Category: cluster
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The USDCAD tries to keep a short term negative bias below a cluster of moving averages
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As the week comes to a close, it is important to take a look at the USDCAD currency pair with an eye to the week ahead. This week, price action became more volatile on Wednesday thanks to the FOMC decision on interest rates. The initial move was to the downside,…
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The USDCAD tries to keep a short term negative bias below a cluster of moving averages
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As the week comes to a close, it is important to take a look at the USDCAD currency pair with an eye to the week ahead. This week, price action became more volatile on Wednesday thanks to the FOMC decision on interest rates. The initial move was to the downside,…
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AUDUSD moving into a cluster of technical levels. Can the momentum continue?
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The AUD/USD pair reached session highs, surpassing two of the four key technical levels: the 50% retracement of the move down from July at 0.6473 and the 100-bar moving average on the four-hour chart at 0.6577. The current price is trading at 0.6586. Next targets are the 200-day moving average…
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GBPUSD trades to a new low and with it, a cluster of support targets
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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AUDUSD runs into a cluster of support as the week moves toward the close.
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The AUDUSD pair has been down this week, but as the week comes to a close, the AUDUSD pair is facing a range of support as the week comes to a close. The area is located between 0.6676 and 0.6689. He targeted this area in the post on Wednesday, saying:…
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AUDUSD runs into a cluster of support as the week moves toward the close.
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The AUDUSD pair has been down this week, but as the week comes to a close, the AUDUSD pair is facing a range of support as the week comes to a close. The area is located between 0.6676 and 0.6689. He targeted this area in the post on Wednesday, saying:…