Long-term and short-term analysis of the Australian dollar's performance against the US dollar.
EUR/USD: green light for upward correction
Information is not investment advice
There's a 'Triple Top' pattern, which pushed the price lower, so all the Moving Averages have been broken. At the same time, we've got a confirmed 'V-Bottom', which gives green light for an upward correction. In this case, we should watch the nearest important resistance at 1.1275 as the next bullish target. If a pullback from this level happens next, there'll be a moment for another decline in the direction of the previously tested support at 1.1215 - 1.1205.
A local flirting with the resistance or a serious intention to break through? We will examine the price action of GBP against CHF on high timeframes to answer this question.
The bearish bias appears to start losing power. The market reversal upwards is still to be confirmed.
What are the importance of OPEC meetings and their influence on oil prices? This article examines the main factors answering this question.
USD/CHF continues its December descent. The pair’s attempt to return above the 0.9845 area has failed.
The Federal Reserve meeting is today at 21:00 MT time. Analysts widely expect the Fed to keep rates on hold at the 1.5%-2% range