[ad_1] As the week comes to an end, the USDJPY fell sharply and in the process tested the low from early November at 149.175. The low reached 149.192 before bouncing. The price is trading at 149.74. The double bottom mirrors the double top from the high this week (on Monday). That high was reached on
[ad_1] The EURUSD on Monday of this week reached up to test the 38.2% retracement of the move down from the July high to the October low near 1.07642. A high price on Monday reached 1.0756 just 8 pips short of that key target. EURUSD stalled the rally this week at the 38.2% retracement After
[ad_1] The USDJPY sellers are making a play today with the break below the 150.00 level. Not only was the level a key natural level, but also corresponded with the 100-hour moving average. That’s key. The prices also fall below its 200-hour moving average 149.898. That’s key and the 38.2% retracement of the move up
[ad_1] In this video, I outline the key technical levels in play for the EURUSD as we end one week, and look to the next. The bias is more to the downside, thanks to a run higher in the USD on Thursday in Friday. Today, the price moved into a swing area between 1.0483 and
[ad_1] The AUDUSD moved higher in trading today. Fundamentally, the RBA meeting minutes showed that the debate was for a 25 basis point hike which helped to support the AUDUSD in trading today. The move to the upside extended in the early North American session up to the high price from last week (on Friday)
[ad_1] US: The Fed hiked by 25 bps as expected and kept everything unchanged at the last meeting. Fed Chair Powell reaffirmed their data dependency and kept all the options on the table. Inflation measures since then showed further disinflation. The labour market displayed signs of softening although it remains fairly tight. Overall, the economic
[ad_1] USDJPY back down testing the lows The early buying of the USD in the North American session, took the price above its 100-hour moving average near 145.70. The high price reached 145.755 and 145.733 consecutive hourly bars. However, momentum could not be sustained (with the next key target at 145.90), and short-term buyers were
[ad_1] The USDCAD has found sellers near the 61.8% retracement of the 2023 trading range. With the USDCAD up each of the trading days today, will the sellers look to lean against the retracement level and start a corrective move to the downside? The 61.8% retracement comes in at 1.35674. The high price stalled at
[ad_1] Share: USD/MXN struggles to defend two-day winning streak ahead of Fed Minutes. Impending bull cross between 50-HMA and 200-HMA joins firmer RSI (14) line to favor Mexican Peso sellers. Pair seller need dovish remarks in FOMC Minutes, clear break of 17.00 to retake control. USD/MXN retreats to 17.35 as bulls struggle to
[ad_1] EURUSD stalls against the 100 hour MA The EURUSD moved modestly higher in the early trading for the day and reached up to the 100-hour MA at 1.09687. Sellers leaned against the level keeping the sellers in play. The price is modestly off the level at 1.0963 currently. On the downside, remember, the price
