TRADE ANALYSIS

USDCAD makes it to the key cluster of resistance at 50% & 100/200 bar MAs on 4-hour chart

USDCAD makes it to the key cluster of resistance at 50% & 100/200 bar MAs on 4-hour chart

My look at the USDCAD yesterday, outlined the patrons taking management, but in addition highlighted a key cluster of resistance (you can even watch the video there). Read moreAsia FX dips amid Fed uncertainty, yen down as BOJ maintains courseMore particularly, I wrote: The USDCAD patrons are making a play with a transfer above the …

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Nasdaq Composite Technical Analysis - The bearish bias is still intact

Nasdaq Composite Technical Analysis – The bearish bias is still intact

The extra hawkish than anticipated revision to the FOMC Dot Plot final week retains on weighing on the Nasdaq Composite because the market would possibly beginning to be worrying that the Fed may go additional with its tightening cycle and ultimately result in a recession. Fed Chair Powell has additionally admitted that the comfortable-touchdown state …

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GBPJPY Technical Analysis - Lower prices expected

GBPJPY Technical Analysis – Lower prices expected

UK: The BoE stored rates of interest unchanged. The central financial institution is leaning extra in direction of protecting rates of interest “higher for longer” however it stored a door open for additional tightening if inflationary pressures have been to be extra persistent. Key financial information like the newest employment report confirmed a really excessive …

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The AUDUSD technical story remains the similar, with a negative tilt.

The AUDUSD technical story remains the similar, with a negative tilt.

The AUDUSD technical story remains largely the similar. The pay remains inside its up-and-down buying and selling vary (see crimson field on the chart under) with a short-term negative bias. The negative technical bias comes as a result of the worth is under the 100 and 200 bar transferring averages on the 4-hour chart between …

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USDCHF keeps its bulish run, but it pushing toward key retracement resistance

USDCHF keeps its bulish run, but it pushing toward key retracement resistance

The USDCHF is shifting increased for the 10 days in 11. The transfer increased right this moment because the pair inside a swing space between 0.9118 and 0.9169. Just above that stage is the 38.2% retracement of the transfer down from the November 2022 excessive to the low reached in July. That retracement stage is …

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