Tag: Forex trading strategies

USD/JPY is currently in a phase of consolidation below the temporary peak of 149.97, leading to a neutral bias for the short term. The expectation is for a continuation of the rally as long...

The recent market analysis showed that the EUR/GBP spiked following the UK inflation numbers. However, despite the GBP weakness, the euro is not strong enough to capitalize on this situation. The UK yields dropped...

The British pound experienced some movement on Wednesday after a period of stagnation. During the European session, GBP/USD was trading at 1.2992, showing a decrease of 0.62% for the day. This drop caused the...

The Canadian dollar has been struggling against the US dollar for the past ten trading days, dropping by 2.1% in October. Currently, USD/CAD is trading at 1.3811, showing a 0.11% increase in Tuesday's session.The...

EUR/USD has seen a decline below the 1.1000 support zone recently. A bearish trend line is forming with resistance at 1.0945 on the 4-hour chart. The pair started its decline from the 1.1200 resistance...

The upcoming week is filled with important events that could impact the forex market. Let's take a closer look at what to expect:Monday: Key Fed governor Christopher Waller's comments on potential rate cuts based on...

Last week, GBP/USD showed a decrease in downward momentum, despite a drop from the short-term high of 1.3433. This week, the initial bias remains neutral. The currency pair is expected to find strong support...

The EUR/USD pair experienced a drop from 1.1213 to 1.0899 last week before finding some support around the 1.0920 mark. This led to a neutral stance for the upcoming week, with a possibility of...

Yesterday, the US Dollar received a boost from a higher than expected US CPI report, but quickly lost those gains. This was due to the US Jobless Claims figures also being released, showing a...

If you're finding it hard to understand what's going on with the NZDUSD price action, don't worry, you're not alone. Price action can be confusing, but looking at the technical aspects can help shed...