August 14, 2022
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Technical Analysis

Pairs in Brief – AUD/USD, S&P 500 Index

by on August 14, 2022 0

Get Forex forecasts using fundamental, sentiment and technical position analysis for major pairs for the week of August 15, 2022 here. The difference between success and failure in Forex/CFD trading is very likely to depend primarily on which assets you choose to trade each week and in which directionnot on the exact methods you...

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Index is back on the rise

by on August 11, 2022 0

The Dow Jones Industrial Average returned in its recent trading to intraday levels, to post gains in its latest sessions of 1.63%, to add about 535.10 points to it. It settled at the end of the session at the level of 33,309.52, after its decline during Tuesday’s session of -0.18%. Advertising The Dow Jones...

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Consolidation maybe today, volatility tomorrow

by on August 9, 2022 0

USD/ZAR is trading near near-term lows at the time of this writing and speculators should consider a few important potential factors. The USD/ZAR currency pair is trading near the 1.61100 mark at the time of this writing, which is close to some rather intriguing lows. Speculators should be careful today as it is a...

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Reserve Bank of Australia eyes flexible path

by on August 6, 2022 0

Summary The Reserve Bank of Australia (RBA) raised its cash rate by 50 basis points to 1.85% at its August meeting and signaled that further rate hikes will be needed to bring inflation back towards the goal over time. Several elements of the monetary policy announcement remained essentially unchanged from previous meetings. However, there...

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Silver Price Technical Forecast: Silver Jumps 13%

by on August 1, 2022 0

Silver Technical Price Prediction: XAG/USD Weekly Trading Levels silver price Updated Technical Trading Levels – Weekly Chart XAG/USD bounce off downtrend support approaching initial downtrend resistance Weekly support 18.28/69 (critical), 16.66, 15.47/59 – resistance 20.86-21.13, 22.71, 23.28 (key) Silver course jumped over 9.4% in the past week as XAG/USD bounced off confluent support in...

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WTI rebound rebounds in August

by on July 30, 2022 0

Crude Oil Technical Forecast: WTI Weekly Trading Levels Crude oilUpdated Technical Trade Levels – Weekly Chart WTI rebounds out of support – looking to validate completion of correction in August New to the oil business? Get started with this free How to Trade Oil-Beginner’s Guide Crude oil prices ended a three-week losing streak, with...

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Markets Tumbled as Investors Positioned for CPI, Nobody Smokes for Oil Crash, Forex (Euro)

by on July 13, 2022 0

Markets Stocks faltered as investors positioned themselves ahead of today’s CPI report. US IG Credit closes unchanged 3bps higher, rates rallied and equities fell (SPX: -0.92%, DJIA -0.62%, NDAQ -0.95%), reflecting uncertainty felt by investors ahead of Wednesday’s US CPI print. The Treasury curve inversion deepened to levels last seen in 2007 – the...

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Bitcoin trade idea and funny mood

by on July 10, 2022 0

Bitcoin Trade Ideas Board Bitcoin technical analysis and trade idea video: Always trade Bitcoin at your own risk only. Visit ForexLive.com for the original technical analysis Technical analysis In financial trading, technical analysis refers to the method of studying the history and price movements of an instrument, such as currencies, stocks, commodities, etc. The...

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The NFP report could gain importance again

by on July 8, 2022 0

We have seen cracks appear in the US economy in recent months. So now they’re headed to jobs reports, which puts the NFP on high alert for weakness. Rightly so, inflation has been at the heart of central bankers‘ concerns and will continue to be for the foreseeable future. But with so many leading...

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French markets give up early gains

by on June 22, 2022 0

It will be on a case-by-case basis, but overall it should drive the index lower if we do see growth being hit. French markets initially rallied to the €6,000 level on Tuesday, but the CAC was unable to hold the gain. This showed across the board as risk appetite initially returned on Tuesday, but...

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Week Ahead – Acceptance – Forex Action

by on June 18, 2022 0

Towards a recession? Last week was a great time for central banks, collectively, as well as for financial markets in general. It was the moment when the majority accepted that inflation is not just a problem, it is a problem that needs to be dealt with forcefully in order to prevent it from spiraling...

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Forex Friday: CHF, JPY and EUR

by on June 17, 2022 0

Welcome to Forex Friday, a weekly report where we discuss selected currency themes primarily from a macro perspective, but we also add a dash of technical analysis here and there. In this week’s edition, we discuss the Japanese yen and Swiss franc after central banks in Japan and Switzerland were surprised – with one...

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WTI Rally Stalls – Rollback Levels

by on June 14, 2022 0

Crude Oil Technical Forecast: WTI Short-Term Trading Levels Crude oil updated technical trading levels – Daily and intraday charts WTI price breakout stalls ahead of close of 2022 high – risk of pullback in uptrend New to the oil business? Get started with this free How to Trade Oil-Beginner’s Guide Crude oil prices jumped...

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Index slams into the 200-day EMA

by on June 7, 2022 0

I’ll be careful to put too much money in to work right away. The Parisian CAC index recovered on Monday to reach the level of €6,600. This is an area that exhibited the 200-day EMA and previous structural resistance. We pulled back from there as stocks generally lost some of their initial gains. It...

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USD/JPY Forex Technical Analysis – Higher as Tight Labor Market Data Signals Fed May Remain Aggressive

by on June 5, 2022 0

The dollar/yen rose on Friday after a better-than-expected US jobs report indicated a tight labor market that could keep the Federal Reserve on an aggressive path of interest rate hikes. Better-than-expected job growth indicates the economy is still strong, while a decline in average hourly earnings suggests growth is starting to moderate amid a...

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Short term highs approached via proper reversal

by on May 31, 2022 0

ETH/USD is flirting with near-term highs as an intriguing reversal to the upside has formed and could stir the hearts of optimistic bull speculators. Advertising In early morning trading, ETH/USD was able to reverse momentum from 2,000.00 and briefly peaked near the 2,224.00 ratio. A slowdown has occurred since the high was reached and...

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Rallies at the close after the Fed minutes

by on May 26, 2022 0

I think at best we’re probably looking at a “fade the rallies” situation. The S&P 500 rallied on Wednesday to hit the 4000 level. However, we have strayed slightly from this large, round and psychologically significant figure as we continue to see a lot of volatility. Whether or not we can hold onto the...

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Forward Guidance: Increasing Travel Demand to Drive Spending and Output Growth

by on May 20, 2022 0

The journey returns, hot. Warmer weather, fewer COVID-related health issues, pent-up demand and stock of household savings are all driving a rebound in tourism and hotel spending. Indeed, our latest map tracker showed that, for the first time, the recovery in spending on services (including airfare, accommodation and meals) has outpaced spending on physical...

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Trade support and resistance

by on May 15, 2022 0

Get our trading strategies with our monthly and weekly predictions of currency pairs to watch using support and resistance for the week of May 16, 2022. Advertisement This week I will start with my monthly and weekly predictions of the currency pairs to watch. The first part of my forecast is based on my...

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Read at the lowest level currently

by on May 12, 2022 0

Recommendation of the day on the lira against the dollar Risk 0.50%. Yesterday’s sell recommendation has been activated and it is still trading Best buy entry points Enter a long position with a pending order from levels 15.22 Set a stop loss point to close the lowest support levels 15.55. Move the stop loss...

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USD/INR forecast: May 2022

by on May 1, 2022 0

USD/INR ended April holding bullish gains made in choppy conditions, and in early May Indian Rupee traders will face a tough test. Advertisement The rupee has been extremely popular lately – don’t miss out on these exciting opportunities! Let’s trade now USD/INR enters May after holding onto bullish gains, but showing signs of a...

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USD/CAD rally stops at resistance

by on April 28, 2022 0

Canadian Dollar Technical Price Outlook: Short-Term Trading Levels Canadian dollar Updated Technical Trading Levels – Daily and Intraday Charts USD/CAD Breakout Reacts to Uptrend Resistance – Near Term Exhaustion Risk Resistance 1.2880-1.29 (key), 1.2938, 1.2951/75- Support 1.2719, 1.2676/97, 1.2640 (critical) the American dollars jumped more than 1.2% against the Canadian dollar at the extremes...

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The week ahead: Long live France!

by on April 23, 2022 0

Traders are confident that the Fed will aggressively raise interest rates “until something breaks”. The week ahead: Long live France! For most traders, the focus last week was on the ramping up of the first quarter earnings season. We saw strong results from Tesla, the trillion-dollar market giant, and brutally bad earnings data from...

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Forex Forecast: Forex Pairs

by on April 10, 2022 0

Get Forex forecasts using fundamental, sentiment and technical position analysis for major pairs for the week of April 11, 2022 here. The difference between success and failure in Forex trading will most likely depend primarily on which currency pairs you choose to trade each week and in which direction, not on the exact trading...

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Forex Forecast: Pairs in Brief

by on April 3, 2022 0

Get Forex forecasts using fundamental, sentiment and technical position analysis for major pairs for the week of April 4, 2022 here. The difference between success and failure in Forex trading will most likely depend primarily on which currency pairs you choose to trade each week and in which direction, not on the exact trading...

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Technical Analysis vs Fundamental Analysis

by on March 31, 2022 0

The debate between technical analysis and fundamental analysis as trading tools will likely go unanswered as both sides present remarkable arguments as to which one reigns supreme. This article will outline the basics of technical and fundamental analysis, leaving you with the knowledge to create your own trading journey. What is Technical Analysis? Technical...

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Pound Dips as a Retail Contract

by on March 25, 2022 0

The pound is slightly lower on Friday after disappointing retail sales and consumer confidence figures. UK retail sales, fall in consumer confidence Consumers were more wallet-conscious in February as retail sales declined. The overall figure showed a 0.3% MoM decline, following a 1.9% gain in January. This missed the estimate by 0.6%. Core retail...

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USD/ZAR Hits 5-Month Low Ahead of SARB

by on March 23, 2022 0

The South African Reserve Bank (SARB) is meeting on Thursday this week to decide how much it should raise interest rates. Expectations are for a 25 basis point hike to 4.25%, but it is possible that the central bank will hike 50 basis points following the sudden boom in commodities, especially oil, since the...

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Upcoming week: March 21, 2022

by on March 19, 2022 0

Stocks end the week in the spotlight as the S&P 500 sees the light of day. But will this prove to be a bullish trap, given the technical “death crossover” signal, as well as macroeconomic concerns such as the Ukraine-Russia conflict, soaring inflation and tightening the Fed? If you look at the financial markets...

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Bitcoin recovers very slightly

by on March 9, 2022 0

Keep in mind that monetary policy tightening and many “risky behaviors” around the world will continue to keep Bitcoin somewhat muted. Bitcoin markets rallied a bit on Tuesday to show signs of life again. The $40,000 level sits above and is essentially in the middle of the overall consolidation zone the market is currently...

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Canadian Dollar Technical Outlook: USD/CAD crashes into support

by on March 3, 2022 0

Canadian Dollar Technical Price Outlook: Short-Term Trading Levels Canadian dollar Updated Technical Trading Levels – Daily and Intraday Charts USD/CAD Tries to Break Multi-Week Range Lows – Vulnerable Recovery Below Weekly Open Resistance 1.2705, 1.2766 (key) – Support 1.2613/40 (key), 1.2514 the American dollars is down more than 0.20% against the Canadian dollar since...

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The Canadian economy ends the year on a high note

by on March 1, 2022 0

The Canadian economy grew by 6.7% q/q annualized in the last quarter of 2021, leaving real GDP for 2021 at a solid 4.6%. A major driver of growth was the accumulation of business inventories (loosening supply chains), which rose $11 billion (adding 4.2 percentage points to annualized growth). International trade also grew at a...

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Upcoming week: February 28, 2022

by on February 26, 2022 0

It’s been quite a week of volatility as investors reacted to events unfolding in Ukraine and the West’s response in terms of sanctions against Russia. Stocks fell on Monday, rallied on Tuesday, plunged again on Wednesday, then rose sharply on Thursday, before extending those gains on Friday. The final result ? A roller coaster...

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NZD/USD: positively placed ahead of the RBNZ

by on February 22, 2022 0

Economists widely expect the Reserve Bank of New Zealand (RBNZ) to raise its overnight rate by 25 basis points on Wednesday for the third consecutive time. Whether or not the central bank‘s decision holds any surprises doesn’t detract from what could ultimately turn out to be a positive technical setup for NZD/USD down the...

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The Most Useful Forex Facts

by on February 19, 2022 0

The most famous and largest stock market in the world is Forex, which has a huge number of investors. Well, it is worth noting that it is possible to trade only through a broker, since the market entry amount will not be accessible to the person. Successful trading in the market requires patience and...

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USDJPY pulls back on news of Russian troops

by on February 14, 2022 0

JPY The pair is trading in the mid-range but off session highs as markets resume movement USDJPY falls below 100 hour MA the USDJPY USD/JPY USD/JPY is the currency pair comprising the United States dollar (symbol $, code USD) and the Japanese yen from Japan (symbol ¥, code JPY). The pair’s rate indicates how...

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Upcoming week: February 14, 2022

by on February 12, 2022 0

It’s been a hell of a week in the markets and a great Thursday for volatility. Consumer inflation beat expectations again in the United States, reaching its highest level since 1982 at 7.5%. This caused panic from at least one Fed official and investors stepped up their bets on a rate hike. The result?...

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January’s US CPI may not benefit the DXY

by on February 10, 2022 0

Rising inflation impressions from the US could hurt rather than support the US Dollar Index (DXY). A big beat on the January CPI is needed Rising inflation is printing damage in the US rather than supporting the US Dollar Index (DXY). The median consensus already calls for a print of 7.3% y/y with a...

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Slight gains with consolidated gradual rise

by on February 2, 2022 0

SHIB/USD has made slight gains in recent days, but its trading has lacked a huge upside move even as additional value has been added. Advertising SHIB/USD remains in the lower areas of its medium-term price range, but the past two days have seen the cryptocurrency gradually gain. However, since Shiba Inu moves in fractions...

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Collapse turns into quick downward move for Solana

by on January 24, 2022 0

SOL/USD has been trading at a significant long-term low since this morning as it suddenly finds its price close to the values ​​seen in August 2021. Advertising SOL/USD suffered a rapid and potentially painful decline for speculators who saw the price action go against their long positions. The vast cryptocurrency market was extremely jittery...

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Sterling rises as UK inflation jumps

by on January 19, 2022 0

The British pound is in positive territory after falling for three consecutive days. GBP/USD broke through the 1.36 line and is trading at 1.3635 during the North American session, up 0.27% on the day. UK inflation at 30-year high Anyone who reads the news has seen many headlines shout “US inflation hits 30-year high!”....

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Trading support and resistance

by on January 9, 2022 0

Get our trading strategies with our monthly and weekly forecasts of currency pairs to watch using support and resistance for the week of January 10, 2022. Advertising This week I’ll start with my monthly and weekly forecasts for currency pairs to watch. The first part of my prediction is based on our research of...

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DXY vulnerable in the new year

by on December 30, 2021 0

Technical outlook in USD DXY coming out of a corner pattern June slope support has been broken US Dollar Technical Outlook: DXY Vulnerable in New Year The US Dollar Index (DXY) was in a wedge formation until yesterday, but has yet to close daily below 95.85. This level was created via dips on December...

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Is the bullish journey over?

by on December 27, 2021 0

Despite the state of optimism regarding the new COVID variant and risk appetite, gold prices rebounded higher, stable around $ 1,811, near their highest in one month, in a context falling US dollar. Recently, various studies have indicated that the last wave of the epidemic will be less damaging economically than the previous ones....

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The path of least resistance is lower

by on December 25, 2021 0

Technical signals remain bearish for the euro The euro suffered significant losses against the US dollar in 2021. Although trading was volatile and largely directionless for the first five months of the year, the decline was relentless from June. The exchange rate fell from ~ 1.2250 to ~ 1.1200 as the ECB remained relatively...

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Sunset Market Commentary – Forex Stock

by on December 13, 2021 0

Markets 20. This is roughly the number of central banks that will hold their last policy meeting in 2021. The big events this week notably the Fed (Wednesday), the Bank of England and the ECB (both Thursday). Turkey, Norway, Switzerland, Japan, Russia, Hungary and many more along with important economic data (EMU PMI, US...

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EURGBP evolves between MA of 100/200 hours

by on December 10, 2021 0

EURGBP trades between 100 / 200H MM The EURGBP fell to its low for the week in Tuesday’s session and thus tested the 200-hour moving average. Support buyers leaned against the level (it was also a low from last week) and sellers looked to buyers. The price rise from Tuesday’s low saw the 100-day...

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