Tag: Forex trading strategies

GBP/JPY Forecast: Key Levels to WatchIntraday bias in GBP/JPY remains neutral for consolidations above the 188.07 temporary low. Currently, the 55-day Exponential Moving Average (EMA) is holding at 194.25, indicating a potential decline ahead....

GBPUSD saw a turnaround from the support level of 1.2500 and is likely to move up towards the resistance level of 1.2720. The currency pair has been on an upward trend after bouncing back...

The focus in the markets shifted to Europe as US markets were closed for Thanksgiving. Inflation data from Belgium, Spain, and Germany was released before the upcoming EMU figure. Spanish CPI remained flat month...

The European Central Bank (ECB) Executive Board member Isabel Schnabel has expressed a cautious stance on the current accommodative monetary policy. Despite the recent dovish sentiment within the central bank, Schnabel believes that the...

The EUR/USD mid-day analysis shows that the intraday bias remains neutral and the outlook is unchanged. While there may be more consolidations above the temporary low of 1.0330, a further decline is expected as...

The latest PMI figures were just released, and unfortunately, they were not as positive as analysts had hoped. Both the Flash Manufacturing PMI and Flash Services PMI for Germany and France fell below the...

On November 19, 2024, various economic events took place around the world. Let's take a closer look at the data and forecasts for the day.Starting with the Reserve Bank of Australia (RBA) Meeting Minutes...

The EUR/USD pair is currently experiencing a neutral bias for the day, with a possibility of more consolidations. However, the overall outlook remains bearish as long as the 1.0760 support turned resistance level is...

President-elect Donald Trump has started forming his administration by meeting with outgoing President Joe Biden at the White House. This meeting symbolizes a peaceful transfer of power. Trump's cabinet picks have caused debate, especially...

The EUR/USD currency pair experienced a decline last week, dropping from 1.1213 to 1.0495 before bouncing back slightly. The initial bias for this week remains neutral for consolidations. However, the overall outlook remains bearish...