This week will be a major one for the US dollar index, as the amount of economic data released from the US might raise volatility of the instrument significantly and spark interest among traders. Apart from the JOLTS, ADP, Chicago PMI, ISM Manufacturing PMI and NFP, we also get the first one of this year’s Fed interest rate decisions on Wednesday. Currently, ...
Looking at the short-term technical picture of EASYMARKETS:BRTUSD on our 4-hour chart, we can see that the price is approaching a key resistance area, around the 81.50 hurdle, which is marked near the highest point of December 2023. At the same time, the price remains well above a short-term upside support line drawn from the lowest point of December. Although...
Overall, EASYMARKETS:GBPUSD is still trading above a medium-term tentative upside support line taken from the lowest point of March 2023. From the shorter-term perspective, from around mid-December, the pair is moving sideways within a range, roughly between the 1.2615 and 1.2800 areas. In order to consider the next short-term directional move, we would prefer...
Looking at the technical picture of EASYMARKETS:DOGUSD on our daily chart, we can see that the crypto continues to slide, after peaking in the beginning of December. It is now trading below a short-term downside resistance line taken from the high of December 11th. That said, the rate is currently finding support just slightly above the 200-day EMA and above a...
