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February 4, 2023

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Tag: TrendFollowing

USD/CHF Price Analysis: Bulls attack 0.9850 inside weekly rising wedge
Forex News

USD/CHF Price Analysis: Stays pressured towards 0.9400, bears eye seven-month-old support

August 10, 2022September 1, 2022 - by admin - Leave a Comment

USD/CHF remains depressed at four-month low, sidelined of late. Clear downside break of the 200-DMA, descending support line from late May favor sellers. 61.8% Fibonacci retracement level adds to the …

USD/CHF Price Analysis: Stays pressured towards 0.9400, bears eye seven-month-old support Read More
AUD/USD retreats towards 0.6700 ahead of Australia Employment data
Forex News

AUD/USD Price Analysis: Bull flag teases run-up to 0.7080

August 10, 2022September 1, 2022 - by admin - Leave a Comment

AUD/USD remains indecisive below 200-HMA inside bullish chart formation. RSI, MACD hints at further weakness, 200-HMA guards immediate upside. Bulls need validation from 0.6980 resistance, weekly horizontal support tests bears. …

AUD/USD Price Analysis: Bull flag teases run-up to 0.7080 Read More
USD/CHF Price Analysis: Faces barricades around 61.8% Fibo retracement at 0.9840
Forex News

USD/CHF Price Analysis: Bears remain hopeful of refreshing monthly low under 0.9500

August 9, 2022September 1, 2022 - by admin - Leave a Comment

USD/CHF fades corrective pullback from one-week bottom marked the previous day. Sustained break of short-term ascending trend line, bearish MACD signals favor sellers. Bulls need validation from the 200-SMA to …

USD/CHF Price Analysis: Bears remain hopeful of refreshing monthly low under 0.9500 Read More
NZD/USD Price Analysis: Correction drags bulls below 20- and 50-EMAs, 0.6100 a critical support
Forex News

AUD/NZD Price Analysis: Bulls approach 1.1100 on downbeat RBNZ Inflation Expectations

August 8, 2022September 1, 2022 - by admin - Leave a Comment

AUD/NZD takes the bids to refresh intraday high after RBNZ Q3 Inflation Expectations. RBNZ Q3 Inflation Expectations eased to 3.07% versus 3.29% prior. Upside break of 200-HMA, upbeat oscillators also …

AUD/NZD Price Analysis: Bulls approach 1.1100 on downbeat RBNZ Inflation Expectations Read More
USD/CAD licks BOC-led wounds below 1.3000, ignores oil’s rebound on hawkish Fed bets
Forex News

USD/CAD Price Analysis: Bounces off 200-SMA towards 1.2985 hurdle

August 8, 2022September 1, 2022 - by admin - Leave a Comment

USD/CAD remains firmer after refreshing three-week high the previous day. RSI, MACD also favor recovery from 200-SMA, horizontal resistance line from July 19 tests bulls. Weekly support line, 61.8% Fibonacci …

USD/CAD Price Analysis: Bounces off 200-SMA towards 1.2985 hurdle Read More
Pound Sterling Price News and Forecast: GBP/USD extends weakness, pandemic low comes in focus [Video]
Forex News

GBP/USD Price Analysis: Further downside hinges on 1.1995 break

August 7, 2022September 1, 2022 - by admin - Leave a Comment

GBP/USD remains pressured around two-week low, after breaking monthly support line. 21-DMA, the previous resistance line from mid-June appear to challenge the bears. RSI, MACD also favor sellers whereas buyers …

GBP/USD Price Analysis: Further downside hinges on 1.1995 break Read More

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