We have outlooked several promising Forex pairs and the result can surprise you!
USD/CHF: short at higher levels
Information is not investment advice
USD/CHF formed a “hammer” candlestick on D1 yesterday. It means that it may hold at the support in the 0.9820 area for some time and try to test levels around 0.9870/90. However, the overall trend is bearish as can be seen from the daily moving averages that have a negative set up. As a result, the recovery to this area will likely meet resistance (July 2 high, MA on H4), so we’ll look for the opportunity to enter a short position with the initial target at 0.9800.
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