Category: Technical
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Update technical look at the EURUSD as the price stretches to new session highs
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EURUSD extends to a new session high and in the process: It succeeded in breaking away from the 100-day moving average at 1.08235, The 61.8% retracement of the downward move from the March high at 1.08354 moved above it. It extends towards the next swing zone between 1.0875 and 1.0887.…
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Gold futures technical analysis. I am waiting to go Long on Gold at 2337.5 to 2341.5
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Gold Futures Technical Analysis and My Trading Plan – Watch the video below, Gold Traders and Investors As I delve into technical analysis of gold futures on the 1-hour time frame, my focus shifts towards identifying the most strategic buying opportunities and understanding the inherent risks associated with trading this…
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Long list of oil support: risk on, technical, inventory, Mid East, China, restocking
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
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GBPUSD Technical Analysis – A look at the chart ahead of the BOE decision
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Basic overview The US dollar has weakened across the board recently due to a more dovish than expected FOMC decision last week as the Fed decided to signal a further tapering of the QT period starting in June and Fed Chairman Powell repeatedly rejected expectations of a rate hike. Furthermore,…
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AUDUSD Technical Analysis – The pair is at a key resistance ahead of the RBA
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The US dollar weakened across the board last week due to a more pessimistic-than-expected FOMC decision, as the Fed decided to signal a further tapering of the QT period starting in June, and Fed Chair Powell also repeatedly backtracked on interest rate hike expectations. . Furthermore, data released on Friday…
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EURUSD sets technical levels in the ups and downs after the US jobs report.
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EURUSD rose sharply after the US jobs report, and in the process extended above the 50% midpoint of the move down from the March high and also the 200-day moving average (at 1.0797 currently). The price extended above those levels and the top of the swing zone up to 1.08036.…