Forex Technical Analysis The U.S. Dollar recover big time against a basket of major currencies as pessimistic increased demand for risk assets and by chance to increase rates in 2022-2023The US dollar index measures the performance of the dollar against a basket of global currenciesUS dollar index (DXY) recover from 30-month low trading at $89.40, and trade now at 92.30$Since…
EUR USD TECHNICAL ANALYSIS short term optimistic: in the other hand, The confirmation of the closing price reversal bottom is potentially bullish. Typically, this chart pattern leads to see some rally trend. Its first upside target to check 1.1350-1.1430+_, closing up above this price will mark new high targets are we going to see an extreme move like 20% down…
EUR USD TECHNICAL ANALYSIS last week EUR/USD recovered to 1.1050. M pattern could be in place – more decline is expected as long as 1.1080+_ resistance holds. Corrective rebound from 1.0879 should have completed at 1.1230+_ . The bullish potential is limited by technical indicators are we going to see an extreme move like 20% down or 50% up in…
Market’s Technical Analysis Forecast What two days were seen on the markets – crazy days …. what we should expect for today (NFP )? In my opinion Nasdaq Region 7710 + _ SP 500 2924 +- break there will be sent the sp500 to cope with 2868 level Dow Jones 26,400 + _ Those are important areas if they do…
EUR USD TECHNICAL ANALYSIS EUR/USD drops sharply to as low as 1.1033 confirms the resumption of the downtrend. The US Dollar surged in reaction to the Fed’s hawkish interest rate cut yesterday.Federal Reserve lowered its benchmark interest rate by 25 bps for the first time since December 2008 but the lack of commitment of future rate cuts turned out to…
USD/JPY Price Technical Analysis Forecast As you already know USD JPY pair tend to be sensitive to so many other markets..- we are seeing the stocks markets start making Hints of weakening and it’s reflecting on this pair (The safe-haven demand for the Japanese Yen is somewhat decreasing as the global risk sentiment has momentarily stopped worsening) USD/JPY pair move…
AUD USD ANALYSIS FORECAST Over the last three years narrow range trend in the Aussie 1000 pips 0.69-0.79 price area Are we going to get the same move (14 % ) down or the range will continue? since 2016 i have published a few articles about the Aussie Which now seems to be validated i just put here one of the…
EUR USD ANALYSIS EUR / USD trading on a very narrow price band and low volatility for the last six months. But as you will see later this Beauvoir is not forever Notice past scenarios – what happened after such times? You can see 3 cases in the past that led to sharp movements, which came after such a period,…
USD/JPY Technical Analysis Last week It took only a few minutes for the yen to surge through levels that have held through almost a decade- fat finger case, in those minutes the yen jumped almost 4 percent against the us dollar to its strongest since 2009 Whatever the cause, the moves were exacerbated by algorithmic programs and thin liquidity with…
AUD/NZD trade set up plan This could be a Diamond Bottom is considered a bullish signal, indicating a possible reversal of the current downtrend to a new uptrend. Diamond patterns usually form over several months in very active markets. The Diamond Bottom pattern occurs because prices create higher highs and lower lows in a broadening pattern. Then the trading range…
