We have outlooked several promising Forex pairs and the result can surprise you!
AUD/USD: bears are still in charge
Information is not investment advice
Last week we recommended selling AUD/USD as it reached the resistance of the long-term downtrend. The indeed turned out to be correct. The pair formed a “double top” pattern at the resistance line that has been in place since the start of 2018. As bears make it pierce more levels on the downside, we get the new sell target - 0.6900. If the comments of the Fed’s chair Powell are less dovish this week, there will be potential for the further decline to 0.6830 (June low).
4H Chart Daily Chart We sent out a signal yesterday to long EUR/USD between 1…
4H Chart Daily Chart EURUSD declined back yesterday after trying to test its 1…
Greetings, fellow forex traders! Exciting news for those with an eye on the Australian market - the upcoming interest rate decision could be good news for Aussies looking to refinance or take out new loans. The Mortgage and Finance Association Australia CEO, Anja Pannek, has...
Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus