other critical areas of the US economy as we move towards the end of the week. Key reports, including July retail sales figures, the latest jobless claims, and manufacturing indices from New York and Philadelphia, are due for release today. These reports are expected to offer valuable insights into the...
ICT concept we can see a nice setup .EUR GBP i dont trade this pair but this looks great H4 high taken out. And the last BOS taken out. The EUR/GBP declined to 0.8540, UK employment data bolstered the Pound Sterling during the European session. Sentiment data made the Euro lose interest during the session. Tuesday witnessed the EUR/GBP pair fall, after the release...
Dollar Index Eases After Three-Day Rally The U.S. Dollar Index (DXY) edged lower on Friday, slipping 0.1% to 103.19 after three consecutive days of gains. The index is facing resistance at the 103.480 level, a key pivot where buying pressure stalled in the previous session. This pullback follows a dip in 10-year Treasury yields as traders assess the latest U.S....
Canadian Dollar marks third weekly plunge against US Dollar- USD/CAD rallies 1.87% USD/CAD monthly opening-range taking shape below technical resistance at yearly high Resistance 1.3849/81 (key), 1.3990-1.40, 1.4115– Support 1.3773, 1.3596-1.3617, ~1.35 The Canadian Dollar has been under assault for the past three-weeks with USD/CAD ripping to key technical...