
We have outlooked several promising Forex pairs and the result can surprise you!
Don’t waste your time – keep track of how NFP affects the US dollar!
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GBP/USD met resistance at 1.2950 (resistance line connecting the highs of November). The Awesome Oscillator on the D1 is declining. It means that the pound doesn’t have a lot of bullish momentum to keep pushing higher and may form a short-term top. The pair will likely correct to support at 1.2905 (50-period MA on H4). The next level to watch on the downside will be the 100-period MA at 1.2887. The advance above 1.2950 is needed to open the way up to 1.2970 and 1.2985 (November highs). The level of 1.30 will likely the upside for GBP/USD ahead of the December 12 election.
We have outlooked several promising Forex pairs and the result can surprise you!
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…
Last year was tough for the Japanese yen. USDJPY gained more than 30% over 2022, striking above 150 in October. While anticipation of slower Fed rate hikes pulled the pair below the 130 level at the start of 2023, the speculations over the destiny of BOJ’s yield control policy grabbed the attention of the Japanese assets in the middle of January. What lies ahead for traders of the Japanese yen?
Today, at 5:00 pm (GMT +2), the Bank of Canada will publish the Overnight Rate, which represents short-term interest rates, and is pivotal to the overall pricing of the Canadian Dollar in the global markets. Let's look at how the markets are faring ahead of the BoC rates release.
In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
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