Tag: Technical analysis

news-15102024-140401

NZDUSD Technical Analysis: Bearish Momentum Stalls

The US Dollar's bullish momentum appears to be slowing down despite the recent higher-than-expected US CPI and PPI reports. The market has adjusted its expectations for aggressive rate cuts and is now in line...
news-11102024-124901

EURUSD Technical Analysis: Market Needs More for USD Gains | Forexlive

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...
news-10102024-124424

NZDUSD Technical Analysis: Greenback Support Ahead of US CPI

The US Dollar saw a strong rally last Friday after a positive US NFP report, leading to a shift in market expectations regarding rate cuts. This week, the greenback continued to rise as the...
news-09102024-122850

GBPUSD Price Action Analysis: US CPI Data Impact on Rangebound Trading | Forexlive

The USD saw a rise in value last Friday after a strong US NFP report. This caused the market to adjust its expectations for rate cuts, aligning more closely with the Fed's projections. Moving...
news-06102024-093331

EUR/USD Weekly Forecast – Action Forex

EUR/USD has been on a downward trend recently, with a strong break of the 55-day EMA at 1.1031 indicating a reversal in the near term. This suggests that the currency pair may experience further...
news-04102024-055309

USD/JPY Rally Resumes Ahead of US Nonfarm Payrolls Report

The USD/JPY pair has resumed its rally, breaking above the 145.00 resistance level. On the 4-hour chart, a bullish trend line is forming with support at 145.80. This indicates a positive momentum for the...
news-13082024-134257

S&P 500 Technical Analysis: Growth Scare Fading | Forexlive

The S&P 500 saw a strong bounce last week after positive US Jobless Claims figures calmed fears about the labor market following a weak US NFP report. This has led to a decrease in...
news-13082024-013622

Enhancing Trading Strategies: Finding Excitement Beyond the Sidelines

I am being careful with risky investments right now, but I can see reasons to be hopeful. Firstly, the Federal Reserve has shown its support recently, which is a positive sign. Secondly, while there...
news-12082024-132329

Gold Price Forecast: Bullish Momentum Strengthens as Traders Await US Inflation Data

Gold prices saw a positive trend on Monday, continuing its recovery for the third consecutive day after a sharp decline last week. This increase was driven by speculation that the Federal Reserve might consider...
news-12082024-005749

S&P 500 Bottom Forecast: Week of August 12th (Technical Analysis)

What a week it has been in the stock market! Despite the ups and downs, the S&P 500 managed to close at 5344, just slightly lower than the previous Friday. The big question on...