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USDCHF trendline fully bullish read the caption The USDCHF earlier today reached up to the highest level of the year at 0.90949. However the last three or four hours have seen a rotation to the downside after the weaker than expected ISM nonmanufacturing data. Fed's Powell also, the market at that sending yields lower and the US dollar lower in the process. That good news sent the price of the USDCHF down below is 100 hour moving average at 0.9043 and down to the 200 hour moving average 0.90296 Hundreds road lower, the prior highs from last week at 0.9061 and 0.90636
Long
by Mrsam36
💥 USD JPY bearish moving) 4H )Hello trader’s what do you think about usdjpy)? Usdjpy bearish moving retest rsl levels same Bak sell zone 138.570 The US dollar declined against its major trading partners early Friday, except for a gain versus the euro, ahead of the release of the New York Federal Reserve's Empire State survey for December, the first manufacturing reading for the month, at 8:30 am ET. November industrial production data are set to be released at 9:15 am ET, followed by S&P Global's flash estimates of manufacturing and services conditions for December at 9:45 am ET. With the Fed's pre-meeting "quiet period" now lifted, appearances by officials should pick up in the coming week before the holidays begin. A quick summary of foreign exchange activity heading into Friday: USDEUR fell to 1.0966 from 1.0992 at the Thursday US close but was above a 1.0928 level at the same time Thursday morning. The European Central Bank held its target rate steady Thursday, as expected, and said that rates will need to remain elevated "as long as is necessary," according to ECB President Christine Lagarde. There was no discussion of rate cuts at the meeting, Lagarde said. The next ECB meeting is scheduled for Jan. 25. The Eurozone manufacturing and services sectors continued to contract in December, a preliminary purchasing managers' index released earlier Friday showed. GBPUSD rose to 1.2774 from 1.2766 at the Thursday US close and 1.2664 at the same time Thursday morning. UK manufacturing PMI showed continued contraction in December, but the services reading moved further above the breakeven point to signal faster expansion, preliminary data released earlier Friday showed. The next Bank of England meeting is scheduled for Feb. 1 after the BoE maintained its target rate Thursday and said rates will need to remain elevated for some time. USDJPY fell to 141.6480 from 141.8862 at the Thursday US close but was above a level of 141.5921 at the same time Thursday morning. Preliminary Japanese manufacturing PMI for December showed further contraction while the services sector expanded at a faster rate than in the previous month, data released overnight showed. The next Bank of Japan policy meeting is scheduled for Dec. 18-19, with the statement released in US time Monday evening. USDCAD fell to 1.3381 from 1.3406 at the Thursday US close and 1.3448 at the same time Thursday morning. Canada housing starts data for November are scheduled for release at 8:15 am ET, followed by wholesale sales data for October at 8:30 am ET. The next Bank of Canada meeting is set for Jan. 24. BoC Governor Tiff Macklem is scheduled to speak at 12:40 pm ET.
Short
by SMC-Trading-Point