EURPLN Entry 4.68762 Target Price 4.73250Two Higher Lows; Swing High; Engulfing Candlestick; Parallel Channel;
Entry Price = 4.68762
Take Profit Price = 4.73250
Foreigncurrency
GBPCHF | Parallel Channel | Pivot PointTarget Level is S1 (1.113). GBPCHF currency market created a bearish pin bar at parallel channel resistance and pivot point. Entry at 1.12362. Exit at price level 1.113.
GBPCHF | Parallel Channel | Pivot Point Target Level is S1 (1.113). GBPCHF currency market created a bearish pin bar at parallel channel resistance and pivot point. Entry at 1.12362. Exit at price level 1.113.
AUDNZD | Parallel Channel | Pivot Point Engulfing Candlestick Pattern formed in AUDNZD currency market. Enter long position at 1.06607. Target Price is 1.07700.
GBPCAD Target Price 1.62578 Engulfing Candlestick occurred in GBPCAD currency market. Bearish Candlestick pattern is a signal to enter the market. Enter a short position at price level 1.63518. Exit market at 1.62578 price level.
USDCAD Target Price 1.35391Enter market at price level 1.35992. Enter multiple short positions. Exit market at price 1.35391.
USDJPY Entry Price 134.011USDJPY formed a bearish candlestick at horizontal level and channel resistance level. This is a signal to enter a short position.
CADJPY Entry Price 99.079CADJPY formed a rejection candlestick at horizontal resistance level and channel resistance level. This is a signal to enter a short position.
GBPJPY Target Price 161.033 Entry Price 159.229GBPJPY First Entry is 159.229. Engulfing Pin Bar Candlestick formed at channel support.
USDSGD Engulfing Candlestick | Entry Price 1.34566Bullish Engulfing Candle formed at Support Level. Enter a long position.
AUDUSD Target Price 0.67673Initial entry was 0.66650. Currently, trailing stop loss to target price 0.67673.
CHFJPY Target Price 141.028CHFJPY Currency Market formed a pennant pattern. Enter short position at channel resistance level.
EURJPY Target Price 138.800Enter short position after candlestick wick touches trend line resistance level.
NZDJPY Entry Price 83.406NZDJPY Currency Market formed a parallel channel. Enter short position at channel resistance level.
AUDUSD Target Price 0.67500Enter AUDUSD currency market at price level 0.66580. Target Price 0.67500.
AUDUSD Target Price 0.67218AUDUSD currency market is bullish. Enter a long position near pivot point level.
USDHKD Target Price 7.79610USDHKD Market produced a rejection candlestick / pin bar. Enter long position.
THE IMPACT OF INTEREST RATES ON FOREX MARKETHello again! Interest rates can have a significant impact on the forex market , as they can affect the demand for and supply of different currencies. In general, higher interest rates tend to attract foreign investment and increase the demand for a currency, as investors can earn a higher return on their investments. This can lead to an appreciation of the currency in the foreign exchange market.
On the other hand, lower interest rates may discourage foreign investment and reduce the demand for a currency, leading to a depreciation of the currency in the forex market.
Interest rates can also affect the attractiveness of a country's assets, such as stocks and bonds, which can in turn affect the demand for its currency. For example, if a country has high interest rates, its assets may be more attractive to foreign investors, leading to an increase in demand for the country's currency.
In addition to the interest rate level, the direction and pace of change in interest rates can also affect the forex market. If a central bank is expected to increase interest rates in the near future, it may lead to an appreciation of the currency, as investors anticipate higher returns on their investments. On the other hand, if a central bank is expected to lower interest rates, it may lead to a depreciation of the currency.
Overall, the relationship between interest rates and the forex market is complex and can be influenced by a variety of factors, including economic conditions, inflation expectations, and global market conditions.
