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 […]
The US dollar halted its descent in the Asian session on Thursday as the recently announced Federal Reserve interest rate hike rocked the financial markets. Money markets anticipated the 75 basis points (bps) increase announced yesterday and had already priced in this possibility and several other rate hikes as inflation continues to swell. The greenback […]
AUD/USD gets to lower price levels around 0.7030, after its renews its 3-weeks low. Bad news from China combined with risk-avoiding moves supported the downward forces. This caused the AUD/USD to drop for 4-days straight. However, the AUD/USD pairs risk gauge losses can be related to rising anxieties of rising US inflation and aggression of […]
USDJPY Analysis – June 9 USDJPY price is still proactive in its bullish tendency despite a break over beyond the 131.260 key level. However, the stochastic indicator is drawing our attention to the overbought area, even though the price value is continually engaged in shooting the market influence higher in an upward direction. The signal […]
USD/TRY keeps moving towards the $17.00 mark while refreshing its yearly high for the 3-days straight. The pair is receiving offers near $16.85 before today’s European trading period. The US dollar correction might be the promoter of USD/TRY’s new strength. Nevertheless, the dissimilar monetary policies between the Federal Reserve and the Central Bank of the […]
