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…
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…
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,…
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…
EUR USD Technical Analysis EUR/USD succeeded to stay up above 1.1350 support, break up again on a daily basis 1.1630-price level will confirm medium term rally resumption and target next key at 1.1860 and even 1.2080 However, sustained price below will extend the consolidation pattern from 1.2091 with another decline through 1.1350 support- break again last lows will confirm for…
EUR USD Technical Analysis EUR/USD succeeded to take out 1.15 support, break up again on daily basis 1.1760-price level will confirm medium term rally resumption and target next key at 1.1860 and even 1.2080 However, sustained price below will extend the consolidation pattern from 1.2091 with another decline through 1.1350 support- break again last lows will confirm for more downtrend…
EUR USD Technical Analysis With your permission this time, I will start with Eurodollar borders because I think this shuffle begins to confuse the traders in making deals and unnecessary tradingThe assumption is very simple at the moment: In the long run, I’m bearish on the pair and I think it will go down to check the open gap which…
EUR USD Analysis As I wrote last post EUR/USD we will see retracement – closed daily above 1.1430 will lead to 1.1630 and even more up targets such as 1.1670 and even 1.1740 As I said the last post – look closely we can see head and shoulders pattern EUR/USD succeeded to take out 1.15 support, break up again on daily…
