The US dollar (USD) continued on a bullish trajectory on Thursday after excerpts from July’s meeting minutes showed that the US Federal Reserve plans to uphold its aggressive rate hike campaign longer to further lower inflation. The US Dollar Index (DXY) tapped a new multi-week high of 107.06. US Dollar Dominates Market Thursday The booming […]
USDCAD Analysis – August 17 USDCAD market continues to respect the upward trendline as it moves downward to hit the trendline. On the daily timeframe, the current market order flow, which began on May 18, 2021, remains bullish. Before the upward movement, the market retested and broke the previous support level of 1.2950 on the […]
USDJPY Analysis – August 11 USDJPY market bears approach the last wave as the price crashes down towards a major demand zone. This market wave began its first impulse on the 9th of March, 2022. Currently, the market appears to be following the Elliot waves theory, with prices moving in fractals. USDJPY Significant Zones Supply […]
USDCAD Analysis – August 10 USDCAD market shows signs of the trend change after hitting the supply zone at 1.3230 on the 14th of July, 2022. The overall market order flow has been bullish since June 1, 2021. The bullish market trend was a result of the market rejection at the demand zone of 1.2000. […]
USDCAD Analysis – August 3 USDCAD market order flow remains bullish. The daily timeframe chart appears bullish due to the higher highs and higher lows in formation. The bullish order flow began on the 1st of June, 2021. Till August 20th, 2021, the upward movement of prices was so steep, indicating the high momentum of […]
USDCAD Analysis – July 27 USDCAD resumes the market trend in a downward direction after consolidating within the Bollinger Bands (BB) of the daily timeframe. After the supply zone of 1.4700 was reached, the market experienced a downtrend throughout 2020. The market has been descending through a creek until May 18th, 2021. The market is […]
The US dollar (USD) ended the week as one of the worst performers, putting an end to its three-week consecutive bullish streak. USD sell-off increased on Friday following poor PMI data figures that showed the US economy was currently in contraction. Declines in benchmark yields further intensified the sell-off, as traders’ bets showed a mass […]
USDJPY Market Analysis – July 22 USDJPY prepares to change market trend from an upward direction. USDJPY market began to rise in mid-March. The USDJPY rallied higher, breaking through the previous resistance level of 126.00 to reach the other previous resistance level of 131.50. When the market reached the previous resistance level of 131.50, the […]
XAU/USD has surpassed the important ceiling level: Resistance of $1,810. Presently the yellow metal is trying to stay above the same level, as the United States dollar index: DXY gets weaker. Traders have resorted to idly waiting, as they anticipate the publication of the minutes June gathering. Therefore, XAU/USD is anticipated to show uncontrolled movement […]
