The AUD/NZD currency pair has recently broken through a key support level and is now being retested as a resistance level. This development comes just before the RBA interest rate decision, which is expected to result in a 25-point increase. However, traders should keep an eye out for signs that the central bank is taking a more dovish stance or downplaying the...
Gold has recently broken through a key resistance level and is currently being tested as support near the 1847 level. With a potential drop in the USD on the horizon, this setup is looking bullish for gold. If the current support level holds, traders could see a rally back up to 1870 for this precious metal.
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The USDJPY has broken outside of a long-term trendline, as well as a strong resistance zone around 130.500, and momentum has continued with a recent break of the 133.000 handle. As a result, I believe there is further potential for upside momentum to around 134.500.
The US100, also known as the Nasdaq 100 index, has been making some significant moves recently that are worth keeping an eye on for traders. Specifically, there have been a few key levels that have been broken which are often seen as indicators of price momentum and potential future price movements. One of these key levels is the 4-hour trendline. Trendlines are...
The EURUSD has experienced a pullback in February due to concerns about inflation. This concern was further highlighted by yesterday's CPI (Consumer Price Index) data, which revealed that inflation may stick around longer than expected. The release of this data has led to a boost in the USD and a bearish outlook for the EURUSD. However, despite the bearish price...
In this video, we'll take a closer look at the charts we covered in our last live session, updating and explaining our analysis. Our focus will be on the following currency pairs: DXY, EURUSD, GBPUSD, NZDUSD, AUDUSD, EURCAD, and US100. We're currently seeing a lot of potential for dollar strength, but it's important to keep an eye on the upcoming CPI release on...
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Get ready for a packed week of Forex analysis, traders! We're diving into the charts with a focus on the dollar, pound, and euro. But that's just the start - we're also keeping an eye on earnings from big names like Apple, Amazon, and Google. We'll take a look at a few charts on our watchlist and break down both technical and fundamental analysis. This week, we're...
The recent Fed interest rate decision has sent shockwaves throughout the market, and the S&P 500 is no exception. Prior to FOMC The index had made a convincing break above a 4-hour trendline that dates back to January 2022. However, now it has encountered a strong resistance level. Despite the strong upward momentum, traders should be cautious and monitor this key...
Check out my previous post "Breaking Down The FX Market: What You Need To Know" for a comprehensive video analysis. The AUDUSD has been in a bit of a tricky situation lately, as price has broken a key level and made a lower low. This has traders wondering where the pair may be headed next. However, before jumping in, it's important to wait for a pullback and not...
The EURCAD currency pair has been in an uptrend recently, but price has faced resistance and has failed to break through it. As traders, it's important to keep a close eye on key levels, such as the trendline and the dotted support line, to determine the next potential move in the market. With the upcoming Federal Reserve rate decision, traders are advised to...
The EURUSD has been on an upward trajectory for quite some time now, but the recent price action on the 4-hour chart has raised some concerns. A RSI divergence has been observed, which is usually a bearish signal. As a result, caution is advised for traders who are currently holding long positions in the pair. The upcoming rate decisions from both the Federal...
This is purely technical analysis. I'm not a crypto trader, just offering a chart.
I'll quickly go over our last predictions and update things if needed. I'll also give a possible trade plan for the upcoming NFP data. Call out anything you want to see!