The Euro continues to rise after Christine Lagarde's statement. The EUR/AUD is correcting above the sideways movement, which indicates the continuation of the bullish trend. The support area of 1.5860 with a 0.618 fib level is a good entry point for buying
The annual inflation rate in Switzerland stood at 3 percent year-on-year in November 2022, unchanged from the previous month's five month low, and in line with market expectations of 3 percent. Cost slowed for transport (6.4% vs 6.7% in October), housing & energy (4.3% vs 4.5%) and restaurants & hotels (1.5% vs 1.6%). At the same time, prices declined for both...
Bank of Japan Governor Haruhiko Kuroda by doubling a cap on 10-year yields, sparking a jump in the yen and a slide in government bonds in a move that helps pave the way for possible policy normalization under a new governor. The BOJ will now allow Japan’s 10-year bond yields to rise to around 0.5%, up from the previous limit of 0.25%, while keeping both short-...
There is a rejection at the resistance level of 170.50, the bearish structure became clear after breaking the support at 137.50. the Correction at 0.5 FIB retracement is a good entry point to target the bottom 165.50. For premium signals, contact me privately.
Reserve Bank Governor Philip Lowe has apologised to Australians for giving them unclear guidance that led to hundreds of thousands taking out big mortgages in the expectation that interest rates would stay low until 2024. Towards the end of 2020 and for nearly all of last year, Dr. Lowe said interest rates would not likely rise until 2024. For professional...
After breaking the support level of 1.0300, the price is retesting the level and correcting the bearish impulse at 0.382. Rejection from the level is a good sign that the area will turn into resistance. For professional signals, contact me privately.
The complex correction stopped at the support area of 138.80, which resulted in a perfect buying structure represented by Elliott waves. The support area of 141.30 in the short term is an excellent buy area, especially since the correction wave did not overlap with the impulse wave. For a professional signals, contact me privately.
90 pips last Thursday, the pair forms good selling setups after the fake break of the resistance 1.5470, the price returns to decline after the correction that stopped at the Fibonacci level of 0.618
Gold failed to break the hight ime frame resistance level 1786, this rejection coincides with the dollar's rise. The selling structure was formed after breaking the previous support in the short term, indicating more declines.
The dollar rises today at levels of demand against all pairs. On the USD/CHF pair, the dollar found support at the demand level of 0.9385, forming a buying structure, and breaking the resistance of 0.9465.
Just one day after the US interest rate hike, the Bank of England’s decision on interest rates in Britain has now been issued, which came in line with experts’ expectations to raise by 0.75%, to now reach 3.00% after it was 2.25%, which is the highest rate since 1989, i.e. 33 years ago , indicating that the Fed is following the Fed's lead in favoring stagnation...
The dollar fell last week, affected by the inflation data. Has the market trend changed? The US dollar is still strong after raising interest rates by 75 points, and the Fed will continue this approach Technically, the pair was rejected by the daily resistance area of 1.0335, forming a short-term selling structure. I think it will be a selling week on all the US...
hello traders. After the rise of the euro, as for all currencies, it was unable to break the previous high, which confirms that it is a correction of the bearish trend. Today I focus on selling EUR/AUD after breaking the previous support, the target level1.5455.
The yen is still weak and facing selling pressure, and there is no tightening from the Central Bank of Japan to stop the yen's fall. After breaking the resistance level of 170.00, the price retraced and test the previous support area of 179, which I see as a good level to continue the bullish trend.
hello. The US dollar is still dominant in the market. After rejection from the daily supply area of 0.6522, the price is retracing and testing the lower high of 0.6465. We are targeting 0.6380
Hello, the current wave is a correction of the main bearish trend. At the 1.1280 level, the trend weakened and the momentum declined at the supply zone. I think it's a good spot to target the bottom 1.0400. Waiting for your opinions in the comments.
hello traders. I was waiting for the price to reach the supply zone 0.9850 to short it, the momentum retreated at the Fibonacci 0.5 level, confirming the end of the correction phase. Waiting for your opinions in the comments.
fundamental analysis: The sell-off in UK assets went into overdrive on Monday, sending the pound to an all-time low, slamming government bonds, and sparking talk of emergency action by the Bank of England. The market mayhem extended the damage seen on Friday in the wake of the government’s new fiscal measures, which sent investors into a panic. The plunge in UK...