The volatility of the oil price these days questions the previously taken uptrend. Or does it not?
EUR/USD ahead of the Fed's meeting
Information is not investment advice
Investors are cautious ahead of the Fed’s meeting. Many analysts predict a rate cut before the year-end. However, we know that the American central bank is unpredictable. If Mr. Powell gives any hints on the rate cut, the USD will fall, as a result, EUR/USD will rise. In the case of the hawkish tone of the chairman, the pair will suffer.
On the H4, the pair has been trading near the upper boundary of the downward channel (1.1206). A break above it will increase chances for the further rise. However, comments will be in priority.
In the case of the upward movement, targets are at 1.1213, 1.12355 and 1.1258.
In the case of the fall, the pair will move to 1.1187 and 1.1168. A breakthrough these levels will provoke a plunge to 1.1134-1.1127.
AUD/JPY finds itself at the crossroads of several trends - we will use various time frames to foresee the possible scenarios.
EUR/AUD has been in consolidation lately; are there any clear bullish signs or it is better to hold positions?
USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.
This week brought various economy news releases related to GBP. What is the layout of the British pound?
Read the opinion by Morgan Stanley and ANZ on the performance of AUD in Q1