Blog Posts
Forex News Roundup for 31st July, 2023
The US Dollar is still rising despite a long-term bearish trend but it would be tough for the price to cross the key resistance at 101.56 which makes the uptrend look like a short-term situation at the moment. The Swiss Franc has turned out to be the weakest currency since the weekly open while the […]
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EUR/USD – A Downtrend May Happen For The Pair Ahead Of Eu Inflation Data
Bullish View Take Profit: 1.0960 Stop Loss : 1.1075 Timeline: 1-2 days Bearish View Buy Stop : 1.1048 Take Profit: 1.1100 Stop Loss : 1.0970 On Monday morning, the major pair was seen trading at 1.1018 which was a little higher than the low point of last week when the price was 1.0945. Trades seemed […]
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Forex News Roundup & other current affairs for 25th July 2023
GBP/USD is under pressure around the 1.2840 mark. The S&P Global Composite PMI showed that US business conditions improved after the FOMC meeting. The pair struggles to gain ground and remains on the decline, which may be impacting the GBP/USD exchange rate. China’s state banks are selling dollars both onshore and offshore to defend the […]
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GBP/USD – The Cable Pair Price May Keep Dropping For Now
Bearish View Take Profit: 1.2800 Stop Loss : 1.2900 Time Line: 1 day Bullish View Buy Stop : 1.2890 Take Profit: 1.2950 Stop Loss : 1.2800 We saw a drop in the price of the cable pair following the release of UK consumer inflation and retail sales figures. The pair fell to 1.2850, reaching the […]
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Forex News Roundup For July 18, 2023
The analysis of silver prices shows that positive market sentiment continues for the silver trading pair, XAG/USD. For now, the price is consolidating in a favourable phase. Yet it encountered resistance at $26.00. If the price surpasses $25.00, it could signify additional potential for silver to increase in value. Commerzbank suggests that gold prices are […]
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EUR/USD – The Pair Price Will Keep On Rising With Bullish Sentiment
Long Position Take Profit: 1.1300 Stop Loss : 1.1200 Timeline: 1 day Short Position Sell Stop : 1.1215 Take Profit: 1.1150 Stop Loss : 1.1300 The pair price has been showing a strong bullish trend on the price charts, crossing all the Moving Averages and moving above the Ichimoku Cloud. With the development of a […]
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Forex News Roundup for 13th July, 2023
Today, the United States is scheduled to release its Consumer Price Index (CPI), which measures inflation. Analysts anticipate that the data will reveal a 0.3% increase in monthly inflation, accompanied by a significant decrease in the annualized rate, dropping to 3.1% after a notable decline last month. Should the CPI report unexpectedly show a smaller […]
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Aud/usd – More Sideway Movements Can Be Expected for the Pair
Short Position Take Profit: 0.6600 Stop Loss : 0.6750 Timeline: 1-2 days Long Position Buy Stop : 0.6700 Take Profit: 0.6800 Stop Loss : 0.6600 The AUD/USD pair is still fluctuating within a range and does not yet appear to be in a strong trend. Prior to the release of the US CPI data on […]
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Forex News Roundup for 4rth July, 2023
Among major currencies, the Japanese Yen has consistently shown weakness in the long run. On Friday, the USD/JPY currency pair reached a fresh 7-month high, surpassing the ¥145 mark. Trend traders will continue to find appeal in taking short positions on the Japanese Yen, which also hit a multi-year low against the Euro last Friday. […]
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EUR/USD – The pair may keep on consolidating for a while
Bullish View Take Profit: 1.0965 Stop Loss : 1.0850 Timeline: 1-2 days Bearish View Sell Stop : 1.0890 Take Profit: 1.0835 Stop Loss : 1.0950 Last Friday, we saw the pair price recovering after positive US PCE numbers were released, suggesting the possibility of a rate hike during this month. Earlier, the pair price dropped […]
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